Daily Archives: January 21, 2011

Keith Olbermann Leaving MSNBC!

Sorry for my gleefulness, but Keith Olbermann is leaving MSNBC.  This is a complete surprise, but with Comcast’s recntly approved acquisition of NBC, it was only a matter of time before Olby would butt heads with management, meaning this is a move that Olbermann is likely taking to avoid such uncomfortable circumstances.

The Daily Caller has video of Olbermann’s sign-off:  http://dailycaller.com/2011/01/21/olbermann-announces-last-broadcast-on-msnbc-video/

And Jim Treacher has a great blog post showing how pathetic all the Olby fans are.  Their collective mourning in twitter is pathetic:

http://dailycaller.com/2011/01/22/olbermann-fans-share-their-personal-tales-of-heartbreak-and-loss/

Also check out these two superb links for more info on Olbermann’s departure:

http://johnnydollar.us/files/110122.php

http://insidecablenews.wordpress.com/2011/01/22/olbermann-outodonnell-inschultz-to-10uygur-to-filll-in-at-6pm/

 

 

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Filed under The Media

Death by Committee

Washington’s way to fix things?  Form a committee.

Debt crisis?  Form a committee.

Concerns about towing?  Form a committee.

Not enough diversity in the communications industry?  You guessed it: form a committee.

Fox News has a great story up on its website about this.  Here’s the most important paragraph:

According to government statistics, there were 74,346 committee members last year, up from about 52,000 a decade ago. Some work on these committees on a volunteer basis; for those who don’t, the cost of paying them topped $47 million last year. Separate from that, the largest single cost — at $180 million, up from $100 million a decade ago — comes from funding the staff who do the grunt work. Another big factor is travel and related expenses, which amounted to $72 million last year.

What do these committees accomplish, besides wasting taxpayer dollars?  $72 million may seem like nothing compared to the entire budget, but what could that money do in the hands of an entrepreneur?

 

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Filed under Politics

Why Did We Give Hu a State Dinner?

President Hu came to Washington, and Obama threw him a big party.  Why?  Last time I checked, China is a human rights violator and currency manipulator.  Perhaps this has something to do with the fact that we are now more interdependent than ever before.  And, to be fair to Obama, some progress was made, according to Charlie Hurt of The New York Post, who wrote:

Dignitaries and celebrities, including Jackie Chan, Barbra Streisand, designer Vera Wang, and former Presidents Bill Clinton and Jimmy Carter, dined on pear salad with goat cheese, lobster, rib-eye steak with double-stuffed potatoes, creamed spinach, and apple pie with vanilla ice cream.

Before the dinner, Obama did win agreements to help US companies trying to crack into the Chinese market.

China agreed to scrap its government’s “indigenous innovation” policy of only purchasing Chinese-made goods and agreed to an export deal worth $45 billion, including $19 billion for the purchase of 200 airliners from Boeing.

At a joint press conference with Obama, Hu applauded the “positive, cooperative and comprehensive” relationship between the two countries and said he and Obama agreed “to strengthen exchanges and cooperation in economy and trade, energy and the environment.”

“We champion free trade and oppose protectionism,” Hu said.

On another thorny issue, Hu made a rare admission on human rights. During the press conference, he said China had made enormous progress but surprisingly conceded that “a lot still needs to be done in China in terms of human rights.”

On currency issues, Hu said only that China would slowly adjust the value of its currency, but many say its pace is too slow as it continued to give its exporters — both legitimate and illegitimate — a competitive edge.

“I absolutely believe China’s peaceful rise is good for the world, and it’s good for America,” Obama said, addressing a major concern in Beijing that the United States wants to see China’s growth constrained.

Okay, that’s nice, but what about the currency issue? I really don’t care that much about it, because I think the theft of intellectual property is a bigger problem.  All those counterfeit products and such violate the rules that make our free market work.

Judge Napolitano speaks with K. Anthony Appiah about China’s human rights record:  http://www.youtube.com/watch?v=RmbXZKxLdBk

 

 

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Filed under Politics, The Economy, The World