The global economy is melting down, and a frighteningly high number of Americans are losing their jobs, their homes, their pensions, and their minds. And it's banks and hedge funds that are getting "stimulated."
We have a black president — can you imagine! — and even though he's relying on a disheartening number of the Clinton Era's schnooks and more conservative advisers (like Tim Geithner), he's smart, charismatic, and serious-minded, unlike George W. Bush.
But Barack Obama's task is more than daunting: He'll be delivering the worst economic news Americans have heard in 70 years — he's already calling this "the lost decade" — in addition to trying to solve problems that no other president has had to face.
Ultimately, the Yankee Rodriguez is a coward for not coming clean in front of Selena Roberts, who broke the story and has already enshrined him in baseball's Hall of Shame.
And if this is the big news, then jeers to the biggest sports-news organization, ESPN, for allowing Rodriguez to give his confession to Pete Gammons, a high priest of the game among sportswriters and a powerful figure to whom players have to genuflect.
If you were Selena Roberts — who had uncovered the steroid scoop (to Rodriguez's dismay) for Sports Illustrated, you would have the right to be pissed off that you didn't get a chance to confront Rodriguez yourself. After all, you were the lead writer of the story and Rodriguez not only wouldn't talk to you but accused you of "stalking" him and worse.
Gammons, who would go easier on Rodriguez because his goal is to protect the game instead of reporting on it, was a perfect choice for Rodriguez and ESPN, which not only ostensibly covers baseball but directly makes millions by broadcasting and touting it.
It's hard to believe that Rodriguez didn't get to choose his father confessor. And it's too bad that he got to choose, because Roberts, not Gammons, was the one armed with the information that would enable a reporter to call "bullshit" on what Rodriguez said.
You can bet that Roberts, a sportswriter who doesn't specialize in jocksniffing, probably knows more than any other reporter because she dug out the facts of Rodriguez's admission that he used steroids, but only from 2001 to 2003. She no doubt spoke with some of his teammates or at least insiders from that period. So there's a big difference between his having to face Gammons's softballs or Roberts's informed questions (the latter of which he hasn't addressed as I write this).
In any case, even with Gammons, Rodriguez's truth-telling is questionable. And assuming he is telling the truth about his steroid use and his feelings about it at he time, his current perspective on it is quite telling. It helps explain why his teammates have never been particularly fond of him.
Obsessed with his image, Rodriguez tells Gammons that he had "the greatest year of my career" in 2007. And that's the problem. In team sports, as fired Jets and Chiefs coach Herm Edwards famously said, "You play to win the game!"
Rodriguez hasn't delivered a championship to fans in the Bronx, so his "greatest year" doesn't mean much. He's all about himself, in a team sport with a long, long season in which players spend more time with their teammates than they do with their families. And teammates and fans see his selfishness.
As George Vecseypoints out in this morning's Times, Rodriguez even had the temerity to rip Derek Jeter before he joined the Yankees, and Jeter — whose stats pale beside Rodriguez's — is widely seen by fans and teammates as the ultimate team player, especially because he doesn't seem obsessed with his stats.
[Correction: An earlier version of this story mistakenly said Selena Roberts works for ESPN, the same outlet as Pete Gammons. She doesn't.]
And now on to other news that might take your mind off the vitally important question of whether Rodriguez's use of steroids will doom his chances of being elected to the Hall of Fame in Cooperstown...
In his first White House news conference, Obama called for an about-face in the nation's philosophy on government's role in the marketplace as he pushed for passage of the biggest economic rescue package ever put before Congress.
Former President Jimmy Carter, out with a new book about achieving peace between Israelis and Palestinians, speaks with the Forward about the fallout from the recent war in Gaza, how his faith informs his views on the Middle East, and why he thinks Israel must talk to Hamas.
JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp. are among lenders cutting back on $1.6 trillion of credit lines as they face increased demand for loans that threaten to drain capital.
