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Once upon a time, whilst indulging a youthful taste for overstatement, I tried to maintain that if you paid Ron Brownstein to leave the LA Times and start a reported blog instead, that you’d destroy about 50 percent of the Times‘ value as a news source. That may have been going to far, and I don’t think he’s going to be writing a blog, but I introduce this idea by way of noting that I’m pretty psyched that Brownstein’s going to be joining the Atlantic Media Company mini-empire as political director.

Meanwhile, in other corporate news, the National Journal Political Stock Exchange is now up and running. I’m not totally sure I understand why “prediction markets” aren’t the same as illegal gambling (I’m “predicting” that the roulette wheel will land on a red square, right?) but they’re pretty fun to watch.

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