The Daily Grind
6:40 AM, Dec 7, 2009 • By MARY KATHARINE HAM
How much does Sarbanes Oxley cost? "Section 404 is still consuming more than $2.3 million each year in direct compliance costs at the average company. The SEC's survey shows the long-term burden on small companies is more than seven times that imposed on large firms relative to their assets. Are the internal controls audits helpful? Among companies of all sizes, only 19% say that the benefits of Section 404 outweigh the costs."
Photos: Kennedy Center honorees wear silly medals.
Jay Cost on why the public doesn't like Obamacare: "Another problem for the bills is the Congress. It's heavy involvement has to be acknowledged as a cost, again because of the uncertainty inherent to the bills. RealClearPolitics currently shows congressional job approval at just 27%. That matters for these bills. If voters cannot evaluate the bills for themselves, they have to trust that Congress has written them well."
1,200 limos, 140 private planes and caviar wedges: Welcome to the climate summit!
Hmmm, Obama changes his Copenhagen plans: "NBC's Chuck Todd reports that Obama will now NOT be heading to Copenhagen on Wednesday. He'll head there on Dec. 18th. He will still, however, go to Oslo Wednesday to pick up that Peace Prize."
Wolfowitz and Baucus: Girlfriends and double standards.
Conveniently, international stories of scientific corruption and policy strong-arming that run against NYT's institutional bias not considered "three-alarm stories" by NYT ombudsman.
Palin at the Gridiron: If the election had turned out differently, she said, "I could be the one overseeing the signing of bailout checks and vice president Biden could be on the road selling his book, 'Going Rogaine.'"