Tag Archives: Dow Jones

Sour Miss Brooks

Note: Right after I finished the post, I read that Rebekah Brooks has resigned. Les Hinton, chief executive of News Corp’s Dow Jones unit has followed suit and resigned as well. All the king’s horseshit and all the king’s men won’t be able to put News Corp together again.

From The New Zealand Herald:

Saudi billionaire Prince Alwaleed bin Talal, a major shareholder in Rupert Murdoch’s scandal-hit News Corp. organisation, says under-fire executive Rebekah Brooks “had to go”.

“For sure she has to go, you bet she has to go,” News Corp.’s second largest shareholder said of Brooks on BBC’s Newsnight programme.

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Filed under Britain, FBI, humor, Media, News Corp, parody, politics, Rupert Murdoch, Scandals, snark, Wordpress Political Blogs

What the Hack?

(Reuters) – Les Hinton was adamant. Asked in 2007 by a British parliamentary committee whether the News of the World had “carried out a full, rigorous internal inquiry” into the use of illegal phone hacking by the newspaper and was “absolutely convinced” it was limited to a single reporter, Hinton did not hesitate.

“Yes, we have,” the then-executive chairman of News of the World’s owner News International told the select committee, “and I believe he was the only person, but that investigation, under the new editor, continues.”

Four years on, Hinton may have serious reason to regret those words.

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Filed under Britain, Gordon Brown, humor, Media, movies, News Corp, parody, politics, Rupert Murdoch, Scandals, snark

We don’t know where the buck stops, but that’s okay, because there are no bucks left!

From Paul Krugman at The New York Times:

Everyone’s talking about a new New Deal, for obvious reasons. In 2008, as in 1932, a long era of Republican political dominance came to an end in the face of an economic and financial crisis that, in voters’ minds, both discredited the G.O.P.’s free-market ideology and undermined its claims of competence. And for those on the progressive side of the political spectrum, these are hopeful times.

There is, however, another and more disturbing parallel between 2008 and 1932 — namely, the emergence of a power vacuum at the height of the crisis. The interregnum of 1932-1933, the long stretch between the election and the actual transfer of power, was disastrous for the U.S. economy, at least in part because the outgoing administration had no credibility, the incoming administration had no authority and the ideological chasm between the two sides was too great to allow concerted action. And the same thing is happening now.

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Filed under 2008 election, Barack Obama, Ben Bernanke, Carl Levin, Chimpy, Christopher Dodd, Congress, Democrats, GAO, George W. Bush, Harry Reid, humor, Kit Bond, Mitch McConnell, Nancy Pelosi, parody, politics, Republicans, Senate, snark, television, Wordpress Political Blogs

I Wonder how $520 Ferragamo Loafers Taste

From the Interational Herald Tribune:

WASHINGTON: Republican John McCain has maneuvered himself into a political dead end and has five weeks to find his way out.


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Filed under 2008 election, Barack Obama, Chimpy, Congress, Democrats, George W. Bush, humor, John Boehner, John McCain, movies, Nancy Pelosi, parody, politics, Republicans, snark, Wordpress Political Blogs

Chimpy chows down, while Captain Underpants wants to raise unemployment numbers!

From The Trail at The Washington Post:

GREEN BAY, Wis. — Republican presidential nominee John McCain elaborated a bit this morning on why he said yesterday that he would fire Securities and Exchange Commission Chairman Christopher Cox if McCain were president, a position later softened to a call for his resignation.

McCain portrayed it as a matter of honor — although he flubbed his payoff line a bit.

…snip…

“My friends, that kind of accountability and responsibility is missing in Washington today,” McCain said, and then he misspoke. “That’s why I believe the chairman of the FEC should resign and leave office and be replaced.”

The FEC, of course, is the Federal Election Commission, which oversees campaign finance laws, and not the financial world.


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Filed under 2008 election, Chimpy, Dana Perino, Democrats, FEC, Federal Election Commission, George W. Bush, humor, Joe Biden, John McCain, movies, parody, politics, Republicans, Sarah Palin, snark, Wordpress Political Blogs