Monday, January 6, 2014

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"Predictably,the mangled pop-culture reference preoccupied the Twitterverse,but the president's protest raised a serious question: what is his plan of action??What's the point of calling a Friday Come to Jesus meeting on the day sequestration kicks in,while Congress has already high-tailed it home?Let's start by giving President Obama the benefit of the doubt—namely that there is a strategy in place.Kate Spade On Sale If so,the president is playing a long game,knowing that the sequester cuts are just the first of a series of fiscal cliffs the country is scheduled to face this spring,with the government set to need a continuing resolution at the end of March to avoid shutdown and a debt-ceiling collision set for mid-May.
 Clegg says the government wants to encourage universities to recruit on the basis of potential, not just on the basis of A-level results.Now it may surprise the non-Brits among you to learn that in some quarters, the idea of carefully taking into account the impact of background in assessing university applications has been painted by some as a dangerous piece of revolutionary socialism.But far from dumbing down, it's about increasing opportunity to achieve excellence.There is compelling evidence that translation of ability into attainment is affected by your social and educational background. A study at the University of Bristol showed that state school educated children with top A-levels were 50% more likely to get first-class degrees than privately educated children with the same grades.
South Carolina's Battle of the Sanfords? Our friend Jeb Golinkin writes:Mark Sanford is apparently considering putting his hat in the ring. Meanwhile,John Avlon's got Jenny Sanford as a possible candidate. Now how entertaining would THAT be.In the movies of course,Mark and Jenny Sanford would both lose their races - but fall back in love with each other. Why can't life be like that?A Manifesto for Disorder: Nassim Nicholas Taleb's ‘Antifragile' Reviewed Nassim Nicholas Taleb has little tolerance for,well,a lot of things. But,as his latest book demonstrates,he holds a particular grievance against the mediocre,the safe middle ground,and most forms of moderation. ‘Antifragile: Things That Gain from Disorder' by Nassim Nicholas Taleb.
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9 billion. Buoyed by steady consumption and the high global price of crude oil,ExxonMobil posted a net profit of about $6.86 billion—just barely behind. Midday Thursday,ExxonMobil’s stock-market capitalization was about $407.5 billion,just below Apple’s $414 billion. ExxonMobil may be an old-school,capital-intensive resource company,but it is churning out results that rival those of Apple. Over the past year,as shown on the chart,ExxonMobil’s stock has managed to climb steadily,while Apple is subject to much more fluctuation.Next time you think that new technology commands the market in this country,think again. ExxonMobil has been here a lot longer,and big oil isn’t going anywhere—at least not yet.
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 (John Bryson//Time Life Pictures/Getty)That was the advice a TV producer offered a friend of mine newly started in the industry. That advice seems old-fashioned in these days of the highly opinionated TV host. Jon Stewart,Rachel Maddow,Oprah Winfrey,Sean Hannity:Kate Spade Clutch Each in his or her own way plays both sides of the tennis net.So perhaps what we were mourning in the passing of David Frost was the passing of a style of a TV era: the era of TV as a public forum,before it divided into dozens of Beirut-style mutually hostile enclaves.This may explain why so much of the commentary about Frost's life hinted (sometimes delicately,sometimes not so delicately) that this famed interviewer was less-than-spectacularly-successful at his job.