Category Archives: Business

Thoughts on the Boeing expansion?

dreamliner

This release from the state Senate GOP…

Boeing has been an incredibly [sic] partner for us as a state. Despite labor unions’ early attempt to interfere with their presence here, Boeing is already creating jobs for over a thousand South Carolinians, with a multiplier effect that touches every part of our state.

 

We overwhelming passed a bill this week that gives Boeing the tools they need to create another 2,000 jobs here. You read that right…ANOTHER 2,000 jobs, and nearly a $1 billion more in capital investment.

 

It’s a great day for South Carolina not only because of the impact these jobs will have in people’s lives, but also because it solidifies our state’s reputation as a go-to destination for world-class manufacturing…

… got me to thinking I should start a thread on this major new industrial investment by our state. This thing’s moving through the Legislature pretty quickly, so don’t type too slowly if you have something to say. A quick summary of the situation from The State:

The S.C. Senate gave final approval Thursday to $120 million in state bonds, two days after the aircraft maker said it would add 2,000 jobs and $1 billion in investment at its North Charleston Dreamliner 787 jet plant. Boeing must meet those employment and investment goals by 2020 as part of the incentive agreement.

Meanwhile, the state House agreed Thursday to fast-track the incentives bill and begin floor debate Tuesday, Speaker Bobby Harrell’s office said…

“We have made a commitment to Boeing and our state keeps its word, particularly when it comes to economic development,” said Harrell, R-Charleston. “This is a good investment for our entire state that will create exciting new opportunities for our citizens and provide our state with huge returns.”…

The 15-year, state-backed bonds would pay for a 320-acre site next to Boeing’s plant at Charleston International Airport and to prepare the property for expansion. The money would not pay for new buildings, state officials said. 

 

Who are the ad wizards who came up with the Figo fiasco?

women

I was really busy last week when this broke, but when I saw it, my first thought was, Who thought this was a good idea?

Then I saw it came from ad designers in India, which caused me to think, Wow, like India’s reputation needed this.

My final thought on the subject — and no story I’ve seen fully answers the question — was, What were they trying to convey about the car? That it had a roomy cargo bay (the copy mentions an “extra-large boot”)? And this was the best way they could convey that? It may be more prosaic, but I think the line I once heard from a Toyota salesman that the Camry had a six-golf-bag trunk was more effective.

The stories I saw only went about this far in explaining:

The most controversial of three advertisements for the Ford Figo, meant to allude to the Indian hatchback’s spacious trunk, showed former Prime Minister Silvio Berlusconi of Italy flashing a victory sign while driving a vehicle with three scantily clad gagged women in the rear. Two other versions of the advertisement show the reality television star Paris Hilton kidnapping the Kardashian sisters and the Formula 1 driver Michael Schumacher abducting three of his rivals.

The advertisements in question were never used for a Ford campaign, but were uploaded by JWT employees on Ads of the World, an international advertising Web site which gives awards for ads submitted by users. They have since been removed from the Web site. Soon after posting, they spread quickly through social media and attracted criticism for their sexist message, particularly as India grapples with numerous high-profile incidents of violence against women…

OK, one more question: Did they think the one with the guys in it made it OK? That would be from the David Brent school of political correctness: “‘Does this make my ass look big?’ It’s not sexist, that’s the bloke saying it – at LAST…”

racecar

Somehow, I can’t bring myself to worry about Michael Dell’s job situation

The Wall Street Journal has been keeping me up-to-date on Michael Dell’s attempt to take the company he founded private.

This morning’s installment of the saga was headlined, “Michael Dell Finds His Deal, And Job, in the Cross Hairs.” An excerpt:

Michael Dell‘s DELL +2.62% plan to gain greater control of his company and take it private began to backfire, as rival bidders for the computer maker floated competing offers that, if accepted, could leave him out of a job.

Blackstone Group LP BX -0.41% and activist investor Carl Icahn delivered separate proposals to a special committee of Dell Inc.’s board before a key deadline for offers expired, people familiar with the matter said. Blackstone has been exploring the possibility of someone else leading the company, according to a person familiar with the matter.

But you know what? I’ve just gotta confess that it’s tough for me to be on pins and needles about the possibility of poor Michael losing his job.

Those of you who understand high finance might set me straight here, but near as I can tell, if he “loses” this fight, he walks away with one of the best severance deals in the history of the planet. His bid is for $24.4 billion. Presumably, the winning bid would be comparable. He controls about 16 percent of the stock.

Of course, a job is about more than money. There’s job satisfaction. There’s one’s place in a community; one’s sense of making a contribution.

But don’t you think the best days for all that are sort of behind him? How will he ever repeat the heady days of founding the company in his dorm room, and seeing it rise to where “Dude, you’re getting a Dell!” was all the rage. Now, the company, and the industry of which it has formed a prominent part, have seen their best days.

Mind you, I am sort of rooting for his bid to take the company private, just on general principles. I say this on the basis of my own experiences working for publicly-traded companies. If I were in his position, I’d want to be private, too.

But I can’t help thinking that for him, personally, the best thing might be to lose his job. Then he could take his cash and go out and do something new and exciting. Or just chill. There’s always that option.

