Rupert buys another Dow Jones!
political
propaganda
anti
the angry minute is heard
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[07-31-07]
Today, the Twin Cities lost (2) top athletes, by virtue of two trades. Luis Castillo, the Twins leadoff stud was sent to the Mets for (2) prospects, and Kevin Garnett, who single-handedly sold thousands of tickets.
But neither called it a fire sale, and both are counting on the future.
But a bigger trade happened today. The Bancroft family succumbed to the golden carrot dangled by neo-kinetic money mogul Rupert Murdoch, who’s poised to become the voice of the stock market, when his purchase of the Dow Jones is completed. And while Murdoch’s acquisitions will keep its editors & administrators in place, everyone knows the man doesn’t need a curtain to hide behind.
Murdoch’s pursuit of the Dow Jones began with a simple ham and eggs breakfast back in March, and took until now, for half the Bancroft family to convince the other half these are not ordinary beans. It’s just a shame it had to come to this, for the Bancroft family to finally show it cared.
The Economist once reported that over 11 years, Murdoch’s NewsCorps Investments made 2.1 billion dollars…but paid no Net corporation Tax.
That’s a savings of over $350 million dollars. In Rupert’s world, the rich doesn’t simply get richer, it gets everything.
Mike Royko once said “no self-respecting fish, would allow itself to be wrapped in a Rupert Murdoch newspaper” … funny thing is, like the fish, and now Royko, you don’t get that choice.
And while many mortals fear the Fox Noise contamination of the Wall Street Journal, they are much bigger fish to fry than the joke-like estimations of Bill O’Reilly. And Murdoch has his sites on a new fry pan.
The Wall Street Journal, like them or not, have a solid track record of sound factual reporting, and relevant editorials.
Rupert Murdoch, like it or not, is one savvy capitalist, with a nose for milking penny for penny from anyone with a penny, and a knack for getting what he wants; and the only thing he wants, is money.
At first, sure I was scared that the most powerful, most opinionated, right wing nut, who cares more about jingoistic showboating than journalistic integrity would be in control of our stock market. But then again, don’t you want the best doctor performing that surgical procedure?!
So, then it’s apparent the Dow Jones is in good company. And like the former managers of Luis Castillo and Kevin Garnett, the future is in good hands.
Except, do we trust the hands that feed us?
….rose bud … rose bud ….