<![CDATA[Jezebel: wall street journal]]> http://tags.gawker.com/assets/base/img/thumbs140x140/jezebel.com.png <![CDATA[Jezebel: wall street journal]]> http://jezebel.com/tag/wallstreetjournal http://jezebel.com/tag/wallstreetjournal <![CDATA[The "Smart Choices" Food Label Isn't Living Up to Its Name]]> A recent op-ed in the Wall Street Journal takes umbrage at a government investigation into the "Smart Choices" food labeling program claiming "the government wants to criminalize the industry for [helping to curb obesity] in a marketable and profitable way."

Allysia Finley writes:

While the program's creators say that Smart Choices is intended to help consumers make better nutritional decisions, the Attorney General and many consumer protection advocates are questioning the program's nutritional standards and decrying the program as "deceptive" and "potentially misleading"—-namely because a few nutritionally suspect foods like Teddy Grahams, Kraft Cheese crackers and Cocoa Krispies happen to qualify.

Ironically, the program's nutritional standards that Mr. Blumenthal and consumer advocates are questioning are based directly on the USDA's dietary guidelines. For example, calories from fat can't exceed 35% of total calories and sodium content must be less than 480 mg per serving.

Smart Choices is exactly the kind of program that Mr. Blumenthal and consumer advocates should be in favor of since it makes nutritional information more visible to consumers.

Actually, no.

This is like the nutritional equivalent of green washing. Finely tries to show how gallantly Coke is trying to live up to the government's standards by introducing a new 90 calorie mini can of Coke, and plans to highlight calories on the front of the products.

What Finney neglects to mention is that this is something Coca-Cola already does - they unveiled the 100 calorie can with a big bubble on the front announcing the calorie count about two years ago, around the time when the hundred calorie snacks were ruling the world. This isn't being more responsible - it's just a brand refreshing.

It's the same bullshit they pull with cereal commercials:

Part of a "complete breakfast?" ? Whatever. I love Reese's Puffs Chocolate Frosted Sugar Bombs like anyone else, but it is not a nutritious choice. Even though they fortify it with vitamins, it's still crap. Kind of like this op-ed. The government has every right to investigate the labeling of products under "smart choices," especially if the "choices" highlighted are just repackaged junk food.

Fat Police Target Government's Own Nutrition Standards [WSJ]

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<![CDATA[Crazy Like A Fox: Karl Rove Declares Victory In Healthcare Conflict]]> Today's headline made me curse out loud. "The GOP Is Winning the Health-Care Debate," the Wall Street Journal screams. Muttering to myself about talking points, I looked down and saw the byline. Karl Rove? You can't trust that fuckbag!

What is that, The Secret for the GOP? If we say it's so, we make it so? And he's quoting both Gallup polls and Faux News, meaning: I wasted three minutes of my life on this crap.

However, the health care battle continues to rage onward. As we roll towards reconciliation, all of our lawmakers have their eye on one thing: cost. Attempting to make the bill as cost-effective as possible, the House and Senate are both looking at taxation. But who pays?

Legislation emerging from the House would slap a surtax on upper-income people. But many Democrats, especially in the Senate, fear the political fallout over voting to raise anyone's income taxes.

The most prominent Senate bill would impose a tax on insurance companies that provide expensive policies, sometimes dubbed "Cadillac" plans. But labor unions — a powerful force within the Democratic Party — bitterly oppose the idea,
saying the tax would be passed on to workers in the form of higher premiums or shrunken benefits. [...]

Legislation approved by the chamber's Ways and Means Committee would impose an income tax surcharge of up to 5.4% on individuals who make more than $280,000 and on couples with more than $350,000 annual income.

That, however, did not sit well with centrist Democrats and others from high-cost regions. So House Speaker Nancy Pelosi (D-San Francisco) has called for raising the bill's thresholds to $500,000 for individuals and $1 million for couples. [...]

A bill being debated in the Finance Committee would impose a 40% excise tax on insurance companies for plans whose cost exceeds $8,000 for individuals and $21,000 for families.

Proponents argue that such a steep tax would create an incentive for insurance companies and employers to stop providing such expensive plans, thus helping to slow the growth of healthcare costs. And though companies may drop expensive plans, the CBO has said, the proposal nevertheless would raise revenues because it assumes employers who scale back coverage would repay workers by raising salaries or increasing taxable compensation in other ways.

And the battle continues.

In the meantime, here's part of Keith Olbermann's special comment where he illustrates his frustration with health care reform using the tale of his father's journey through the health care system:

Visit msnbc.com for Breaking News, World News, and News about the Economy

The GOP Is Winning The Health-Care Debate [WSJ]
Democrats Face Dilemma On Taxes To Pay For Healthcare [LA Times]

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<![CDATA[Waste Of Space: WSJ Devotes Frontpage Real Estate To Women's Ankles]]> Today's Wall Street Journal has a 1,120 word frontpage story on cankles. There's also video and an "unflattering body part slang" sidebar. It's embarrassing, as is the fact that I have to write about it. [Sorry. -Ed.] Plus:

This marks the the third time we've seen Gold's Gym is get press for its dumbass marketing campaign.

The WSJ piece, at least, includes a history lesson (for example, "bay window" was the term for "gut" in the mid-19th century). Plus, somebody invented a cankles "remedy" that "involves applying Preparation H hemorrhoid cream to the ankle and then wrapping it in an Ace bandage overnight." Ew. Can we just banish fucking "cankles news" now?

