NEWS CORP (NWS)

All Comments on NWS

  • commenter
    hanson001
    Sep 25 09:48 AM
    Wall Street Breakfast: Must-Know News [view article]
    axelrod608: "In the P&B (Paulson and Bernake) plan I have yet to hear where the proceeds would go. Wouldn't paying the creditors be a good thing, especially since P&B have repeatedly made the case that their plan is to fix the credit problem ? "

    The tax payers, like always, are the creditors. The proceeds, depending on how the reverse auction turns out, could be a good investment. Don't get me wrong. I am for the free-hand no matter what. My belief is that great stress is the only way to change behavior.

    axelrod608: "It would be a piece of cake to add a dozen or more judges to the bankruptcy system to handle the additional demand. The cost would be recaptured in the asset auctions. More responsible companies with stronger balance sheets and more conservative executives would buy up the assets of the insolvent companies and put them back to work. And they wouldn't play Lotto with their shareholders' funds."

    This problem is global and I believe we are close to a run on the banks. The behavior in the money market accounts and the t-bill yields should give you a clue. People, smartly, have no confidence in the system. Too many lies, too much greed, too many people with great dept levels crying about the government having the same problem. Wow! We have a very sick culture.

    Our sin nature makes me collect ammo.     Reply
  • commenter
    captainjohan
    n
    Sep 25 09:43 AM
    My Website
    Wall Street Breakfast: Must-Know News [view article]
    Bush knows, macain knows, they are on way out.so they want to milk the system till it has suckers. Reply
  • commenter
    User 211108
    Sep 25 09:24 AM
    Wall Street Breakfast: Must-Know News [view article]
    I have no sympathy for the Fuld's of the world, and I think the comment about not knowing "what it is like on the 31st floor unless you have been there" is absurd. Contrast if you will the difficulties of being on the ground in combat as a platoon leader who gets paid fifty grand a year at best with any of the Wall Street wonders who earn in the millions, sometimes in a week or two. Americans, and I think most people anywhere resent excessive compensation for jobs that many of the little people could do. That people like Fuld have great economic success is largely due to "right place, right time", old boy associations, insider club, controlled, compliant boards, etc.and so on. The point is that if you can walk away with ten, fifteen, or fifty million for a couple of years of being in the "hot seat" there is no other compensation due you in the form of sympathy or understanding by anyone for how hard the job actually is. Reply
  • commenter
    User 179693
    Sep 25 09:19 AM
    Wall Street Breakfast: Must-Know News [view article]
    axelrod 608, my friend complete agree with you, the problem was short regulation from the government, so what was impossible to do for terrorist , mr president do in few years, he destroy our country Reply
  • commenter
    notsosmart
    Sep 25 09:14 AM
    My Website
    Wall Street Breakfast: Must-Know News [view article]
    never happen.those in power take care of themselves almost 100%.thats what got us into this mess. Reply
  • commenter
    axelrod608
    Sep 25 08:35 AM
    Wall Street Breakfast: Must-Know News [view article]
    The most inexplicable aspect of the "bailout" Congress is debating is that this nation already has a system to deal with insolvent businesses - bankruptcy court - which has been around a very long time and which works. Ask the 10,000 Lehman employees who were put back to work this week after the Lehman bankruptcy. The company that bought Lehman assets - Barclays - rehired 10,000 employees.

    So, if we already have an operational, fully functional system to deal with these types of problems, what is Congress doing with all this bailout frenzy ? let's take a closer look.

    Under the bailout plan and the bankruptcy trustee, a third party would auction off assets - no gifference. In bankruptcy, the proceeds would go to creditors. In the P&B (Paulson and Bernake) plan I have yet to hear where the proceeds would go. Wouldn't paying the creditors be a good thing, especially since P&B have repeatedly made the case that their plan is to fix the credit problem ?

    In bankruptcy, the court appointed trustee would keep the personnel he/she deemed necessary for the continuing operation of the company and dismiss the rest. Under the P&B plan, the officers and directors would remain and they would keep what other employees they deemed necessary. Whoa !! Do we have a difference here? Yes !! Under the P&B plan, the incompetent casino gamblers masquerading as CEO's and directors who caused the problem would be kept on at their multimillion dollar salaries (plus bonus, of course). The bankruptcy trustee would give them a pink slip entitling them to 13 weeks of unemployment. I think we're on to something here.

    It would be a piece of cake to add a dozen or more judges to the bankruptcy system to handle the additional demand. The cost would be recaptured in the asset auctions. More responsible companies with stronger balance sheets and more conservative executives would buy up the assets of the insolvent companies and put them back to work. And they wouldn't play Lotto with their shareholders' funds.

