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“And I want the Republican Party to know
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you always encounter higher sector risk
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And what percent of the giant purchase price was she able to cash out on Day One versus having to wait and presumably be at the mercy of AOL’s declining prospects Although it’s been reported that virtually all of the deal was in cash as opposed to AOL stock I’ve never seen the details published anywhere let alone anything about what independent power she actually has Does her employment contract with AOL have a non-disparagement clause that would see her risk any remaining payout if she gets into a public fight with CEO Tim Armstrong as the water continues to circle the drain at AOL 3 Who’s got the powerThe aftermath of October’s freak snowstorm in the Northeast resulted in the second time in three months that power at our home in Northern Westchester was out for a full week So I became curious about our local utility company It turns out it’s not so local It’s owned by a Spanish power conglomerate called Iberdrola One would think that because electricity can’t be delivered digitally and because electric power – or at least the electric wires running from into our homes – is the one regulated natural monopoly that makes sense that regulators would want electric utilities to be local to assure better service and tighter control (Haven’t we learned from the mortgage banking debacle what happens when all links to a community are erased) But unless I live in Madrid or Barcelona the guy responsible for putting my wires back up on the pole isn’t likely to be my neighborSo how much of our power grid is controlled by national or international conglomerates And again thinking of the local banking analogy does the apparent consolidation of local utilities this way have anything to do with all the cutbacks in maintenance staffs that resulted in the long delays before power at my home and millions of others was restored because we had to wait for borrowed crews to be trucked in from all over the country How widespread is the sharing of these crews across the country and how many job were eliminated The crew that climbed our poles last month was from Conshohocken Pa; the one that finally showed up after Hurricane Irene was from Athens Georgia Which states or municipalities actually regulate these monopolies well Do any require staffing levels to be maintained at certain levels so that power can be restored quickly Do any require fines or refunds to customers after outages Great story it seems for any local or regional news outlet to pursue4 Favoritism for College Athletes:So we now know based on that Penn State football coach Joe Paterno was able to shield his errant players from the usual university disciplinary process Every college newspaper and every newspaper or TV news operation in any city or town where’s there’s a gung-ho campus sport program ought to chase the same story Either way – if the school shields the players or if it doesn’t – it’s bound to be a good copy or TV potentially spiced with details of athlete misconduct and how it was dealt with5 GE Ads: Is This Imagination at Work GE has been running what I think is one of the most effective compelling commercials I’ve seen in a long time It’s the one by introducing us to the people who build these machines and then having them meet the cancer patients whose lives have been saved by them The survivors tell us their stories as they pull up in a bus at a GE factory that presumably builds the machines There are hugs all around among this perfect mosaic of American races and ethnicities as the survivors describe in voiceovers how much it meant to them to meet the workers who saved their lives (“They were so warm and welcoming…and inspirational”)Of course with widespread and expensive medical imaging a likely target of efforts to cut Medicare costs GE’s motive is not simply to make us feel good about our fellow man? electricity,45 percent.A report in 2007 found that during the 1990s top officers in the RUC allowed Protestant paramilitary informers to carry out murders for more than a decade." 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