For The Body-Conscious, It's Now The Ankle That Rankles [WSJ]

Earlier: Celebrity Trainer Claims She's A "Survivor"
Gold's Gym Hates Your Legs

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<![CDATA[Michelle Obama To Receive Fashion Award; Salma To Do Skincare]]>

  • Michelle Obama will receive a CFDA award — but CFDA president Steve Kolb isn't certain she'll attend. "We'll do whatever we can to get her here, but the award isn't about getting her to come." [AP]
  • The other nominees include: Marc Jacobs, Narciso Rodriguez, and Kate and laura Mulleavy of Rodarte, for women's wear designer of the year; Italo Zucchelli of Calvin Klein and Michael Bastian and Scott Sternberg of Band of Outsiders are up for the men's wear award. Interestingly, the nominees for the Swarovski women's wear award, which celebrates emerging talents, include two designers who shot to acclaim after Michelle Obama wore their dresses: Jason Wu, and Thakoon Panichgul. (Alexander Wang, no lesser light, is the third nominee.) The Council of Fashion Designers of America will host its annual shindig at Lincoln Center — a change of venue from the traditional Bryant Park-adjacent Public Library — on June 15. [WWD]
  • Model Tyson Beckford gave up texting, which he doesn't like to do, for Lent. Someone should maybe tell him how it works... [The Cut]
  • Salma Hayek is reportedly set to debut a range of anti-aging cosmetics. [Daily Express]
  • Naomi Campbell, meanwhile, is organizing a runway show benefit for victims of the Mumbai terror attacks; she'll walk in the show with Bollywood stars, and afterwards the clothes will be auctioned for charity. [WWD]
  • So that's what Jil Sander was doing at the fabric fair in Paris: plotting new looks for Uniqlo! The Japanese fast-fashion giant — picture American Apparel without the cokey company culture and advertisements drenched in ballsweat — has taken on the long-unemployed designer as a kind of creative director with responsibility for all men's and women's apparel. She'll also do a special capsule collection, set to debut this fall, for sale at Uniqlo. [WWD]
  • People say models look angry. I say anyone wearing a neutral expression always looks about 30% more sullen in a still photograph than they do live; anyone who's ever laid eyes on a photograph of themselves going about daily business without a posed smile has probably said the words, "But I look so angry!" Even though you weren't actually angry at the time. It's the same with models! If you want the camera to catch you looking vaguely sweet-faced, you have to kind of ham it up (slightly raise your eyebrows, widen your eyes, drop your bottom lip, purse your mouth like you're about to say something nice). And there's no fucking time for that kind of delicate facial maneuver on the runway. So you walk with a blank face and, yes, sometimes you look angry. Even though you are not. Is that all right with everyone? [The Cut]
  • Scott Schuman's book, to be titled, The Sartorialist, will be released by Penguin this fall. To celebrate it, the Times of London is saying there'll be — what else? — a pop-up shop called Sartorialust selling accessories from pajamas to suspenders inside Barneys New York; Fashionista says the only confirmed store is Colette in Paris. Schuman would love, he says, to consult for a venerable menswear label and make it more modern; he's currently exploring some other kind of deal with Net-a-porter.com and the possibility of writing a style guidebook. [Times of London via Fashionista]
  • Now that the fall collections are over, the Wall Street Journal is shuttering its excellent fashion blog, Heard On The Runway. I hope they don't somehow rate this a higher priority. [WSJ]
  • In her CNN: Revealed documentary, screening this week, Carine Roitfeld goes through options for an upcoming cover featuring Scarlett Johansson (the editor was apparently disappointed the actress had dyed her hair brown before the shoot, since it made her look less recognizable). CNN just released a teaser video, which has footage of the potential cover shot. [Fashionologie]
  • Juicy Couture on 5th Ave. certainly has some imaginative window dressers: their current offering features one mannequin on its hands and knees, in that awkward doesn't-quite-bend mannequinly way, wearing a saddle. Another stands over it, holding a riding crop, in case you didn't get it. Do they think this will sell sweats? [Racked]
  • Singer Adele, whom Anna Wintour styled for the Grammys and had Annie Leibovitz photograph for Vogue's "Shape" issue, says she would have walked the red carpet in a "jumper" if Anna hadn't rang. "Anna! As if we're on that level! I hate fashion! I had to tell her I've got four bums..." She took Vogue editor Hamish Bowles, her Grammys date, out for In N Out after the ceremony. [Grazia]
  • JC Penney, the Humane Society has announced, has gone fur free. By which the company means they currently have no fur items and no plans to sell any in future. It's as if McDonalds went "cruelty-free" by announcing that they are definitely never going to serve any foie gras. [HSUS]
  • A Swedish company owns the rights to Gucci's iconic double-G logo, at least in Sweden, a patent court there has found. Fishy. [UPI]
  • Various brands, including Lacoste and Coach, are planning price cuts for the coming seasons. They hope to prevent retailers from having to make steep discounts of their own, as happened last year, because seeing something expensive marked down by 70% makes customers question whether the item was ever worth its original price. Lowering the original price by 30% makes customers say, This is surprisingly cheap, let's buy it! Allegedly. [Forbes]
  • Or will "vengeful populism" destroy our appetite for luxury goods altogether? [AdAge]
  • Either way, Escada's losses are even greater than originally reported for the quarter. [WWD]
  • American Apparel, which was saved from bankruptcy with an eleventh-hour financing agreement last week, reported a 29% increase in net profits last quarter. [WWD]
  • Valentino says if you want to be his friend, you have to love his designs. [VF]
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<![CDATA[Discussions Of Sarah Palin's "Feminism" Are (Mostly) Split Down Partisan Lines]]> Feministing has a message for the mainstream media: Sarah Palin is NOT a feminist. This is in response to stories by The Wall Street Journal, Townhall.com, the L.A. Times, NPR, Adweek and the New York Post, all of which had the words "Sarah Palin" and "feminism" or "liberated woman" in the headline. While some news outlets are painting the proposed veep as a feminist, there are a few lone voices, columnists who very firmly insist that Governor Palin is not a feminist. Interested in keeping score? The fors and the againsts, after the jump.

Yes, She's A Feminist:

"So have evangelicals accepted the sexual revolution? Yes and no. While they generally agree that women should have careers, evangelical women and men still have some traditional social views — that sex should be reserved for marriage, that marriage is between a man and a woman, and that the possibility of abortion on demand, far from being a key to women's happiness, is simply wrong. In other words, like most Americans, they have rejected the more radical elements of feminism."

— Naomi Schaefer Riley, in the Wall Street Journal.

"Palin grew up in an age when many of her female counterparts chose to reject marriage and husbands. She grew up in an era when many women decided to send their children to day-care or not to have children at all. She grew up in an era when women could pursue the most masculine of careers and make a good living doing so. […] If feminism is about giving women choices, she should be cheered as an example of the success of feminism."