    Let me put it bluntly, for a Congressman or Senator to not recognize that we already have in place a fully functional system designed to do exactly what the "bailout" proposes to do implies that our leaders either have a double digit IQ or a six digit bribe (campaign contribution)being paid by these same financial companies. Or that they are just plain ignorant.

    P&B are trying to keep a bunch of incompetent executives in multimillion dollar jobs (plus bonus). They are looking out for their buddies. A noble pursuit in combat, not so noble in a sea of financial trouble. Please, let's cut through all the bull, all the posturing, all the doom and gloom, all the "sky is falling" rhetoric. Will this mess cost the American citizens ? More than you know. Check your grocery bill, your electric bill, your gas bill. You're already paying for the irresponsible excess of a few irresponsible "financiers"...

    And the effects will be felt around the world. Already there have been food riots in many countries. Americans owe it to the themselves and the rest of their species to fix their problems. Not hide them behind a screen of smoke and mirrors and special interests and 'good old boy' networks.

    This is not a crisis unless Congress makes it a crisis. Turn it over to the bankruptcy courts and give the bankruptcy courts all the resources they need to expeditiously process what needs to be done. And like I said yesterday, let the incompetent multimillion-dollar-a-... executives that got us into this mess flip burgers, not CDS's.
    Reply
  • commenter
    Jersey
    Sep 25 08:22 AM
    Wall Street Breakfast: Must-Know News [view article]
    Regardless of what Sen. Obama instigates, Main St. ought to be more concerned about what it has to lose should Sec. Paulson's plan not be approved instead of what it can get out of the plan if it is approved. Reply
  • commenter
    RIGRNR281
    Sep 25 08:03 AM
    Wall Street Breakfast: Must-Know News [view article]
    ty,ty, for having "have ur say" feature. sincerely,,, other sites simply do not care what their readers have to say,,
    specifically i am refering to news sites, who could care less if a reader has a comment, on what, to me, is a biased "reporter"     Reply
  • commenter
    TraderJoe100
    Sep 23 01:55 AM
    Looking for the Silver Lining: Predicting Our Future [view article]
    The only place the gov't can get the money to pay for this bail-out is the boomers 401k accounts. Raiding those accounts will get the US GDP and corporate profits in poor shape for a long time - how long? As long as it takes the govt to siphon $2trillion from the 401k accounts with higher taxes. Bottom line is the boomers will not be allow to keep that money in their accounts or use much of it for retirements - sorry...the gov't need it now.
    Reply
  • commenter
    LMN1948
    Sep 22 08:50 PM
    Looking for the Silver Lining: Predicting Our Future [view article]
    I don't think Apple sold Windows. I think Microsoft Stole Windows! Reply
  • commenter
    rcraig@baker
    sfeildcolleg
    e.edu
    Sep 22 04:47 PM
    Kraft Replaces AIG on Dow: So Much for My Suggestions [view article]
    Man I sold my shares last year. Looks like they will cross the $36 mark real soon. Reply
  • commenter
    mollytjm
    Sep 22 02:36 PM
    Looking for the Silver Lining: Predicting Our Future [view article]
    Apple computers run Windows better than PC's do...even PC magazine says so. i think people are realizing that when you buy a PC you better buy reallly good virus protection...something unneeded on a mac, so that makes up the $ difference.
    and you might have missed the fact that businesses are starting to go Mac now because IT departments are very expensive and Apple products don't need much in the way of IT people and also offer very good tech support on the phone and in person at the stores...Free.
    the AP in washington which was pc has in the past year, added imacs to all the desks and they're not alone.
    so niche product doesn't really define it anymore, though, in the past, i think it did when Macs didn' t run windows (which apple invented and sold to microsoft).
    so i think APPL is a good buy right now because it's growth will continue and into all markets, at all levels.
    disclosure...long APPL     Reply
  • commenter
    OldLimey
    Sep 22 02:17 PM
    Looking for the Silver Lining: Predicting Our Future [view article]
    PRAVANTI and David Lentz: not everybody is sitting on the sidelines out of pure stupidity or bloodymindedness. I, for example, wouldn't want to dispute your analyses - it's just that I'd prefer to miss out on the first 10-20% of the good times you foresee rather than risk losing 10-20% to a deeply flawed, heavily manipulated, utterly unpredictable market. Good luck to you both. I'll join you later. Reply
  • commenter
    John Egan
    Sep 22 01:37 PM
    Looking for the Silver Lining: Predicting Our Future [view article]
    Novocain/Pain in 2009!
    Vote GOP back into office!

    jegan ;-)     Reply
  • commenter
    User 205514
    Sep 22 12:19 PM
    Looking for the Silver Lining: Predicting Our Future [view article]
    Correction IRAQ is close to $600 B Reply
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