Vista Publix — a local success story

Publix

Well, it finally happened, one day this week.

To be more specific, it happened Wednesday. The thing that happened was that I went to the Publix in the Vista, the one that’s sorta kinda in the old Confederate printing plant, and there wasn’t a single available parking space.

It was lunchtime, and it being Ash Wednesday, I needed some non-meat item for my midday repast, and what would be more appropriate than lentil soup in a convenient pop-top can? Even better, Publix had Progresso soups on sale, buy-one-get-one-free. So now I’m set for Friday as well.

Anyway, while the parking lot is often crowded, that was the first time I couldn’t find any space in the lot. (Rather than continue to circle with others, I went ahead and parked next to Trustus theater.)

So congratulations to the folks who run Publix for their success. But also, congratulations to those city leaders who had the vision to promote the redevelopment of the Vista into a district that could support, and be supported by, such a supermarket, starting with the late Mayor Kirkman Finlay.

More specifically to this case, I congratulate the city leaders who, during the last decade — no longer having The State’s archives at my fingertips, it’s hard for me to be specific as to the date — agreed to help Publix redevelop that property. That involved an investment of city funds in the range of about $300,000.

For years, we on the editorial board would refer approvingly to what we called “the Publix standard” for public investment in the local economy. We adamantly opposed the hotel the city wanted to invest millions to build, own and operate, seeing that as something far better left to the private sector. But the relatively modest ante by the city in return to a much bigger private investment — and particularly one as smart as the Publix — seemed like a nice, reasonable Baby Bear sort of risk (not too big, but just right) for the city to take with tax money.

And it paid off. Which is why I had a little trouble parking to get my lentil soup on Wednesday.

My Top Ten favorite ads from the 2013 Super Bowl

To hundreds of millions of Americans, today is the day after Super Sunday. To me, it’s Monday. (Hey, if I were a football fan I’d use those Roman numbers instead of “2013″ in my headline.)

Still, I took some time this morning to look at the ads from the big event last night for the ADCO blog, and following are the ones I put in my Top Ten. (“Top Ten” may not sound very selective, until you reflect that there were 47 of them. Really.)

Here were my admittedly simplistic, off-the-top-of-my-head criteria:

  1. Does it sell the product?
  2. If it features a celebrity, does it make good use of that star power (or is it just a gratuitous appearance)?
  3. Is it original, clever, creative, witty, funny, whatever?

Anyway, here’s my list:

  1. Time Warner Cable: “Walking Dead” — Definitely sells the product, and most awesome use of star power: Isn’t Daryl everybody’s favorite “Walking Dead” survivor? “Yes, ma’am.” See video above.
  2. Mercedes: “Soul” — Great casting (nobody else can do that evil look like Willem Dafoe), and only Martin Scorsese has made better use of the Stones’ music. I was wondering how they were going to get out of the trap of the Mercedes actually being a devilish temptation; it was handled deftly, by punching the car’s (relative) low price.
  3. Dodge: “Farmer” — Accomplished what the “Jeep” one tried to do, and did it in an unexpected way. This one is the rightful successor to the much-maligned, but remembered, Clint Eastwood one.
  4. Kraft MiO Fit: “Liftoff” — I’m gonna miss that character. Or maybe not. Good thing we have Netflix. My favorite line of his from last episode of “”30 Rock”: When he calls a computer “the pornography box.”
  5. Volkswagen: “Get Happy” — Not a match for the Darth Vader kid, but a laudably original attempt.
  6. Samsung: “The Next Big Thing” — Two of Judd Apatow’s stars took it to one level, Saul from “Breaking Bad” took it to the next.
  7. Toyota: “Wish Granted” — Funny. Good star power. Give it a B+.
  8. Go Daddy: “Big Idea” — Had the hurdle of communicating (to the remaining millions who don’t have their own websites) what Go Daddy, does; jumped over it nicely. Far better than the other GoDaddy ad that everybody’s on about.
  9. Hyundai Turbo: “Stuck Behind” — Loved the “Breaking Bad” reference, if that’s what it was (the guy in the hazmat suit).
  10. Budweiser: “Brotherhood” — Deftly evokes the question, “Can a really big horse be man’s best friend?” (See video below.)

 

Columbia’s Donehue Direct becomes Push Digital

Wesley Donehue’s political tech outfit, which has helped campaigns across the country, is making a change, it announced today:

