Knutsen Raises the Local Media Coverage Bar – Quite a Bit!

Kristian Knutsen Live Blogs tonight’s Madison City Council Meeting on Isthmus’ The Daily Page:

Tonight’s Madison City Council meeting is likely biggest of the season, as they will take up several items regarding the tavern smoking ban that was enacted on July 1. Since that time, various tavern owners and their political and media allies have inveighed against that ordinance, making it into the hottest and most divisive issue in the city at least since the casino referendum last year. In fact, the amount of interest this has generated probably surpasses that, generating more media heat and public interest in any city policy in years. In addition, the city’s lobbying regs are on the table as well, an issue that has also been a subject of considerable discussion.

An amazing example of sausage making at its finest.

Intelligence in the Internet Age

Stefanie Olsen:

Take Diego Valderrama, an economist with the Federal Reserve Bank in San Francisco. If he were an economist 40 years ago, he may have used a paper, pencil and slide rule to figure out and chart by hand how the local economy might change with a 1 percent boost in taxes. But because he’s a thoroughly modern guy, he uses knowledge of the C++ programming language to create mathematical algorithms to compute answers and produce elaborate projections on the impact of macroeconomic changes to work forces or consumer consumption.
Does that mean he’s not as bright as an economist from the 1950s? Is he smarter? The answer is probably “no” on both counts. He traded one skill for another. Computer skills make him far more efficient and allow him to present more accurate–more intelligent–information. And without them, he’d have a tough time doing his job. But drop him into the Federal Reserve 40 years ago, and a lack of skill with the slide rule could put an equal crimp on his career.

Airline Bankruptcies

The Boyd Group:

Their problems were that they got caught in the headlights by fuel prices that went up a lot faster than they could adjust to quickly. True, both were in the process of getting their labor costs down – something that American, Continental, and United have already done. When jet-A went to over $2 a gallon, the immediate need was to conserve cash while labor and other cost reductions were achieved.
Lots of “experts” go into diatribes about how these legacy carriers have unsupportable cost structures and route systems, dating from the days of regulation in the 1970s. Sounds great, but it is more nonsense. It’s missed by these grand prognosticators – most of whom have never worked within the airline industry – that if oil had stayed right where it was at the beginning of last year, as most of us expected, these filings would not have taken place.