— Karin Agness, on Townhall.com.

"Sarah Palin represents a new feminism. . . . And there is no bigger threat to the elites in this country than a woman who lives her conservative convictions."

— talk show host Laura Ingraham. From a story by Robin Abcarian, in the Los Angeles Times.

"On the one hand, her political views (she's anti-abortion and pro-gun and an evangelical creationist) seem directly counter to the until-now traditionally liberal tenets of feminism. Yet at the same time, she's a powerful governor and mother of five, a combination that seems the very definition of what the women's movement was fighting for. […] Palin is a classic third-wave feminist, benefiting from all that came before her in terms of the women's movement, while remaining the embodiment of patriotic, religious, small-town values. […] Certainly, she's the change agent they might need: a right-wing politico in the body of an attractive modern "executive", wife and mother."

— Barbara Lippert, in Adweek.

"On that stage last night, Sarah Palin represented everything the feminist movement claims to strive for: a successful working woman with a happy family life and a husband who helps raise the children. Yet, rather than hailing her accomplishment, the feminist establishment has sat by silently as she's savaged for being a working mother. Turns out old feminism is really just a bunch of good 'ole girls telling you what to think. […] Where is the condemnation for the sickening misogyny, such as the DailyKOS's mock Playboy cover with Palin? The Huffington Post's photo montage of Palin, headlined "Former Beauty Queen, Future VP?" The Washington Post's Sally Quinn criticizing Palin for being a working mother? Well, I suppose she could've stayed home and baked cookies."

— A column by Kirsten Powers for the New York Post, via FrontPageMag.com.

"Palin's candidacy brings both figurative and literal feminist change. The simple act of thinking outside the liberal box, which has insisted for generations that only liberals and Democrats can be trusted on issues of import to women, is the political equivalent of a nuclear explosion. The idea of feminists willing to look to the right changes not only electoral politics, but will put more women in power at lightning speed as we move from being taken for granted to being pursued, nominated and appointed and ultimately, sworn in."

— Tammy Bruce, in a column for the San Francisco Chronicle.

No, She's Not

"Really, most of the 'feminism' talk is coming from conservatives appropriating the language of the movement to push a ridiculously anti-feminist candidate. But what I find even more upsetting is the Palin/feminist talk coming from mainstream outlets who are demonstrating absolutely no knowledge of feminism. Take the Adweek article, for example, which says 'Palin is a classic third-wave feminist, benefiting from all that came before her in terms of the women's movement...' So by this definition, any woman who has benefited from feminism is a feminist. So, all women are feminists? Uh, yeah."

— From a post by Jessica Valenti, of Feministing.com.

"The Palin pick is disheartening on so many levels. For starters, even what little we know about the Alaska governor's policy views is enough to make a traditional feminist weep. The staunchly conservative Palin not only opposes abortion rights (even in cases of rape or incest), she also supports abstinence-only sex education and takes a strict free-market approach toward health care. Of course, these days, the feminist mantle is claimed by pro-life conservatives and pro-choice progressives alike. Palin herself is a proud member of Feminists for Life. Feminism seems no longer to denote a particular set of values or ideological agenda; it is merely a label appropriated to proclaim that one is committed to the best interests of women—whatever one believes those to be."

— Michelle Cottle, in an article for The New Republic, September . (Here's a reaction piece by Emily Bazelon on Slate.)

"Conservatives have probably used the word 'sexist' more in the past week than they have in the past 50 years. This would all have been entertaining if it were not such rank hypocrisy. These are people who have inveighed against affirmative action, a version of which undoubtedly played a part in this selection. […] The governor has talked about the choice she and her pregnant teenage daughter have made, but would deny other women the right to make their own choices. She talks about fighting the old boys' network and corrupt politicians, but would turn over the private reproductive decisions of American women to both. […] But she could certainly help move the inevitable tide of women's rights, the tide that has floated her own boat, by demanding that she be honored with the same tough scrutiny the guys in this race get. Which was, in case these improbable born-again friends of feminism missed it, the entire point of the exercise in the first place."

Anna Quindlen in Newsweek.

Note To Mainstream Media: Sarah Palin Is NOT A Feminist [Feministing]

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<![CDATA[Would You Get "Botox For The Résumé"?]]> "Who would ever dream that '20-plus years of experience' would be a liability? These are strange times." That's Lisa Johnson Mandell, a journalist who lives in LA and should know better than to say something like that, but anyway she stopped getting work around her late forties, and she didn't know why, until her husband broke it to her that it was because she was old. So she strategically took the first ten years off her CV, stopped giving anyone her graduation year and had some "youthful" pictures taken. And now she has a job running a pop culture website so she told the Wall Street Journal all about it. (She's 49.) I could express sincere and unqualified horror at this trend, but as a proponent of not lying about one's age, I have to confess: the thought of looking for jobs at pop culture websites in twenty years makes me happier about the fact that pop culture websites will probably figure out a way to kill me first.

Botox For The Résumé: One Woman's Makeover [WSJ]

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<![CDATA[Peggy Noonan "Wins" Democratic Op-Ed Primary, But Finding Chicks Who Will Endorse Her Isn't Easy]]> Peggy Noonan. Two words I type and think: is there a smart way to say I like this woman? Kurt Andersen praises her "fair mindedness," Stephanopoulos her "tremendous insight," for which Brian Williams blogs that she deserves a Pulitzer — and probably a Peace Prize for getting none other than The Nation's William Greider to dub an antiabortion former Reagan speechwriter and Republican mystic "terrific." Of course, as my esteemed colleagues have pointed out, she's a fruitcake. She and her "TV-perfect auburn mane" get called to appear on news shows, as her WWD profiler Jacob Bernstein points out, because she's "reliably theatrical and can be counted on to flatter the host." To quoth Peggy herself, she can come off as "silly." And hang on a second, is there a chick other than Peggy quoted in this piece? Oh there, yeah one, a thousand words down, longtime friend and colleague Lisa Schwarzbaum, a liberal who says of Peggy: "Still we love her, because she can be so warm, so silly, so charming, so compassionate." Italics — wait for it — mine.

