Letter From New York 03 20 15 As the snow swirls on the first day of spring…

Outside the window of the office where I am sitting, big white flakes of snow are falling today, the first day of spring. I am hoping that by the time I return from India, winter will finally have loosened its grip on the northeast.

It has been a tiring winter and no on will be sorry to see it go.

I have had a busy day, spending the morning packing for India and then off to a couple of meetings, now with a little space between one meeting and the next so I thought to get off today’s Letter.

Part of the time I was in one of my meetings, the conversation turned to all the changes happening on the media landscape. While I don’t think television networks are going to go away anytime soon, especially since “cord cutting” is real but minimal, I do think we have probably hit some kind of tipping point in the television landscape.

During television’s prime time, people watching Netflix, which has emerged as a behemoth on its own, consume a third of the Internet’s bandwidth. Next year, it will spend more money on content than the BBC, which is staggering.

It is reported Apple will launch a TV service with approximately 25 networks, which will probably only accelerate the changes happening – if it indeed happens. Apple has always seemingly had a love/hate kind of thing going with content. This time, though, I am guessing it will happen.

Media is the business being most disrupted these days it seems to me.

The word “disrupted” adequately describes the relationship between Obama and Netanyahu. Now John Boehner, Speaker of the House, is on his way to pay “Bibi” a visit. The press is wondering if the leaders of the US and Israel can pass olive branches back and forth. Right now there are only hard feelings.

Hard times have fallen on Representative Aaron Schock of Illinois, who abruptly resigned recently. It is being reported that the Justice Department is opening an investigation into his affairs. Subpoenas have been issued, according to sources, and served on his staff in Peoria.

The Iranian nuclear talks have broken off but will resume next week. It is getting very close to the make it or break it moment. We will see what happens.

What didn’t happen in Europe today was that the lights didn’t go out. Europe is far ahead of the US in the use of solar energy and there were concerns that today’s solar eclipse could have a huge effect on the European power grid. Thankfully, it didn’t. Fossil fuels rode to the rescue during the time of the eclipse.

The dollar is down and oil is up which resulted in the market trending higher today. As I am writing the Dow Jones is up 225.

Not up but down is the maximum area of Artic Sea ice this year, at its lowest point in recorded history, in fact.

Vanuatu is still reeling from the effects of Cyclone Pam, communications are still patchy at best and the island nation has been transformed from a lush green tropical forest to a dirty brown now that foliage has been ripped away by the winds. Fires are burning all over the islands that make up the country as residents try to clear the land.

While it is still almost two years before the Obamas leave office, speculation is growing as to where they might live once they leave the White House. It is not expected they will return to Chicago. Today, a major Obama supporter and donor, through a series of companies, purchased the home outside Honolulu that was used in the television series “Magnum, PI” back in the 1980’s. In political circles it is being whispered that the Obamas would like to return to Hawaii, at least part time, when finished in the White House.

Outside, the snow continues to fall, thick, white flakes, swirled around by the wind, giving the impression I am looking into a snow globe.

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