Archive for 2015

TAXPROF ROUNDUP: The IRS Scandal, Day 703. The news continues to drip out, bit by bit.

CORD-CUTTING AND HOLLYWOOD: The Sequel.

On Tuesday, I asked what the unbundling of cable would do to Hollywood. Today, a couple of follow-up notes.

The first is on Viacom’s $785 million write-down, more than half of which was due to the falling value of reruns like “CSI,” “Community” and “30 Rock.” With advertising soft and people shifting away from cable, filling screens with a continuous loop of episodic dramas is no longer as lucrative as it once was.

This has a lot of implications: The value of those sorts of shows may fall, and if you are, like me, more of a fan of original programming that has longer story arcs, you may hope that this means more of the stuff you like and fewer police procedurals. (I still like me a good “Law and Order” marathon.) As well it may. But those cheap reruns also keep networks going during the day, when it doesn’t pay to run original content — and losing the revenue from cable syndication may mean producers demand more money to sell the rights to Netflix. In the long run, that could mean your Netflix subscription costs more.

More broadly, Viacom’s move suggests that the heart of the cable industry is already feeling the disruptions of unbundling, and that more changes are probably coming.

I don’t really care what happens to Hollywood at this point.

POST-HILLARY: Gotta love this cover.

posthillary

ASHE SCHOW: Hillary is not a feminist’s ideal first female president.

If gender is the only thing that matters when hoping for the first female president, then Hillary Clinton can check that box.

But if a role model is actually what’s desired, then Clinton is not that candidate. The message a Hillary presidency sends is that women can achieve anything they want — as long as they marry the right man.

I suppose some might try to make a similar case against Rand Paul this cycle — we all know it was a rallying point against George W. Bush — but there’s one key difference: Paul isn’t running to be the historic first of anything. The first Paul in the White House doesn’t count.

But Clinton is running as someone who can shatter glass ceilings, yet she only shattered those ceilings with the help of her husband Bill. I’ve written previously about how Hillary was made partner at a prestigious law firm only after Bill became the governor of Arkansas. Her election to the U.S. Senate, her 2008 run for president and appointment to secretary of state were only made possible by Bill’s election as president.

Well, marrying well enough to advance one’s station is a traditional female ambition.

SALENA ZITO: Zito: Magnanimity in victory marked Civil War’s end. “President Obama, who has held the presidency throughout this four-year commemorative cycle, has not visited any of the Civil War anniversary events nor remarked about their passing — although he did issue an email proclamation in April 2011 that marked the beginning of the remembrance.” Magnanimity is not one of his hallmarks.

A CAMPAIGN THEME: Don’t be surprised to hear Republicans hammering the president’s party for its routine lawbreaking. “On their own, such things do not sway elections. But eventually, latent impressions do start to matter. In 1976, Jimmy Carter was greatly helped by the general public’s sense that he would bring some honesty back to the White House. In 1980, Ronald Reagan was aided by voters who hoped that their next president would have some balls. In 2000, George W. Bush managed to beat a strong incumbent party at least in part because he vowed to restore some dignity to an executive branch that had been racked by sordid scandals and pettiness. Quite how 2016 will turn out remains to be seen. But I wouldn’t be surprised to hear Republicans hammering the president’s party for its routine lawbreaking.”

Well, that’s low-hanging fruit, for sure.

THE HILL: Border Braces for New Surge. “Migration analysts project that almost 40,000 unaccompanied children will try to cross into the United States from Mexico this year, down almost 45 percent from 2014. That’s still likely to be one of the highest surges on record, however, and is expected to strain border personnel and potentially force Congress to return to the issue when it considers funding for the government. It could also trigger another political fight over the thorny issues of border security and immigration reform, particularly as the 2016 presidential contest heats up over the summer.”

RENSSELAER POLYTECHNIC’S PRESIDENT MAKES A MULTI-MILLION DOLLAR SALARY, but it’s not for academic rigor or backbone: “Rensselaer Polytechnic Institute (RPI) in Troy, New York postponed its screening of American Sniper, scheduled to show April 10, after receiving a request from the school’s Muslim Students Association (MSA) to cancel the screening.”

Pathetic.