REALITYCHEX.COM - Constant Comments - The Commentariat -- December 1

The Ledes

Thursday, February 27, 2025

CNBC: “Initial filings for unemployment benefits hit their highest level of the year last week in another potential signs of weakness in the labor market. Jobless claims for the week ended Feb. 22 totaled a seasonally adjusted 242,000, up 22,000 from the previous week’s revised level and higher than the Dow Jones estimate for 225,000, according to a Labor Department report Thursday. The level of claims matched the highest since early October 2024 and comes amid questions over broader economic growth and worrying signs in recent consumer sentiment surveys.”

CNBC: “High mortgage rates and elevated home prices combined to crush home sales in January. Pending sales, which are based on signed contracts for existing homes, dropped 4.6% from December to the lowest level since the National Association of Realtors began tracking this metric in 2001. Sales were down 5.2% from January 2024. These sales are an indicator of future closings.”

New York Times: “Gene Hackman, who never fit the mold of a Hollywood movie star, but who became one all the same, playing seemingly ordinary characters with deceptive subtlety, intensity and often charm in some of the most noted films of the 1970s and ’80s, has died, the authorities in New Mexico said on Thursday. He was 95. Mr. Hackman and his wife were found dead on Wednesday afternoon at a home in Santa Fe., N.M., where they had been living, according to a statement from the Santa Fe County Sheriff’s Department. Sheriff’s deputies found the bodies of Mr. Hackman; his wife, Betsy Arakawa, 64; and a dog, according to the statement, which said that foul play was not suspected.” ~~~

~~~ Update. New York Times: “An investigation was underway on Thursday after the prolific actor Gene Hackman and his wife, Betsy Arakawa, were found dead along with their dog at a house in New Mexico, the local authorities said. The bodies of Mr. Hackman, 95, and Ms. Arakawa, 64, were found by sheriff’s deputies in the Hyde Park neighborhood of Santa Fe on Wednesday afternoon, the Santa Fe County Sheriff’s Office said in a statement. The couple had lived in the Santa Fe area for years. Sheriff Adan Mendoza of Santa Fe County said in a phone interview that an associate of Mr. Hackman and his family had placed an emergency call on Wednesday afternoon after discovering the bodies of the actor and his wife.”

New York Times: “Michelle Trachtenberg, a touchstone of millennial youth culture who grew up onscreen, rising to fame as a troubled teenager on the supernatural 1990s series 'Buffy the Vampire Slayer' and as a conniving young socialite on 'Gossip Girl,' was found dead on Wednesday in Manhattan. She was 39. The New York Police Department said in a statement that officers, responding to a 911 call just after 8 a.m. on Wednesday, found Ms. Trachtenberg unconscious and unresponsive in a Manhattan apartment. She was pronounced dead by emergency medical workers, who had also responded.”

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Public Service Announcement

Zoë Schlanger in the Atlantic: "Throw out your black plastic spatula. In a world of plastic consumer goods, avoiding the material entirely requires the fervor of a religious conversion. But getting rid of black plastic kitchen utensils is a low-stakes move, and worth it. Cooking with any plastic is a dubious enterprise, because heat encourages potentially harmful plastic compounds to migrate out of the polymers and potentially into the food. But, as Andrew Turner, a biochemist at the University of Plymouth recently told me, black plastic is particularly crucial to avoid." This is a gift link from laura h.

Mashable: "Following the 2024 presidential election results and [Elon] Musk's support for ... Donald Trump, users have been deactivating en masse. And this time, it appears most everyone has settled on one particular X alternative: Bluesky.... Bluesky has gained more than 100,000 new sign ups per day since the U.S. election on Nov. 5. It now has over 15 million users. It's enjoyed a prolonged stay on the very top of Apple's App Store charts as well. Ready to join? Here's how to get started on Bluesky[.]"

Washington Post: "Americans can again order free rapid coronavirus tests by mail, the Biden administration announced Thursday. People can request four free at-home tests per household through covidtests.gov. They will begin shipping Monday. The move comes ahead of an expected winter wave of coronavirus cases. The September revival of the free testing program is in line with the Biden administration’s strategy to respond to the coronavirus as part of a broader public health campaign to protect Americans from respiratory viruses, including influenza and respiratory syncytial virus (RSV), that surge every fall and winter. But free tests were not mailed during the summer wave, which wastewater surveillance data shows is now receding."

Out with the Black. In with the White. New York Times: “Lester Holt, the veteran NBC newscaster and anchor of the 'NBC Nightly News' over the last decade, announced on Monday that he will step down from the flagship evening newscast in the coming months. Mr. Holt told colleagues that he would remain at NBC, expanding his duties at 'Dateline,' where he serves as the show’s anchor.... He said that he would continue anchoring the evening news until 'the start of summer.' The network did not immediately name a successor.” ~~~

~~~ New York Times: “MSNBC said on Monday that Jen Psaki, the former White House press secretary who has become one of the most prominent hosts at the network, would anchor a nightly weekday show in prime time. Ms. Psaki, 46, will host a show at 9 p.m. Tuesday through Friday, replacing Alex Wagner, a longtime political journalist who has anchored that hour since 2022, according to a memo to staff from Rebecca Kutler, MSNBC’s president. Ms. Wagner will remain at MSNBC as an on-air correspondent. Rachel Maddow, MSNBC’s biggest star, has been anchoring the 9 p.m. hour on weeknights for the early days of ... [Donald] Trump’s administration but will return to hosting one night a week at the end of April.”

New York Times: “Joy Reid’s evening news show on MSNBC is being canceled, part of a far-reaching programming overhaul orchestrated by Rebecca Kutler, the network’s new president, two people familiar with the changes said. The final episode of Ms. Reid’s 7 p.m. show, 'The ReidOut,' is planned for sometime this week, according to the people, who were not authorized to speak publicly. The show, which features in-depth interviews with politicians and other newsmakers, has been a fixture of MSNBC’s lineup for the past five years. MSNBC is planning to replace Ms. Reid’s program with a show led by a trio of anchors: Symone Sanders Townsend, a political commentator and former Democratic strategist; Michael Steele, a former chairman of the Republican National Committee; and Alicia Menendez, the TV journalist, the people said. They currently co-host 'The Weekend,' which airs Saturday and Sunday mornings.” MB: In case you've never seen “The Weekend,” let me assure you it's pretty awful. ~~~

~~~ AP Update: "Joy Reid is leaving MSNBC, the network’s new president announced in a memo to staff on Monday, marking an end to the political analyst and anchor’s prime time news show."

Y! Entertainment: "Meanwhile, [Alex] Wagner will also be removed from her 9 pm weeknight slot. Wagner has already been working as a correspondent after Rachel Maddow took over hosting duties during ... Trump’s first 100 days in office. It’s now expected that Wagner will not return as host, but is expected to stay on as a contributor. Jen Psaki, President Biden’s former White House press secretary, is a likely replacement for Wagner, though a decision has not been finalized." MB: In fairness to Psaki, she is really too boring to watch. On the other hand, she is White. ~~~

~~~ RAS: "So MSNBC is getting rid of both of their minority evening hosts. Both women of color who are not afraid to call out the truth. Outspoken minorities don't have a long shelf life in the world of our corporate news media."

New York Times: “Chuck Todd, the former 'Meet the Press' moderator and a longtime fixture of NBC’s political coverage, told colleagues on Friday that he was leaving the network. A nearly two-decade veteran of NBC, Mr. Todd said that Friday would be his last day at NBC.... Mr. Todd, 52, is the latest TV news star to step aside at a moment when salaries are being scrutinized — and slashed — by major media companies. Hoda Kotb exited NBC’s 'Today' show this month, and Neil Cavuto of Fox News and CNN’s Chris Wallace departed their cable news homes late last year.”

CNBC: “ CNN plans to lay off hundreds of employees Thursday [Jan. 23] as it refocuses the business around a global digital audience.... The layoffs come as CNN is rearranging its linear TV lineup and building out digital subscription products. The cuts will help CNN lower production costs and consolidate teams, said the people, who spoke on the condition of anonymity to discuss nonpublic changes. Certain shows that are produced in New York or Washington may move to Atlanta, where production can be done more cheaply, said the people. For the most part, the job cuts won’t affect CNN’s most recognizable names, who are under contract, said the people. CNN has about 3,500 employees worldwide.... NBC News is also planning cuts later this week, according to people familiar with the matter who spoke on the condition of anonymity to discuss nonpublic changes. While the exact number couldn’t be determined, the job losses will be well under 50....”

Page Links

Tuesday

Nov302010

The Commentariat -- December 1

Politico: "House Republicans will scrap the committee set up by Speaker Nancy Pelosi to investigate global warming, the panel’s top Republican announced Wednesday. Rep. Jim Sensenbrenner (R-Wis.) made official what many had already expected — the GOP majority will axe the Select Committee on Energy Independence and Global Warming...."

Bloomberg News: "The Federal Reserve, under orders from Congress, today named the counterparties of about 21,000 transactions from $3.3 trillion in aid provided to stem the worst financial panic since the Great Depression." ...

New York Times: "The Obama administration is rescinding its decision to expand offshore oil exploration into the eastern Gulf of Mexico and along the Atlantic Coast because of the BP oil spill, administration officials said Tuesday."