Top SC political internet firm rebrands as Push Digital
Columbia, SC – January 24, 2013 – Wesley Donehue, founder and CEO of leading political tech firm Donehue Direct, announced today the rebranding of his firm to Push Digital.
The new Push Digital will continue its nationally recognized work in website and application development, mobile marketing, online advertising and targeting, fundraising, brand management, and social media. Push is also reemphasizing its commitment to data collection, management and analytics, something that Donehue has working toward for several years.
“Four years ago when I was asked what the next big tech trend was, I said ‘data,’ and a lot of people rolled their eyes,” Donehue said. “Too many people think data is boring and it isn’t sexy, but we all saw firsthand the results of a data-driven campaign this year in the presidential race. Our goal, quite simply, is to be second to none when it comes to data, and that’s something that will mean big dividends to our clients in terms of their ability to target their message and raise cash.”
Push is one of the few political Internet firms that has run campaigns from top to bottom. Its team has been involved from the state legislative level all the way up to the presidential, as well as numerous marketing campaigns for state parties, issue groups and nonprofit organizations. The team has had broad experience running the political, finance, and communications operations.
Push Senior Vice President Joel Sawyer noted that too often, those branches of the campaigns are “siloed” from one another, and not integrated with regard to technology.
“Part of our new mission with Push is to give clients the tools they need to integrate tech into all aspects of a campaign, and more importantly, making sure all the data integrates,” Sawyer said. “We live in a world where the internet is completely pervasive in our lives, yet too many campaigns out there are run on a model from two decades ago.”
In addition to its political business, Push will continue its work with non-profits and issue advocacy groups. Push will maintain its office presence in both Columbia, South Carolina and San Francisco, California.
Learn more at www.pushdigital.com
Follow us on twitter: @pushdigitalinc

“Politics is always going to be our bread and butter,” Joel Sawyer told me this afternoon. But the kind of increasingly sophisticated data mining that the firm does can “apply to any persuasive endeavor.”

In the past, he said, many campaigns have had volunteers who are willing to wave a sign on a street corner on the one hand, and people who give $10 or $15 on the other — often missing that a sign-waver could well be a donor, and vice versa. What Push Digital will do is pull all of a campaign’s data together and make it work in ways it hasn’t in the past.

Y’all know Joel. He was for awhile Mark Sanford’s press secretary, and was the guy the gov left to hold the bag when he ran off the Argentina. Joel resigned shortly after that, although I don’t ever recall him saying that there was a cause-and-effect relationship between the events.

Wesley y’all will know from all those communications for the Senate Republicans, and from Pub Politics, which just kicked off its new season last night. (Joel fills in for Wesley occasionally, as their business often requires travel.)

Check out Pinterest for a look at the newly-renamed firm’s portfolio.

Good luck with the new identity, guys.

 

One of the newly-renamed firm’s many national clients.

Questionable claims for the AR-15

AR15_A3_Tactical_Carbine_pic1

Just read an interesting piece over at Slate, by a guy who calls himself “a Second Amendment supporter” (although, living in NYC, he doesn’t own a gun — but I guess that’s as close to pro-gun as Slate gets), discussing the claims that the AR-15 is a great weapon for hunting and home defense.

Which seems doubtful to me on both counts. This writer, Justin Peters, cites most of the reasons I already thought that. If I were into hunting, I’d use a rifle (or for birds, a shotgun), rather than a weapon that, as Sean Connery’s Raizuli would say, “fires promiscuously.” A matter of sportsmanship. For home defense, a pistol seems far more practical than a long gun, even a carbine.

But then I’m not trying to sell “modern sporting rifle” to the public.

Here’s the core of the article’s argument:

But the AR-15 is not ideal for the hunting and home-defense uses that the NRA’s Keene cited today. Though it can be used for hunting, the AR-15 isn’t really a hunting rifle. Its standard .223 caliber ammunition doesn’t offer much stopping power for anything other than small game. Hunters themselves find the rifle controversial, with some arguing AR-15-style rifles empower sloppy, “spray and pray” hunters to waste ammunition. (The official Bushmaster XM15 manual lists the maximum effective rate of fire at 45 rounds per minute.) As one hunter put it in the comments section of an article on americanhunter.org, “I served in the military and the M16A2/M4 was the weapon I used for 20 years. It is first and foremost designed as an assault weapon platform, no matter what the spin. A hunter does not need a semi-automatic rifle to hunt, if he does he sucks, and should go play video games. I see more men running around the bush all cammo’d up with assault vests and face paint with tricked out AR’s. These are not hunters but wannabe weekend warriors.”

In terms of repelling a home invasion—which is what most people mean when they talk about home defense—an AR-15-style rifle is probably less useful than a handgun. The AR-15 is a long gun, and can be tough to maneuver in tight quarters. When you shoot it, it’ll overpenetrate—sending bullets through the walls of your house and possibly into the walls of your neighbor’s house—unless you purchase the sort of ammunition that fragments on impact. (This is true for other guns, as well, but, again, the thing with the AR-15 is that it lets you fire more rounds faster.)

AR-15-style rifles are very useful, however, if what you’re trying to do is sell guns. In a recent Forbes article, Abram Brown reported that “gun ownership is at a near 20-year high, generating $4 billion in commercial gun and ammunition sales.” But that money’s not coming from selling shotguns and bolt-action rifles to pheasant hunters. In its 2011 annual report, Smith & Wesson Holding Corporation announced that bolt-action hunting rifles accounted for 6.6 percent of its net sales in 2011 (down from 2010 and 2009), while modern sporting rifles (like AR-15-style weapons) accounted for 18.2 percent of its net sales. The Freedom Group’s 2011 annual report noted that the commercial modern sporting rifle market grew at a 27 percent compound annual rate from 2007 to 2011, whereas the entire domestic long gun market only grew at a 3 percent rate…

Just before that excerpt, Peters cited what I suspect is the biggest appeal of the AR-15: “because carrying it around makes you look like a badass.”

Indeed.

Which is Rothko, and which is ADCO?

