At what price do we get our news? The role of economics in defining the nature of contemporary journalism has never been better explained. A valuable, important book for those of us who watch, read, or listen to the news.

Matt Drudge's role in the Monica Lewinski scandal] strikes me as a new and graphic power of the Internet to influence mainstream journalism. And I suspect that over the next couple of years that impact will grow to the point where it will damage journalism's ability to do its job professionally, to check out information before publication, to be mindful of the necessity to publish and broadcast reliable, substantiated information.

We had in the West a very romantic vision of Russia back in 1991, when the Soviet Union died and whatever is Russia began to emerge. And we began to think of it as a democracy. We're going to bring it into the West. All is going to be wonderful. That was never in the cards.

When President Obama in 2011 used military power against the Qaddafi regime in Libya, he did not even notify Congress. A few in Congress mumbled, but did nothing.

we are dealing with a return to what might be a far more normal relationship between the West and Russia. Russia is what it is that we see. It's not dressed up in its birthday costume. It is what it is. It regards its national interests as important enough to fight for. And the difference on the whole Ukraine situation is that the Russians are prepared to fight for their position on Ukraine, and the West is not.

Putin never wanted all of Ukraine. He wanted for historical purposes to take Crimea. He did. Then he wanted a part of Ukraine that he could always use to advance Russian interests. And he is now at a point where nobody in the West is shouting, hey, stop. Give us back Crimea. It's all accepted. And so he has won.

If anything good is going to emerge out of this, it's going to be the result of an acceptable modus vivendi between Ukraine and Russia. The two of them will have to get together at some point. It is going to be a result that many people in the West will not like, because Russia, as the bigger power, is going to get the better of the deal. So, a lot of people will say, that's appeasement. That's this - that - it's reality.