To be perverse, I'd suggest that for the horse-racing industry, it'd be best that I'll Have Another does not — yes, does not — win the Triple Crown this Saturday.
Oh, certainly, absolutely every year you want a horse to win the first two races — the Kentucky Derby and the Preakness — so that suspense builds and a horse has a chance to win the Belmont and take the Triple Crown. But isn't it better to have the potential winner barely get beat so that the losing streak continues, building interest?
If you have a mortgage on your home, you can deduct the interest from your taxes. It's a popular, well-entrenched policy. But according to one policy adviser to a U.S. senator, "the mortgage-interest deduction, from a purely policy perspective ... makes no sense."
They don't have a plan to save the euro or draw down the war in Afghanistan, nor do they have clear policies on an array of issues, but the German Pirate Party is winning converts and elections with its vision of digital democracy through "liquid feedback."
Despite public relations mishaps and a haphazard organizational structure, the Pirate Party is shaking up the stolid, bureaucratic world of German politics and jolting rival parties with its rising popularity.
Merrill Garbus, the woman behind the experimental folk-rock band tUnE-yArDs, wrote her song "My Country" with the state of the union on her mind. The melody resembles "My Country, 'Tis of Thee" at first but quickly veers into more chaotic territory.
And our last word in business this morning is: Jubilation.
Hundreds of thousands of Britons gathered outside Buckingham Palace last night for the Diamond Jubilee concert, celebrating the queen's 60-year reign. The evening offered a break from Britain's bad economic news and another opportunity to rebrand positively the Royal Family.
Hollywood studios are dealing with big budget flops and the release of G.I. Joe: Retaliation has been postponed until March. Kim Masters, host of The Business, and editor at large for The Hollywood Reporter, talks to Renee Montagne about the summer woes at movie studios.
And here's a reminder of how TV is adjusting to the modern world. Trey Parker, a creator of the animated comedy series "South Park," spoke in Los Angeles at the big E-3 video game industry conference yesterday. And Parker poked fun at the ever wired world of digital entertainment.