The number one single today in 1968:
The number one single today in 1973:
The number one British single today in 1976:
The number one single today in 1968:
The number one single today in 1973:
The number one British single today in 1976:
This requires some bombastic music first:
From Bloomberg:
Rupert Murdoch’s News Corp. (NWSA) is taking steps to start a national U.S. sports network on cable television aimed at challenging Walt Disney Co. (DIS)’s ESPN, according to people with knowledge of the situation.
News Corp. is assembling the required rights from pay-TV carriers and sports organizations, said the people, who requested anonymity because talks are private. While a final decision to move forward hasn’t been made, the company is considering converting its Fuel action-sports network to the new channel, two of the people said.
With a national network, Fox would join Comcast Corp. (CMCSA)’s NBC Sports Network and CBS Corp. (CBS)’s CBS Sports Network in taking on the dominant ESPN. News Corp. last year secured rights to the Pac-12 Conference and Big-12 Conference games and owns 20 regional sports networks. The company in October won TV rights to soccer’s World Cup in 2018 and 2022. …
Fuel, a 24-hour action-sports network that carries mixed- martial arts fights, is available in 36 million U.S. homes, according to Fox.
In addition to Fox Sports Net regional channels and Fuel, News Corp. owns motor-sport network Speed, available in 78 million homes, the Fox Soccer Channel, the Big Ten Network, a partnership with the college sports conference, and Fox College Sports, consisting of Pacific, Central and Atlantic regional networks. News Corp. also shows games on broadcast television through Fox Sports.
Big Journalism adds:
News Corp’s involvement in the sports entertainment field would be a massive step forward for competition in the marketplace. They already own the rights to broadcast Dodger games in Los Angeles. For too long, ESPN has held a full monopoly – and it has had some political consequences, with ESPN routinely taking the liberal line on everything from ownership/union disputes to touting of President Obama.
That paragraph contains one arguable point. The worst reason for Fox to try to take on ESPN is political. Rupert Murdoch is a right-winger, but he does things to make money, not merely to score political points or exert influence. Moreover, in our overpoliticized world it is nice to find an area where politics can be avoided. I suspect no ESPN viewer watches for the purpose of finding out ESPN’s political take on the sports subject du jour.
It’s not as if there aren’t already a lot of sports choices out there beyond ESPN and Fox. The former CBS College Sports is now the CBS Sports Network. If the National Hockey League still existed, you could watch hockey on NBC Sports, formerly Versus, formerly the Outdoor Life Network. The regional Fox Sports channels are getting competition as well from Comcast (partly owned by NBC Universal) in 11 markets, including Chicago. Each of the major pro team sports has its own cable channel too.
But betting against Murdoch’s ability to take on the ESPN empire would be unwise. In addition to all the Fox Sports iterations, News Corp. started Sky Sports, which became Great Britain’s number one sports channel by purchasing the rights to sports leagues away from the BBC. Fox has rights to the NFL, college football and Major League Baseball, and the Fox Sports affiliates broadcast baseball and college and pro basketball. Fox owns 49 percent of the Big Ten Network too. Finding programming will be the least of Fox’s concerns, on TV or radio, given that Fox Sports Radio already exists. (And if you’re looking for an announcer, Rupert — may I call you Rupert? …)
Fox Sports has been a TV sports innovator, sometimes in good ways (continuous score and time, the first-down line), sometimes not (the glowing hockey puck and assigning Terry Bradshaw and Jimmy Johnson to announce an NFL game with no play-by-play announcer). I always find amusing watching ESPN Classic or the Big Ten Network carry pre-’90s games in which the score is rarely on the screen. CBS, NBC and, yes, ESPN had to be dragged kicking and screaming into the modern era of TV sports thanks to Fox, which correctly figured out that putting the score on the screen didn’t invite people to merely channel-surf.
Another reason to root for Fox comes in a Bloomberg comment:
ESPN is unwatchable these days, as every studio show has some loudmouth pundit like Skip Bayless, Jon Barry, Colin Cowherd, Steven A Smith, etc. I could go on and on! I grew up with ESPN in the 80’s/90’s and somewhere in the last 10-15 years that channel seems to be run by a bunch of College Kids who are leaving the frat house after a night of heavy drinking. They have to hype EVERY story, (Lin-sanity is just one example) and shove it in your face like there is no tomorrow, instead of just reporting the story and having a civil debate on it. The only reason they can get away with it is they have a monopoly, as the casual sports just goes to ESPN simply because there is no place else to go. With the advent of NFL, NBA, NHL and MLB Network along with Regional Sports Networks, I left ESPN a long time ago, but those networks still cater to the diehard sports fan. Hopefully FOX and NBC Sports can be a valid atlternative the same way FOX and MSNBC are to CNN these days. More competition is always better for the consumer!
