Launching Soon
I wanted to recommend a new business. Something I believe many of you would enjoy:
Cocktail Party Talk
From this morning's WSJ - here's a news item I loved - "Coca-Cola reported a 55% gain in profit amid strong soda sales in developing economies...". Reminds me of cigarette companies expanding their sales in the same way - at the expense of the health of the rest of the world. Mark my words, these markets will become more and more important as, with the help of Michelle's new anti-obesity campaign, sweetened sodas will go the way of cigarettes in the U.S.
I've believed from the outset that anti-microbial hand creams are a bad idea - just as overuse of antibiotics is a bad idea. I even blogged about it. But I didn't have any hard facts. Until now. Have a look at this article. I read it with a certain amount of glee...
If you live in L.A., you may have noticed new activity in the many "For Lease" stores dotting chichi shopping streets. For a week or two these stores are transformed with big discount signs (e.g., 75% Off Designer Clothing"), and industrial style racks of clothing. I've had some good luck shopping at these stores. Truly cool clothes at great prices. Now I can finally name the phenomena. This weekend, when I truly stunning Mad Men style skirt, I asked the saleswoman whether the store was permanent.
Before she became a movie critic for The NYTimes, Manohla wrote for our own local LAWeekly. She had the distinction of being the wittiest movie critic I'd ever read (not an easy feat), but unfortunately also the least predictable. Meaning that I could never tell, by reading her review, whether I'd like the film or not.
So Geithner was confirmed today. And unfortunately I think it was the right thing to do. Unfortunately, because I'm completely miffed about his tax thing. Whatever he may say, it's pretty clear to me that he intentionally decided not to pay that employer portion of his social security taxes, and the reason he did it was that he figured in all likelihood he would get away with it. And in the worst case he would pay it. And in fact it kinda worked out that way. He didn't pay it for 4 years, but by the time he was audited, the statute of limitations had run out on the first two years. So he paid the second two years, and congratulated himself on managing to evade half of his due. Note that at the time of the audit he was head of the New York Fed. And then he was nominated secretary of the treasury, and the transition committee figured this out and said "Hey!!!". So he paid. Poor dear.
This just in: Pregnancy does not cloud the brain, says Australian study. No kidding. The idea that pregnancy adversely affects mental function is just like the story that menopause clouds the brain: An urban myth, partially propagated by women (I think we're sometimes our own worst enemies), and with no basis in reality IMHO.