Despite a heavy flow of news stories on fiscal crisis and
spending cuts at year-end 2012, somehow overlooked by major media was President
Barack Obama’s executive order granting federal workers a pay raise, notes Grumpy Editor.
The Weekly Standard’s
Daniel Halper got wind of it and covered the development on Dec. 28.
That was on a Friday
afternoon, a time when most key media are snoozing.
The raise becomes effective March 27.
As an example of the pay increase: Vice President Joe Biden will make $231,000 a year, up from
$225,521.
See how other federal workers fare here:
Halper points out
that a senior Republican
congressional aide who reviewed the executive order and consulted with the
Congressional Budget Office says the pay raise for federal workers will cost
$11 billion over 10 years.
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“Fiscal cliff”
much overused by media in 2012
Fiscal cliff, meanwhile, was
one of the most overused phrases by print and broadcast media in 2012.
Yet, the phrase is now new.
Some writers credit Federal Reserve Chairman Ben
Bernanke with the words when he warned the House Committee on Financial
Services last Feb. 29 of the coming “fiscal cliff” that would take effect with upcoming
spending cuts and tax increases.
Annalyn Kurtz, a reporter at CNNMoney, finds the earliest reference to the term was in a 1957 New York Times article on home ownership.
Kurtz also notes Sen. Jim DeMint (R., S.C.) used
fiscal cliff in 2008 in describing Obama’s spending program while Reuters used the phrase in several
articles two weeks prior to Bernanke uttering the words in February.
* * * * * * * * * *
Future
owner candidates eye Tribune Co. assets
Now that Chicago-based Tribune Co. enters 2013 emerging from bankruptcy, talk centers on
new owner candidates.
Tribune
Co. properties include the Los
Angeles Times, Chicago Tribune,
Hartford Courant, Orlando Sentinel, South Florida Sun-Sentinel, Baltimore Sun,
Daily Press (Newport News, Va.), The Morning
Call (Allentown, Pa.) plus 23 television stations.
Coming
out of bankruptcy, senior creditors Oaktree Capital Management, Angelo, Gordon
& Co. and JPMorgan Chase & Co. now control the Tribune Co.’s portfolio of publishing and broadcasting assets,
which are expected to be sold.
Among names mentioned as possible future owners:
Aaron Kushner, owner of the Orange County Register.
Rupert Murdoch’s News Corp. (for the Los
Angeles Times).
Doug Manchester, San Diego real estate
developer who bought the Union Tribune
(now U-T San Diego) newspaper in
2011.
Austin Beutner, former venture capitalist and former deputy mayor of
Los Angeles (for the Los Angeles Times).
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In case you missed these...
Ten minutes into the 2013
Tournament of Roses parade yesterday, it was cutaway time in coverage for ABC and NBC networks which decided to air commercials just as the 100-plus-member precision-marching Marine Corps band passed the reviewing stand. But the HGTV network, without commercial interruptions throughout, showed
all…The Pasadena parade included the first Defense
Department float. It depicted
the Korean War Veterans Memorial in
Washington, D.C. while an added attraction was an Air Force B2 bomber timed to fly over the reviewing stand at 1,000
feet as the Korean War float passed…The Food
and Drug Administration moved toward approving genetically-modified salmon
for human consumption…Chicago’s Sun-Times
Media Group said it will consolidate its suburban newspaper chain…Most
discussed story on news/talk radio in
2012 was the presidential election, topping chatter on the fiscal cliff,
according to Talkers magazine…A dopey
move by District of Columbia police was starting an investigation of David
Gregory, Meet the Press host, after
he held up to NBC cameras a
high-capacity magazine during a gun control discussion. Police said possession of a
high-capacity magazine was not permissible. One wonders if police would get as excited if a Washington Post photographer, for
example, used a similar magazine to illustrate a story on guns.
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Note: Going into 2013, Grumpy Editor with
daily postings since September 2006, will now appear in
expanded format weekly.