Comcast has been given a license to be more awful than they already are.
Comcast, the nation’s largest cable television provider, can grow bigger if it wants to after a federal court decision Friday that tossed out a rule preventing cable companies from controlling more than 30 percent of the U.S. market.
The rule, set by the [...]
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Just Comcastic
August 28th, 2009
3 Comments
Fake Faces Of Coal
August 28th, 2009
11 Comments
Well, this is unusually incompetent astroturf from big business. A site supposedly about the “Faces” of people supporting the coal industry is composed entirely of stock photos. Not a single one is a true “face” of coal.
Rupert Murdoch’s Interesting Move With Redbox
August 12th, 2009
8 Comments
So last week Rupert Murdoch’s News Corp made news by trying to pull 20th Century Fox movies out of those Redbox movie rental kiosks, claiming that they lost money from them. But now this week, Lionsgate Films signed a deal with Redbox, worth $158 million.
Now just looking in from the outside my guess would be [...]
News Corp. Income Down 30%
August 5th, 2009
12 Comments
Interestingly, Fox News is about the only outlet he’s got that’s doing okay business wise. I think its safe to say that while he may be a good carny-barker tabloid mogul, Rupert Murdoch is not a good businessman. His ventures rarely make money and he has used leverage time and time again to get into [...]
Is Amazon.com Going To Buy Netflix?
July 13th, 2009
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Netflix Inc. gained and bullish options trading jumped to the highest in 11 weeks on speculation that Amazon.com Inc. may acquire the largest U.S. mail-order movie service.
‘There’s heavy call buying and the stock is up on renewed takeover talk, with Amazon being mentioned specifically,’ said Fred Ruffy, the senior options strategist at WhatsTrading.com, a New [...]
Banks That Just Did Banking Are Okay
May 11th, 2009
208 Comments
Like the Canadian banks, banks that stuck to the business of basic banking and didn’t chase after the latest exotica from Wall Street like a dog chasing a chew toy, are just fine.
At a recent conference held here by the Indiana Bankers Association, attendees said it over and over: our business is plodding and boring [...]
Oh, Thanks Comrade Obama
May 4th, 2009
12 Comments
NY Times interview with President Obama reveals his secret plan for communism.
Are there tangible ways that Wall Street has made the average person’s life better in the way that Silicon Valley has?
THE PRESIDENT: Well, I think that some of the democratization of finance is actually beneficial if properly regulated. So the fact that large numbers [...]
Bristol-Myers Squibb: Profits Over Human Health
April 6th, 2009
2 Comments
And you wonder why these guys and the right fight any sort of regulation.
A former senior executive of Bristol-Myers Squibb Company (BMS), Andrew Bodnar, pleaded guilty for his role in BMS’s dishonest dealings with the federal government relating to a patent deal involving the popular blood-thinning drug Plavix, the Department of Justice announced today. This [...]
Don’t Hold Your Breath
March 26th, 2009
96 Comments
The right and the MSM were quick to claim that the downturn in the market (which begun under President Bush) was Obama’s fault because it was still going on when he was sworn in. But now the market is up over inauguration day – for the time being. Think they’ll give him credit the way [...]
The Business Theologists March On
March 22nd, 2009
8 Comments
Bruce McQuain at QandO:
Business takes a hard look at the potential and when there doesn’t seem to be any, it pulls back. Government, on the other hand, decides it believes something has a future and spends money to try to make their belief a reality.
[sarcasm] And that friends, is why when business saw the real [...]
“Urging” AIG?
March 16th, 2009
27 Comments
On Meet The Press, White House Council Of Economic Advisers Chairperson Christina Romer said that Sec. Tim Geithner is “urging” AIG on the bonus issue. We – the American people – own 80% of the company. We’re past the point of “urging”. We need to TELL those bastards what to do.
Walmart Downgraded, Blamed On EFCA, Actually Astoturfing
March 12th, 2009
30 Comments
I am shocked that gambling is going on there.
Obama Policies Attacked By IBM CEO. Wait, No They Weren’t.
March 12th, 2009
3 Comments
IBM CEO/Chairman Sam Palmisano seems to have missed the CNBC/Fox News talking points about how all businessmen cower under the iron foot of President Obama.
From today’s appearance by the President at the Business Roundtable”
MR. PALMISANO: On behalf of everyone in the business community, we’re very, very encouraged with your words and your support. [...]
President Obama Committed to Employee Free Choice
March 3rd, 2009
6 Comments
From a video he sent to AFL-CIO
And as we confront this crisis and work to provide health care to every American, rebuild our nation’s infrastructure, move toward a clean energy economy, and pass the Employee Free Choice Act, I want you to know that you will always have a seat at the table.
>> Here’s Why [...]
Barack Obama, Main Street President
March 3rd, 2009
89 Comments
Last night I was watching CNBC and on-air anchor Michelle Caruso Cabrera was trying to make the point (while rudely talking over Ron Insana) that the fortunes of Main Street and Wall Street were one and the same. That just isn’t true.
Main Street is the backbone of America, the small businesses and institutions that keep [...]
Uh Oh, Time For The Right To Attack Captain Sully
February 24th, 2009
25 Comments
Against deregulation.
The pilot who safely ditched a jetliner in New York’s Hudson River said Tuesday that pay and benefit cuts are driving experienced pilots from careers in the cockpit.
US Airways pilot Chesley ‘Sully’ Sullenberger told the House aviation subcommittee that his pay has been cut 40 percent in recent years and his pension has been [...]
Allen Stanford: The Rick Santelli Base
February 20th, 2009
1 Comment
Hey look, these are the guys CNBC’s Rick Santelli wants to rule the world.
While R. Allen Stanford’s investors were swallowing claims of vast returns on safe investments, some of his employees weren’t so sure.
And though one of them tried as early as 2003 to pass on to regulators his concerns about the bank, nothing came [...]
No, No, No
December 4th, 2008
35 Comments
No money for these Detroit schmucks. They’ve already upped how much money they need and it isn’t going to work. They don’t know how to run their business, and don’t even know how to ask for money properly – they go from private jets to the cross-country driving stung – gimme a break.
Citigroup Bailout
November 24th, 2008
10 Comments
Yay! $20 billion more of our tax dollars to bailout MBAs and Captains Of Capitalism who don’t know how to run a profitable business.
WOOOT.