President Obama meets with Gen. Colin Powell:

Bruce Bartlett of Capital Gains & Games on an "important" economic speech by Republican Rep. Mike Pence, who is likely to run for governor of Indiana: "Pence's speech ... was a hackneyed rehash of every simplistic idea ever floated on Larry Kudlow's TV show, which appears to be the only source of information Pence has on the economy. I don't know how else to explain his obsession with inflation, a strong dollar, Fed bashing, tax cuts and the gold standard."

Sen. Chris Dodd sings his swan song:

Politics as Criminal Exercise. Michael Scherer of Time on the Tom DeLay verdict: "In Washington, it is widely assumed that the difference between bribery and proper business practices is not being stupid: Don't write down any evidence of a quid pro quo. Always maintain plausible deniability. Always maintain that financial backscratching is a result of deep respect, mutual admiration and altruism, not transactional value."

Shailagh Murray & Perry Bacon of the Washington Post on yesterday White House meeting with Congressional leaders: "... according to people in the room, both sides engaged in the kind of cross-party dealmaking that seems to have faded away in today's Washington. The participants emerged smiling and with a loose framework - though they did not outline it publicly - that could result in the temporary extension of all the tax cuts, as well as the ratification of a nuclear arms treaty with Russia, the continuation of unemployment benefits and funding for government operations into next year." ...

... Dana Milbank was less impressed with the non-results: "Boehner, in his news conference, wasn't unduly optimistic as he explained: 'We had a very nice meeting today. Of course, we've had a lot of very nice meetings....' That was about the time Obama began his competing statement, which included a lament about the 'hyperpartisan climate' in which 'both sides come to the table. They read their talking points. Then they head out to the microphones, trying to win the news cycle instead of solving problems.' Obama called that 'a game that we can't afford.' The statement might have carried more weight if Obama hadn't just preempted his opponents' news conference." ...

... So was David Leonhardt of the New York Times: "Much of the recent commentary about the tax cuts has skipped over this political reality." Leonhardt goes into what the limited Democratic options are, but his bottom line is that -- once again -- they will cave to Republicans. ...

... Sam Stein: Obama outsources negotiations with Republicans, Democrats are in their usual disarray & Schumer touts his million-dollar deal.

... Let's factor in this AP story in today's news: "Senate Republicans intend to block action on virtually all Democratic-backed legislation unrelated to tax cuts and government spending in the current postelection session of Congress." ...

... Update: here's the Republican leaders' hostage letter, now signed by all 42 Senate Republicans.

... Jena McGregor of the Washington Post: "Never mind that Senate Republicans have obstinately fought most Democratic legislation for the past two years already. Now they want to make it official. Whether it's a political gimmick or a real effort to force a focus on urgent deadlines, the letter sets aside a reality of productive leadership we expect from the people we elect."

Jackie Calmes & Peter Baker of the New York Times: "The chairmen of President Obama’s debt-reduction commission have been unable to win support from any of the panel’s elected officials for their proposed spending cuts and tax increases, underscoring the reluctance of both parties to risk short-term political backlash in pursuit of the nation’s long-term fiscal health. The chairmen of the commission ... delayed for two days, until Friday, a final vote by its 18 members."...

... Here's a pdf of the report, via Firedoglake.

... AP Update: "A tough new cost-cutting playbook submitted by the co-chairmen of President Barack Obama's deficit commission has been embraced by Sens. Kent Conrad and Judd Gregg, the first two elected officials to endorse it."

... Paul Krugman: "Bowles-Simpson, the revision, is out. It has not improved." ...

... Matt Yglesias: "Surely the strangest thing about the Bowles-Simpson debt reduction plan is that, relative to current law, it . . . increases the public debt load over the next ten years.... Barack Obama saying 'I will veto any laws that increase the deficit relative to current law' would do more to reduce the debt over the next 2 or 6 years than would adopting Simpson-Bowles."

Richard Stengel of Time interviews Julian Assange. ...

... Glenn Greenwald on the attacks on WikiLeaks founder Julian Assange. ...

... Edward Djerjian & Christoper Bronk of Foreign Policy: "While the Times has worked with the Obama administration to remove information of potential harm to national security, unredacted release of the cables by WikiLeaks may hold a cost measured in lives.... The leak of U.S. diplomatic cables may well produce an environment in which American diplomats will be shut out of confidential exchanges and the decision-making processes of U.S. allies and friends around the globe."

Millionaires Club, Washington Chapter. Erika Lovely & Jake Sherman of Politico: more than a quarter of the new Republicans coming to Congress are millionaires.

George W. Bush, in a Washington Post op-ed, recounts progress, particularly in sub-Saharan Africa, on the U.S.'s fight against AIDS but says more must be done.

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