Three years ago, the staff of ADCO had our annual Christmas party at Hobby Lobby. After refreshments, each us was given a canvas and paints, and challenged to create something for the walls of our offices.

We were encouraged to paint in the style of Mark Rothko, and most of us cooperated. We were generally pleased with the results, which you can still see today adorning the walls of 1220 Pickens St.

Fast-forward to this year…

Last Thursday, our office Christmas party consisted of lunch at Hampton Street Vineyard, followed by a tour of the Rothko exhibit at Columbia Museum of Art.

Now, here’s a test of your artistic perspicacity: Above and below are images of two paintings. Can you tell which is by ADCO, and which is by Rothko himself?

No cheating! To check yourself, you may look it up on Google Images after you share your answer. You’re all on the honor system, and sure, you are all honorable men. And women.

IMG_1022

Welcome to the new blog!

Yeah, it kinda looks different, doesn’t it?

But it should function much the same. Which I know some of y’all will see as a good thing, others not so good.

This was sort of a quick, semi-emergency move, meant to deal with three factors:

  1. I needed to move to a new host, because my old host — Period Three, which had generously supported me for close to three years — was getting out of doing that sort of thing.
  2. Google had for months been giving an ominous-sounding warning, along the lines of “This site may be compromised” on the search result for this blog. When I looked it up, Google said it was something only my host could solve, and I eventually determined that it was essential to get on a newer version of WordPress, which should clean up the problem. That made the need to move more urgent.
  3. I had not had any working stats for several months (Webalizer had collapsed on me, for reasons I don’t fully understand), so I had no idea what my current traffic was — which is one reason I hadn’t sold more than one or two ads during that period. Which was not good.

Chip Oglesby of Creative Spark Columbia is my new host, and he’s been extremely helpful and responsive, basically getting all of the above and more besides done in a short time span. Chip is a former colleague at the newspaper, who among many other things shot this picture of me (or my shoulder, anyway) with Barack Obama.

Beyond the immediate challenge of dealing with the above three factors, Chip has also solved some knotty problems associated with my old blog, from when I was with the paper. I continue to link regularly to posts and comments from 2005-2009 (to me, one of the best things about the Web is that everything said in the past on a topic can be instantly available), but when you got there, you probably found that the links from that period were broken. Chip has fixed those thousands of links, something I had thought impossible. Now, through this blog, you experience a seamless continuity from May 2005 to today.

Now that the main move has been made, let me know if you identify any problems in your interactions with bradwarthen.com. And yes, I know there are things that readers have long wanted, such as the ability to edit their comments. I intend to try to address those in the near future. But I needed to make this big move first. Thanks for your patience.

Free Times: No Walmart in the old ballpark

This just in from Eva Moore over at the Free Times:

The developer who planned to build a Walmart on Assembly Street says the company has pulled out and he’s searching for another anchor tenant.

Matt Sasser of the Atlanta-based development company Bright Meyers says he has some new anchor tenants in mind but isn’t ready to talk about them yet. He hopes to have one secured by the end of January…

Dang. So there’s going to be a controversial shopping facility of some kind, but now there’s not going to be a handy downtown Walmart.

That sort of seems like the worst of both worlds, but maybe I’m looking at it wrong…

In case you happen to be, or own, a business…

Because, as Mitt Romney says, corporations are people, too, I pass on this advisory from Randy Halfacre at the Greater Lexington Chamber for my friends out there who may be corporations. Or at least own or operate businesses:

It was recently announced that tax information for as many as 657,000 S.C. businesses was compromised as part of the recent cyber attack at the S.C. Department of Revenue.
The State of South Carolina has arranged through Dun & Bradstreet Credibility Corp for free credit monitoring services for all S.C. businesses for the life of the business.
Starting Friday, Nov. 2 at 8 a.m., businesses can register at www.dandb.com/sc/ or by calling 800.279.9881 to receive the credit monitoring service.  After signing up, businesses will be notified of any changes to their accounts.

The Governor’s press conference yesterday regarding the breach is available here.

Durst to head (former) Hospitality Association

This just in from the association formerly known as Hospitality:

Hospitality Association gets new leader and name

Columbia, S. C.—The South Carolina Hospitality Association today announced that John Durst, former director of the S.C. Department of Parks, Recreation and Tourism, is the new President and CEO of the organization, whose membership is comprised of restaurant and hotel owners and operators.
The association, founded in 1993, also announced that it has changed its name to the South Carolina Restaurant and Lodging Association.
Durst, who served as the state’s top tourism official in Gov. Jim Hodges’ administration, took over as head of the state’s most prominent tourism trade group today. His background is in communications and marketing, most recently running the South Carolina office for Carolina Public Relations and Marketing based in Charlotte.
“We were flooded with interest in this position for one of the highest-profile associations in the state,” said Rick Erwin, a Greenville restaurant owner and immediate past association chairman. “But the executive committee and our board quickly came to the conclusion that John’s management skills, coupled with his marketing background, reputation, credibility and passion for our industry, were exactly what we need to position us for the future.”
Among his many awards was the Charleston Convention and Visitors Bureau Golden Pineapple Award for his role in leading the rebound of tourism in South Carolina after 9/11. “We vividly recall how John used his position at PRT to promote our state in a time when people were afraid to travel. We are fortunate to have him as the full-time face of our organization,” Erwin said.
“I am deeply honored and tremendously excited to have been selected to serve in this position,” Durst said. “We will help our members realize a great return on their investment in our Association, increase our membership base, and strengthen our strategic partnerships while becoming an even stronger voice and advocate for our state’s number one industry, tourism.”
With Durst as its new leader, the executive committee and governing board decided to change the name of the association to more accurately reflect its membership, as well as to signal a new chapter in the life of the largest tourism-related entity in the state.“We have a distinguished past, but this last year was filled with tragedy,” said David McMillan of Myrtle Beach, the new board chairman. “Hard lessons have been learned. New policies have been put in place to make sure it never happens again. And today, the South Carolina Restaurant and Lodging Association is looking toward the future in which we will serve our membership and advocate for this state’s largest economic engine more effectively than ever.”
In February, it was discovered that a trusted bookkeeper had embezzled nearly $500,000 from the organization. Tom Sponseller, the President and CEO, committed suicide.
Authorities concluded he was not associated with the crime in any way. The bookkeeper has been sentenced to prison.
Rick Erwin, who guided the association as chairman during the past year and took over as temporary President, outlined financial accountability standards that have been taken in the wake of the embezzlement:
• The association has retained the Hobbs Group (accounting firm) to reconcile and prepare quarterly reports for the board of directors.
• New bylaws require the Finance Committee to review and approve financials before they go to the board.
• A separate audit committee will conduct a comprehensive annual audit of the books.
• Policies are in place to control incoming and outgoing funds to include check logs, separate check writers, duel check signers and bank account and statement controls.
• Wells Fargo Bank’s fraud department will monitor all of the association’s account for unusual activity.
Also attending the news conference to express support for Mr. Durst and the association were Senate President Pro Tem John Courson, PRT Director Duane Parrish and South Carolina Chamber of Commerce President and CEO Otis Rawl.
###

John (brother of sometime commenter Walter), a former president of my Rotary Club, is a good choice, just the sort of guy to settle things down after the roller-coaster ride this industry association has been on, including the suicide of his predecessor and a major misappropriation of funds by another staffer.

I wish him the best.

I’ve GOT an ‘iPad Mini’ — it’s called an ‘iPhone’

Got to say I was seriously underwhelmed by Apple’s news yesterday:

SAN JOSE, Calif. — Steve Jobs once mocked tablets with small screens, saying they would need to come with sandpaper so people could sand down their fingertips to use them. But that didn’t stop his company from shrinking the iPad.

Apple’s iPad Mini, which it unveiled at a press event here on Tuesday, weighs about two-thirds of a pound and has a screen that measures 7.9 inches diagonally, making its surface area significantly smaller than that of the 9.7-inch iPad. Philip W. Schiller, Apple’s vice president for marketing, said the smaller, lighter tablet would be a good fit for people who want something more portable than the 1.44-pound iPad.

The company is selling the lowest price Mini for $330, about $130 more than similar-size tablets from competitors…

So what burst of innovation will they come out with next — an iPad that’s between the iPhone and the mini in size, or one between the mini and the full-size? Or maybe a 60 inch, for that home-theater effect while you’re sitting in the coffee shop?

And in the WSJ in the same news cycle, Walter Mossberg was highly praising the new Microsoft tablet set to come out at the end of the week. Ouch, Apple.

All of this Apple angst brings to mind this hilarious sendup of the iPhone 5 complaints, from SNL a couple of weeks back…

Clark Kent following in my footsteps

Except, get this — the dope doesn’t get laid off. He quits The Daily Planet, a newspaper still perfectly willing to keep giving him a paycheck to do what he does, to become a blogger on purpose.

Of course, I don’t suppose he’ll starve. The whole blog business model probably works a whole lot better when you can squeeze a lump of coal into a diamond whenever your ad revenues run low.

It’s all well and good to argue with your editor over news judgment. Everybody does it. And yeah, I like the touch where you invoke “truth, justice and the American way,” in the pontifical manner of scribes everywhere. But the thing is, you come back into work the next day, when you and the editor and everybody else has forgotten yesterday’s argument, and is ready to start on today’s.

Sorry, but I guess my problem is that I spent most of my newspaper career as an editor, supervising prima donna writers, so I tend to have a bit more sympathy for the multitudinous headaches of Perry White.

Oh, and another thing, Kent: Put on a damn’ tie! Great Caesar’s Ghost..

Death of a newsmagazine

Newsweek covers on the iPad, via The Daily Beast.

Now we have the news that Newsweek will cease publication as of Dec. 31. (Yeah, I know technically, they’re going to continue to publish on the Web, but yet another light content provider on the Web is ho-hum news compared to the end of a print institution. Get back to me when a major, serious newspaper goes all-digital. That will seem like a bold step forward.) From The Daily Beast:

We are announcing this morning an important development at Newsweek and The Daily Beast. Newsweek will transition to an all-digital format in early 2013. As part of this transition, the last print edition in the United States will be our Dec. 31 issue.

Meanwhile, Newsweek will expand its rapidly growing tablet and online presence, as well as its successful global partnerships and events business.