The print compliment to this is ESPN The Magazine, which for design reasons is unreadable for those beyond eighth-grade reading skills. ESPN The Magazine sees itself as a competitor to Sports Illustrated (SI’s Swimsuit Issue, meet ESPN’s Body Issue). But ESPN The Magazine will find out what Sport magazine and Inside Sports found out — covering sports on a monthly basis is practically impossible. (Doing a Super Bowl preview a month out is practically impossible, and covering a Super Bowl a month later is old news.)
For a variety of reasons, I hope Fox Sports’ national venture succeeds. I would like to see sports covered as sports, not as sophomoric attitude and less-than-informed opinion, which is what ESPN has become when it ventures outside covering games.
First: I will be on Wisconsin Public Radio’s Joy Cardin program today doing the 8 a.m. Week in Review segment. (My prerecorded self will also be on at 9 p.m.)
Wisconsin Public Radio’s Ideas Network can be heard on WHA (970 AM) in Madison, WLBL (930 AM) in Auburndale, WHID (88.1 FM) in Green Bay, WHWC (88.3 FM) in Menomonie, WRFW (88.7 FM) in River Falls, WEPS (88.9 FM) in Elgin, Ill., WHAA (89.1 FM) in Adams, WHBM (90.3 FM) in Park Falls, WHLA (90.3 FM) in La Crosse, WRST (90.3 FM) in Oshkosh, WHAD (90.7 FM) in Delafield, W215AQ (90.9 FM) in Middleton, KUWS (91.3 FM) in Superior, WHHI (91.3 FM) in Highland, WSHS (91.7 FM) in Sheboygan, WHDI (91.9 FM) in Sister Bay, WLBL (91.9 FM) in Wausau, W275AF (102.9 FM) in Ashland, W300BM (107.9 FM) in Madison, and of course online at www.wpr.org.
That is not really media news. This is, from Madison.com:
A shakeup at WTDY radio, 1670 AM and 106.7 FM, has left several broadcasters out of work, including longtime Madison radio personality John “Sly” Sylvester.
“Message to everybody: I just want to inform you that today was my last day of employment at WTDY,” Sylvester posted on his Facebook page Wednesday. “After 15 years, I was told that my services were no longer needed. I would like to thank everybody that’s supported my program. It’s been a pleasure to share this wonderful experience with you.” …
Amy Barrilleaux, WTDY news director, said in a tweet that “WTDY is no longer news talk. That’s all I know.” Barrilleaux tweeted that she is among those who lost their jobs Wednesday.
You may recall (or you may not; that’s what archives are for) that I made a couple of guest appearances on Sly’s show as the non-liberal ex-Madisonian, or something like that. That all started with my daring to criticize my hometown, reaction to which took an entire hour of his show and led to my first appearance.
Much of the online reaction to Sly’s firing was outrage. Those people may not grasp the fact that radio is a business like any other; it’s about making money, and if WTDY’s format didn’t make enough money for its owners, management feels the need to make a change. Sly was useful to WTDY as long as he was bringing in listeners and thus advertising revenue. Those complaining about Sly’s firing and promising never to listen to WTDY — well, I’m guessing WTDY wasn’t counting on them as future listeners anyway.
James Wigderson visually demonstrates why WTDY’s owner felt compelled to make the format change:

Other reaction was in the category of schadenfreude, or the related observation that votes have consequences. (See? I told you unemployment would increase if you voted for Obama!) Sly arguably brought on that schadenfreude upon himself for some of his more hateful rants over the years. Having been unemployed myself, however, I don’t share in celebrating someone else’s unemployment. (Except for politicians.) Unemployment sucks. The fact that Sly was frequently classless on the air doesn’t mean his detractors need to be. (The funniest comment, referring to Sly’s previous radio gig: “Just like a vinyl from hell, Sly will never die.”)
