Most Recent Posts

The federal budget deficit will fall in 2015, the sixth consecutive year of decreases relative to the overall economy, according to new figures by the Congressional Budget Office. The office also says the U.S. economy will expand at a "solid pace" over the next few years.

The estimate for 2015 stands at $468 billion, a modest improvement on the 2014 budget deficit of $483 billion. Both numbers are solid improvements over the $680 billion shortfall that was recorded in 2013.

But as is often the case with economic news, the picture isn't completely sunny. The main problem is the overall federal debt, which the nonpartisan CBO notes is already at historically high levels when measured against the U.S. economy.

From the budget agency:

"CBO expects that federal debt held by the public will amount to 74 percent of GDP at the end of this fiscal year — more than twice what it was at the end of 2007 and higher than in any year since 1950 (see figure below). By 2025, in CBO's baseline projections, federal debt rises to nearly 79 percent of GDP."

As you'll recall, U.S. debt levels soared in the early years of the economic crisis, as the government spent money to try to cope with the crisis even as revenues plummeted. In 2009, for instance, the budget deficit stood at 9.8 percent of the U.S. GDP; this year, it's projected to be 2.6 percent.

While the next few years could be relatively smooth for the U.S. economy, the CBO says several elements will challenge the budget over the next 10 years:

"The aging of the population, the rising costs of health care, and the expansion in federal subsidies for health insurance that is now under way will substantially boost federal spending on Social Security and the government's major health care programs relative to GDP over the next 10 years."

federal deficit

federal budget deficit

Whether it was the $85,000 personal submarine craft, the telepathic obstacle course or the yeti yard ornaments we could never quite afford, in-flight catalog SkyMall — and the kitschy items sold inside its pages — is going to be hard to forget.

The Two-Way

Goodbye, Garden Yeti: In-Flight Catalog SkyMall Files For Bankruptcy

Media

From A Frequent Flier To SkyMall, Thanks For The Memory Foams

On Friday, SkyMall's parent company filed for bankruptcy protection and announced that its assets would go up for auction in late March. So in preparation for the catalog's possible disappearance from our seatback pockets, we asked people how they'd remember SkyMall. Some of you wrote heartfelt testimonials. A few made it into this post, but there were many more. Here's a sampling:

SkyMall's write-on map inspired an entire math education program in New Mexico, as Martha Riecks explains:

"While on a flight to an education conference in 2003, Scott Laidlaw, a middle school math teacher, opened up a Skymall Catalog and saw the 'World's Largest Write On Map.' He immediately envisioned his students trading merchandise while exploring the world in the 1600s.

"When the map arrived, it took up his entire classroom when spread out, and was soon covered with over 3,000 sticky notes. Students made small wooden ships, learning ratios and proportions as they enacted the spice trade. For six more years, Laidlaw developed and implemented new semester-long historical fiction math games."

Laurie Harari of Delray Beach, Fla., considers SkyMall items such as the doggy stairs aspirational:

"SkyMall has kept me going on my journey to get a real job someday. Since I was a small girl, I envisioned one day graduating from college, making a lot of money at my job, and having a really really tall bed. Beside that tall bed, I would have those doggy stairs that SkyMall sold in its catalog."

This blogger may be partial to the garden yeti, but a lot of you professed your love of the zombie yard ornament (seen above). Medical school student Mehwish Farooqi wrote:

"I am disappointed that someday after medical school and my eventual pay off of my student loans, I will no longer have the opportunity to purchase a zombie yard ornament such as this. It was something to look forward to."

SkyMall's demise also is a financial hit for those vendors whose wares are featured in the catalog, as Car-Dek President Joe Volpe shares:

"We are one of the suppliers that is going to take a big financial hit by this bankruptcy. Our product, the Petdek, was sold by [SkyMall] as the "All in one carrier" for carrying pets and cargo in the back seat of vehicles. It was one of the most successful products they have ever sold and were averaging over 130 a month for retail sales of $165,000 last year. We manufacture in the US so quite a few people are going to be affected by this. Luckily we have many other vendors for our product, but this loss caught us completely off guard as they kept telling me they were financially solvent."

SkyMall art by Kevin and Miles Taylor. Kevin and Miles Taylor hide caption

itoggle caption Kevin and Miles Taylor

And what happens to all the in-flight guerrilla art projects that SkyMall inspired? Miles Taylor of Austin, Texas, explains:

SkyMall inspired a running guerilla art project. Miles and Kevin Taylor hide caption

itoggle caption Miles and Kevin Taylor

"We would take SkyMall magazine (which I remind you is 'yours to keep') and we would alter the images using various markets and pens. After filling the magazine with our little gags, we would take pictures on our phones and return the magazines to the seat pockets in front of us. Did any of you every come across our altered SkyMall magazines on your flights?"

Not to by outdone, Paul Madore of St. Paul, Minn., sent in a poem with stanzas full of actual SkyMall items available for purchase. This is called "Poem #18: Random Crap":

A grill cleaning robot

video screen microscopes,

a "Snow Joe" brand snow broom

with handle that telescopes,

An electric blue corkscrew,

personalized wine stopper,

a "Sheng Kwong" metal gong,

an old-time corn popper,

An illuminated zipline,

a poole-themed clock (quartz),

a paper towel rac

housing four USB ports,

talking Smurf toothbrushes

a king crab-shaped chair,

remote-controlled shark balloon

that inflates with air,

All these and more

you can greedily eyeball

while flying in comfort,

please enjoy "SkyMall"

skymall catalog

sold

skymall items

skymall

magazines

Tom Toro didn't always dream of becoming a cartoonist at The New Yorker. Sure, he drew cartoons in college, but he didn't see that as a career path. Instead, he went to film school at NYU.

