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Guest ALWAYSRED

America's Backroom Deals

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Guest ALWAYSRED

The Obama-Pelosi-Reid Democrats in Washington got to power by making a lot of promises. They told us they would end partisanship, bring civility to politics and unify the country. They said they would bring us fiscal responsibility. They pledged to the most honest, most open and most ethical congress in the history of the country.

 

I don’t think I need to tell you that the reality has been very different, and those promises have melted away. They kept telling us that what they have been working on has been “complex” or “complicated”, but you and I know better. After bailouts, trillion dollar “stimulus” failure, the government takeover of health care, endless debt, backroom deals, and high profile ethical problems, we have seen all we need to see.

 

But when the Democrats have failed to live up to their promises, they go right back to blaming everyone else. It is George Bush’s fault. They inherited this mess. Republicans are obstructionists. Sound familiar? Washington Democrats are doing their best to deflect blame for their failed policies and broken promises.

 

We can put an end to this in November. Take action now, and find out how you can help hold the Democrats accountable for the promises they didn’t keep.

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Guest Nathan Daschle

I just found out that Rupert Murdoch's News Corp. -- owner of Fox News -- has given a cool $1 million to the Republican Governors Association. I don't know about you, but funding the so-called Republican Comeback isn't what I'd call "fair and balanced."

 

That's a million bucks to a group that's working to put wild-eyed Tea Party candidates in charge of our states and congressional redistricting...

 

The only way to make News Corp. regret this decision is to win in November -- please donate $10 to the Democratic Governors Association today!

 

By contributing $1 million to the Republican Governors Association, Fox has crossed a bright line. Fox can no longer pretend that it is a "fair and balanced" news organization when Rupert Murdoch green-lights a million dollar contribution to defeat Democratic governors.

 

Time and time again, Fox News has defended itself against accusations that it is nothing more than a tool of the Republican Party. We know now that the reality is so much worse: they're bankrolling the GOP.

 

This is hypocrisy at its worst, and is a sad day for all of us who believe that an independent and impartial media is vital to our democracy.

 

It's stunning, and we have to respond.

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Guest Fedup

Before you go all peacocked out with pitchforks and Chicken George banners take a deep breath. Respect that Others may have a different opinion about the economic future We all face.

 

Made in America

 

I believe we should expand Small Business and move some of them to Corporation Status. It is impossible to get a loan of $75,000 from Lenders at a reasonable rate.

 

Banks have the opportunity to seize the moment and offer loans to businesses that have a yearly positive cash flow.

 

Small Business Owners pay Personal and Business Income Tax for Federal, State, County, City, Ward, Neighborhood public services. Manufacturing requires equipment and safety expenses.

 

Sly as a Fox...

 

News Corporation Limited ("News Corp.")

 

News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total assets as of June 30, 2010 of approximately US$54 billion and total annual revenues of approximately US$33 billion. News Corporation is a diversified global media company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; integrated marketing services; newspapers and information services; book publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and Latin America.

 

Memorandum in relation to a proposal to "re-incorporate" in the United States

 

Dear fellow Shareholders and Optionholders,

It is with great pleasure that I write to you today regarding a proposal by News Corporation that, if approved by shareholders, optionholders and the Australian Federal Court, will result in News Corporation "re-incorporating" in the United States, with its primary listing on the New York Stock Exchange and secondary listings on the Australian Stock Exchange and London Stock Exchange. As part of this proposal, the company will also acquire from Murdoch family interests certain companies holding the 58.34% of Queensland Press Pty Ltd not already owned by News Corporation.

 

http://www.newscorp....d/InfoMemo1.PDF

 

News Corp. with a de facto controlling interest over Hughes and its subsidiaries, including DirecTV Holdings, LLC ("DirecTV"), a wholly-owned subsidiary of Hughes, which provides DBS service in the United States, as well as Hughes Network Systems, Inc. ("HNS"), a facilities-based provider of very small aperture terminal ("VSAT") network systems, and PanAmSat Corporation ("PanAmSat"), a global facilities-based provider of geostationary-satellite orbit fixed satellite services ("FSS"). As described in the Application, if the proposed transaction is consummated, K. Rupert Murdoch, chairman and chief executive officer ("CEO") of News Corp., will become chairman of Hughes, and Chase Carey, News Corp.'s former co-chief operating officer, will become president and chief executive officer of Hughes. Hughes' board of directors will consist of 11 directors, six of whom will be independent directors.

 

Among News Corp.'s video programming assets are 35 owned and operated ("O&O") full-power television broadcast stations, a television broadcast network, ten national cable programming networks, and 22 regional cable programming networks. With 11.4 million subscribers – 13% of all multichannel video programming distribution ("MVPD") households – DirecTV is second only to Comcast Corporation in its share of the MVPD market. With its national footprint, DirecTV competes with every single MVPD in the country, in markets of all sizes.