Newsweek Global, as the all-digital publication will be named, will be a single, worldwide edition targeted for a highly mobile, opinion-leading audience who want to learn about world events in a sophisticated context. Newsweek Global will be supported by paid subscription and will be available through e-readers for both tablet and the Web, with select content available on The Daily Beast.

Four years ago we launched The Daily Beast. Two years later, we merged our business with the iconic Newsweek magazine—which The Washington Post Company had sold to Dr. Sidney Harman. Since the merger, both The Daily Beast and Newsweek have continued to post and publish distinctive journalism and have demonstrated explosive online growth in the process. The Daily Beast now attracts more than 15 million unique visitors a month, a 70 percent increase in the past year alone—a healthy portion of this traffic generated each week by Newsweek’s strong original journalism…

I’m not going to be mourning over this one. As you may recall, I referred to the folks in charge of that publication as “the superficial, pandering twits editing Newsweek,” after they had run Nikki Haley on their cover for the second time during her campaign against what’s-his-name, which is the way Newsweek and all national media treated Vincent Sheheen. (Actually, they didn’t even treat him that well; it was like he didn’t exist.) As I said further at the time:

And do they have any serious, substantive reason to do this? Of course not. The putative reason for putting Nikki’s smiling mug on the cover again is to discuss the burning issue of “mama grizzlies.” I am not making this up.

I hope Dave Barry will excuse me using his line there. It just fit so perfectly.

The sad truth is, the American “newsmagazine” is an animal that long ago ceased to be anything of substance. Of course, the genre always had its dismissive critics, but I took TIME from when I was in high school in to my 20s, and there was a lot of serious stuff to read back then, to my young eye.

But in recent years, I’ve only seen these publications in doctor’s offices in recent years, and am unimpressed, generally deciding to put them down and pick up a copy of Smithsonian or something. They look like manic collages, with scarcely a full, sustained thought to be found anywhere in their few pages.

Why can’t this country produce anything like The Economist? Of course, The Economist calls itself a “newspaper” for some quirky Brit reason or other. Maybe that’s the trick to it …

Scott thinks F-35 pretty cool after ‘flying’ it

Remember that previous post about the dog-and-pony show up in North Carolina, the one that was to allow reporters to check out an F-35 simulator?

Well, Lockheed had another one on USS Yorktown in Charleston, and they managed to wow Rep. Tim Scott:

U.S. REP. TIM SCOTT FLIES F-35 COCKPIT DEMONSTRATOR DURING USS YORKTOWN VISIT

F-35 will serve as a cornerstone of global security and create South Carolina jobs

CHARLESTON, S.C., October 18 – U.S. Rep. Tim Scott, (R-S.C.), today joined local elected officials and community leaders on the USS Yorktown at Patriots Point Naval and Maritime Museum to receive an update on the Lockheed Martin [NYSE: LMT] F-35 Lightning II program and hear about its contribution to South Carolina, national security, and the U.S. economy.

During his visit, Scott “flew” the F-35 cockpit demonstrator to experience firsthand how advanced stealth, fighter agility and integrated information systems make the F-35 the most capable multi-role fighter in the world. The cockpit is visually and audibly interactive and provides a realistic look at the F- 35’s performance, air-to-air and air-to-ground capabilities, sophisticated sensor fusion and advanced computational capabilities.

“Coming from a military family, I understand and appreciate that American men and women serving in uniform deserve the best technology that this nation can provide. Those that threaten our country are evolving everyday, and it is essential we stay ahead of them.” Scott said. “There is no doubt the fifth generation, multi-role F-35 Lightning II’s ability to defeat sophisticated surface-to-air missiles and enemy fighters in the air and on the ground will allow us to do just that.

“Our military leadership associated with Beaufort Air Station, McEntire Joint National Guard Base, and Shaw Air Force Base has told me clearly and convincingly that these capabilities are critical to defending our freedoms,” Scott added.

Lockheed officials noted that even at its current low rate of production, the F-35 program supports a broad industrial base of more than 1,300 suppliers in 45 states, contributing to more than 133,000 direct and indirect U.S. jobs and over $17.7 billion in direct and indirect annual economic impact. Those numbers are expected to grow as the program ramps up to full rate production over the next few years.

In South Carolina, the F-35 program generates nearly 123 jobs and more than $5 million annually in direct and indirect economic impact. Currently, there are four South Carolina companies supporting the program.

The F-35 is a supersonic multi-role fighter designed to replace a wide range of aging fighter and strike aircraft. Three variants derived from a common design will ensure the F-35 achieves its security mission while staying within strict affordability targets.

Lockheed Martin is developing the F-35 in conjunction with its principal partners, Northrop Grumman [NYSE: NOC] and BAE Systems, and Pratt & Whitney. Among the aircraft F-35 will replace are the A- 10, AV-8B Harrier, F-16, F/A-18, and the United Kingdom’s Harrier GR-7 and Sea Harrier.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 123,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation’s net sales for 2011 were $46.5 billion.

