President Obama proposed a fiscal budget that includes $3.8 billion in spending and actually put some “comprising” cuts on Social Security and Medicare on the table. Now that these sacred endowments have entered the discussion, battles have started from both sides, which will surely dominate headlines especially as we near the midterm elections. Just in time for tax day. (Maybe we should use bitcoins in the budget . . . They seem to be appreciating bubble-like.)
Margaret Thatcher, the Iron Lady, died, amid heaps of coverage and commentary from compatriots and detractors (And amid lots of controversy, BBC radio did play “Ding, Dong, the Witch…”);
J.C. Penney CEO of Apple retail fame was ousted as the retailer struggled to recover any brand image;
Way notable obit: a Wednesday obituary in The New York Times is worth a read: McCandlish Phillips a former NYT journalist who exposed a Jewish Klansman was called a “tenacious reporter and lyrical scribe” (a rare combo). Phillips “refrained from smoking, drinking, cursing and gambling, each of which had been refined to a high exuberant art in the Times newsroom.” NO surprise, he retired from print to the pulpit.