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This is Eric Mortensen's blog. He works @ Blip and lives in Brooklyn.

 

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In real life, the Dow closed at 12,874.04 on Feb 13, 2012. However, if they had added Apple instead of Cisco, the Dow Jones would be at 14,926.95. That’s over 800 points higher than the all-time high of 14,164 previously set on 4/7/2008.

via daring fireball

An online television company has come up with a way to stream local television stations to paying subscribers on the Internet, potentially forming a new cord-cutting threat for cable and satellite distributors.

The new company, called Aereo, held a news conference on Tuesday in Manhattan to demonstrate its service, which will go on sale on March 14. The service will cost subscribers $12 a month and will only work in the New York City.

Aereo will stream all of the programming of the major networks (ABC, CBS, Fox, NBC) and will include an Internet-powered digital video recorder. What it lacks completely is cable TV. But for some people, particularly those who don’t watch sports cable channels like ESPN or premium channels like HBO, a combination of Aereo and an on-demand streaming service like Netflix or Hulu could be an appealing alternative to a cable subscription.

For casual television viewers, “if you have this and you have Netflix, you absolutely have the ability to not have a standard cable subscription,” said Chet Kanojia, the founder and chief executive of Aereo, which was initially named Bamboom Labs.

This is exactly how cable tv started. In the early days of television, people would setup an antenna in one town and then run a cable to a town without a TV station and sell access.

It’s a compelling service. I’ll certainly try it, although it’s not doing much that can’t be done with a $20 antenna. 

A sense of entropy lingers here. Some state employees have gone without salaries for a year, and Mr. Shamis acknowledged that the government had no idea how to channel enough money into the economy so that it would be felt in the streets. Tripoli residents complain about a lack of transparency in government decisions. Ministries still seem paralyzed by the tendency, instilled during the dictatorship, to defer every decision to the top.

“They’re sitting on their chairs, they’re drinking coffee and they’re drafting projects that stay in the realm of their imagination,” said Israa Ahwass, a 20-year-old pharmacy student at Tripoli University, which was guarded by a knot of militiamen.

How can you change people overnight?” interrupted her friend, Naima Mohammed, who is also studying pharmacy. “It’s been 42 years of ignorance.”

“They’re not doing a single thing,” Ms. Ahwass replied.

The concept of “one nation under God” has a noble lineage, originating in Abraham Lincoln’s hope at Gettysburg that “this nation, under God, shall not perish from the earth.” After Lincoln, however, the phrase disappeared from political discourse for decades. But it re-emerged in the mid-20th century, under a much different guise: corporate leaders and conservative clergymen deployed it to discredit Franklin D. Roosevelt’s New Deal.

During the Great Depression, the prestige of big business sank along with stock prices. Corporate leaders worked frantically to restore their public image and simultaneously roll back the “creeping socialism” of the welfare state. Notably, the American Liberty League, financed by corporations like DuPont and General Motors, made an aggressive case for capitalism. Most, however, dismissed its efforts as self-interested propaganda. (A Democratic Party official joked that the organization should have been called “the American Cellophane League” because “first, it’s a DuPont product and, second, you can see right through it.”)

[Santorum] sponsored at least two Senate bills and pushed to amend a mammoth Medicare overhaul to include the extra spending, which would have benefited Universal Health Services, a Pennsylvania-based hospital management company with facilities in Puerto Rico. If it seems at odds with the small-government philosophy Mr. Santorum now espouses in his presidential campaign, it was in line with his legislative efforts to help businesses in his state.

And some of those businesses were happy to return the favor.

Within months of leaving the Senate, Mr. Santorum joined the board of Universal Health Services, where he collected $395,000 in director’s fees and stock options before resigning last year. He also became a consultant to Consol Energy, after years of advocating drilling and extraction policies helpful to the company, a Pennsylvania gas and coal producer. And he consulted for the American Continental Group, a lobbying firm whose clients won earmarks he sponsored.

Romney’s Tax Plan: Cuts for the rich, but the poor will pay more.

Related

It would be a mistake, though, to believe that, long after Iowa, once the horse race is over, and if he’s elected, Romney could suddenly flip a switch, clear the air of the toxicity left behind by the Republican field, and return to being a cautious centrist whose most reassuring quality is his lack of principles. His party wouldn’t let him; and, after all, how a candidate runs shapes how a President governs. In politics, once a sellout, always a sellout; once a thug, always a thug.
The action showed that GOP leaders care only about tax breaks for millionaires and billionaires, not for middle-class U.S. families.

Charleston Gazette Editorial

TPM is chronicling the harsh reactions that are following Republicans home.

This is not a win for Obama or a misstep for Republicans. This is merely the press catching up with reality. This is not new, but it is finally news. 

jacobjoaquin:

“This morning, Speaker Pro Tempore Michael Fitzpatrick (R-PA), under orders from Speaker Boehner, refused to allow Democratic Whip Steny Hoyer to speak on the floor and ask for unanimous consent to bring up the Senate bipartisan compromise to extend the payroll tax cut. Whip Hoyer and Congressman Chris Van Hollen are continuing to try to offer the Senate compromise even though Republicans walked off the floor.”

Ron Paul:

“The selection of a reality television personality to host a presidential debate that voters nationwide will be watching is beneath the office of the Presidency and flies in the face of that office’s history and dignity.”

Jon Huntsman:

“We have declined to participate in the ‘Presidential Apprentice’ Debate with The Donald. The Republican Party deserves a serious discussion of the issues so voters can choose a leader they trust to defeat President Obama and turn our economy around.”

The other candidates seem to be all too happy to engage with Trump. 

Former Massachusetts Gov. Mitt Romney, Texas Gov. Rick Perry, businessman Herman Cain and Minnesota Rep. Michele Bachmann have all met with “The Apprentice” host at least once. On Thursday, former House Speaker Newt Gingrich said he would be meeting with Trump on Monday.

[Herman Cain’s] website just went live with a new “Women For Cain” section where female supporters can share their stories —and slam his accusers as “vindictive,” “jealous,” “unstable,” and “husbandless.”

This video shows Carrier IQ, which is secretly installed on most Android, Blackberry and Nokia phones, logging text messages, encrypted web searches, keystrokes and everything else done on the device. 

Shocked Putin greeted with boos and jeers at event

It was not the kind of reception that Vladimir Putin is used to. As the Russian Prime Minister stepped into the ring at Moscow’s Olympic Stadium to congratulate Fedor Emelianenko, the winner of a martial arts clash on Sunday evening, boos and whistles rang out in the arena.

A moment of shock flickered across his face as he registered what was happening, before he regained his composure and carried on as normal. Nobody can remember anything like it happening before, and one blogger called it “the end of an era”. The frosty reception from thousands of ordinary Russians will raise further alarm that discontent with Russia’s ruling elite and Mr Putin himself is growing, ahead of elections in a fortnight’s time.

Mr Putin’s supporters rushed to offer explanations for the hostile reception. Some said it was meant for the defeated American fighter Jeff Monson, who was leaving the arena just as Mr Putin appeared on the scene.

Others, less plausibly, claimed that the whistling was due to the fact that many of the crowd needed to go to the toilet. But in a telling sign, state-controlled television, which showed the fight and Mr Putin’s speech live, edited out the whistling and played a more neutral crowd soundtrack during repeats of the speech.

A law enforcement official told Tom Hays of the Associated Press that after reviewing the evidence, the FBI found Pimentel did not have the “predisposition or the ability” to carry out the terror plot.