All of which is a long-winded attempt at seeming even more long-winded at getting to the point that I think the thing about Peggy Noonan is that it's kind of cool that she's silly, and theatrical, and doesn't take herself that seriously, because it means she doesn't take too many other things too seriously, like opinions — hers or Ted Kennedy's:

All parties, all movements, need men and women who will come forward every decade or so to name tendencies within that are abusive or destructive, to throw off the low and grubby.

Or the the latest whatevergate:

Two things are true in the modern media environment, and they collide with each other and may tend to cancel each other out. One is that a scandal makes its way around the world and into the bloodstream right away and with full force, through the Internet and cable. The other is that a lot of scandals have made their way around the world and into the bloodstream in the past 10 years. Immediacy and broad knowledge collide with sheer glut. Everyone has heard so much about so many. At some point, don't voters start to see all of public life as one big polluted river? And if they do, don't they stop saying things like "That's a busted tire floating by" and "That's an old shoe"? If they're familiar with the principle, as Thoreau said, don't they become less attentive to its numerous applications?

Or her beloved religion:

There is a sense in Iowa now that faith has been heightened as a determining factor in how to vote, that such things as executive ability, professional history, temperament, character, political philosophy and professed stands are secondary, tertiary. But they are not, and cannot be. They are central. Things seem to be getting out of kilter, with the emphasis shifting too far.

Or the moved by something you're pretty sure she's sincere, and when she bothers to disdain something there's a certain amount of silly emotional credibility to it:

They came from comfort and stability, visited poverty as part of a college program, fashionably disliked their country, and cultivated a bitterness that was wholly unearned. They went on to become investment bankers and politicians and enjoy wealth, power or both.

And you start to think, shit, what is it about this Nicorette addled Pope adoring nonlapsed Catholic half-delusional Conservative that makes me think we'd actually get along?

And um I think it boils down to her being a woman.

I know: barf.

How Peggy Noonan Won The Democratic Primary [WWD]

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<![CDATA[Mama Said There'd Be Days Like This But Please God Only Like 200 More Right?]]> God, where to begin today. Maybe with the fact that while your mortgage payment was tripling, Goldman Sachs's earnings fell a whole entire 11% ?? Or like, while the Justice Department was systematically sacking any and all prosecutors whose decisions on things like habeas corpus and torture and crap fell anywhere to the rational side of "automated Bush surrogate," the Pentagon was firing an official for the grave offense of noticing a billion dollar overage on a KBR invoice? Or how even as the net income necessary to join the Top 400 plutocrats, adjusted for inflation, has tripled since the beginning of the Clinton Administration, the McCain campaign is dissing on Obama's economic policy proposals for their inadequate FAITH IN THE MARKETS??? (Wait, was that a question? I don't even know anymore.) Megan and I babble about who should get taxed more and how — and she nominates Hitchens — after the jump.

MOE: Ummmmm is it just me or is today, like, all about POLICY??
MEGAN: It does seem like my jack-of-all-trades-master-of-none brain when it comes to policy issues might come in handy this morning! Where do you want to start?

MOE: Maybe with the incredibly astute words of McCain economic adviser Douglas Holtz-Eakin:

Douglas Holtz-Eakin, chief economic aide to Republican candidate Sen. John McCain, dismissed the Obama strategy as "classic industrial policy which shows a lack of faith in private markets."

MEGAN: Obama's got this part right though: "How much you pay in taxes as a corporation a lot of times is going to depend on how good your lobbyist is."
MOE: I mean, what have the private markets done to instill faith in you lately? Are we supposed to be like Job with these things?
MOE: right.
MOE: This isn't something I would mind seeing: "Americans with incomes above $2.8 million would see their after-tax income decrease by 11.5%."
MEGAN: Hardly anyone pays the actual income tax rate because of loopholes. If I heard my now former boss say it once, I heard it 15 times, if you eliminate deductions and credits, you could reduce the corporate rate to, like, 25% without losing revenue. You could lower personal rates even further and eliminate taxes for a percentage of the population. It's an incredibly inefficient system.

MEGAN: I did an analysis of the candidates' tax plans on young single women. Obama's is better.
MOE: Did you see this handy graf on the rebirth of the plutocracy? Just before the Great Depression the top .01% of households averaged 892 times the household income of the households in the bottom 90%, and that number of course plummeted and only really began steadily rising in 1980 to the point that it's now 976. These are imperfect numbers, of course — how big is the top .01%? How about the top .1%? Etc. etc. But it's a nice visual aid!

MOE: The income required to make the Top 400 list of earners has tripled since 1992, AFTER ADJUSTING FOR INFLATION.

MEGAN: I mean, the question is, from a policy perspective, is whether that's truly undesirable and what can be honestly done about it. Given the nature of the international financial sector and personal and currency mobility, would heavy taxation be effective? Can we limit income? Can you create or force businesses to create better oversight and board systems to protect shareholder interests, say, with a mandate that multimillion dollar compensation packages that aren't effectively tied to long-term performance are considered not in shareholders' best interests? I don't think either of the candidates has really talked about serious policies aimed at resolving income inequality because it's such a squishy issue to get your arms around let alone resolve from a policy perspective.
MOE: A few things: 1. Well yeah I think income inequality is truly undesirable from a policy perspective. 2. And the only way to deal is tax the everliving shit out of capital gains and use that money to beef up the SEC and education. Because the people who set executive compensation, the people who "look out for the interests of shareholders," the people who monitor the people allegedly looking out for those interests, the people who kick out executives for underperformance and are charged with luring in a new guy to "clean house" — all those people are part of this racket. And one, their version of "long term" is at most five years. And two, they set the yardsticks, the standards. They're all friends and acquaintances and they all know exactly how much everyone gets paid and they've pushed the baseline up up up.
MEGAN: What is "taxing the shit" out of capital gains? Back up to 25%? Higher? Won't they just try to pull some work around if that happens, the way private equity funds are just an elaborate way around taxation?
MOE: Well every policy creates loopholes, and certainly you'd probably see some money shift to less taxable assets, not that we didn't see that already with the real estate bubble, but none of the hundreds of executives indicted on backdating their stock options worked for a private company, you know? I mean, eventually the big payoff in private equity tends to come from the public markets, right? Or an acquisition? The thing that people need to get through their thick fucking heads is that yeah, there's always a greater and greatest fool losing out here, and we've missed out on a lot of the fundamental zero-sumness of corporate earnings growth because our standards of living are being propped up by artificially low standards in China, which China maintains as part of its INDUSTRIAL POLICY.