The USS Yorktown was commissioned on April 15, 1943, and was one of the preeminent aircraft carriers to serve in the Pacific theater of operations during World War II. In the 1950′s, Yorktown was modified with the addition of an angled deck to better operate jet aircraft. In 1958, the ship was designated an anti-submarine aircraft carrier, and served admirably during the Vietnam conflict. Yorktown was decommissioned in 1970 and placed in reserve. In 1975, the ship was towed from Bayonne, N.J. to Charleston to become the centerpiece of Patriots Point Naval and Maritime Museum.

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Hey, if I’d had a chance to go try it out, I’d probably think it was pretty cool, too. At a projected $323 billion, this is “the Pentagon’s most expensive weapons program.” In a budget like that, they ought to be able to come up with something better than my old Microsoft Combat Flight Simulator.

Last night’s debate news (or part of it) this morning — another problem for what’s left of newspapers

OK, so I’m behind the curve today. I got home from final dress rehearsal last night at about 11:30, heated up some dinner, watched a few minutes of both the beginning and the end of the debate (having heard a BBC assessment of it on the radio on the drive home) then watched some of the PBS commentary after the debate, then hit the sack.

But I’m not as far behind the curve as most daily newspapers were in today’s print editions.

Slate calls our attention to today’s front pages (all taken from the Newseum, where you can see plenty of others), which have a sameness about them: They pretty much all say the same thing in their headlines, and most run photos of the same moment, with the candidates’ fingers pointed at each other. Sure, you might find some “analysis” in there somewhere, and the more enterprising (and better-staffed) opinion pages will have some sketchy opinions expressed. As Slate’s Josh Voorhees writes:

As we explained late last night, the insta-polls and the pundits saw a tight contest on the Long Island stage on Tuesday, but one that was won narrowly by President Obama. Given the lack of a clear-cut win, however, it should come as little surprise that a quick scan of the morning’s front pages show the nation’s headline writers and art teams focused on the on-stage clash and largely left the who-won question to the domain of the cable news talking heads (as most papers had likewise done following the previous two debates).

Once, this sameness, this lack of personality or individualized expression was the glory of newspapers. If 10 different journalists from 10 different papers covered the same event, they would all write pretty much the same thing. It was a measure of their professionalism, and the self-effacement that news writing demanded of them. It was about giving it to you straight, unadorned, plain, and God forbid there should be any hint of opinion in it. Who, what, where, when, maybe how, and, if you put an “Analysis” sig on it, why.

The monotony of it didn’t strike the reading public because unless they lived near an urban newsstand, most people only saw one daily newspaper.

But here’s the problem with that today: What newspapers put in those lede headlines today, and what they conveyed in those pictures, was all old news by the time I was driving home from rehearsal last night.

I hadn’t driven more than a few blocks when I knew the conventional wisdom on what had happened. It went something like this: Obama did all the things he failed to do in the first debate, particularly having a strong finish. Romney did fine, although was maybe not quite as sharp as in the first debate. If you’re declaring a winner, it’s Obama, although I didn’t get the sense that he dominated in this debate the way Romney did in the first one, so if you’re going on cumulative totals, Romney’s probably still ahead in this debate series. How this affects the polls remains to be seen.

I had even heard about “binders full of women,” but I was mostly confused by that.

In the post-debate analysis I watched after I got home, I heard David Brooks and Mark Shields give their assessments. Brooks said Obama won because he was able to exploit Romney’s biggest weakness better than Romney was able to press Obama on his biggest weakness. He said Romney’s biggest weakness is that his numbers don’t add up, and Obama’s problem is that he never provides a vision of what the next four years will be like if he is re-elected. Shields said it might surprise everyone, but he agreed with Brooks on all those points.

Since then, on the radio this morning, I’ve heard that “Obama hasn’t sketched a vision going forward” meme several more times.

I was also interested in what a young woman (didn’t catch her name) who analyses Twitter during debates for PBS had to say. I didn’t get as much of an overview of the Twitter take as I wanted because she decided to zero in on the reactions of women. But I’ve found her assessments interesting in the past: What was trending? What were the memes people were obsessing over? What caught on? I’ve become more and more interested in the instant reactions of Tweeters in the aggregate during events like this. It has something to do with the wisdom of crowds. It’s like having sensors attached to the brains of millions of highly engaged, clever voters — which is what the most-followed people on Twitter tend to be.

And I felt left out because I wasn’t on Twitter myself during the debate. Increasingly, that’s where I like to be during these kinds of real-time shared events, sifting through the flood of reaction as it washes over me.

And in a Twitter world, seeing these front pages feels like reading ancient history. No, it’s worse than that. Historians look at the whole of a thing after it’s over and draw conclusions. There’s a wholeness to historical accounts. These reports — and I’m just reacting to the headlines, mind you — don’t do that. They give only the most noncommital account, essentially just telling you that the candidates came together and vied against one another, and there the account ends. The Des Moines Register headline (“Stakes higher in 2nd face-off”) could have been, and possibly was, written before the debate started. (And pre-Gannett, that was one of the best papers in the country for political coverage.)

And I was already so far beyond that, without even trying hard to be, last night — without even having seen the debate.

I’m not saying these papers aren’t doing their jobs well. What I’m saying is that the job they’re doing, within two kinds of constraints — the convention of not drawing conclusions in a news account, and the severe time problem of the debate ending as they have to get those pages to the press room (depending on the edition we’re talking about, a lot of editions went to bed BEFORE that) — fails to satisfy in a Twitter world.

