Thursday, December 30, 2010

Online Money Making Opportunities








Dave Winer: There’s no good place for a new Maginot Line for the news



























Funding



In May of this year, Tomio Geron at the Wall Street Journal summed up the funding story thusly:

Etacts, which completed the Y Combinator incubator program in March, has just closed a $700,000 seed round from prominent angels including Ron Conway's SV Angel; Eric Hahn, former chief technology officer at Netscape; Joshua Schachter, founder of Delicious; Jim Young, co-founder of HotOrNot; Barney Pell and Lorenzo Thione, co-founders of Powerset; Jawed Karim, co-founder of Youtube; Ashton Kutcher, actor and now angel investor; Robby Walker and Wayne Crosby, former Y Combinator participants; and Irene Pedrazza, founder of CheetahMail.



Etacts raised the funding quickly - in just over a month - and had intended to raise $500,000 but decided to let in more investors because of the strong interest, said [Howie] Liu, who co-founded the company with classmate Evan Beard after the two graduated from Duke University last year.



You don't take Ron Conway money and then just give up in six months.



Rapportive raised a small round from other impressive funders 3 months later. Gist raised $4 million in between those two announcements, in July.



Etacts hasn't replied to our request for comment, but an acquisition certainly seems the most likely explanation for the service's decision to shut down.



Email as a Platform



We wrote about email as a platform for application development most recently in August. Yahoo's Eran Hammer-Lahav, then working on developer relations for Yahoo Mail, explained why so many companies are interested in this space.



"It's pretty clear that email provides a huge potential for extensibility, given the wide range of ways people use it. The inbox is much more than just a place for incoming mail, it is the primary dashboard for many web users - it is how they manage their lives. So when looking at email as a platform, the opportunity of making it more useful and productive reaches most areas of online activities.

So far the focus has been on taking social information to help better manage email overflow, but the platform has much more potential beyond that."



What will its likely acquirer do with Etacts? Presumably displaying the social networking profiles and past conversations we've had with the people who sent us emails is just the beginning. How will other email providers respond, lest they fall behind in richness of user experience? That's where things will get really interesting.



Personal Data as a Platform



Perhaps even more interesting is the way that all of these services use data about the people who have sent you email that they have acquired through services like Rapleaf. Services that scoop up and wholesale personal profile data ("the person attached to this email uses this LinkedIn profile, this Twitter profile, owns a home, has kids and loves short videos about kittens") are wildly controversial but also very useful. Nowhere is that usefulness more clearly demonstrated than in the email CRM services like Etacts, Rapportive and Gist.



Perhaps if Etacts' feature-set goes mainstream in some big email program, the story of value built for everyday people (not just marketers) from aggregate online personal data as a development platform would become easier to tell.



That would be very good news.












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Fox <b>News</b> Channel&#39;s Kimberly Guilfoyle: Ignore CPAC boycotters <b>...</b>

Former first lady of San Francisco tells groups boycotting February convention to participate if they want to be heard.

<b>News</b>.me, Betaworks &amp; NYT&#39;s Stealthy Social <b>News</b> Project, Starts <b>...</b>

News.me, the stealthy social news project being developed by Betaworks in conjunction with The New York Times, has just started accepting invite requests. As part of the partnership deal, ...

Police: Fox <b>News</b> Flubbed &#39;Granny Terrorist&#39; Story | TPMMuckraker

Law enforcement officials says Fox News' report of a probe into a Indiana grandmother for alleged terrorist ties was taken out of context and that the reporter based her report of an investigation off her own tip.


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Tuesday, December 28, 2010

Forum Making Money


Politico said he wasn’t, now Fox News (and Frum Forum) say he is. To help you process this news, read Ed’s post from this morning about Obama potentially spending a cool billion on the 2012 campaign and then have a look at Jay Cost’s graph of Republican fundraising over the last four cycles. Said Cost, believing that Steele was set to bow out, “In the end, this is what did Michael Steele in. He could not raise the money, and that just will not do moving forward.”


Or will it?


Ending weeks of rumors that he would not seek a second term, Steele plans to throw his hat into the ring during a conference call with RNC members at 7:30 p.m. ET, the sources said. Steele is said to be amused by false reports of his retirement and intentionally kept his plans secret for the last month in order to flush out competitors for the post, Fox has learned.


During Steele’s tenure, Republicans picked up 63 House seats in last month’s elections, the biggest gain in more than seven decades. But Steele has been dogged by criticism from some Republicans who see him as prone to missteps.


Criticism of Steele has helped lead to a crowded field of challengers seeking to head the RNC. Among those who have officially announced they are in the race are Saul Anuzis, a committee member from Michigan who ran and lost to Steele in 2009, and Reince Priebus of Wisconsin, a former member of Steele’s inner circle, along with former Luxembourg Ambassador Anne Wagner.


So that explains why he didn’t show up at the RNC chair debate: He was lying low, cagily making it look like he wouldn’t run again so that, er … more contenders would jump into the race. Frum Forum’s whip count puts him at around 45-60 votes in the first round of balloting, with 85 needed to win; several of his former aides and allies (Reince Priebus, Gentry Collins, etc) are in the race as challengers, so a key question will be what happens to their supporters if/when they’re eliminated in the first few rounds. Are those supporters so disgruntled with Steele that they’ll gravitate to a consensus alternative, like Saul Anuzis? Or are they actually clubby RNC insiders who prefer Priebus and Collins to Steele but will resort to the chairman as a next best option if their preference is eliminated? Or will some outsider with fundraising appeal, like Norm Coleman, sweep in to provide yet another alternative?


There are only two reasons to conceivably back Steele, as I see it. One: The GOP did, after all, win 63 seats on his watch, and he’s been lying low enough over the last few months that at least it looks like the gaffe-o-rama phase of his chairmanship is finally over. All of which is well and good, but in that case I urge you to follow the link up top and eyeball Cost’s graph again. The question isn’t whether the GOP did well this year, it’s whether it could have done better if the RNC had been flush with cash. Gentry Collins argued that poor fundraising might have cost Republicans an extra two dozen House seats, but given that he’s now challenging Steele for the chairman’s position, take that estimate for what it’s worth. Two: If you believe that, in an age of online donations and targeted giving to campaigns, the RNC will never again be relevant the way it once was, then maybe it’s better to keep Steele in place. It’ll avoid a nasty public squabble between pro-Steele factions, led by Palin, and anti-Steele factions like the “Bush establishment,” and it’ll spare us the spectacle of Steele doing interviews to dump on the GOP after he loses. Plus, if Steele’s reelected, Republican outside groups are bound to start planning way ahead to pick up the slack in case the RNC can’t get its act together to fulfill its traditional fundraising and GOTV roles. No one cares about the RNC as an organization, only that its functions are being done and done well by some conservative outfit. If Steele’s reelected, it means that some other outfit or outfits will be pressured to step up. Inconvenient, but not fatal. I think.






WASHINGTON — Nearly 200 cartoons hang on Sen. Mitch McConnell’s office wall, each lampooning him for backing big money politics, vexing his foes and getting slammed through a basketball hoop by an airborne President Barack Obama.