Then he came to the sudden realization that he was in the wrong field — and he had no idea what he was going to do.

"Up to my neck in debt, directionless, feeling lost in the huge city," Tom Toro says. "I went into a pretty dark depression. I ended up dropping out of film school. I floundered around for awhile, and I finally just had to come back home."

He says moving back in with his parents was an adjustment. He remembers the long, quiet dinners sitting around the table trying to make conversation.

"I had sort of been a golden child," he says. "I was valedictorian in my high school class, I went to Yale, I got into NYU right out of undergrad, and all of a sudden, I'm back at home. And I don't think my parents really understood what I was doing there. And I almost didn't understand myself."

i i

Tom Toro/The New Yorker

Tom Toro/The New Yorker

One afternoon, Toro went to a used book sale in his hometown. He opened a cardboard box and found an old stack of magazines.

"For some reason, I was drawn toward them and I started riffling through them," he says.

They were stacks of old New Yorkers.

"There they were, these cartoons in among the articles," he says. "I don't know. Something just clicked. And I started drawing again."

Toro decided to submit some of his work to the magazine. But he had no idea how.

"So I just sent them to The New Yorker by post," he says. "I would walk from my parents' house down to the post office and mail off these packets of cartoons that I was sketching together every week."

Shortly after, he received a reply in the mail: It was his first rejection note.

"It's like two of the most elegantly phrased sentences," he says. "The New Yorker found the way to most courteously and most briefly reject people. It's just beautiful. You feel so honored to receive it and yet it's a brushoff."

i i

Tom Toro/The New Yorker

Tom Toro/The New Yorker

A year and a half later, Toro had a pile of rejection letters. But instead of feeling discouraged, he says it only fueled his determination.

He traveled across the country just to introduce himself to Bob Mankoff, the cartoon editor at The New Yorker.

"I went in, he looked at my stuff, I was just nervously sitting there waiting for him to say something," Toro says. "And I remember he looked up and said, 'I don't see any joy in these. These aren't ready yet.' "

Toro says that's the comment that stuck with him.

"So I went back home and I just threw everything that I had done previously out the door, sat down with a blank sheet of paper, and just tried to draw from the heart," he says.

Toro was still receiving rejection letters in the mail, but he says his cartoons were getting better. Toro was finding his style.

And then, one day, he wandered into his mom's office to check his email.

i i

Above, Tom Toro's first cartoon picked up by The New Yorker. The 610th drawing he had submitted to the magazine, it was published the week of his 28th birthday. Tom Toro/The New Yorker hide caption

itoggle caption Tom Toro/The New Yorker

Above, Tom Toro's first cartoon picked up by The New Yorker. The 610th drawing he had submitted to the magazine, it was published the week of his 28th birthday.

Tom Toro/The New Yorker

"Went in there, logged in, and there sitting at the top of my inbox was an email from [Bob Mankoff's] assistant," Toro says.

The subject line read, "Cartoon Sold."

It was Toro's 610th drawing that he submitted to The New Yorker.

"That was the lucky number, you know?" he says. "If at first you don't succeed, try and try and try and try and try and try and try again."

We want to hear your big break. Do what Tom Toro did and send us an e-mail at mybigbreak@npr.org.

New Yorker

Cartoons

Ukraine's President Petro Poroshenko says he will "calm" fighting between his forces and Russian-backed separatist in the country's east a day after rocket fire killed 30 people in and around the port city of Mariupol.

Poroshenko, speaking after an emergency meeting of Ukraine's security council, said reviving a shattered peace deal agreed in September was the only way out of the conflict.

The Ukrainian leader also said that, in case there was any doubt, that intercepted radio transmissions showed conclusively that it was the rebels who attacked government-held Mariupol, hitting an open-air market and a residential area.

The Associated Press notes that "the attack on Mariupol, a strategically situated port city that had been relatively quiet for months, alarmed the West and looked likely further to aggravate relations with Russia."

President Obama, speaking in New Delhi, said the U.S. was prepared to "ratchet up the pressure on Russia" to get it to stop supporting the separatists.

"We are deeply concerned about the latest break in the ceasefire and the aggression that these separatists — with Russian backing, Russian equipment, Russian financing, Russian training and Russian troops — are conducting," Obama told a news conference in India.

"I will look at all additional options that are available to us short of military confrontation and try to address this issue. And we will be in close consultation with our international partners, particularly European partners," he said.

The BBC has a bit of background:

"More than 5,000 people have been killed in fighting since the rebels seized a large swathe of Donetsk and Luhansk regions last April, UN officials say. More than a million people have been displaced.

"Ukraine and the West have accused Russia of arming the rebels and sending its troops into Ukrainian territory.

"Russia has denied directly arming the separatists, and blames Ukraine for the upsurge in fighting."

crisis in Ukraine

Russia