Hasbro stands behind Elmo
In the wake of the resignation of the popular Sesame Street character’s puppeteer, Kevin Clash, amid multiple allegations of sex with minors, the toy manufacturing giant tells The Hollywood Reporter that they will continue to make and back products based on the squeaky-voiced creature.
But is it even possible to raise $1.6 trillion from wealthy households without changing tax rates? Experts say it is. But doing so might be politically infeasible and hugely unpopular.
The possible demise of the Twinkie and its sugary siblings at Hostess dominates the news, even as the Middle East blows up and we hear that Murdoch’s minions will be charged. No accounting for taste.