Growing up in an Orthodox household in Brooklyn and attending religious schools, Yavilah McCoy, the daughter of two Jewish converts, identified strongly with Judaism. But because she is black, her religious authenticity was sometimes called into question.
When David Letterman, the late-night TV host, needed a scientist to explain climate change on his show last April, he chose John Holdren, the Harvard University physicist who helped Al Gore earn an Academy Award.
A Hasidic Jew charged with rape and child pornography will stay jailed at least until tomorrow as lawyers argue over whether a $50,000 bail bond posted by his brother-in-law is legit...
Stocks look set to start out modestly lower as investors cast their eyes to Washington, awaiting revamped bank-rescue plan, a final Senate vote on stimulus package and testimony by Fed's Bernanke.
The pot's calling the kettle black: The New York Times runs a Reuters story this afternoon about Rupert Murdoch's News Corp. posting an $8.4 billion writedown on the advertising-challenged Wall Street Journal and other properties.
The Times, as we know, is in even worse shape and has even reached out to Mexican billionaire Carlos Slim.
Nevertheless, the snooty paper of record neglected to mention its own troubles — while it saw fit to mention the woes of other media corpses:
News Corporation is the latest media conglomerate to report gloomy financial results as advertisers slash their budgets in the weak economy.
This week, Time Warner posted a $16 billion quarterly net loss because of a write-down, and the Walt Disney Company posted a sharply lower-than-expected profit in part because of poor TV ad and DVD sales.
The bad news for the Wall Street Journal — the best piece of Murdoch property other than The Simpsons — is that it's apparently dragging down the whole thing.
Meanwhile, if you want to learn more about the Times's own troubles, read this story from Murdoch's Post:
I told you last month that newspapers needed a bailout. But George W. Bush, whose presence on the scene provided mucho grist for the mill, has fled to Texas, and all he left us was this lousy meltdown.
If you hunger for a good snicker and you're somewhat of a news junkie, what's better than a concise roundup of the best Bernie Madoff news stories — the good parts, the adjectives, the apoplexy?
Look no further than a December 22 court document in the case of another Ponzi schemer and Democratic Party fundraiser, Norman Hsu.
The Clinton pal is facing trial in Manhattan Federal Court, but his lawyer is pleading for at least a 60-day delay to let the publicity about Madoff subside. Too prejudicial to Hsu, the lawyer argues.
Hsu's lawyer has a point. As the court papers indicate, the Madoff scandal even prompted the New York Times to proclaim that the country has been "engrossed in an orgy of scandal."
Not sure whether the Times would even know an orgy if it saw one, but yes, we have been getting fucked. No, we haven't been enjoying it.
Reading about it is a lot safer than letting someone like Madoff or Hsu touch you in a "bad" place — like your wallet.
Who would have guessed that, with the end of the disastrous Bush regime in sight, we would have been so gloomy on New Year's Eve 2008?
You'd think this would be a time of celebration, or at least some happy whistling to ourselves as we sweep out Dick Cheney's accumulated droppings from the past eight years.
But the dropping's not done, and the deepest suffering is yet to come, as the fallout from Wall Street's wreckage turns from flurries tonight on Times Square into a blizzard next year throughout the country.
Global warning: It's hot in the Middle East, where bombs are dropping on Gaza (with Mayor Mike Bloomberg's support). And, to put it mildly, it's intemperate elsewhere: Aside from the numerous places like the auto junkyard in Detroit, builders and contractors will soon be dropping even those skilled workers who never drop tools. At this rate, things will be so bad by next Christmas that even Jesus's dad wouldn't be able to get a carpentry gig.
The shakes aren't typically a warning sign of an onrushing depression, but everybody's got them, especially bosses. The city's dropping Snapple from its vending machines, and one of Mike Bloomberg's aides is dropping his feverish P.R. campaign to give Princess Caroline Kennedy
the vacant Senate seat. (See the Post's "MIKE'S AIDE COOLING HIS CAROLINE PUSH."