David Blaska chronicled Sly’s wanderings over the line of taste, which include this. The thing is, though, WTDY didn’t fire Sly because of what Sly called Lt. Gov. Rebecca Kleefisch or WIBA radio’s Vicki McKenna. WTDY fired everybody, presumably on the way to a format change. (Including WTDY’s “news” operations, which struck me as more liberal advocacy than news.)
Two lessons come to mind. First: If someone offers you a job in radio, remember what happened yesterday. Sly was on WTDY for 15 years, a liberal talk show host in liberal Madison. I don’t know if he got up Wednesday knowing that was going to be his last day of employment, but he knew after his show. It seems classless (because it is) to fire somebody the day before Thanksgiving, but what do you suppose would have happened if Sly had been told that his last day was going to be some unspecified future date? Given his reputation, it could have lost WTDY its license.
Journalism seems to be getting to the point where it needs to be the second, not first, source of income in a family, not merely because of the traditionally low pay, but because of the less-than-low job security. Anyone who’s worked in radio beyond the smallest markets can tell stories that either happened to themselves or to others of someone who lost their radio job because the owners or managers decided on a format change, or because they were viewed by management as too old.
The other lesson is the difference between Sly and such radio talkers as Rush Limbaugh, Mark Belling and Charlie Sykes. (Besides ideology, obviously.) If Air America’s crash and burn didn’t prove it, this should: Liberal talk radio largely doesn’t make money. If a radio station selling left-wing views doesn’t work in the People’s Republic of Madison, well, markets speak, whether or not you like what they have to say.
There is still a progressive talk station in Madison, WXXM (whose ratings, you’ll note in the graphic, are better than WTDY’s were), but it is largely not local. It is also owned by the company that purchased Sly’s former employer, so I’m guessing Sly is persona non grata there, although one thing I’ve learned from observing radio over the years is that no one is ever truly, finally fired in radio.
Today in 1899, the world’s first jukebox was installed at the Palais Royal Hotel in San Francisco.
Forty-nine years ago at 12:30 p.m., John F. and Jacqueline Kennedy were riding in a motorcade in downtown Dallas.
At the same time, those watching a CBS-affiliate TV station (including probably my mother and grandmother) were watching this:
About seven minutes later, listeners to ABC radio stations heard this:
About three minutes after that, the aforementioned CBS viewers saw this:
Those listening to the biggest Top 40 station in Dallas had their listening to the Chiffons interrupted:
Those watching whatever their NBC-TV station was carrying around 12:45 heard this …
… while those watching WFAA-TV in Dallas at the same time saw this:
Those watching ABC-TV’s rerun of “Father Knows Best” saw this:
From then on, for the first time in history, all three TV networks presented wall-to-wall (or as close as possible; most TV stations went off the air after midnight) coverage of breaking news:
I have great interest in JFK’s assassination and coverage thereof for a couple of reasons. I went to John F. Kennedy School in Madison, so that may be part of it, in addition to my being a media geek.
Coverage of Kennedy’s assassination came a year after the Cuban Missile Crisis, which would have qualified for breaking news had the technology existed to bring live bulletins beyond someone sitting in front of a camera or microphone reading a script.
What is interesting from viewing the coverage is the quality of most of the TV coverage for an unprecedented (for TV) event. It was far from perfect (the ABC-TV coverage is particularly difficult to watch early on), but live remote reports were rare even when they could be set up in advance, let alone when they needed to be set up on the spur of the moment. NBC had its own problems getting a telephone report from Robert MacNeil (later of PBS’ MacNeil–Lehrer Report).
In comparison, the local radio coverage left something to be desired. Perhaps it’s because coverage standards have changed, but it blows my mind (pun not intended) that radio stations would report that the president had been shot in their own city, and then go back to their usual programming (music and, in one case, a Bible program). One reason is that radio news reporters were strewn all over the area to cover Kennedy’s several appearances in Fort Worth and Dallas. One station went between its own coverage and CBS radio coverage, while another went between its own coverage and NBC radio coverage, which also incorporated NBC TV coverage.
TV initially did the same thing. Imagine today watching, say, reports that a plane has crashed into the World Trade Center in New York, and then being asked to stay tuned for later bulletins. In the nearly five decades since today, viewers expect wall-to-wall coverage, whether or not actual news is broadcast or repeated endlessly intertwined with less-than-factually-based observation and speculation.
There were mistakes, because there are always mistakes in such coverage. Lyndon Johnson was reported to also have been shot and to have had a heart attack. (Imagine the panic that briefly created.) A Secret Service agent was reported to have died. (Oswald killed a Dallas police officer after shooting Kennedy.)
