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Morning Money Quotes

The NYT on the recent terrorist attacks in Beijing:

Chinese investigators have found no evidence that fatal explosions on two public buses in the southwestern city of Kunming were terrorist attacks linked to the Beijing Olympics, a Foreign Ministry spokesman said on Tuesday.

Shysterball on Wallace Matthews’ bizarre Andy Pettitte/Jason Giambi hit piece:

The right way is to approach it from a place of reason and informed judgment. To analyze the players’ performance, perhaps, and see how much of a benefit PEDs actually gave them. Maybe even to rationally scrutinize comments and habits going forward to see whether Pettitte’s and Giambi’s stated remorse for their drug use is legit or not. And certainly to follow up on actual evidence — as opposed to baseless conjecture — to see if either of them have fallen off the PED wagon.

The WSJ on the financial costs of the Beijing Olympics:

Holger Preuss, a professor of sports economics at Johannes Gutenberg University in Mainz, Germany, says Beijing has set a precedent that future hosts, including London, won’t be able to match. “Many [International Olympic Committee] members are already thinking we have to find a way to reduce the size of the Games to make more cities able to really host the Games. Because if it continues — just think of $50 billion — maybe only 10 cities in the world can afford 50 billion.”

The Detroit News on the Lions’ Caleb Campbell, his football career, and his military commitments:

Campbell is in a crossfire on multiple fronts: conflicting views among active and retired servicemen on whether a service-academy graduate should go on active duty immediately; the prospect of facing a grueling pro training camp; and his own ambitions to play pro football and continue his career as an army officer.

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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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