Hill of Beans
by Christopher Caldwell
"How can Mr. Bush crack the whip on Big Business," asks The New York Times Maureen Dowd, "when hes a wholly owned subsidiary of it?" Before we journalists batter our way into the crack den that is American business corruption, can we come to an agreement that we wont deploy cliches? When people say "wholly owned subsidiary," what on earth do they mean? If one entity is "wholly owned" by another, isnt it by definition subsidiary to it?