MEGAN: Hypothetically speaking, then, not that this is in my personal best interest as a homeowner, one of the ways to keep people from transferring assets into real estate to reap tax benefits would be to reduce the tax preference for home ownership and for real estate more generally.
MOE: Right. Although I don't know if you'd do that in the middle of a housing crisis?
MEGAN: Which, by the way, would probably have helped slow the bubble, and would slow the growth in home prices because creating a tax preference creates a market for people seeking to exploit it and it pretty quickly gets built into the price
MOE: Well yes.
MEGAN: Well, why wouldn't you? I don't know that it could hurt anymore now. If you wanted to be fair you could grandfather it or give some sort of one-time rebate payment or something and call it a fucking day.

MEGAN: The mortgage interest deduction and state and local tax deduction (which includes property taxes) are two of the largest deductions in the tax system, that are taken advantage of almost exclusively by people earning above the median income. They're also, along with having kids, the main reason people in the so-called "middle class" end up paying the Alternative Minimum Tax, though "middle class" is kind of a stretch for someone making $100, $120K/year when median income is $45K, but I'll accept that definition. Obama's willing to go up to $250K.
MOE: I wonder if there is like, a rich folks CPI that tracks the rising costs of… luxury real estate, private education, corian countertops, that sort of thing.

MEGAN: Not, by the way, that this bears any relationship to the conversation at hand, but coffee may be helping us live longer. I'm hoping alcohol consumption offsets that.
MOE: Okay so I'm creeping through his interview and, you know, the Journal basically says "well Clinton said a lot of this stuff but then he became obsessed with the deficit and it's not like THAT'S not a problem right now" and Obama says like "well now we have energy problems too so there's that." Like there's this meme out there that alternative energy is going to become this huge new sector of the economy but like who is going to lead that?

MOE: Ha I like how it ends

WSJ: A lot of folks would say cutting corporate tax rates are equivalent growth.
Sen. Obama: I don't want a distorting effect of our tax code on corporate decision making. But that's different from just saying you know, let's run up the deficit another couple of trillion dollars …

MOE: >
MEGAN: Well, I think it's a meme because there's this idea that it can't be outsourced (next wave of globalization fears, already started: insourcing) and it's all rainbows and starshine and green industrial policy. I'm on record as thinking that green collar jobs is a load of crap.
MEGAN: Well, and as I touched on before, everyone knows that lowering the rate and reducing deductions — i.e., simplifying the system — is good for the business community writ large (except for lawyers and accounting firms). It would also make tax audits insanely easier. And yet even corporations that recognize that are caught between the rational "lowering rates by giving up deductions will save us money" and the long-held assumption that through lobbying you can best your corporate competitors by changing your tax rate or deductions and so they won't allow the government to pry their credits and deductions from their cold dead hands.
MOE: OH dude I forgot to mention that Goldman's earnings fell a whole 11%

MEGAN: And after all those bonuses, too!
MOE: Yeah they're only on track to get $19 billion this Xmas sad sad world. But I don't know, can we really make the argument that it would be societally optimal for that money to …maybe find other uses for itself?
MEGAN: Ooch, Obama is co-opting the Republican small government ethos, but with a delish Democratic twist — making it, you know, actually effective.

I think the danger is always to equate size of government with effectiveness, and I don't. It's not clear to me that we want a larger government, but we certainly want a government that is setting more intelligent priorities and using taxpayer dollars more wisely and structuring tax policies that are conducive to long-term economic growth. As I mentioned during the speech, there may be programs that no longer work. There's certainly all kinds of previsions in our tax code that are antiquated and are not spurring economic growth. We've got offices like the patent office that are outdated to take advantage of new discoveries here in the United States.

Republicans have gotten so focused at starving the beast or cutting off the snake's head that they've forgotten they can actually do proactive things to reduce gov't. Or, in the case of this administration, they haven't wanted to reduce its size.

MOE: Thomas Frank doesn't have a new column out yet I guess that happens tomorrow but he changed the name to "The Tilting Yard." Weird.
MEGAN: Is it, like, a Cervantes reference? Is he Don Quixote?

MOE: Well he had the same column name, "Fighting Words" as Hitchens, whose last column on Hillary and sexism is the most Hitchens thing Hitchens has ever written, right down to the Juanita Broaddrick ref:

Posterity may well remember the Hillary Clinton campaign as the nearest that a member of the female gender had thus far gotten to the nomination of a major political party. But the episode will be recalled for many other salient features as well. The first time that the wife of an ex-president had leveraged her first-lady status into a senatorial seat and then a bid for the presidency. The first time that the candidate's spouse (and campaigner in chief) was a person who had been disbarred for perjury and impeached for—among other things—obstruction of justice.
MOE: The first time since the 1960s that a Democrat seeking the nomination had implicitly relied on a "Southern strategy" of appealing to the rancor of the "white working class." The first time since the lachrymose Ed Muskie that a candidate's eyes had welled up with tears in New Hampshire. The first time that a woman candidate was married to a man who had been believably accused of rape and sexual harassment (see my book No One Left To Lie To). The first time that a candidate had said of her half-African-American rival that he was not a member of the Muslim faith "as far as I know." The first time that the loser in the delegate count had failed to congratulate or even acknowledge the winner on the night of his historic victory.

MEGAN: I tried to write something about it, but it's so hard to respond to stupid sometimes.

