The collapse of the Muammar Gadaffi regime in Libya is another major victim of the so-called Arab spring and particularly of the six-month air campaign run by NATO. The experience of toppling a dictator in Iraq should make everybody cautious about assuming any sort of tidy ending in the oil rich North African country.
The cartoon drawing references the picture of US troops toppling the statue of Saddam Hussein in Baghdad’s Firdous Square.
The problem with trying to run a multinational corporation like a family business is that you still fall out when one of you has been a pillock.
Post the revelation of felon and former News of the World royal reporter Clive Goodman’s letter to his employers in 2007, watch the corporate reaction of News Corporation board and shareholders. Especially interesting will be the conversations around public arguing with the former company employed lawyers (internal and external.)
News Corporation is the holding company for all of the Murdoch family’s lucrative business interests. It should be lively.
Joy
Budget negotiations in the US Congress are pushing too closely against the deadline for the rescheduling of the national debt. The United States is presently in hoc to an amount resembling this. I am not sure how many noughts – or zeroes – this is.
All of this is too close to a debt or payment default for the comfort of the nation, let alone the rest of the global economy. The BBC’s economics editor Stephanie Flanders explains more about why this is happening here.
Reasons underlying the argument include furnishing and maintaining the largest military establishment known to the world, several long term expensive wars, repeated tax cuts for the wealthiest citizens, the ongoing costs of social security and medicare plus the recent and urgent need to subsidise the global financial industry.
Pity the poor swine who is allowed to pilot this process to a safe harbour.
There is a great deal of sadness in the world at present but the loss of anyone who can sing like this seems a particularly bad one to me. Of course, art and artists are a daft thing to try and define but, like so many others, I am sure I recognised it in her. A drawing of Amy Winehouse made in 2008.
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The problem with flying in to sort out a situation, at cost, is that fires break out in other parts of your business empire while you are away. Watch what is happening to News international interests in the USA…
Updated 4th July 2013: The News International business is split in two with the news print business rebranded as News Corp – complete with Rupert’s handwriting as a part of the brand.
The legal actions following voicemail hacking have spread to the US legal system and in the UK charges have been laid over both hacking and corrupt payment to public officials.








