From Carpe Diem:
The excerpt below is from a long, but very informative New York Times Magazine article “North Dakota Went Boom,” about the Peace Garden State’s amazing oil boom in the Bakken formation (and some history of the state’s previous oil booms). According to some estimates, the Bakken boom might last for 100 years, and is being driven by new, breakthrough drilling technologies, and the state’s “petropreneurs” (and not by any government [...]
Here’s a letter to the New York Times Magazine‘s “ethicist,” which was published over the summer:
My wife is having an affair with a government executive. His role is to manage a project whose progress is seen worldwide as a demonstration of American leadership. (This might seem hyperbolic, but it is not an exaggeration.) I have met with him on several occasions, and he has been gracious. (I doubt if he is [...]
A former student of an elite New York City prep school has revealed decades of sexual abuse at the institution, accusing a string of teachers of vile behaviour while suggesting others covered it up.
In New York Times Magazine, Amos Kamil, who graduated from Horace Mann in the Bronx in 1982, gives a harrowing insight into the hellish school years for scores of boys.
He details how a music teacher took a student on solo trips to [...]
Relationship between Michelle Obama and Oprah Winfrey ‘breaks down’
May 16, 2012
The book, The Amateur, written by Edward Klein, the former editor of the New York Times Magazine, portrays the First Lady as jealous of the access and influence the talk show host had over her husband. It also suggests Mrs Obama criticised Miss Winfrey’s weight.
Mr Klein claims that despite an initially warm relationship, the friendship became fractured shortly after Mr Obama’s election [...]
Ed Conard is a former partner at Bain Capital and a friend/public supporter of presidential candidate Mitt Romney. So it’s no surprise that he’s staunchly supportive of the super rich, and has written a book on why.
In “No Consequences”, Conard argues that the super wealthy actually help society by investing money into technologies and companies that will allow people to become richer and live more efficient lives, according to a New York Times Magazine profile of the businessman.
You know it’s nuts when “Helicopter Ben” thinks it’s too extreme…
Federal Reserve Chairman Ben S.Bernanke took on Nobel prize-winning economist Paul Krugman yesterday andcalled his advice to reduce unemployment by boosting inflation “reckless.”
“The question is, does it makesense to actively seek a higher inflation rate in order to achieve” aslightly faster reduction in the unemployment rate, Bernanke said yesterday toreporters after a Federal Open Market Committee meeting. “The view [...]
Nobody wants much to think about it yet, but it’s well understood by everyone in Washington and on Wall Street, that a potentially massive fiscal problem is looming for the economy next year.
The issue is divided into three parts:
Sometime in late 2012 or early 2013, Congress will have to approve another debt ceiling hike.
At the same time, all of the Bush tax cuts are set to expire — not [...]
After invading Iraq over WMD’s, the latest US plan is to clap as Israel bombs Iran
February 4, 2012
If Israel really attacks Iran this year, it – and the Americans – will be more dotty than their enemies think. True, Mahmoud Ahmadinejad is a crackpot, but then so is Avigdor Lieberman, who is apparently the Israeli Foreign Minister. Maybe the two want to do each other a favour. But [...]
(NYT) In an opinion that harshly criticizes the tactics of the police and prosecutors, an Illinois appellate court on Friday night reversed the conviction of Juan Rivera, who has spent 19 years in jail for the 1992 rape and murder of an 11-year-old baby sitter in a suburb of Chicago.
Mr. Rivera, who is 39 and serving a life sentence, has been convicted three times for killing the sitter, Holly Staker, [...]
Katie Couric is hinting that she knows why her CBS “Evening News” telecast has struggled in the ratings. In an interview with The New York Times Magazine, Couric indicates the reason for her third-place finish among evening news broadcasts might have something to do with the local news lead-in on CBS stations.
Asked why she thinks her broadcast remains in third place, Couric responded, “I believe we were in third place [...]
CARR: People who work for Beck point out he could live without FOXNEWS…
By DAVID CARR
Almost every time I flipped on television last week, there was a deeply angry guy on a running tirade about the conspiracies afoot, the enemies around all corners, and how he alone seemed to understand what was under way.
While itâ€™s true that Charlie Sheen sucked up a lot of airtime last week, Iâ€™d [...]
By Russell Adams
New York Times
New York Times columnist Frank Rich is leaving the newspaper to join New York magazine as an essayist, ending a three-decade career at the Times.
Rich, who has been an op-ed columnist since 1994, will write a monthly essay on politics and culture that will anchor a special section he will oversee as editor-at-large.
Richâ€™s hire adds an [...]