Originally published on Tue October 30, 2012 8:32 am
There's big news in the world of publishing: The two conglomerates that own Random House and Penguin announced Monday that they were merging their book businesses to form a new company.
German media company Bertelsmann, the owner of Random House, will own 53 percent of the new firm, Penguin Random House; Pearson, which owns Penguin, will control the rest. The merger, subject to regulatory approval, is scheduled to be completed in the second half of 2013.
Originally published on Mon October 29, 2012 2:12 pm
Economists will need many days — maybe weeks or months — to assess the financial harm being done by Hurricane Sandy. But whatever the final figure, it will be huge, well into the tens of billions of dollars.
More than 60 million Americans are feeling the impact of the weather monster slamming New York, New Jersey, Maryland, the District of Columbia, Virginia, Connecticut, Pennsylvania and many other states. The howling mix of wind, rain and snow is causing massive direct losses, i.e., the destruction of private homes, stores, boats and cars.
A poll released Monday by the Pew Research Center shows that President Obama has failed to regain much of the support he lost in the days after the first presidential debate.
The poll shows that among likely voters, the race is now a statistical dead heat with both Obama and Mitt Romney receiving 47 percent support. Among registered voters there is what Pew calls a "statistically insignificant two-point edge" of 47 percent to 45 percent for Obama.
As the presidential campaign has unfolded, the candidates have traded polemics about wealth, class warfare, dependency and the role of government.
And while it may be uncomfortable to admit, some Americans are simply more financially successful than others. But why do some achieve wealth, while others struggle? And what do we think explains our prosperity — or lack thereof?
The rest of the government may have been shut down for the hurricane, but not the U.S. Supreme Court.
The justices were in court Monday to consider a challenge to the 2008 Foreign Intelligence Surveillance Act, known as FISA. The new law broadly expanded the government's ability to conduct large-scale monitoring of international phone calls and emails to and from people in the United States.