Since there was no such thing as a minicam and satellites weren’t in much use yet, there is no tape of the actual announcement from White House assistant press secretary Malcolm Kilduff:
Nearly everything (except for CBS-TV’s NFL games on Sunday, since, unlike the American Football League, the NFL did not cancel games Nov. 24, a decision NFL commissioner Pete Rozelle later regretted) was knocked off the air for the next four days. That included NBC’s “Bob Hope Chrysler Theatre” on Friday, CBS’ Jackie Gleason and “Gunsmoke” Saturday, and CBS’ Ed Sullivan and NBC’s “Bonanza” on Sunday.
One is struck on watching the coverage how Kennedy’s assassination emotionally affected those covering it in a way I doubt would be repeated in today’s cynical age:
From nearly 50 years later, some reporters and commentators sound as if they were in the tank for Kennedy — or, more accurate, Kennedy the image:
A rather clear-eyed, even cold commentary came from NBC’s Edwin Newman, a UW grad:
Newman’s colleague, Chet Huntley, gave a commentary that might have to be repeated in our currently overheated political atmosphere:
Had I been a columnist or commentator (who might have actually voted for Kennedy instead of Richard Nixon) in late November 1963, I might have peered through my glasses or newfangled contact lenses, puffed on my pipe, and typed out something like this:
On Monday, Americans will get to witness on television something most have never seen before, except possibly in a theater newsreel — a state funeral. This country’s last state funeral took place in 1945 upon the death of Franklin Roosevelt.
It was noted at the time of President Kennedy’s inauguration in 1961 that this country had an unprecedented number of living former presidents — Dwight Eisenhower, Kennedy’s predecessor; Harry Truman, Eisenhower’s predecessor; and Herbert Hoover, Franklin Roosevelt’s predecessor. It is one of many cruel ironies of this weekend that all three have outlived our youngest elected president.
Kennedy was not our youngest president; that was Theodore Roosevelt, who became president upon the assassination of William McKinley, the last president to have been assassinated before Friday. However, our youngest elected president is also the youngest to have died in office.
Those men who fought in and survived World War II will note the additional irony of one of their own, who had his PT boat cut in two and sunk by a Japanese destroyer 20 years ago, surviving that only to die of violence back in this country.
When you reach the age of President Kennedy, you start to notice when people of your own age show up in the obituary columns. Usually, their deaths are because of heart attacks or car accidents or cancer. President Kennedy projected youth, energy and vitality, thanks in large part to his family. Whether or not you voted for him, most men of President Kennedy’s age or with a young family identified with him much more than with any other president of our memory. And now, Mrs. Kennedy will have to raise their two young children by herself, a widow thanks to, according to the wire reports, a former Marine who left this country for the Soviet Union.
President Kennedy knew much tragedy in his short life. Two of his men on PT 109 were killed in the collision with the Japanese destroyer. His older brother, Joe, died during World War II. One sister, Kathleen, died in a plane crash. Another sister, Rosemary, is retarded and in a nursing home. Mr. and Mrs. Kennedy had a stillborn daughter and another son, Patrick, die shortly after birth earlier this year. The president’s father suffered a massive stroke earlier this year. This latest Kennedy family tragedy is now the nation’s tragedy as well.
Those readers who were around in the 1940s remember where they were when news was reported about the Pearl Harbor attack and the death of Franklin Roosevelt. Now, this generation has its own where-were-you-when moment. This moment, though, reflects poorly on the United States of America.
I tried to write that what-if column from the viewpoint of 1963. (Hence the term “retarded” to describe Rosemary Kennedy, who had a low IQ and was the victim of a lobotomy ordered by her father.) Americans then and now like to think of ourselves as idealists. A lot of Americans got into government because of Kennedy and what he seemed to represent. Even though Kennedy defeated a presidential candidate just four years older, Kennedy represented to most Americans youth and vigor. (We know now from his medical record that that was an inaccurate representation, as was a great deal of his life story.) He also represented nearly unlimited possibility, such as his embracing a flight to the Moon.
Those of my generation have never experienced an assassination of a president, though an attempt was made on Ronald Reagan’s life. So it’s hard to say how we’d react today to a similar event. Much of the reaction would be based on our political worldview, which is the wrong motivation. We are much more cynical today for good reason, and we see politics as a zero-sum game — one side wins, which means the other loses.