At the halftime of Obama’s first term, McConnell is the one soaring. Last month’s elections that gave Republicans control of the House, more seats in the Senate and blew the Democrats into glum disarray gave McConnell, R-Ky., almost as much power over the government’s direction as the president himself.


The looming expiration of tax cuts provided an early opportunity to exploit that clout. The White House came to McConnell for a deal. Quietly, McConnell and Vice President Joe Biden, colleagues in the Senate for decades, hashed out an agreement balanced with big victories, tough concessions – and heartburn for all concerned.


“We have the deal,” McConnell told Biden.


“We are on,” Biden responded.


No player benefited more than McConnell.


Whatever its fate, the agreement moved the 68-year-old Senate minority leader beyond the agenda-blocking role that defined him the past two years. There’s now a fragile nexus between the Obama White House and congressional Republicans where there had been scant communication, a precedent for making policy together rather than standoffs.


The “Obama-McConnell” deal, as Sen. Mary Landrieu, D-La., derided it, put McConnell at the table with the president he has vowed to turn from office.


If the relationship holds, the Obama White House will be dealing with the Republicans’ most agile negotiator, stone-faced, governed by discipline and swathed in Southern gentility. McConnell is a conservative ideologue at heart who operates as leader with cold pragmatism and a lawyerly approach to persuasion.


“I don’t want the president to fail. I want him to change,” McConnell says in almost every public forum.


It’s worth noting that McConnell apparently has never aspired to Obama’s job, an uncommon quality among senators and one that helps remove doubt about his motives when he is locked in negotiations or rounding up votes, colleagues and former staffers say.


But he stands out in the Senate in other ways, too. He’s a stern tactician in a chamber of flamboyant public speakers. He revels in the cat-herding nature of the job, unlike his predecessor, Bill Frist of Tennessee, a surgeon practiced in life-and-death matters who was unfamiliar with the Senate.


McConnell is not given to hallway chitchat like the garrulous former Sen. Trent Lott of Mississippi, a former majority and minority leader; does not charm his colleagues with the wry humor of ex-Senate leader Bob Dole of Kansas. And tellingly, even those who frequently find themselves crosswise with McConnell on policy say he does not lean on them in the tradition of Lyndon Baines Johnson.


If the bespectacled senator has a style, it’s inscrutability.


“He listens,” said Sen. Olympia Snowe, one of two moderate Republicans from Maine with extensive experience telling McConnell they can’t vote the way he would like. “I go through my reasoning, and he listens for the common ground.”


“He doesn’t threaten,” said the other Maine Republican, Sen. Susan Collins. “I would know.”


McConnell’s trademark is a discipline he attributes to his childhood battle to overcome polio and, at age 5, to walk. A subtle limp is the only outward sign of that struggle, a limitation that makes it easier for McConnell to travel up a staircase than down.


That uncommon focus threads through McConnell’s story, from his determination to play baseball and lead “a normal life” at the University of Louisville through law school at the University of Kentucky. Even now, when McConnell’s Louisville Cardinals are playing, “I’ve learned during football games not to talk to him,” chuckled his wife, former Labor Secretary Elaine Chao.


If McConnell’s discipline has been a constant, his operational style has changed with his role.


Elected to the Senate in 1984, he made a name for himself in the Senate as a conservative ideologue unafraid to sing the praises of big political donations and assail efforts to put restrictions on campaign fundraising and spending as infringements on free speech. Heated floor debates, particularly with Sen. John McCain of Arizona, culminated in 1994 with McConnell’s all-night filibuster of the campaign finance reform bill McCain had written with Sen. Russ Feingold, D-Wis.


In October 1999, McConnell marshaled the senators needed to kill that year’s version of the McCain-Feingold bill – a notable enough victory for McConnell to hang the headlines on his wall, opposite dozens of newspaper cartoons deriding him for his defense of big money politics.


It’s a gallery of honor, McConnell-style.


“For Mitch, a life of adoration is not a life worth being proud of,” Chao told the Washington Post at the time. “He takes delight in frustrating his enemies. Their damnation becomes the highest praise.”


The remark reflected the pitched rhetoric of the time. Ralph Nader was calling McConnell the “worst senator.” Common Cause deemed him “Darth Vader of campaign finance reform.”


McConnell suggests that what’s changed is less him than his role. He does not, for example, dispute his wife’s characterization.


“‘Enemies’ is a strong word,” he allows.


“Mitch has a different role now,” Chao says. “He’s very much the coach of his team.”


As such, raw pragmatism – how Republican votes might fall for and against various proposals – rules McConnell’s work as his party’s leader in the Senate more than his own ideology, according to interviews with lawmakers and aides.


Even as President George W. Bush’s point man in the Senate, McConnell often sided instead with what was politically pragmatic. Some Republicans in 2007 complained that he had shrunk from the debate over the Iraq war and disappeared completely from the immigration debate in an effort to insulate himself from difficult issues and an unpopular president in his own re-election bid the next year. McConnell won a fifth Senate term then with 53 percent of the vote.


Fast-forward to the Senate’s first day back in business after this year’s midterm elections. Taking the floor, McConnell abandoned his longtime defense of pork-barrel earmarks in a bow to the prevailing voter hostility against special spending deals.


The tax cut agreement with Biden provides more examples. McConnell won Republicans bragging rights over its extension for tax cuts for all, even the rich, along with a generous estate tax breaks for the wealthy – provisions that have sparked a revolt among progressive Democrats.


But in doing so, he also signed off on the package’s ultimate, deficit-swelling cost, estimated at $850 billion over two years. That’s more than the Wall Street package savaged by many Republicans in the fall elections, also more than Obama’s signature stimulus program in 2009. It gives members of McConnell’s caucus – and probably McConnell himself – a degree of indigestion.


Yet in interviews this past week, Republican senators voiced no criticism of McConnell’s negotiating performance, even among the deal’s staunchest GOP critics.


“I think we’re all shocked at the sticker price,” said Sen. Bob Corker, R-Tenn. “Aside from the policy itself, which I’m not saying grace over yet, the effort I greatly appreciate.”


Sen. Jim DeMint, who has said he’d vote against the deal as-is, nonetheless gave McConnell points.


“I think he got the best deal we could get,” said the South Carolina Republican.









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Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>

Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...

Cable <b>News</b> Ratings 2010: Top 30 Programs Of The Year (PHOTOS)

2010 is almost done, and the cable news ratings for the entire year are in. As always, Fox News came out on top, thoroughly dominating the competition and taking the top 12 slots on the ratings list.

Fair &amp; Balanced? Fox <b>News</b>&#39; Big Year (VIDEOS) | TPM LiveWire

From lecturing President Barack Obama on racial sensitivity to inflating threats of terror, Fox News offered more than a few journalistic lessons this year. Fox's ratings continued to top the other major cable networks, while its news ...


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Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>

Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...

Cable <b>News</b> Ratings 2010: Top 30 Programs Of The Year (PHOTOS)

2010 is almost done, and the cable news ratings for the entire year are in. As always, Fox News came out on top, thoroughly dominating the competition and taking the top 12 slots on the ratings list.