Again, there might be all kinds of good stuff in the stories, but the presentation — the quick impression that a glance at the front page provides — is deeply lacking. It makes you not want to read more deeply. It causes me to want to go read those papers’ websites today, and see what good stuff didn’t make it into the paper. (And the better papers will have something for me when I go there.) Because the conversation has moved, by the time the paper hits your stoop, so very far beyond what’s in those headlines.

Hey, tell me about it…

This parlous news comes over the transom from The Washington Post:

Google and a handful of other tech firms are acting as advertising middlemen for the presidential campaigns, taking a huge cut of the revenue from online ads.

These firms have given the campaigns greater precision in targeting voters, but the process is starving politically oriented media sites in what once was their most lucrative season.

If this were a just world, that revenue would be going to, you know, political blogs and other worthy venues.

What does ‘frivolous lawsuit’ mean to you?

Today at the Columbia Rotary Club, our speaker was Darrell Scott, lobbyist for the S.C. Chamber of Commerce.

He talked about what he does for the Chamber over at the State House, and told some sea stories about his experiences (some people say “war stories;” I’m from a Navy family). The least convincing part of his presentation? A couple of times in explaining a close vote, he referred to the experience giving him “gray hairs.” Sorry, kid — I don’t see ‘em.

Two things interested me in particular. One was the report card on the 2012 legislative session, which included grades for all of the lawmakers. You can see the full report here. I’ve reproduced the scorecard on the senators above. It’s interesting to see who stands well with the Chamber, and who does not. Some observations on that chart:

  • You see the expected split, with most Democrats scoring low and most Republicans doing better.
  • But Democrat Nikki Setlzer, who represents a big chunk of that most Republican of counties, Lexington, scored a perfect 100.
  • John Courson, recently named the Chamber’s 2012 “Public Servant of the Year,” fell a bit short of that, at 94. The disagreement was over the “Business freedom to Choose act (h.4721),” which the Chamber described as “legislation to prohibit local governments from enacting flow control ordinances on solid waste disposal.”
  • Vincent Sheheen, whom the Chamber endorsed for governor two years ago, only scored a 69 — fairly typical of Democrats.
  • That was still better than Tom Davis, who lately has been styling himself the Ron Paul of the state Senate. He got a 68. This reminds us of something — the Chamber is about as enamored of Tea Party Republicans as it is of Democrats, if not less so.

The other highlight of the meeting, I thought, was the exchange that came when attorney Reece Williams got up to ask young Mr. Scott a question. After explaining that he was a veteran of more than 200 jury trials, he asked the speaker how he would define that bete noir of the Chamber, a “frivolous lawsuit.” I enjoyed the way he asked the question — aside from the fact that he presented it in a civil, gentlemanly, even courtly manner (Reece is as nice a lawyer as you’d ever want to meet), as he spoke, he turned way and that to address the “jury” of fellow Rotarians, thereby gently suggesting that he was challenging each of us with the question as well.

The speaker answered him, but his answer wasn’t as memorable to me as what Realtor Jimmy Derrick got up to say in response. After explaining he and Reece are old friends, Jimmy said that he reckoned he had been sued about 200 times himself, and he pretty much considered those actions to be frivolous.

Afterward, I asked Reece what he thought of the answers he’d gotten. He said they pretty much confirmed what he’d thought before: “A ‘frivolous lawsuit’ is one that’s brought against me…”

Is Mitt Romney a bad CEO? No, says this writer

Over at Bloomberg Businessweek, Joshua Green insists that the chaos in Mitt Romney’s campaign does NOT mean that he’s a bad CEO:

Romney’s problem is not that he’s brought too little executive rigor to the job of running for president. It’s that he’s brought too much. He’s behaved too much like a businessman (or a consultant) and not enough like a politician. His campaign has all the hallmarks of being run by someone looking only at the numbers, someone who lacks a true politician’s appreciation for the other dimensions of a race—a feel for the electorate, a convincing long-term plan for the country. Were he forced to defend himself before a board of directors, Romney would actually have a pretty solid case for doing what he has done….

… Romney has scrupulously avoided committing to anything that is remotely unpopular, such as naming which tax loopholes he’d close to pay for his agenda. That is to say, he is doing just about everything a close reading of the polls says you should do, and he’s trying hard not to do anything the polls say you shouldn’t do. If a team of Bain consultants were hustled in to pore over the data and devise a strategy, I doubt they would have devised a meaningfully different campaign.

The problem is that politics is about much more than a tactical, short-term reading of the numbers. Candidate skills matter, and the audience in a presidential election is much more variegated than a board of directors. There isn’t much, frankly, that a stiff guy can do to make himself warm and approachable. (Earth tones, anyone?) The glaring weaknesses in Romney’s campaign—the fuzzy details, the inability to convincingly articulate plan for growth, and above all the weird tics and gaffes—are not ones that a businessman’s skills can rectify.

In other words, he’s more a bad politician than a bad CEO. We are left to conclude what we like about what sort of president he would be.

Something to consider, for all those who still think the silly phrase “run government like a business” makes sense.