American Companies Are Hiring (Overseas)
Wed, 29 Dec 2010 02:48 pm PST
The Atlantic Wire - Earlier in December, President Obama met with some of the country's most high-powered CEOs, with the goal of convincing corporate America to use some of its $2 trillion in cash reserves to hire more workers. But it turns out many U.S. companies are hiring. Overseas, that is. Full Story | Top |
Is Facebook overvalued?
Wed, 29 Dec 2010 05:29 am PST
The Week - "Frenzied trading" of the company's privately held shares is fueling speculation about an imminent IPO and the real value of the social media network Full Story | Top |
Why WikiLeaks Is Not Pentagon Papers 2.0
Wed, 29 Dec 2010 02:42 pm PST
The Atlantic Wire - Daniel Ellsberg leaked the Pentagon Papers to expose the secret history of the Vietnam War. WikiLeaks released 250,000 secret state department cables just because they were, well, secret. Even Ellsberg kept some secrets, and that is the difference between the two cases, Floyd Abrams argues in The Wall Street Journal, continuing the now months-long debate over whether WikiLeaks is a Good Thing or a Bad Thing. Full Story | Top |
Tucker Carlson Wants Michael Vick 'Executed' for Dogfighting
Wed, 29 Dec 2010 02:42 pm PST
The Atlantic Wire - Talk about Old Testament justice. Filling in for Sean Hannity on Fox News, Tucker Carlson said Michael Vick "should've been executed" for his involvement in interstate dogfighting. "I'm a Christian, I've made mistakes myself, I believe fervently in second chances," Carlson prefaced. "But Michael Vick killed dogs, and he did in a heartless and cruel way. And I think, personally, he should've been executed for that." The Vick controversy resurfaced this week after word got out that President Obama praised Vick's coach for giving an ex-convict a "second chance." Many were outraged by the president's remarks but few went so far as to advocate the death penalty for Vick. Pundits weigh Carlson's remark: Full Story | Top |
Happy Hour Vid: Bill Clinton Should 'Stay Out' of Chicago's Mayoral Race
Wed, 29 Dec 2010 01:58 pm PST
The Atlantic Wire - Illinois Representative Danny Davis is not happy about Bill Clinton's agreement to campaign for Rahm Emanuel in the Chicago mayoral race. Fox News reports that yesterday Davis urged the former president to "stay out of Chicago's mayoral race if he wants to maintain his warm relationship with blacks." Later that day, Davis, also a mayoral candidate, clarified that his comments about Clinton really had nothing to do with race, arguing that he'd object even if Clinton were coming to stump for his black opponent Carol Mosely Braun. He admits that he, himself, would welcome Clinton's support. Click here to see the video. Full Story | Top |
Top Tweets: Bloomberg v. Booker Edition
Wed, 29 Dec 2010 01:00 pm PST
The Atlantic Wire - New York residents have been lashing out at mayor Michael Bloomberg for insufficiently handling the twenty inches of snow that practically paralyzed the city. In Newark, on the other had, mayor Corey Booker has received praise for his effective method of using Twitter to find out who is snowed in and then personally shoveling them out. Today, Booker v. Bloomberg continued to play out on Twitter. National Review's Robert Costa hardly recognizes New York under all the snow .bbpBox20175132135788544 {background:url(http://a3.twimg.com/a/1292460232/images/themes/theme1/bg.png) #C0DEED;padding:20px;} p.bbpTweet{background:#fff;padding:10px 12px 10px 12px;margin:0;min-height:48px;color:#000;font-size:18px !important;line-height:22px;-moz-border-radius:5px;-webkit-border-radius:5px} p.bbpTweet span.metadata{display:block;width:100%;clear:both;margin-top:8px;padding-top:12px;height:40px;border-top:1px solid #fff;border-top:1px solid #e6e6e6} p.bbpTweet span.metadata span.author{line-height:19px} p.bbpTweet span.metadata span.author img{float:left;margin:0 7px 0 0px;width:38px;height:38px} p.bbpTweet a:hover{text-decoration:underline}p.bbpTweet span.timestamp{font-size:12px;display:block} Strolling around NYC: the complaints about Bloomberg are legit -- it looks like Sarah Palin's Alaska on 5thless than a minute ago via Twitter for BlackBerry®Robert CostarobertcostaNRO Full Story | Top |
Housing Prices Continue to Drop
Wed, 29 Dec 2010 12:39 pm PST
