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...economy would hum with millions of local projects requiring little or no government planning. Moreover, by choosing a relatively low-tech policy that the world could readily copy, we would at last become leaders in climate protection--and in rejecting the needless and dangerous expansion of nuclear power. Egan O'Connor, SAN FRANCISCO...
Groomed for Success Most U.S. Treasury Secretaries come to the job after long careers on Wall Street (Paulson, Robert Rubin), in industry (John Snow, Paul O'Neill) or in politics (Lloyd Bentsen). Geithner, born 14 days after Obama, will, by contrast, be one of the youngest Treasury Secretaries ever, and he will land in the office at one of the most critical junctures in U.S. economic history. But his elevation to the top job at Treasury has long been expected. Geithner has been doing older people's jobs for years. I first met him 18 years ago, when we were...
...Telebrands, another popular purveyor of infomercialesque merchandise. His company is buying better TV slots at prices averaging 25% less than last year's. Commercials for Telebrands products, which include an egg-shaped callus remover (the PedEgg) and nail clippers for pets (PediPaws), now appear during The O'Reilly Factor, one of the most popular shows on Fox News...
...collectively may have contributed 30% to 50% of Madoff's billions under management and never heard of Madoff until a month ago - are wondering what to do and whom to sue. Currently there are 17 legal cases filed against Madoff or his feeder-fund managers, according to the D&O Diary, a legal blog following the case. Some of these suits are akin to grasping at straws. For example, my feeder-fund manager, Stanley Chais, has already said he's broke because of losses suffered with Madoff...
...Even after the previous prosecutions, McCarty's stings the most. The onetime intern to House majority leader Tip O'Neill was viewed as one of the most powerful politicians in Palm Beach County. She served as the county's Republican Party chair earlier this decade, and offered her office space in the county's governmental center to GOP attorneys during the Bush-Gore recount. She was a go-to fundraiser for nonprofits and political campaigns, and a mother hen to the affluent cities on the southeast coast...