 

antiCapitalist

 

BEIJING (AP) Rupert Murdoch's News Corp. is selling a controlling stake in three of its TV businesses in China to a government investment fund as the media conglomerate scales down its ambitions in a market where foreign investors have struggled to succeed.

 

The fund, China Media Capital, will become a partner in TV channels Xing Kong, Xing Kong International and Channel (V) Mainland China and the Fortune Star Chinese movie library, the two companies announced Monday. No financial details were released.

 

The sale marks a change in strategy for News Corp. in China's heavily regulated media market, where the communist government limits foreign ownership.

 

Other media companies also have launched partnerships with Chinese entities to gain a bigger foothold. News Corp. has pursued ventures in China for nearly two decades but has backed off its ambitious plans in recent years as the government tightened controls on media. In 1993, Murdoch paid $950 million to acquire Star TV, a satellite broadcaster founded by Richard Li, son of Hong Kong billionaire Li Ka-shing.

 

post-2502-128221723101_thumb.jpg

 

http://www.muckety.c...uckety?big=true

 

post-2502-128221811536_thumb.jpg

 

http://www.muckety.c...uckety?big=true

 

post-2502-128221913686_thumb.jpg

 

http://www.muckety.com/China-Netcom-Group-Corporation/5000423.muckety?big=true

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Guest Sato

Rupert Murdoch is not an antiCapitalist at all. Rupert Murdoch is a pure Capitalist that has an allegiance to money. He may have moved his company from India back to the United States, but he is not fooling any of the major traders. To his credit, Mr. Murdoch is a master of public communication.

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Guest Wiki

Rupert Murdoch's wife, Wendi Murdoch, has recently become a director for the holding company that licenses the MySpace brand and technology to MySpace China, her first formal involvement in the media business since she left her job as a Vice President of News Corporation's STAR TV in Hong Kong in the late 1990s.

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Guest PG Voter

I just found out that Rupert Murdoch's News Corp. -- owner of Fox News -- has given a cool $1 million to the Republican Governors Association. I don't know about you, but funding the so-called Republican Comeback isn't what I'd call "fair and balanced."

 

That's a million bucks to a group that's working to put wild-eyed Tea Party candidates in charge of our states and congressional redistricting...

 

The only way to make News Corp. regret this decision is to win in November -- please donate $10 to the Democratic Governors Association today!

 

By contributing $1 million to the Republican Governors Association, Fox has crossed a bright line. Fox can no longer pretend that it is a "fair and balanced" news organization when Rupert Murdoch green-lights a million dollar contribution to defeat Democratic governors.

 

Time and time again, Fox News has defended itself against accusations that it is nothing more than a tool of the Republican Party. We know now that the reality is so much worse: they're bankrolling the GOP.

 

This is hypocrisy at its worst, and is a sad day for all of us who believe that an independent and impartial media is vital to our democracy.

 

It's stunning, and we have to respond.

 

------ Forwarded Message

From: Nathan Daschle

Date: Wed, 18 Aug 2010 08:46:44

To: Roger Ailes

Cc: Glenn Beck, Bill O'Reilly, Sean Hannity, Shepard Smith, Greta Van Susteren

Subject: Letter to the president of Fox News

 

Roger Ailes

President

Fox News Corporation

 

Dear Roger,

 

For the first time in history, your organization is openly and proudly supporting the defeat of Democratic governors with an unprecedented political contribution of $1 million to the Republican Governors Association. In fact, your company provided the single largest corporate contribution to our opposition.

 

In the interest of some fairness and balance, I request that you add a formal disclaimer to your news coverage any time any of your programs cover governors or gubernatorial races between now and Election Day. I suggest that the disclaimer say: "News Corp., parent company of Fox News, provided $1 million to defeat Democratic governors in November." If you do not add a disclaimer, I request that you and the staff on the "fair and balanced" side of your network demand that the contribution be returned.

 

As you are well aware, the stakes could not be higher in the 37 gubernatorial races this election cycle. Your corporation and your allies know well that these races have grave and substantial implications for Congressional redistricting. In fact, your allies in the GOP hope to change our election map for decades by electing governors who will redraw 30 seats into Republican territory.

 

I look forward to hearing from you - or any of your programs - at your earliest convenience.

 

Sincerely,

 

Nathan Daschle

 

P.S. Many news outlets have covered this controversy, but your own news programs have been strangely silent. I am available to appear on any of your programs to discuss the case for Democratic governors - particularly why our governors are best for business growth. Despite my efforts to immediately reach out to your news programs, more than a dozen requests were ignored.

