It's been a tough decade for the music industry. Revenues have tumbled — from more than $14 billion in 1999 down to $7 billion last year. EMI, one of the big four record labels, was taken over by venture capitalists and then taken over again, after they defaulted, by Citigroup. Now, Universal Music Group wants to buy the recorded music division of EMI for $1.9 billion. But critics say if the two companies merge it will create a superlabel that will dominate the music industry.
What people in New Jersey like about Gov. Chris Christie is his candor — the sense that he's speaking from his heart, instead of a script.
Last summer, as Hurricane Irene barreled toward the Jersey shore, the Republican governor offered a particularly memorable moment during a press conference: "Get the hell off the beach in Asbury Park and get out," he said. "You're done. It's 4:30. You've maximized your tan. Get off the beach."