Today in 1963, the Beatles released their second album, “With the Beatles,” in the United Kingdom.
That same day, Phil Spector released a Christmas album from his artists:
Given what else happened that day, you can imagine neither of those received much notice.
James Wigderson demonstrates that no currently proposed cuts in government are nearly enough:
Thanksgiving is such a happy time for almost all of us. But over at the Wisconsin Department of Military Affairs (DMA), they’re at DefCon 1, awaiting Turkey Armageddon. Since there is little chance of an attack by Canada this year, the DMA has issued a warning about one of America’s favorite holidays: Thanksgiving will kill you.
“ReadyWisconsin wants you and your family to be safe. Following these simple tips during the Thanksgiving weekend can save you from heartaches, headaches and potential dangers.”
Thanks to the Ghost of Bob LaFollette, we have a state government agency to save us from the Turkey invasion. I’m sure the entire state government swung into action when a wild turkey hit a power line and knocked power near Sheboygan recently. Fortunately it appears to have been a rogue turkey element and not a coordinated attack.
DMA warns that driving on Thanksgiving can be really dangerous. They suggest you check with another state agency, the Department of Transportation (DOT), to see which roads are safe. Unfortunately, the DOT does not have a listing of all of the roundabouts they created so the circles of death may be just over the next hill.
DMA also suggests keeping at least a half a tank of gas in your vehicle at all times. Some people see the tank as half-full, but the pessimists at DMA see the tank as half-empty. You could die if you get trapped going round and round on a roundabout and the gas runs out, leaving you with no heat.
Should you be lucky enough to survive the trip to Grandma’s house (less likely to be impersonated by a wolf thanks to the new hunting season), Grandma’s cooking could kill you.
“Each year more than 4,000 fires occur on Thanksgiving Day.”
If 4,000 fires sounds like a lot, it is. Thanksgiving is such a deadly disaster that the Federal Emergency Management Association (FEMA) took a moment from hurricane relief to create its own website for Thanksgiving fires. However, FEMA says there are only 2,000 residential fires each year. The peak time for these fires is between noon and 1:00 PM, with most of the fires occurring before 4:00 PM. That means after the second football game kickoff you can relax with the pumpkin pie without fear. …
The DMA, with all of the resources of the state government behind it, has some other sound cooking advice, including such gems as, “Set timers to keep track of turkeys and other food items that require extended cooking times.” Cooking until the smoke alarm goes off is frowned upon. …
The DMA’s ReadyWisconsin website does encourage people to click a link to learn more safety tips for surviving the homicidal holiday known as Thanksgiving, but the link refers us back to the original list of safety tips.
Should you keep cans of gasoline next to the stove? Should you trust your drunken brother-in-law with the electric carving knife? What kind of eye protection is needed when pulling apart the wishbone? You’ll just have to figure these things out on your own. Unless, of course, we give the state DMA more money to answer these questions.
First: Someone has messed up the math, because if there are “2,000 residential fires each year,” 4,000 of them cannot occur on Thanksgiving Day.
The biggest point here is the warped priorities of our government and “mission creep” under the guise of “homeland security.” (Which started in the George W. Bush administration.) It would be a nefarious terrorist plot indeed if terrorists succeeded in setting 4,000 kitchen fires tomorrow. Perhaps terrorists created the fog that has socked in much of Wisconsin this morning.
Wisconsin has an Army and Air National Guard. Wisconsin also has a Department of Veterans Affairs. So why does the state need a Department of Military Affairs? Is Gov. Scott Walker secretly planning an invasion to get back upper Michigan? Is there nowhere else in state government to house the Division of Emergency Management? And what exactly is the difference between emergency government and homeland security?
I conclude from the news release Wigderson quotes that there apparently is not enough to do in the Department of Military Affairs if it is sending out news releases about the dangers of Thanksgiving. That is an insult to those serving our country overseas, those who will not be spending Thanksgiving at home with their family. That is also an insult to those who served, and died for our country, before them.
Of the things I am thankful for on Thanksgiving, our government is none of them.
The number one British single today in 1954:
Today in 1955, RCA Records purchased the recording contract of Elvis Presley from Sam Phillips for the unheard-of sum of $35,000.