Fair &amp; Balanced? Fox <b>News</b>&#39; Big Year (VIDEOS) | TPM LiveWire

From lecturing President Barack Obama on racial sensitivity to inflating threats of terror, Fox News offered more than a few journalistic lessons this year. Fox's ratings continued to top the other major cable networks, while its news ...


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Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>

Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...

Cable <b>News</b> Ratings 2010: Top 30 Programs Of The Year (PHOTOS)

2010 is almost done, and the cable news ratings for the entire year are in. As always, Fox News came out on top, thoroughly dominating the competition and taking the top 12 slots on the ratings list.

Fair &amp; Balanced? Fox <b>News</b>&#39; Big Year (VIDEOS) | TPM LiveWire

From lecturing President Barack Obama on racial sensitivity to inflating threats of terror, Fox News offered more than a few journalistic lessons this year. Fox's ratings continued to top the other major cable networks, while its news ...


bench craft company scam

Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>

Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...

Cable <b>News</b> Ratings 2010: Top 30 Programs Of The Year (PHOTOS)

2010 is almost done, and the cable news ratings for the entire year are in. As always, Fox News came out on top, thoroughly dominating the competition and taking the top 12 slots on the ratings list.

Fair &amp; Balanced? Fox <b>News</b>&#39; Big Year (VIDEOS) | TPM LiveWire

From lecturing President Barack Obama on racial sensitivity to inflating threats of terror, Fox News offered more than a few journalistic lessons this year. Fox's ratings continued to top the other major cable networks, while its news ...


bench craft company scam

Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>

Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...

Cable <b>News</b> Ratings 2010: Top 30 Programs Of The Year (PHOTOS)

2010 is almost done, and the cable news ratings for the entire year are in. As always, Fox News came out on top, thoroughly dominating the competition and taking the top 12 slots on the ratings list.

Fair &amp; Balanced? Fox <b>News</b>&#39; Big Year (VIDEOS) | TPM LiveWire

From lecturing President Barack Obama on racial sensitivity to inflating threats of terror, Fox News offered more than a few journalistic lessons this year. Fox's ratings continued to top the other major cable networks, while its news ...


bench craft company scam

Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>

Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...

Cable <b>News</b> Ratings 2010: Top 30 Programs Of The Year (PHOTOS)

2010 is almost done, and the cable news ratings for the entire year are in. As always, Fox News came out on top, thoroughly dominating the competition and taking the top 12 slots on the ratings list.

Fair &amp; Balanced? Fox <b>News</b>&#39; Big Year (VIDEOS) | TPM LiveWire

From lecturing President Barack Obama on racial sensitivity to inflating threats of terror, Fox News offered more than a few journalistic lessons this year. Fox's ratings continued to top the other major cable networks, while its news ...


bench craft company scam

Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>

Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...

Cable <b>News</b> Ratings 2010: Top 30 Programs Of The Year (PHOTOS)

2010 is almost done, and the cable news ratings for the entire year are in. As always, Fox News came out on top, thoroughly dominating the competition and taking the top 12 slots on the ratings list.

Fair &amp; Balanced? Fox <b>News</b>&#39; Big Year (VIDEOS) | TPM LiveWire

From lecturing President Barack Obama on racial sensitivity to inflating threats of terror, Fox News offered more than a few journalistic lessons this year. Fox's ratings continued to top the other major cable networks, while its news ...


bench craft company scam

Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>

Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...

Cable <b>News</b> Ratings 2010: Top 30 Programs Of The Year (PHOTOS)

2010 is almost done, and the cable news ratings for the entire year are in. As always, Fox News came out on top, thoroughly dominating the competition and taking the top 12 slots on the ratings list.

Fair &amp; Balanced? Fox <b>News</b>&#39; Big Year (VIDEOS) | TPM LiveWire

From lecturing President Barack Obama on racial sensitivity to inflating threats of terror, Fox News offered more than a few journalistic lessons this year. Fox's ratings continued to top the other major cable networks, while its news ...


bench craft company scam

Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>

Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...

Cable <b>News</b> Ratings 2010: Top 30 Programs Of The Year (PHOTOS)

2010 is almost done, and the cable news ratings for the entire year are in. As always, Fox News came out on top, thoroughly dominating the competition and taking the top 12 slots on the ratings list.

Fair &amp; Balanced? Fox <b>News</b>&#39; Big Year (VIDEOS) | TPM LiveWire

From lecturing President Barack Obama on racial sensitivity to inflating threats of terror, Fox News offered more than a few journalistic lessons this year. Fox's ratings continued to top the other major cable networks, while its news ...


bench craft company scam

Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>

Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...

Cable <b>News</b> Ratings 2010: Top 30 Programs Of The Year (PHOTOS)

2010 is almost done, and the cable news ratings for the entire year are in. As always, Fox News came out on top, thoroughly dominating the competition and taking the top 12 slots on the ratings list.

Fair &amp; Balanced? Fox <b>News</b>&#39; Big Year (VIDEOS) | TPM LiveWire

From lecturing President Barack Obama on racial sensitivity to inflating threats of terror, Fox News offered more than a few journalistic lessons this year. Fox's ratings continued to top the other major cable networks, while its news ...


bench craft company scam

Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>

Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...

Cable <b>News</b> Ratings 2010: Top 30 Programs Of The Year (PHOTOS)

2010 is almost done, and the cable news ratings for the entire year are in. As always, Fox News came out on top, thoroughly dominating the competition and taking the top 12 slots on the ratings list.

Fair &amp; Balanced? Fox <b>News</b>&#39; Big Year (VIDEOS) | TPM LiveWire

From lecturing President Barack Obama on racial sensitivity to inflating threats of terror, Fox News offered more than a few journalistic lessons this year. Fox's ratings continued to top the other major cable networks, while its news ...


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Thursday, December 23, 2010

Making Money Tips




For quite a while now everyone and their brother has been lobbing the “when are you going to really monetize Twitter” bombs into the micro-blogging giant’s front yard. It’s a popular thing to do but as of late that cry has lost a little steam (in part due to having real business people like Dick Costolo at the helm) and the latest move by Twitter could put a dent in one of the Internet industry’s favorite pastimes for sure.


The Next Web first reported the new Twitter for Business section and reported


The new version of business.twitter.com will provide business owners with twitter success stores, ideas, tips, tools and resources. Some of the tools included are information on promoted products and tutorials one how to communicate with customers using mobile.


Twitter’s business tools range from basic tips “What is Twitter” to more in-depth information on analytics, case studies, API integration etc.


The main page looks like this and the big attention getter is on the right side, which might as well read “Give Us Your Wallet”



Twitter is no longer just giving advertising a try with a few select folks. Now it’s official that Twitter is really open for business. It’s kind of sad to watch the old “Twitter is cool but hasn’t made a red cent” days go away. Now we have to look at Twitter as a legitimate business. Now whether what they do is meaningful is whole other story.


Along with this new way to get into advertisers pocketbooks, Twitter has updated its Twitter 101 offering with a new presentation of its old material and additional updates.


It appears now that Twitter is moving into the next phase of its development. How well it will work remains to be seen. Does advertising on Twitter give advertisers the best bang for their buck? Will more advertising be a positive or negative influence on the overall experience? To listen to Jason Falls tell it to ReadWriteWeb you certainly get one possible side of the argument clearly.


“Selling trending topics is like gaming Digg,” Falls said.


“Twitter is inviting marketing money bags to completely ruin the organic nature of the tool. When I look at something like that, I tell clients, ‘They’re just whores for your money.’ It’s obvious they’re making Facebook-like errors to try and compensate for the fact they never had a business model in mind when they built this thing.”


Yikes.


It’s too early to tell anything at this point but it does appear as if 2011 will be the Year of Real Revenue Generation for Twitter. If it isn’t then how much longer will investors put up with the excuses / reasons for not making much to this point?




Social Media Monitoring in Just 60-Seconds. Guaranteed!




Here's the problem with funding 2011's government using 2010's budget: When the 2010 budget passed, neither financial regulation nor health-care reform had passed. And so the 2010 budget didn't include the new funds necessary to support their implementation. We're not talking about a lot of money here, of course, but certainly some. And for the health of these bills, it's important money.



But after the collapse of the omnibus spending bill, the Democrats have moved to funding the government using a resolution that simply continues 2010's funding levels. And that means starving some of their signature accomplishments of implementation funds. This hasn't been lost on Republicans, of course: Mitch McConnell's key argument for turning GOP senators who'd pledged to vote for the omnibus was that it included funds for health-care reform. The Democrats, however, seemed less attuned to this dimension of the funding fight. And even those who do see the problem aren't making much noise about it: Though there was lots of tough talk in recent months about how Democrays would risk a government shutdown rather than seeing their accomplishments defunded, that didn't prove true, at least this time.



Top Stories



The Census Bureau will announce which states gained and lost House seats today, reports Charles Babington: "The 2010 census report coming out Tuesday will include a boatload of good political news for Republicans and grim data for Democrats hoping to re-elect President Barack Obama and rebound from last month's devastating elections. The population continues to shift from Democratic-leaning Rust Belt states to Republican-leaning Sun Belt states, a trend the Census Bureau will detail in its once-a-decade report to the president. Political clout shifts, too, because the nation must reapportion the 435 House districts to make them roughly equal in population, based on the latest census figures. The biggest gainer will be Texas, a GOP-dominated state expected to gain up to four new House seats."



The federal funding resolution Congress is considering doesn't include money for the implementation of health-care reform, report Jessica Holzer and Josh Mitchell: "Democrats last week sought $1 billion to expand federal agencies to cope with health-care demands as part of a proposed $1.1 trillion spending bill. That measure died after Senate Republicans closed ranks against it under pressure from conservative activists...Congressional Republicans have said they will try to defund enactment of the health-care law's least popular provisions, particularly Internal Revenue Service efforts to enforce the requirement that most Americans carry health insurance."



Nor for FinReg, reports Pat Garofalo: "The resolution does not include funding for the implementation of the Dodd-Frank financial reform law. Under the omnibus, the Securities and Exchange Commission would have seen its budget increase to $1.3 billion from $1.1 billion, and the CFTC would have gone from $169 million to $286 million. Already, the SEC has halted implementation of a variety of measures under the law as it waits for funding."



The FCC is set to enact "net neutrality" rules, reports Cecilia Kang: "Federal regulators are poised to enact controversial new rules affecting Internet access, marking the government's strongest move yet to ensure that Facebook updates, Google searches and Skype calls reach consumers' homes unimpeded. Under the regulations, companies that carry the Internet into American homes would not be allowed to block Web sites that offer rival services, nor would they be permitted to play favorites by dividing delivery of Internet content into fast and slow lanes. The rules are set to win passage in a vote Tuesday by the Federal Communications Commission, after a majority of the panel's five members said they planned to vote in favor of the measure."



Got tips, additions, or comments? E-mail me.



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Surf-rock interlude: Surfer Blood plays "Twin Peaks".



Still to come: Regulators are taking aim at executive pay; Mark Warner and Saxby Chambliss will push a deficit-reduction package; Bill Gates and Randi Weingarten talk education reform; and an infant learns to drive.

Economy



Sens. Mark Warner (D-Va.) and Saxby Chambliss (R-Ga.) will introduce a debt reduction package in the next Congress, reports Heidi Przybyla: "Senators Mark Warner and Saxby Chambliss will seek to put the U.S. debt atop the agenda early in next year's Congress by proposing legislation to slash government spending, reduce popular tax breaks and trim entitlement programs. Warner, a Virginia Democrat, and Chambliss, a Georgia Republican, have been working over the past six months to court a group of 25 senators from both sides of the political aisle in hopes of gathering support for their bill, Warner said today in an interview. The legislation is based on a plan by the co-chairs of President Barack Obama's debt-reduction panel that earlier this month failed to get enough support for its recommendations to be sent to Congress."



The US is considering a crackdown on Wall Street executive pay, report Aaron Lucchetti and Sara Schaefer Munoz: "U.S. regulators are considering whether to require large financial firms to hold onto a chunk of executive pay to discourage the excessive risk-taking that contributed to the financial crisis, according to people familiar with the situation...The discussions by the Federal Reserve, Securities and Exchange Commission and other federal banking agencies are the result of a provision in the Dodd-Frank financial-overhaul law that instructs regulators to prohibit any bonus plan that "encourages inappropriate risks" at financial firms with more than $1 billion in assets."



The Fed is limiting its purchases of Treasury assets: http://bit.ly/ep64hK



The tax compromise provides a preview of new OMB director Jack Lew's style, reports Jackie Calmes: "While the deal drew fire from both parties, liberal Democrats were especially enraged by a two-year extension of Bush-era tax cuts for high incomes and wealthy estates and a reduction in payroll taxes for Social Security. In private caucuses, some turned their anger at the White House on Mr. Lew. 'This is not a package we could have supported if it didn’t take care of the workers who are most vulnerable,' Mr. Lew said in an interview, echoing the pitch he made to Democrats in private...With both Mr. Obama and Republicans vowing to bring down annual deficits swelling the nation’s debt -- in very different ways -- Mr. Lew becomes an even more crucial figure in the cabinet than budget directors typically are."



Public respect for government workers is on the wane, report Karen Tumulty and Ed O'Keefe: "Three-quarters of those who were surveyed in an October Washington Post poll said they believe federal workers get better pay and benefits than people doing similar jobs outside the government, and 52 percent said government employees are overpaid. When the NBC/Wall Street Journal poll this month sampled public opinion on the major proposals that were put forward by the president's deficit and debt reduction commission, the most popular by far - and the only one deemed 'totally acceptable' by a majority of respondents - was freezing the salaries of federal employees and members of Congress for three years."



The St. Louis Fed president calls quantitative easing "moderately successful" so far: http://on.wsj.com/fBbxaE



The spending package's March expiration date won't make raising the debt ceiling easier, writes Stan Collender: "Because the existing debt ceiling currently is assumed to be reached close to the same date the the CR will expire, won't the two issues be combined into a single piece of legislation?...Combining the two issues would certainly be possible and perhaps even likely in a rational world where efficiency is the goal. But in the hyper political and partisan world that will exist in Washington next year, will it really make any sense for the GOP voluntarily to give up one of what it will believe will be its two major points of leverage over the White House? Even if the two need to be dealt with at close to the same time, why would the GOP not use both opportunities to exert influence that it otherwise won't have?"



Tom Coburn's "Wastebook" is misleading, writes Brad Plumer: http://bit.ly/en6ujQ



Adorable infant acquiring life skills interlude: A Russian baby learns to drive.



Health Care



Sen. Tom Coburn is blocking a bill to provide health care to 9/11 first responders: http://politi.co/eFpn6x



The Justice Department is suing Blue Cross Blue Shield on antitrust grounds, reports Reed Abelson: "When the Justice Department filed an antitrust lawsuit against Blue Cross Blue Shield of Michigan in October, the unusual action was widely seen as a warning shot to dominant health insurance carriers in many other states...The case is viewed as a test for the Obama administration’s introduction of the federal health care law, which is aimed at spurring competition and driving down costs. About half the states in the country, including Alabama, Rhode Island and Iowa, share circumstances similar to Michigan’s, in their relationships with a big single insurance carrier."



Domestic Policy



The spending bill Congress is considering will implement a federal pay freeze, reports Stephen Ohlemacher: "Federal workers would face a two-year pay freeze under a spending bill Congress will take up this week to keep the government operating through March 4. The bill would protect student Pell grants, veteran's benefits and a program that helps low-income families pay their heating bills. A small business loan program would be extended...Three weeks ago, President Barack Obama proposed a two-year salary freeze for some 2 million federal workers, seizing on an initiative popular among Republicans. Public employee unions are lobbying lawmakers to reject the pay freeze."



State attorneys general are going to war with Google over privacy concerns, reports Tony Romm: "More legal wrangling could be in store for Google now that it has refused to turn over to state investigators the e-mails and other data it accidentally collected while mapping neighborhoods. The Mountain View, Calif.-based company declined to deliver that trove of information to Connecticut Attorney General and soon-to-be senator Richard Blumenthal by his Friday deadline. That could set up a legal showdown between the two less than a month before Blumenthal is set to become his state’s newest Democratic senator."



Bill Gates and Randi Weingarten discuss school reform: http://bit.ly/fj40lh



The tax compromise will not affect the Social Security trust fund, writes Allan Sloan: "Next year, as you probably know, workers subject to Social Security taxes will pay only 4.2 percent of their "covered wages" -wages up to $106,800 - rather than the normal 6.2 percent. This will reduce Social Security's cash proceeds by $112 billion, according to Congress' Joint Committee on Taxation. What impact will this cash shortfall have on the Social Security trust fund? None. Zero. Zip. How can a $112 billion cut in Social Security revenues not affect the trust fund? Because Treasury will give the trust fund the same amount of bonds it would have gotten had the two-percentage-point tax holiday didn't exist."



Modest proposal interlude: Craig Rowin would like someone to give him $1 million.



Energy



Republicans may actually defend spending on renewable energy, reports Sharon Begley: "This region--Texas, Oklahoma, and on up to the Dakotas--is to wind power what Nebraska is to corn. The investment tax credit for building wind and other renewable installations expires Dec. 31. Once it does, those projects will come to a halt, and thousands of people who are employed in building them will be out of work. Those workers, of course, are the constituents of newly elected officials, the companies behind the projects are crucial economic engines in the districts and states of those legislators, and both are going to give their reps an earful if the projects don’t resume."



The EPA is touting the success of cap and trade in fighting acid rain: http://bit.ly/hM57vU



Closing credits: Wonkbook is compiled and produced with help from Dylan Matthews, Mike Shepard, and Michelle Williams.



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<b>News</b> Corp. Sells Fox Mobile Group To Investment Firm Jesta

It looks like News Corp. has unloaded its Fox Mobile Group division. According to a release, investment company Jesta Group has acquired Fox Mobile Group (FMG) from News Corporation. Terms of the deal were not disclosed in the release.

Julian Assange | Sarah Palin | Fox <b>News</b> | Mike Huckabee | Mediaite

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<b>News</b> Corp. Sells Fox Mobile Group To Investment Firm Jesta

It looks like News Corp. has unloaded its Fox Mobile Group division. According to a release, investment company Jesta Group has acquired Fox Mobile Group (FMG) from News Corporation. Terms of the deal were not disclosed in the release.

Julian Assange | Sarah Palin | Fox <b>News</b> | Mike Huckabee | Mediaite

In an exclusive interview with Cenk Uygur on MSNBC's Dylan Ratigan Show, Julian Assange described criticism in Washington and elsewhere of WikiLeaks as nothing short of attacks on journalism and the first amendment.

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<b>News</b> Corp. Sells Fox Mobile Group To Investment Firm Jesta

It looks like News Corp. has unloaded its Fox Mobile Group division. According to a release, investment company Jesta Group has acquired Fox Mobile Group (FMG) from News Corporation. Terms of the deal were not disclosed in the release.

Julian Assange | Sarah Palin | Fox <b>News</b> | Mike Huckabee | Mediaite

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<b>News</b> Corp. Sells Fox Mobile Group To Investment Firm Jesta

It looks like News Corp. has unloaded its Fox Mobile Group division. According to a release, investment company Jesta Group has acquired Fox Mobile Group (FMG) from News Corporation. Terms of the deal were not disclosed in the release.

Julian Assange | Sarah Palin | Fox <b>News</b> | Mike Huckabee | Mediaite

In an exclusive interview with Cenk Uygur on MSNBC's Dylan Ratigan Show, Julian Assange described criticism in Washington and elsewhere of WikiLeaks as nothing short of attacks on journalism and the first amendment.

Arrowheadlines: Chiefs <b>News</b> 12/23 - Arrowhead Pride

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<b>News</b> Corp. Sells Fox Mobile Group To Investment Firm Jesta

It looks like News Corp. has unloaded its Fox Mobile Group division. According to a release, investment company Jesta Group has acquired Fox Mobile Group (FMG) from News Corporation. Terms of the deal were not disclosed in the release.

Julian Assange | Sarah Palin | Fox <b>News</b> | Mike Huckabee | Mediaite

In an exclusive interview with Cenk Uygur on MSNBC's Dylan Ratigan Show, Julian Assange described criticism in Washington and elsewhere of WikiLeaks as nothing short of attacks on journalism and the first amendment.

Arrowheadlines: Chiefs <b>News</b> 12/23 - Arrowhead Pride

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bench craft company scam

<b>News</b> Corp. Sells Fox Mobile Group To Investment Firm Jesta

It looks like News Corp. has unloaded its Fox Mobile Group division. According to a release, investment company Jesta Group has acquired Fox Mobile Group (FMG) from News Corporation. Terms of the deal were not disclosed in the release.

Julian Assange | Sarah Palin | Fox <b>News</b> | Mike Huckabee | Mediaite

In an exclusive interview with Cenk Uygur on MSNBC's Dylan Ratigan Show, Julian Assange described criticism in Washington and elsewhere of WikiLeaks as nothing short of attacks on journalism and the first amendment.

Arrowheadlines: Chiefs <b>News</b> 12/23 - Arrowhead Pride

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bench craft company scam

<b>News</b> Corp. Sells Fox Mobile Group To Investment Firm Jesta

It looks like News Corp. has unloaded its Fox Mobile Group division. According to a release, investment company Jesta Group has acquired Fox Mobile Group (FMG) from News Corporation. Terms of the deal were not disclosed in the release.

Julian Assange | Sarah Palin | Fox <b>News</b> | Mike Huckabee | Mediaite

In an exclusive interview with Cenk Uygur on MSNBC's Dylan Ratigan Show, Julian Assange described criticism in Washington and elsewhere of WikiLeaks as nothing short of attacks on journalism and the first amendment.

Arrowheadlines: Chiefs <b>News</b> 12/23 - Arrowhead Pride

Good morning, Chiefs fans! Here's today's Kansas City Chiefs news. I'm going shopping!


bench craft company scam

<b>News</b> Corp. Sells Fox Mobile Group To Investment Firm Jesta

It looks like News Corp. has unloaded its Fox Mobile Group division. According to a release, investment company Jesta Group has acquired Fox Mobile Group (FMG) from News Corporation. Terms of the deal were not disclosed in the release.

Julian Assange | Sarah Palin | Fox <b>News</b> | Mike Huckabee | Mediaite

In an exclusive interview with Cenk Uygur on MSNBC's Dylan Ratigan Show, Julian Assange described criticism in Washington and elsewhere of WikiLeaks as nothing short of attacks on journalism and the first amendment.

Arrowheadlines: Chiefs <b>News</b> 12/23 - Arrowhead Pride

Good morning, Chiefs fans! Here's today's Kansas City Chiefs news. I'm going shopping!


bench craft company scam

<b>News</b> Corp. Sells Fox Mobile Group To Investment Firm Jesta

It looks like News Corp. has unloaded its Fox Mobile Group division. According to a release, investment company Jesta Group has acquired Fox Mobile Group (FMG) from News Corporation. Terms of the deal were not disclosed in the release.

Julian Assange | Sarah Palin | Fox <b>News</b> | Mike Huckabee | Mediaite

In an exclusive interview with Cenk Uygur on MSNBC's Dylan Ratigan Show, Julian Assange described criticism in Washington and elsewhere of WikiLeaks as nothing short of attacks on journalism and the first amendment.

Arrowheadlines: Chiefs <b>News</b> 12/23 - Arrowhead Pride

Good morning, Chiefs fans! Here's today's Kansas City Chiefs news. I'm going shopping!


bench craft company scam

<b>News</b> Corp. Sells Fox Mobile Group To Investment Firm Jesta

It looks like News Corp. has unloaded its Fox Mobile Group division. According to a release, investment company Jesta Group has acquired Fox Mobile Group (FMG) from News Corporation. Terms of the deal were not disclosed in the release.

Julian Assange | Sarah Palin | Fox <b>News</b> | Mike Huckabee | Mediaite

In an exclusive interview with Cenk Uygur on MSNBC's Dylan Ratigan Show, Julian Assange described criticism in Washington and elsewhere of WikiLeaks as nothing short of attacks on journalism and the first amendment.

Arrowheadlines: Chiefs <b>News</b> 12/23 - Arrowhead Pride

Good morning, Chiefs fans! Here's today's Kansas City Chiefs news. I'm going shopping!


bench craft company scam

<b>News</b> Corp. Sells Fox Mobile Group To Investment Firm Jesta

It looks like News Corp. has unloaded its Fox Mobile Group division. According to a release, investment company Jesta Group has acquired Fox Mobile Group (FMG) from News Corporation. Terms of the deal were not disclosed in the release.

Julian Assange | Sarah Palin | Fox <b>News</b> | Mike Huckabee | Mediaite

In an exclusive interview with Cenk Uygur on MSNBC's Dylan Ratigan Show, Julian Assange described criticism in Washington and elsewhere of WikiLeaks as nothing short of attacks on journalism and the first amendment.

Arrowheadlines: Chiefs <b>News</b> 12/23 - Arrowhead Pride

Good morning, Chiefs fans! Here's today's Kansas City Chiefs news. I'm going shopping!


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Wednesday, December 22, 2010

Whos Making Money




...hopelessly outgunned presidential campaign as if it was a business, not even spending more money than he had in hand. C'mon now, how laughable is that in this day and age in modern America that someone who wants to run the federal government should live within his own campaign means? Just like normal people who live on a real budget with no ability to vote themselves a pay raise and a higher debt ceiling when no one is watching C-SPAN!


When the ultimate Democratic winner, in league with the extraordinary gentleman Harry Reid and the tough-talking San Francisco grandma who's House speaker, has decided to spend a gazillion more dollars than any non-federal calculator has digits to display.


These people, for Nancy's sake, are already spending the income taxes of the unborn grandchildren of those 4,000 babies that Paul delivered. A shocking realization that may be helping to fuel the recent re-examination of Ron Paul, who never met a federal dollar that needed spending -- unless it was going back to his district near Houston.


Ron Paul came within something like 1,000 delegates of catching John McCain for the Republican nomination in St. Paul. But when he finally gave up, Paul still had about $5 million left over. He's been investing it traveling around the country to speak and helping like-minded RFR's (Republicans For Real) organize all over. And, who knows, maybe sell a few books.


But now, just as his fierce supporters fearlessly predicted all along, many in American politics are coming around to think that maybe RP's crazy ideas, for example, of auditing and controlling the Federal Reserve, are maybe not quite so crazy.


Our news colleague in Washington, Don Lee, details the sea-change in opinion in a comprehensive look at the old guy's rebirth for weekend print editions, which we're sharing here this morning as a distinguished guest post for Ticket readers around the world.


And for any surviving Ron Paulites, who won't dare leave their typically snippy comments below because that would require them acknowledging that their favorite fiction about a MSM conspiracy to ignore the old guy is fiction.


-- Andrew Malcolm


Because no federal funds are involved, Ron Paul would want you to click here for Twitter alerts of each new Ticket item. Or follow us @latimestot. Or join us over here on The Ticket's new Facebook FAN page.


Here's Lee's reported news item:


For three decades, Texas congressman and former presidential candidate Ron Paul's extreme brand of libertarian economics consigned him to the far fringes even among conservatives. Not a few times, his views put him on the losing end of 434-1 votes on Capitol Hill.


No longer. With the economy still struggling and political divisions deepening, Paul's ideas not only are gaining a wider audience but also are helping to shape a potentially historic battle over economic policy -- a struggle that will affect everything including jobs, growth and the nation's place in the global economy.

Already, Paul's long-derided proposal to give Congress supervisory power over the traditionally independent Federal Reserve appears to be on its way to becoming law.

His warnings on deficits and inflation are now Republican mantras.

And with this year's congressional election campaign looming, the Texas congressman's deep-seated distrust of activist government has helped fuel protests such as the tea-party movement, harden partisan divisions in Washington and stoke public fears about federal spending and the deficit.

"People are wondering what went wrong. And they're not happy with what the....



....government is offering up," said James Grant, editor of Grant's Interest Rate Observer, offering an explanation for why seemingly wonkish arguments over interest rate policy and the money supply are spilling over onto ordinary Americans.

Some of Paul's most extreme views are still beyond the pale for most economists. Despite the eroding value of the dollar, no one expects the U.S. to return to the gold standard, as Paul advocates; most economists think that could wreck the economy.

In their less drastic forms, however, Paul's ideas are being welcomed by conservatives and viewed with foreboding by liberals. For conservatives, runaway inflation constitutes the biggest potential threat to the nation's future. Liberals worry that cutting back stimulus efforts too soon could slow or even halt the current recovery.

The debate over that question -- what the basic thrust of U.S. economic policy should be -- is likely to dominate the coming elections and Washington policymaking.

And so far, Paul and his fellow conservatives are on the offensive. President Obama and congressional Democrats are repeatedly pledging not to increase the deficit and to begin cutting back soon.

"I think we're going to be in for more revival of fiscal responsibility," said William Niskanen of the Cato Institute, who headed the Council of Economic Advisors under President Reagan.

Niskanen sees the Texas Republican's increasing influence as stemming from the continued economic weakness. "To this extent, Ron Paul gains voice," he said.

Paul would go a lot further in cutting back the government's role than even free-marketers like Niskanen support. If Paul had it his way, for instance, he would do away with the Fed entirely. In his bestselling book "End the Fed," he lambasted the central bank as an "immoral, unconstitutional . . . tool of tyrannical government."

Such rhetoric might once have been dismissed as extremism.


But Paul's anti-Fed message has drawn broad support because of the central bank's failure to restrain the flood of cheap money and excessive risk-taking in the years leading up to the financial crisis.

It has stirred rallies on college campuses and supportive commentaries from Wall Street pundits. More than 300 representatives in Congress have embraced Paul's ideas for reining in the Fed.

The response "is even more than I ever dreamed," Paul said in an interview, reminiscing about one evening during his 2008 White House run when University of Michigan students chanted "End the Fed" and burned dollar bills.

Paul, a skinny 74-year-old with a hangdog expression, understands that historical circumstances have thrust his ideas to the fore. "An intellectual fight is going on," he said.

Paul traces his economic views to his frugal upbringing in Pittsburgh at the tail end of the Depression. He saved pennies from delivering newspapers and helping out his father's small dairy business.

And his first economics class at Gettysburg College was an eye-opener, Paul said. When a professor explained how banks keep only a tiny part of their deposits on hand and earn money by lending out the rest, Paul discovered one of the "tricks" of the financial system.

Beyond that, Paul's ideas are grounded in the work of economic thinkers from an earlier era who focused on problems similar to those besetting the U.S. today.

In particular, Paul is a disciple of Ludwig von Mises, an Austrian theorist born at the end of the 19th century who contended that government intervention in an economy would fail because free markets were better at allocating resources and fueling growth.

Having lived through Germany's devastating hyperinflation in the early 1920s, which helped pave the way for Hitler, Mises wrote long before the Great Depression that over-generous credit policies would encourage excessive borrowing, creating a boom and then a bust.

Mises' ideas became central to what is known as the Austrian School of economics, which emphasized tight controls on credit and money supply, a strategy that discouraged financial ups and downs but tended to slow growth.

By 1940, when Mises arrived in America, most Western economists had embraced the competing theories of Britain's John Maynard Keynes, who called for government to stimulate the economy by spending on infrastructure and cutting interest rates.

Obama has largely followed the Keynesian script, as President George W. Bush did when the economic crisis broke.

Paul's once-lonely espousal of the Austrian School's ideas has gotten new impetus from conservative economists and Republican political strategists.

"A lot of good ideas were shoved aside because of the Depression and the rise of the Keynesian view of the world," said George Selgin, an economics professor at the University of Georgia.

Paul contends that Austrian economics explains the most recent financial meltdown: "It says if you inflate too much, if you have no restraint on monetary authorities, you're going to bring on a crisis." Now, Paul says, administration policies are leading the country toward disaster.

Selgin and many mainstream economists agree that pumping too much money into the economy can lead to trouble, but they say Paul goes too far.

In the 1930s, say Selgin and many other economists, including Fed Chairman Ben Bernanke, the U.S. economy began pulling out of the Depression thanks to federal easing of monetary policy.

The economy tipped back into depression after the reins were tightened too soon.

"In this aspect of the monetary system, he's just blown it," Selgin said of Paul.

However, like Mises, whose portrait hangs on his Washington office wall, Paul is intransigent, and that has earned him an ardent following.


"His views are strong and hardheaded, but you've got to stand firm or you'll get blown over in this world," said Mark Skousen, editor of the newsletter Forecasts & Strategies and a former economics professor at Columbia University.


-- Don Lee


Photo: Larry Downing / Reuters; Orlin Wagner / Associated Press; Associated Press (Paul argues with Mike Huckabee in a GOP primary debate).


 


style="text-align: center;">

/> [style="text-decoration: underline;">Ed. note: This post is authored by Evan Jowers and Robert Kinney of Kinney Recruiting, sponsor of the Asia Chronicles. Kinney has made more placements of U.S. associates and partners in Asia than any other firm in the past four years. You can reach them by email: asia at kinneyrecruiting dot com.]

Evan here. If you are a transactional associate at a top US firm and your name happens to be of Asian origin, especially of Chinese background, then you are probably receiving multiple cold calls per day from recruiters. After all the Asia lateral biglaw markets, especially HK / China are red hot now and it is of course very easy to compile a list of top US firm associates with Asian names.

Keep in mind that there can be very negative consequences in giving control of such an important career move and job search to someone calling you out of the blue (no matter how many times they may call). We often get calls from very well qualified US associates with sad tales of at worst their resume being plastered unauthorized all over China or other Asia markets; or at best only authorized submissions (thankfully) but realizing their recruiter has done little more than emailing their resume to begin with and is unresponsive for weeks.

It is important to note that your resume is a very valuable commodity to recruiters calling you. When you are placed at a law firm, the recruiter who submitted your resume is typically paid (by the law firm) 25 to 30% of your starting base salary. Thus, the recruiters cold-calling you have a big incentive to get a hold of your resume and email it to law firms, with or without your authorization (believe it or not, some biglaw recruiters in Asia are known to be even less ethical than the worst of the lot in the US). Once your resume has been submitted to a law firm, the recruiter who did so “owns” your candidacy there for at least six months. Further, when your resume has been submitted without your authorization, it will take an affidavit from you to the target firm explaining such for the submission to be reversed (and basically that is you explaining to the firm that you did not know you even applied there, which can of course cool off any motivation of that firm to continue to want to interview you, and the unethical recruiter is counting on you to thus not take that route).

We try to think that a lot of recruiters do not take such unethical steps, but please note that even the most well-intentioned recruiters trying to break into the Asia markets are more often than not woefully inexperienced with such lateral placements (and even most of those with some experience have never been more than resume pushers).id="more-49277">

We recommend that you make sure you are represented by a recruiter who is willing and able (has the experience necessary in your target market) to act as your agent, instead of just someone who is only able and / or willing to email your resume to firms. You should be pro-actively looking for an agent (we recommend interviewing prospective agent / recruiters months before you start your search when possible), not simply handing your search over to a headhunter that happens to be calling with the earth shattering news that they know, for example, of firms in China that have openings for Mandarin fluent US associates in cap markets and M&A (almost every top US and UK firm in HK / China has such openings), or that the sky is blue.