MEGAN: This is, after all, the same dude that ejaculates at the thought of Bill Clinton. Granted, it's at his humiliation, but I don't think that makes him any less of a gay, S&M fetishist with a hair trigger. I feel sorry for his wife.
MOE: So maybe Tilting Yard was a dig at Hitchens who I bet 1. gets it and 2. has had on more than one occasion, like, epically tilted into something mid-rant at a party or something, but that is just my guess.
MEGAN: Well, if by "tilted" you mean "stuck his small British peen into the vagina of a 19 year old with hero worship in her eyes," then, yes, he's done that at parties.
MOE: So guess what, I totally missed talking about torture again, or the Army official who claims he was fired for refusing to approve a billion dollars in shady fees to KBR, or like, drilling in the wildlife refuge or whatev. Do you have anything to say about this shit?
MEGAN: Oh, McCain doesn't want to drill in ANWR, he wants to drill along the CA/FL coasts, something that Bush and Jeb Bush and Charlie Crist and Arnie and the Republicans from all those states have opposed because it will ruin the views of Republican voters who hate high gas prices and environmentalism but love them their views.

MEGAN: Also, the KBR thing is just confirming what everyone already knew, which is that pressure was applied at some point. I am amazed that no one caught the part where the Administration recently signed a 10-year contract with KBR to provide services to our troops in Iraq. That's, you know, until 2018.
MEGAN: We also didn't talk about the floods will raise food prices or the Chinese expat newspaper article about Obama's skin color, but shit happens.

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<![CDATA[Dear Rupert: If This Is Your Idea Of Appealing To Women…]]> Change is afoot at the Wall Street Journal: the storied newspaper (and my former employer) has launched a site for women that aims to draw in more readers from the sex that shops. Perhaps surprisingly, I'm not actually sure how I feel about this. On one hand, it's kind of genius that there is now a place for blog digressions on how the fuck that recently profiled Lehman Brothers executive manages due diligence in those stripper-height stilettos. On the other hand, pairing a week-old story about "curbing mindless eating" with a pic of Hillary Clinton is probably the type of cheap traffic driver that would offend me if I weren't lacking that reflex. And on that note, here's an amusing screengrab from today's Wall Street Journal I thought I would share with my women readers.


Lol.

What can I say ladies, it's a boy's club out there.

Journal Women [WSJ]

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<![CDATA[Wedding-Planning Polls: Democratic Or Dumb?]]> The Wall Street Journal is reporting that the latest trend in the wacky world of bridal is to replace the wedding planner with an online poll. Why should brides spend time and money making tough decisions when they can turn that responsibility over to the folks who'll be attending? They don't have to worry their pretty little heads about the cake, the first dance song, the booze or even their hairstyle. Of course, a bride is still a bride. It's her day, right? That's why Rachael Buskirk, 25, an engineer from Asheville, N.C. (who met her fiancé through MySpace), plans to ignore her cake poll. See, the guests didn't pick the style she preferred.

One bride who spoke with the WSJ says that her only regret on her wedding day was that she wishes she "had done more polls." Some, however, continue to resist this philosophy. Etiquette writer Anna Post says, "It's a little bit of an imposition if you are sending [guests] every question that comes in your head." Fellow ettiquetrix Letitia Baldrige adds, "To have to ask your friends, many of whom have terrible taste anyway, is ludicrous."

On one hand, as a bride, what makes your friends' taste any worse than a wedding planner you hardly know? (And really: Why the fuck are they your friends if they have shitty taste?) On the other hand, it is a day to celebrate with those nearest and dearest to you; if you find out that 92% of them prefer chocolate icing, isn't that the least you can do? And to FOTBs (friends of the bride): She's gonna ask for your opinion on all this crap anyway. Wouldn't clicking a button in an online poll be easier than having to have the "the flowers you've chosen are hideous" discussion?

iDo [WSJ]

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<![CDATA[Gross? Beyond Gross?]]> "More Sick Porn Fantasies From The Left Aimed At Conservative Women" was Right Wing News's verdict on this tasteful nude Ann Coulter drawing from the latest Wall Street Journal parody thing. "The very same libs who are the first ones to yell 'sexist' at the top of their lungs when the mildest gibe is tossed at a woman on the Left, either keep their mouths shut or laugh along at the most grotesque, sexual insults aimed at conservative women," the site charges. Well now, speaking as the last liberal to want to yell "sexist" at any decibel level or give a shit what the Right Wing News says, I have to say I'm having trouble laughing, so I thought I'd open my mouth and ask you... Funny? I'm kind of skeeved. Although the fake headline "Cleaning Lady Sees Virgin In Merrill Lynch Q4 Loss" is kind of great. [WSJ Parody]

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<![CDATA[Dooce: Proof That Not All Our Pregnancies Need To End In Abortion?]]> The Wall Street Journal peeks inside the — controversial! impassioned! and dare we say even more narcissistic than the regular blogosphere! — world that is the mommy blogosphere today, and first of all, we regret to inform you that self-righteous Babble daddyblogger Steve Almond quit last week in a fit of self-righteousness. And I meant to go trolling for more pointless mommyblog controversies with which to display some sort of snarkpower, but then I got sucked into the life of "stay at home mom or Shit Ass Ho Motherfucker" Dooce. Dooce is the superfamous blog of Heather Armstrong, a former "unemployed drunk" and depressive Hills fan and abundant resorter to profanity who got fired for internet indiscretion once and pretty much is the living blogging manifestation of my greatest fear: that not even expelling a human being from one's vagina is enough to make people like me grow up.

She's had to learn to draw boundaries on what she writes, to avoid hurting loved ones. An "aching and bleeding diatribe" she posted a few years ago against her parents' faith, Mormonism, alienated them so badly that "it was like a bomb had gone off in my family," she says. "My dad didn't speak to me for several months, and my mom was devastated." She took down the posts, thinking, "OK, this is a little bit more powerful than I'd thought it would be," she says.
She's since made up with her parents, who were probably shattered by the realization their religion is a lie, but it's not like they were going to learn that lesson in the afterlife. And in all seriousness, she clearly is something of a grownup, because she has nice pictures on her wall that her roommate isn't responsible for:
Maybe because he's been taking Prozac, or maybe it's because of all that HOT HOT SEX, but when I told Jon what I wanted the wall to look like, he said something like, why aim for perfection when approximation is so much easier? Which is the most romantic thing that has ever come out of his mouth, so I pushed him down on the floor and ripped off all his clothes.
Um yeah, there's lots of stuff like that. Why aim for a perfect kicker when approximation of someone else's less hangover-burdened humor is so much easier? Go hang out with this Dooce lady if you want a side of "thoughts" with your profanity today because I drank enough whiskey to kill a fetus last night.