A whole lotta droppin' goin' on. As usual, few of those who are dropping the ball aren't themselves getting dropped.
And then there are those millions of Americans who wish that Bernie Madoff would simply drop dead. If it does happen, I hope it's on my watch.
Now it turns out, as the Madoff yarn keeps unraveling, that his outrageous behavior is dearly costing a slew of organizations like Human Rights Watch and Human Rights First (see this Bloomberg list), in addition to the big and small charities we already knew about.
So, Happy New Year to civil libertarians everywhere!
Madoff's not the only source of grief. Many journalists are being dropped every day — prompting a jeremiad (in both senses of the word) for Nat Hentoff, a modern-day Jeremiah who I'm pretty sure was a contemporary of the prophet himself. (For Hentoff, I'll drop an IBM Selectric typeball tonight in Times Square; it's the most I can do.)
Whatever you drop, hang onto your laptop. You need it to click on these stories ...
YouTube has removed videos that the Israeli army posted as part of a public relations effort to rally world opinion behind its operation in Gaza.
On December 29, the IDF began posting videos of its aerial strikes. The rationale was that it wanted to support the claim that it is not targeting civilians, but rather Hamas targets -- especially rockets destined for Israel.
You go, Equinox! A Manhattan judge has let the gym chain off the hook in a lawsuit over an infamous spin class that went bad when one spinner attacked another for grunting and yelling things ...
Macy's Inc., Gannett Co. and New York Times Co.'s attempts to prop up their stocks with debt- funded buybacks have left them saddled with higher borrowing costs as they work to pay off loans.
Comparing the coverage by the Times and Wall Street Journal.
Click above for a roundup of the best Blago jokes.
Illinois Governor Rod Blagojevich will name former Illinois AG Roland Burris to fill Barack Obama's Senate seat.
Read the mid-afternoon versions of that breaking story in the New York Times and Wall Street Journal, and it's no contest.
The news is that Blago is naming some Foghorn Leghorn guy to the Senate. You gotta hand it to Gov.-not-for-long Blagojevich; he's cleverly playing the race card by replacing a black senator with another black senator. That should blunt some critics. Maybe.
The race angle is for another story. What's relevant here is the WSJ's third graf:
The choice is likely to face intense scrutiny because the governor faces federal corruption charges. The governor appears to be thumbing his nose at critics who have said the process allowing him to choose Mr. Obama's replacement should be circumvented.
Mr. Blagojevich, who faces federal corruption charges including allegations that he tried to sell Mr. Obama's former senate seat for a high-paying job or money, had not been expected to try to fill the seat. As recently as ten days ago, his lawyer, Edward Genson, said he would not attempt to make an appointment, since Senate leaders had indicated they would not accept anyone whom the beleaguered Mr. Blagojevich had appointed.
The snooty Times thumbs its nose at phrases like "thumbing his nose." The Journal consistently beats the Times at analyzing the facts and giving us the gist in colloquial — or at least lively — English that pols and other crooks use when privately figuring out ways to screw the public.
The WSJ is the best daily in the city, obviously for business news, but also for political news. That's because you don't have to read very far into its stories to get the real skinny. After all, its audience is largely those people who skirt the line between being crooks or just barely legal (according to their own lawyers) sharks.
But even if you're not a shark or otherwise scheming just to make money from money, the Journal's still a great read. Sound, detailed, lucid reporting, with plenty of human-interest angles and vivid descriptions, even of callow business people. The paper's a cheap subscription and has a well-tuned website. Besides, it offers a good way for Americans who can't afford million-dollar apartments to try to understand the nefarious activities of those who can.
Considering that the country is falling into a major depression, you commoners (who, after all, will feel the brunt of it) would be better off reading the Journal than the Times. At least you'll get a more accurate and readable measurement of how far you'll fall.
Both papers, incidentally, are likely to still be publishing a year from now. The same can't be said of other papers.