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Can You Define Public Relations in Three Words or Fewer?

May 2, 2013

In a previous blog post (“What the Heck is Public Relations?”), I noted that even though we’re supposed to be communications professionals, we’ve done a miserable job defining what we do.

Here’s a chance to remedy that.  Tell me how you would define public relations.  Leave a comment on my blog or in a discussion group.

Who’s Buying TARP Assets?

March 8, 2013

Anyone who’s been reading the gripping coverage about TARP auctions may be wondering why it never mentions the buyers, only the sellers.

Today I found out why: It’s “policy.”

Yes, you remember TARP … the Troubled Asset Relief Program, which initially allocated $700 billion to bailout the financial industry.

At the time, TARP was the largest spending program in history at $700 billion, but President Obama blew it out of the water the following year with his $814 billion “stimulus” program.  Then the Dodd–Frank Wall Street Reform and Consumer Protection Act came along and reduced the amount authorized to $475 billion, marking the first time ever that Chris Dodd and Barney Frank ever authorized legislation to reduce spending on anything.