The Atlantic Wire - Despite hopes that this year the United States would see the end of the housing crisis, recent reports reveal that housing prices in 20 major metropolitan areas fell between September and October (the most recently-recorded month). Economist Gary Shilling shares a number of graphs at Business Insider today to explain his prediction that price drops will continue. Bloggers react to the news and attempt to explain how this happened and how it will impact the future of the economy.'A Big Drag on the Economy' The Washington Post's Ezra Klein refers to Shilling"s aforementioned overview as "the clearest most comprehensive I've seen. It's also the grimmest." Klein tries to assess where the housing market will go from here:If Shilling is right, this'll be a big drag on the economy in 2011. And it helps explain why House Republicans are rapidly backpedaling from their once-cavalier confidence that Fannie and Freddie can be swiftly privatized and spun loose. Where the housing sector had a lax -- and occasionally fraudulent -- attitude toward lending and appraisal in the run-up to the bubble, they've tightened considerably since the bust. So considerably, in fact, that basically the only mortgages that are moving are those that Fannie or Freddie are willing to buy. Full Story | Top |
Remembering Denis Dutton, Professor and Web Pioneer
Wed, 29 Dec 2010 12:21 pm PST
The Atlantic Wire - On Tuesday, Denis Dutton passed away in New Zealand after a battle with prostate cancer. He was 66. Dutton was an author, a philosophy professor, and the founder of Arts & Letters Daily, a general-interest Web aggregator that launched in 1998. The site's wide range and highbrow sensibility attracted praise and loyal readers almost from its first days, and Dutton gained a reputation as an intellectual heavyweight and one of the Web's foremost curators. (It's probably fair to say The Atlantic Wire wouldn't exist if not for the trail blazed by Dutton's site.) This week, the world of letters mourns his loss. Full Story | Top |
Pundits See Good Odds, With Caveats, for Obama's Reelection
Wed, 29 Dec 2010 11:14 am PST
The Atlantic Wire - Sure, President Barack Obama's 2012 campaign has only just this week decided on where it will set up shop (Chicago), and the actual election remains 23 months away. That isn't stopping pundits from evaluating his reelection odds. The latest round of commentariat analysis concludes with a general consensus that Obama faces good prospects, with a few important caveats. Here's what they have to say. Full Story | Top |
Why Is Karzai 'Longing' For President Bush?
Wed, 29 Dec 2010 09:48 am PST
The Atlantic Wire - A U.S. State Department cable from July 2009, released by WikiLeaks, shows Afghan President Hamid Karzai pining for the early years of the Bush administration, which he called a "golden age" for the country. Here's what Afghanistan-watchers are saying about this strange admission, including the pushback Karzai got from U.S. Ambassador to Afghanistan Karl Eikenberry, who wrote the cable in question. Full Story | Top |
The Future of Groupon
Wed, 29 Dec 2010 09:15 am PST
The Atlantic Wire - These New Investors Got a Good Deal, observes Owen Thomas at Venture Beat:Interestingly, Groupon’s new investors appear to be getting better terms than DST, the Russian Internet holding company that invested $135 million in Groupon in April. DST’s investment was junior to other previous investors, meaning that in a sale, DST would be last in line to recoup its investment. The new investors would be senior to earlier investors, a more usual arrangement, but DST has become well-known in the industry for its willingness to invest in Internet companies like Facebook and Groupon on liberal terms. Full Story | Top |
Reporters Bummed: No Topless Obama Pics This Year
Wed, 29 Dec 2010 09:10 am PST
The Atlantic Wire - There will be no sequel to the photos of bare presidential pecs that rocked the nation two years ago. President Obama is going snorkeling with his family in Hawaii, but long lenses and "other sneaky attempts to take pictures" of our commander-in-beef have been banned. White House reporters' tropical working holiday: officially ruined. Full Story | Top |
Paul Allen to Silicon Valley: Your Ideas Are Mine
Wed, 29 Dec 2010 08:55 am PST
The Atlantic Wire - Website modules that suggest items related to what you're viewing. Pop-ups at the corner of your computer screen that notify you when a friend's status has changed. Widgets that display stock quotes or the weather forecast. You've probably come across many of these staples of digital society already this morning. Full Story | Top |
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