The Blogger Mom, In Your Face [WSJ]

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<![CDATA[My Fear Of Death Brings All The Boys To The Yard]]> The fun thing about that creeping insecurity that you're too old to be optimally datable is that once it sets in — 25? 27? — it never lets up! Which is why it's always good to read about some lady in her sixties who's getting more dates than she ever did in her entire life. Well, author and man magnet Andree Aelion Brooks is here to share with you her secrets! They may shock you...okay, not all of them. Basically she has had some cosmetic surgery — she doesn't say where! — and refrained from getting fat. Also she is good with computers so she got sought after for lessons etc. But here's the best part!

I missed having a life companion. I missed the emotional and physical closeness. I missed the sharing and the caring. But, as time went on and I watched my contemporaries struggling with the ill health of their spouses or partners, I realized that I was actually in a relatively good position. Maybe the last thing I needed at this age was commitment.

The Turning Point

And that became the magical turning point. The less I genuinely wanted a committed relationship, and sent out those signals, the more offers I began to receive from men who wanted to date me.

Appearing needy — at any age — is known to be a turnoff.

Then she tells the "cautionary tale" of a friend who fell in love with a dude, only to have him drop dead a month later. Yikes! People dying all around you...that'll kill your unsightly emotional availability I guess? Maybe that's why so many older men wind up with twentysomething gold diggers who don't care if they die. I bet this works in war zones, too.

Playing the Field [WSJ]

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<![CDATA[Turn Your Tabloid Celebphemera Addiction Into A Promising Career!]]> Recession got you down? This beautiful John Mayer photo was snapped by a 22-year-old retail employee named Erin Horgan. And not only did it make her back the grand she spent buying a ticket for the ticket for the John Mayer Caribbean cruise, it made her the latest member of the "citizen paparazzi" class rising up and snapping work from the hands of lazy professionals like Nick Ut. You can join this class, fellow Americans! Agencies like Buzz Foto, Scoopt and Mr. Paparazzi "are among those that increasingly encourage amateurs and young photographers to send in their findings." Work from home, and make anywhere between 40 and 60% of the sale price of your photos! "This is not rocket science," agency owner Brad Elterman tells today's Wall Street Journal. "Everyone who has a digital camera is a potential correspondent...that is the future, without a doubt." What good news for the American workforce!

Just last year, the x17 agency found itself slammed with allegations that it was trafficking skilled illegal immigrants into Los Angeles and condemning them to lives of indentured servitude trailing the likes of Vanessa Minnilo and Spencer Pratt. Three years ago I personally spent some time with an elite cadre of Bauer-Griffin photographers, nearly all of whom were foreigners who had honed their skills snapping pictures of wars and things but left that business because, you know, there's no money in it. So what do our amateurs have going for them?

Well duh! It's the fact that our youth has been immersed from a tender age in American celebrity culture, exposed to a near limitless array of celebrities on a few hundred cable channels in what amounts, for the average American, not only to the formation of a crippling addiction that practically assures a recession-proof market, but millions of hours of free job training! You knew there had to be a silver lining somewhere.

The Rise Of The "Citizen Paparazzi" [WSJ]

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<![CDATA[Some Couples Feel The Thrill Of First Love Their Whole Lives! But Probably Not You.]]> New uplifting/depressing scientific development! It is actually humanly possible to have a happy loving marriage not underscored by resignation and/or evolutionary biology and/or societal expectations and/ or financial entanglements! A bunch of neuroscientists at NYU have proven that it is possible that some couples actually stay in love. No shit, right? According to the Wall Street Journal they learned this by subjecting self-professed happy couples who had been married for ten years or so. The case study in question was Ann and Alan Tucker, whose persistent amorousness throughout their eleven year marriage them as romantic "outliers", to brain scans. And what they found was shocking:

Days after Mrs. Tucker's brain scan, Dr. Brown, the neuroscientist, sat in her book-lined office looking at the results. "Wow, just wow," she recalls thinking. Mrs. Tucker's brain reacted to her husband's photo with a frenzy of activity in the ventral tegmental area. "I was shocked," Dr. Brown says.
So who are these two horny old lovebirds?

Upstate New York mathematicians, naturally! When they met, she was 28 and he was 54.

They met sitting across a horseshoe-shaped table at a math conference in the Adirondack Mountains. "I knew immediately we'd get married," Mrs. Tucker says. They got their marriage license less than a year later, on Valentine's Day.
Aw! But why is it this everlasting love shit never seems to happen to slutty city-dwelling alcoholics with dozens of romantic failures behind them? Yeah, nevermind. Happy V Day!

Keeping Love Alive [WSJ]

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<![CDATA[Ratatouille!]]> Here are a few recipes you won't find in Martha Stewart Living! Sauteed rat with spring onion and herbs, steamed rat with lemon leaves, and ground rat meat chili! In the wake of bird flu epidemic, the Vietnamese have gotten inventive. Rat costs a third less than pork and tastes "delicious," according to somebody who tried it. The widening income gap is another trend to blame for this: rat's natural predators, cats and snakes, are increasingly being eaten up by the nation's fancy classes. [WSJ]

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<![CDATA[Will New Rupert Murdoch Luxury Mag Dare To Be "Frank"?]]> Rupert Murdoch is launching another ladymag! And we're kind of excited. (As you may know, Rupert's first foray into this market happened last fall with the launch of Page Six Magazine, a weekly that, depending on your point of view, is either depressingly, apocalypse usher-innningly dumbed-down — or about as smart as anything devoted to shopping, restaurants and recreational drug trends of young Manhattan professionals deserves to be.) (My point of view on this changes pretty much every week.) But Rupert's latest venture has the potential to be more our speed: it's Pursuits — or maybe, a magazine not named Pursuits, a glossy to be located within every weekend issue of the Wall Street Journal. And the editor is Tina Gaudoin, a lady who has had a lot of jobs but blah blah I'm going to focus on this magazine she launched my freshman year of college when I was still naive and aspirational and cool-seeking. Frank was a sister publication to The Face, and it was supposed to be a women's magazine like none had ever existed.