The number one single today in 1960 holds the record for the shortest number one of all time:
The number one British single today in 1970 hit number one after the singer’s death earlier in the year:
First, the cliff you’ve read about, from Brian Wesbury:
Last week, fresh off the election, it looked like Democrats and Republicans could quickly forge a bipartisan agreement to avoid the fiscal cliff. President Obama was talking about raising taxes but wasn’t wedded to higher tax rates. Meanwhile, Speaker Boehner put higher revenue on the table, as long as tax rates did not go up.
So they could have extended all the tax cuts just one more year – the “Bush” tax cuts dating back to 2001/03 as well as the payroll tax cut – and then gone to work on proposals like the Simpson-Bowles long-term budget plan. Or, in the alternative, they could have kept all income tax rates where they are, including a top rate of 35%, and raised tax revenue from the upscale by limiting itemized deductions.
Instead, President Obama is now asking for $1.6 trillion in higher taxes over ten years, which, in combination with pushback against tighter limits on itemized deductions, requires higher tax rates. In fact, Keith Hennessey, former head of the National Economic Council, thinks Obama and Boehner never meant the same thing when they were talking about tax rates.
Boehner meant not lifting tax rates above today’s top rate of 35%; he thinks Obama meant not lifting the top rate above the 39.6% where it was already scheduled to go next year. …
As a result, it now looks like a toss-up whether we hit January 1 without an agreement. So get ready for the doomsaying punditry to go crazy over the next few weeks.
By contrast, we do not think there is anything special about January 1. Most firms issue their first paychecks of the year on or after January 15th, and would have until that time to change withholding. Taxes on capital gains and dividends earned in 2013 are not due until April 2014. The Alternative Minimum Tax has to be “patched” for 2012, but those who owe AMT generally wait until March or April to pay their taxes.
In the end, we still think an agreement is highly likely because an uninterrupted dive off the fiscal cliff would cause a recession. In the end that agreement will likely contain some higher tax rates for investors. …
Higher taxes on investors would certainly not be good news, but it would also not be a reason to panic or flee from the stock market. From the end of 1986 through the end of 1996 the S&P 500 went up 12% per year, excluding dividends, and the total return was 15% per year. Yes, that includes a huge rally in 1995-96, but it also includes the crash in 1987.
And during that entire period, the capital gains tax rate was 28% and the top tax rate on dividends (treated as regular income) went from 28% to 31% to 39.6%. In other words, higher tax rates on investment than we are likely to get next year did not prevent a bull market.
What really mattered during this timeframe was that the size of government was shrinking. Federal spending fell from 22.5% of GDP to 20.2%. At the time, it was the largest drop in any ten-year period since the wind-down after World War II.
Ultimately, it’s the government spending that matters because spending redirects resources from the more productive private sector to the less productive government sector.
However, a majority of Americans voted in favor of the “less productive government sector” party, didn’t they?
Now, the cliff you haven’t read about, from Big Government:
Some of the largest U.S. businesses will drastically scale back their investments over the next year because of uncertainty caused by the increase in America’s debt, a lack of spending cuts, and President Barack Obama’s insistence on raising tax rates.
According to a Wall Street Journal analysis of securities filings and investor calls, “half of the nation’s 40 biggest publicly traded corporate spenders have announced plans to curtail capital expenditures this year or next.” Businesses are “worried about the future, as profit growth and the global economy slow and the outlook for U.S. government policies remains murky.”
In addition, a Business Roundtable survey that “tracks expectations for sales and investment among its big-company CEOs” found the economic outlook among business leaders was the worst it’s been in three years. …
According to the study, business investments as a whole decreased by 1.3% in the third quarter of 2012, while “business investment in equipment and software—a measure of economic vitality in the corporate sector—stalled in the third quarter for the first time since early 2009.” Corporate investments in new buildings also declined by 4.4%.
Even during the 2007-09 recession, businesses still made investments that helped “propel the recovery” and “boost productivity and profits,” even when they could not bring on new workers.
The outlook now is even more negative, and “unless the business investment slowdown reverses quickly, it could weigh further on growth prospects and the stock market” and make it more difficult for America’s economy to turn the corner.
Want visual evidence? How about a chart of private investment (the only kind of “investment”) as a percentage of gross domestic product since 1947? Note that it’s not going up.
The number one British single today in 1955 …
… on the day Bo Diddley made his first appearance on CBS-TV’s Ed Sullivan Show. Diddley’s first appearance was his last because, instead of playing “Sixteen Tons,” Diddley played “Bo Diddley”:
The number one single today in 1965 could be said to be music to, or in, your ears: