Making big news today is the death of Yankees owner George Steinbrenner, who apparently had a heart attack.
The hard-nosed longtime businessman will be remembered for a lot of things, not all of them complimentary.
From an AP story of today.
After building his fortune in the shipbuilding industry, Steinbrenner purchased the Yankees from CBS in 1973 and returned them to the glory of the Babe Ruth-Lou Gehrig, Joe DiMaggio and Mickey Mantle-Yogi Berra-Whitey Ford era teams.
It was later revealed Steinbrenner invested less than $200,000 in the $10-million deal — but turned the Yankees into the most valuable franchise in sports history, with an estimated worth of well more than $1 billion.
"Owning the Yankees is like owning the 'Mona Lisa,' " Steinbrenner once said.
Politics erupts on budget, deficit issue
There appears to be a lot of steam behind the story of the House of Representatives failing to pass a "budget outline" for the first time since 1974.
It's turning into a fairly spirited political debate and will heat up for the election.
Here's the best, most objective and clear story I've found on this complicated issue.
I'll be writing an editorial for tomorrow's print edition on the subject, pending approval of course.
What's great about this debate is for once we're bringing the complex subject of the federal budget to voters and typical Americans everywhere.
That can only be good.
Manufacturing program in jeopardy
Here's an interesting editorial on a program that helps manufacturing companies do business overseas.
It points out that though the program has had broad bipartisan support in the past, Republicans are now describing it as an earmark.
U.S. Rep. Tim Walz is mentioned in the article as supporting it for the good of jobs and making sure we don't through another uncertainty at manufacturers who have come to rely on this program.
Here's relevant parts of the edit from StarTribune
It was later revealed Steinbrenner invested less than $200,000 in the $10-million deal — but turned the Yankees into the most valuable franchise in sports history, with an estimated worth of well more than $1 billion.
"Owning the Yankees is like owning the 'Mona Lisa,' " Steinbrenner once said.
Politics erupts on budget, deficit issue
There appears to be a lot of steam behind the story of the House of Representatives failing to pass a "budget outline" for the first time since 1974.
It's turning into a fairly spirited political debate and will heat up for the election.
Here's the best, most objective and clear story I've found on this complicated issue.
I'll be writing an editorial for tomorrow's print edition on the subject, pending approval of course.
What's great about this debate is for once we're bringing the complex subject of the federal budget to voters and typical Americans everywhere.
That can only be good.
Manufacturing program in jeopardy
Here's an interesting editorial on a program that helps manufacturing companies do business overseas.
It points out that though the program has had broad bipartisan support in the past, Republicans are now describing it as an earmark.
U.S. Rep. Tim Walz is mentioned in the article as supporting it for the good of jobs and making sure we don't through another uncertainty at manufacturers who have come to rely on this program.
Here's relevant parts of the edit from StarTribune
"With the national unemployment rate still at an alarming 9.5 percent, it's common sense that politicians back up grand talk about job growth by supporting policies that actually help the companies that do the hiring.
Unfortunately, common sense seems in short supply when it comes to an important but little-known piece of legislation called the Miscellaneous Tariff Bill (MTB), which helps keep manufacturing jobs in the United States. The MTB comes up for renewal periodically, and in previous years -- most recently 2006 -- it garnered broad bipartisan support. But this year, its routine passage is jeopardized primarily because Republicans have recently redefined the term "earmark," political slang for directing appropriations to favored programs or projects.
Because of this, they now consider MTB's longstanding duty reductions or suspensions on raw materials imported by American manufacturers to be earmarks, a big problem when U.S. House Republican leadership announced an earmark moratorium. Despite this ban, the nation's political leaders need to hammer out a compromise quickly. With the economy still struggling to recover, lawmakers need to do everything they can to encourage economic growth and preserve key measures such as the MTB that have helped firms in Minnesota and across the nation stay competitive for years."
Link to full article
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