Morning Money Quotes

Tom Knott of the Washington Times on the Beijing Games:

The Beijing Games promise to give Americans an opportunity to rethink their view of the Asian behemoth. Americans often object to China’s most egregious practices in theory but support them with their pocketbook.

The Caucus on Sen. John McCain’s recent visit to Yankee Stadium:

After the Saturday night fundraisers, during a helicopter ride back to Manhattan, Mr. McCain was asked about his baseball loyalties before the Arizona Diamondbacks franchise began playing in 1998. His response, immediate and unequivocal, was one not likely to please the thousands of Yankee fans in whose company he was going to spend his Sunday afternoon: he had been a Boston Red Sox fan.

The WSJ on how expected changes to the U.S. tax code could affect the sale of the Pittsburgh Steelers:

Adding urgency to the Pittsburgh transaction is the prospect of a Democratic President in 2009 who opposes repeal of the death tax and wants to raise the tax rate for capital gains. Barack Obama has promised to raise the rate from 15% to at least 25%, and perhaps the Clinton-era peak of 28%.

The NYT on a federal appeals court’s overturning the FCC’s record fine levied against CBS for the Janet Jackson/Super Bowl halftime show “wardrobe malfunction”:

“Like any agency, the F.C.C. may change its policies without judicial second-guessing,” the court said. “But it cannot change a well-established course of action without supplying notice of and a reasoned explanation for its policy departure.”


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