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POPSImages of the Recession In the 1930's, the U.S. government sent photographer Walker Evans to rural areas, where he documented the Great Depression. The NYT is taking a slightly different photographic twist on this downturn, asking readers the world over to send in their recession-themed photos. It's an interesting use of new media, and a pretty good example of the fact that, as journalism evolves, readers (i.e. not just paid journalists) will become increasingly involved in the creation of the news.
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POPSPrelude to the Auto Deadline From the Journal, a good overview on the state of the auto bailout, as the March 31 viability plan deadline looms for GM and Chrysler.
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POPSAbrogating AIG's Bonus Contracts Very interesting post by Rutgers law professor Anna Gelpern on whether AIG's bonus contracts can be abrogated. In short, the answer is yes. But it's a slippery slope that shouldn't be used "early and often." Check out her analysis.
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POPSThe New Daschle(s) Kansas Gov. Kathleen Sebelius and health care guru Nancy-Ann DeParle are tapped to fill the dual roles in the administration originally slated for former Senate Majority Leader Tom Daschle. While Sebelius, the HHS nominee, will get most of the ink from the media, the one to watch on health care will be DeParle, who is nominated to head the White House Office of Health Reform.
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POPSNew FTC Chairman This is the buried news of the day, but a big deal for FTC watchers. It was expected that Obama was going to name a new chairman, but the delay was starting to puzzle some, particularly as the president weeks ago tapped former FTC commissioner Christine Varney to head the antitrust division of the Department of Justice, the other agency to scrub proposed mergers.
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POPSDefense Winners and Losers Now that President Obama has set a timetable for the wind-down of troops in Iraq and released his first budget overview, it's worth looking at who might win and lose under his defense spending plan. We recently took a stab at it here: http://www.forbes.com/forbes/2009/0202/038.html
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POPS$8,000 In Your Pocket Well, almost. It's a tax credit, not a rebate. And you've got to be a first-time home buyer. Still, it's one of the most popular provisions of the new stimulus act. As good as the tax break sounds, it might have been higher: the Senate's version of the stimulus bill would have included a homebuyer tax credit of $15,000.
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POPSBiting the Hand That Feeds You Interesting analysis from the Center for Responsive Politics. Nearly every member of the House Financial Services Committee, which chastised bank CEOs Wednesday, took campaign contributions linked to those very banks.
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POPSCongress Strikes a Deal on Stimulus The $789 billion bill is as expensive as the version considered by either the House or the Senate. The worry is that it might not do enough to stimulate the economy.
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POPSHow Talent Flees Investment Banks Many readers have asked why retaining talent is such an issue if the government puts in place too strict limits on executive compensation. This article from the Wall Street Journal explores that question.
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POPSA Transparent TARP? We're getting there. The list of banks receiving assistance under the Capital Purchase Program is LONG, Treasury will need to get to work posting those contracts in particular. Why wasn't this done under the Bush administration?
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POPSThe Bailout: Obama's Turn This is going to grow into a much larger story in the coming months. The original $700 billion in TARP money is not nearly enough to grease the credit markets, buy up bad assets and provide foreclosure relief to millions of homeowners. After the inaugural parties, are over, the Obama administration deals with the task of remedying the country's economic hangover. First step: spending the remaining $350 billion in TARP money (actually a little less, because some of it is already spoken for). Why should the Bush administration have all the spending fun?
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POPSAn Insider's Guide to Washington, D.C. Want to experience Obama's Washington? This piece from Helene Cooper at The New York Times is as good an insider's guide as anything out there. It mentions plenty of hot spots where you'll find young Democrats.
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POPSObama, Daschle, and Blagojevich Questions about Obama's (and his staff's) interactions with Blagojevich dominate the news conference. Not surprising. But why did Obama wait so long to officially nominate Daschle, one of the first names floated in the Cabinet-naming process?
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POPSThe Best and the Brightest at DOE This pick would certainly fit in with Obama's pattern of hiring extraordinarily smart people: Chu won the Nobel Prize in Physics in 1997. But can he manage the Department of Energy?
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POPSGoogle Getting in on the Bailout? Not quite. And opening an office in Reston doesn't a) qualify one as a contractor, or b) ensure that the Reston office will be the money making arm of the operation while its Googling cousins on K-street work the levers of power for the company. A more likely reason why Google is opening up an outpost in Virginia: from a tax perspective, it's much cheaper to be there than in D.C. Which is why many contractors are located in that "string of office parks" as well.
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