September 3, 2013 |
Is it that time again? Syria will be foremost on Congress' mind when it returns from vacation next week, but lurking on the horizon like an ever-present cloud bank will be the debt limit. Treasury officials say the limit, currently set at $16.7 trillion, will have to be raised by mid-October if the U.S. is to avoid a government bond default. Under George W. Bush the limit was raised seven times by a total of $5.4 trillion, almost always without tendentious debate. In the first two years of the Obama administration it was raised three times, totaling $3.4 trillion, also without kicking and screaming.
August 23, 2013 |
This is a good time to be an entrepreneur. As the global economy has teetered on the edge of collapse, and former pillars of society from bankers to politicians have become mired in scandal, business founders have been lionized across the world as the saviors of capitalism and a source of hope for the future. The general interest in the subject means that it is also a good time to be writing a book about entrepreneurship. Daniel Isenberg is the latest to do this with what he regards as an alternative look at the subject.
August 22, 2013 |
Contrary to stereotypes, there is no evidence that people on welfare are lazy. Indeed, surveys of welfare recipients consistently show their desire for a job. But there is also evidence that many are reluctant to accept available employment opportunities. Despite work requirements included in the 1996 welfare reform, the U.S. Department of Health and Human Services says less than 42% of adult welfare recipients participate in work activities nationwide. Why the contradiction? Perhaps it's because, while poor people are not lazy, they are not stupid either.
August 5, 2013 |
Over the weekend, I wrote a "How I Made It" feature on Phil Libin, chief executive of Evernote. As the story notes, Evernote is growing like crazy, has moved into a new headquarters and is celebrating the fifth anniversary of its first app. Libin comes across as a pretty transparent guy, and he's never dull. And he had a lot to say about how he was handling his role as leader of the company as it grows beyond its start-up roots. So for those of you who are hankering for more, I'm posting the extended edition of our conversation here.
CALIFORNIA | LOCAL
June 13, 2013 |
The House Judiciary Committee, dominated by Republican men who still have not learned to avoid the subject of rape and pregnancy, took up the issue of abortion this week. Normally, the news about abortion focuses on the machinations of conservative state legislatures, which have spent tremendous time and energy, often with great success, chipping away at women's constitutional right to end a pregnancy. For instance, I am fascinated by South Dakota, where the Legislature is almost rabidly anti-abortion.
May 29, 2013 |
At his annual news conference before the Memorial Tournament, host Jack Nicklaus weighed in on the recent friction between Tiger Woods and Sergio Garcia. And he didn't waste many words. "The Sergio-Tiger thing," he said, "I mean, it's stupid. " The spat began at the Players Championship, where Garcia claimed that Woods distracted him by pulling a club from his bag -- and causing a stir in the crowd -- at an inopportune moment. The two traded barbs and Garcia later made a racially insensitive remark in reference to Woods.
May 20, 2013 |
"The Goodwin Games" is family comedy debuting as a late midseason replacement with only a seven-episode order. So even at Fox, a network not known for hit comedies, hopes are not high. On the other hand, there is a lot of talk these days of rethinking the old models of American television, including making the standard network season (22 to 24 episodes) more like the cable model of 10 to 12. At this year's upfronts, where networks roll out their new fall lineups for advertisers in New York City, Fox discussed several "limited" or "event" series.
April 10, 2013 |
Scott London, a Los Angeles partner in one of the nation's largest accounting firms, says it began four years ago. By his account, a friend with money trouble was poking around for information on Herbalife Ltd. and Skechers USA Inc., two Los Angeles-area companies whose audits London personally oversaw. Soon, he says, he was passing inside tips on the companies that resulted in as much as $100,000 in profit for his buddy. In return, he says, he collected "about $25,000" in cash, was treated to fancy dinners and received a Rolex watch as a gift.
CALIFORNIA | LOCAL
March 29, 2013 |
Los Angeles County sheriff's officials launched an investigation Friday into a "stupid joke" a deputy from the agency's jailhouse intelligence unit allegedly played on two black colleagues, a department spokesman said. The deputy sent an email to the rest of his unit - including his boss - singling out the two black deputies, the spokesman confirmed. "Due to the recent tension between the black and Hispanics, I implemented a new unit," Deputy Mickey Manzo, who is not black, allegedly wrote.
March 28, 2013 |
CODY, Wyo.--Alan Simpson has spent the better part of two years flying around the country ticking people off, though that's putting it more politely than the former Wyoming senator does. Simpson is the Republican half of the Simpson-Bowles duo (Erskine being the Democrat) that produced a 2010 deficit reduction plan that gored just about every sacred cow in Washington before succumbing to a scarcely lamented death. He continues to campaign around the country for the controversial recipe of tax hikes, spending cuts and entitlement reforms.