The question you should be asking is not whether there are openings and whether you would be very competitive candidate for such spots (yes and yes), but whether the person calling you is best suited for representing you.

At the very least, make sure the recruiter cold-calling you can:

a) Provide at minimum 10 references of US associates they have actually placed in your target market in Asia (I could easily provide 50, as 10 is a very small and unimpressive number, but should be a minimum guideline to figure out if the recruiter actually has a history of successfully placing US associates in your target market); and

b) Is able to discuss in great detail each roles you may consider targeting, including details regarding the relevant partners involved (does the recruiter even have a business relationship with the particular partners making the hire), including their personality, practice area, and plans for growth. I usually refer to this as the “3 hour rule”, in that if you get the impression that the recruiter could not talk non-stop about your target market for about 3 hours, then move on to the next recruiter (does not mean you actually have to listen to them for 3 hours).

It can be a lengthy process to find the right fit lateral spot in Asia, especially if you are moving from the US. It is much more complex than simply moving down the street to another big office. Instead you are moving to a much smaller office, smaller group, a place where you will have a lot more responsibilities with clients and where your personality fit with your primary supervising partner will be key (not only for progression at your new firm, but also for the foundation of your career in your target Asian market).

It is also a very exciting move and you deserve to be working with an agent / recruiter (rather than headhunter / recruiter) who is excited about helping you and the firms / partners he is recruiting for in Asia; who is excited to be invested in your career for the long-term; not focused on a recruiting fee (is willing to give advice not corresponding with recruiter being paid if that is the best advice); and who is capable (actual long-term experience with the market and similar lateral moves) of giving you the best advice and guidance.

Our team at Kinney can of course do a great job for you on an Asia job search. We know a handful of recruiters outside our recruiting firm as well whom we can recommend and are happy to do so. If unfortunately you have gone down the road already of being represented by a headhunter (instead of an agent) and you need advice, feel free to get in touch with us as well. While we can’t represent you at your target firms in such situations (remember, your headhunter already “owns” your candidacy at any firm contacted for at least 6 months), we are happy to give you advice and guidance regarding job search strategy and which offer to take (we have helped numerous US associates in such situations, including helping them negotiate their comp packages).


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Michelle Ryan and a Brief History of the Foot Fetish - AOL <b>News</b>

Foot fetish videos believed to feature Michelle Ryan, the wife of New York Jets Coach Rex Ryan made the rounds on the Internet on Wednesday, and Surge Desk dug up some interesting facts on what Sigmund Freud termed.

<b>News</b> Conference by The President | The White House

News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

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shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...


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Michelle Ryan and a Brief History of the Foot Fetish - AOL <b>News</b>

Foot fetish videos believed to feature Michelle Ryan, the wife of New York Jets Coach Rex Ryan made the rounds on the Internet on Wednesday, and Surge Desk dug up some interesting facts on what Sigmund Freud termed.

<b>News</b> Conference by The President | The White House

News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

Fox <b>News</b> Dubs Elie Wiesel &#39;Holocaust Winner&#39;

shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...


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Michelle Ryan and a Brief History of the Foot Fetish - AOL <b>News</b>

Foot fetish videos believed to feature Michelle Ryan, the wife of New York Jets Coach Rex Ryan made the rounds on the Internet on Wednesday, and Surge Desk dug up some interesting facts on what Sigmund Freud termed.

<b>News</b> Conference by The President | The White House

News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

Fox <b>News</b> Dubs Elie Wiesel &#39;Holocaust Winner&#39;

shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...


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Michelle Ryan and a Brief History of the Foot Fetish - AOL <b>News</b>

Foot fetish videos believed to feature Michelle Ryan, the wife of New York Jets Coach Rex Ryan made the rounds on the Internet on Wednesday, and Surge Desk dug up some interesting facts on what Sigmund Freud termed.

<b>News</b> Conference by The President | The White House

News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

Fox <b>News</b> Dubs Elie Wiesel &#39;Holocaust Winner&#39;

shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...


bench craft company scam

Michelle Ryan and a Brief History of the Foot Fetish - AOL <b>News</b>

Foot fetish videos believed to feature Michelle Ryan, the wife of New York Jets Coach Rex Ryan made the rounds on the Internet on Wednesday, and Surge Desk dug up some interesting facts on what Sigmund Freud termed.

<b>News</b> Conference by The President | The White House

News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

Fox <b>News</b> Dubs Elie Wiesel &#39;Holocaust Winner&#39;

shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...


bench craft company scam

Michelle Ryan and a Brief History of the Foot Fetish - AOL <b>News</b>

Foot fetish videos believed to feature Michelle Ryan, the wife of New York Jets Coach Rex Ryan made the rounds on the Internet on Wednesday, and Surge Desk dug up some interesting facts on what Sigmund Freud termed.

<b>News</b> Conference by The President | The White House

News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

Fox <b>News</b> Dubs Elie Wiesel &#39;Holocaust Winner&#39;

shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...


bench craft company scam

Michelle Ryan and a Brief History of the Foot Fetish - AOL <b>News</b>

Foot fetish videos believed to feature Michelle Ryan, the wife of New York Jets Coach Rex Ryan made the rounds on the Internet on Wednesday, and Surge Desk dug up some interesting facts on what Sigmund Freud termed.

<b>News</b> Conference by The President | The White House

News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

Fox <b>News</b> Dubs Elie Wiesel &#39;Holocaust Winner&#39;

shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...


bench craft company scam

Michelle Ryan and a Brief History of the Foot Fetish - AOL <b>News</b>

Foot fetish videos believed to feature Michelle Ryan, the wife of New York Jets Coach Rex Ryan made the rounds on the Internet on Wednesday, and Surge Desk dug up some interesting facts on what Sigmund Freud termed.

<b>News</b> Conference by The President | The White House

News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

Fox <b>News</b> Dubs Elie Wiesel &#39;Holocaust Winner&#39;

shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...


bench craft company scam

Michelle Ryan and a Brief History of the Foot Fetish - AOL <b>News</b>

Foot fetish videos believed to feature Michelle Ryan, the wife of New York Jets Coach Rex Ryan made the rounds on the Internet on Wednesday, and Surge Desk dug up some interesting facts on what Sigmund Freud termed.

<b>News</b> Conference by The President | The White House

News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

Fox <b>News</b> Dubs Elie Wiesel &#39;Holocaust Winner&#39;

shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...


bench craft company scam

Michelle Ryan and a Brief History of the Foot Fetish - AOL <b>News</b>

Foot fetish videos believed to feature Michelle Ryan, the wife of New York Jets Coach Rex Ryan made the rounds on the Internet on Wednesday, and Surge Desk dug up some interesting facts on what Sigmund Freud termed.

<b>News</b> Conference by The President | The White House

News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

Fox <b>News</b> Dubs Elie Wiesel &#39;Holocaust Winner&#39;

shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...


bench craft company scam