It may have just been a coincidence that on the eve of Republican presidential candidate Mitt Romney's visit to Israel, President Obama signed legislation that increases U.S. military and security aid to the Jewish state.
But the timing was nonetheless fortuitous for the president, and showed once again the benefits of incumbency in an election year.
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.