"Free from horoscopes, letters and sensationalized sex stories," it promised to instead deliver "frocks, politics, lipstick, handbags, human rights, babies, gardening, stilettos, fridge magnets." Its target age range was 15-40. I bought every issue I could get my hands on at the campus international bookstore/clove cigarette purveyor. But...

No one else did. In one of those cases of tremendous pressure meets limited funding meets entrenched competition, Frank shut down after less than two years.

Pursuits will be a whole nother story. It's not a women's magazine but a magazine that must appeal to women in order to win over the Sunday advertisers the Journal craves. It won't rely on the "blink" psychology of newsstand sales. It doesn't have to appeal to 15-year-olds or run horoscopes. It doesn't have to be at all "cool." Maybe, with all those advantages, Tina Gaudoin will be able to put together a magazine that is, actually somewhat "frank"?

Funnily enough, a lot of people thought they'd hand the reins to another Frank, as in Robert Frank, the newspaper's chronicler of the uberwealthy and how they live and author of the book Richistan — wisely, they found someone who might be a little less openly contemptuous of the wealth of its most valuable readers. Personally, I could use a weekly magazine edited by Thomas Frank, but no one asked me.

Editor is picked at WSJ Mag [NY Post]


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<![CDATA[What's The Worst Girly Man Trend?]]> A long story in the Wall Street Journal got us thinking about masculine jewelry today. A middle-aged guy is quoted on his recent purchase of a necklace, the first necklace he'd bought since the Larry-from-Three's Company open-shirt/medallion era.

"This time around, 'I just had to feel it on my skin,' he said, sounding primal.

His wife rolled her eyes.

But apparently manjewelry is a new trend, and in my limited contact with the male species I can attest that this is definitely true; my old manager at American Apparel was like totally obsessed with eBaying "masculine" turquoise pieces and the like. Everyone from Paul Wall to Pierce Brosnan to Charles Darwin are being blamed. ("Men are beginning to adorn themselves more because women are so much more self-sufficient and successful and far more picky, and now men need to compete in a more Darwinian fashion," says someone named Milton Pedrazza. "Just a theory.") But here's the thing, and I can't believe I am saying this: I sort of like most man jewelry. And even if it's hideous, I definitely don't mind it. Why? I think it just comes down to the fact that of all the numerous ways the celebrity-sartorial complex has sissified our dudes in recent years, it's really the least offensive. And then I thought: poll!

Gawker Media polls require Javascript; if you're viewing this in an RSS reader, click through to view in your Javascript-enabled web browser.

A Man's New Best Friend: Diamonds And Pearls [WSJ]

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<![CDATA[Would You Rather Work For A Lady Or A Dude? (I Know, Depends Who's Keeping You At The Office)]]> Male bosses are more than three times as popular as female bosses, according to a highly unscientific online poll posted on the Wall Street Journal website in conjunction with today's annual survey of "50 Women To Watch." Although 35% of respondents said they had no preference, only 15% said they'd prefer, "all things being equal," to work for a female. We wonder if the numbers would be different if the boss in question was #32 Delphine Arnault Gancia, who also made it to the Forbes "10 Hottest Billionaire Heiresses" list? No, actually, we don't really wonder that; mostly we wonder what you think. Because judging from video the newspaper shot asking people about their bosses in downtown New York, it seems like the women dragging down the numbers for lady bosses are other women.

Interestingly, women are thought by the dudes to be more "compassionate", whereas they're perceived by the other women to be bigger hardasses. In another story Google executive Sheryl Sandberg cites a case study of an individual's career in which half of a group of Stanford students was asked to rate a the person's competency thinking her name was Heidi, the other half Howard. And while they rated Heidi/Howard as equally competent regardless of the name, no one wanted to work for Heidi — they perceived her to be too aggressive and out for herself. But then another executive admits to having taken a female employee out to lunch to express her support for the employee's decision to have a kid, and the female employee is all, "Um, that's so nice of you to say, thanks for the 11:30 p.m. emails. So basically yeah, it's what you'd expect, a struggle you can't win, husbands who are willing to stay at home rule but find it somewhat emasculating, you can't win etc. But hey! At least they manage not to mention HILLARY.

In other news, stay tuned for the drunk version of this video.

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<![CDATA[Tween Girls Get Mocked For Wearing Expensive Shit Moms Buy Them Because They Were Mocked]]> Have a kid you can't wait to bedeck in the Spring children's collections by Chloe/Missoni/Marc Jacobs/Dolce & Gabbanna/etc.? Ha ha ha, seriously, stay with me anyway. A story in today's Wall Street Journal interviews middle schoolers who are shunned by their peers for wearing, like, Armani in lieu of Abercrombie. Sixth-grader Aryana McPike, whose mom has purchased her a "closet full" of Juicy and Dolce, describes recently being "instructed" by her classmates that she should wear Air Force 1s and Apple Bottom jeans. Budding populists? Not really according to Becky Gilker, a 13-year-old who says she tries to wear her school's important brands, Hollister and Roxy.

But even the wrong color can bring put-downs, Miss Gilker notes. When she wears pink, she says, "I get the snarky 'Nice clothes!' when people walk by in the halls."
Thoughts: 1. This would be so much better if we were reading about it in Teen Vogue. Hint hint, Amy Astley!

2. Wait, Jesus Christ, Lourdes has her own stylist? Is this because Madonna looks back on all those pictures of everyone dressing the way she did in the Desperately Seeking Susan era and just shakes her head thinking, "Personal style. Now that was a dangerous idea."
3. Does anyone over the age of 20 seriously think school uniforms are a bad idea? Because I sometimes think they should make it a constitutional amendment. But then I think of how creepy and Hitler youth that would look in the history books fifty years later. But then I think, isn't that the idea behind the Abercrombie catalogs anyway?

Fashion Bullies Attack — In Middle School [WSJ]

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