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Guest HUMAN

The reality is that the democrats are not going to move to the center, right now.

The reality is that we need checks and balances right now, and we as a country don't have it.

 

It's always a battle royal.

--------------------------------------------------------------------------------------------------

 

The Democrat Party's goal is to tear Republicans down by portraying our candidates as “far right,” "conspiratorial," "fringe," and outside the mainstream. Well, the next time a Democrat calls you extreme, show them this video.

 

http://www.youtube.com/watch?v=JFwsWN0XkQM

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Guest Jody in Iowa

As Mark Twain put it: "Let us be thankful for the fools. But for them the rest of us could not succeed."

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Guest Fedup

The reality is the Democrats are just as corrupt and have the most powerful weapon at their disposal that tips the media in their favor.

 

post-2502-128255870755_thumb.jpg

 

post-2502-128255920351_thumb.jpg

 

post-2502-128256032943_thumb.jpg

 

Then of course they have GE/NBC/Microsoft

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Guest HUMAN

Well Soldier of God; I'm REAL interested in how the unions are backing each other and using their combined power to intimidate others.

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Guest MidwestTom

In private industry a union can strike, and the company can either negotiate and settle, or relocate. The strikers cannot fire their bosses, or hire their replacements.

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Guest ThinkSpeak

I am interested on how Fox News covered up their own news story produced by journalists Jane Akre and Steve Wilson on Posilac, a Bovine Growth Hormone (BGH) made by Monsanto.

 

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Guest LAW

The Securities and Exchange Commission today charged NASDAQ with securities laws violations resulting from its poor systems and decision-making during the initial public offering (IPO) and secondary market trading of Facebook shares. NASDAQ has agreed to settle the SEC’s charges by paying a $10 million penalty – the largest ever against an exchange.

 

Additional Materials

Exchanges have an obligation to ensure that their systems, processes, and contingency planning are robust and adequate to manage an IPO without disruption to the market. According to the SEC’s order instituting settled administrative proceedings, despite widespread anticipation that the Facebook IPO would be among the largest in history with huge numbers of investors participating, a design limitation in NASDAQ’s system to match IPO buy and sell orders caused disruptions to the Facebook IPO. NASDAQ then made a series of ill-fated decisions that led to the rules violations.

 

According to the SEC’s order, several members of NASDAQ’s senior leadership team convened a “Code Blue” conference call and decided not to delay the start of secondary market trading in Facebook with the expectation that they had fixed the system limitation by removing a few lines of computer code. However, they did not understand the root cause of the problem. NASDAQ’s decision to initiate trading before fully understanding the problem caused violations of several rules, including NASDAQ’s fundamental rule governing the price/time priority for executing trade orders. The problem caused more than 30,000 Facebook orders to remain stuck in NASDAQ’s system for more than two hours when they should have been promptly executed or cancelled.

 

“This action against NASDAQ tells the tale of how poorly designed systems and hasty decision-making not only disrupted one of the largest IPOs in history, but produced serious and pervasive violations of fundamental rules governing our markets,” said George S. Canellos, Co-Director of the SEC’s Division of Enforcement.

 

Daniel M. Hawke, Chief of the SEC Enforcement Division’s Market Abuse Unit, added, “Our focus in this investigation was on the design limitation in NASDAQ’s system and the exchange’s decision-making after that limitation came to light. Too often in today’s markets, systems disruptions are written off as mere technical ‘glitches’ when it’s the design of the systems and the response of exchange officials that cause us the most concern.”

 

The matching of buy and sell orders in an IPO is referred to as "the cross." According to the SEC's order, the systems problems encountered during the Facebook IPO on May 18, 2012, caused the cross to fall 19 minutes behind the orders received by NASDAQ, whose IPO cross application calculated the price and volume of the cross based on the orders and cancellations received up until 11:11 a.m. This time discrepancy caused more than 38,000 marketable Facebook orders placed between 11:11 a.m. and 11:30:09 a.m. to not be included in the cross. Approximately 8,000 of those orders were entered into the market at 11:30 a.m. when continuous trading commenced, and the remaining 30,000 were “stuck” orders. Immediately prior to the cross, NASDAQ officials noticed a discrepancy between the final indicative pricing and volume totals and the actual totals on NASDAQ’s internal systems. This discrepancy indicated that there was still a problem with the cross and that some cross-eligible orders may not have been handled properly. But NASDAQ failed to address this issue during the minutes and hours following the cross. NASDAQ’s Facebook issues also caused problems in the trading of Zynga shares, and NASDAQ failed to execute 365 orders for Zynga shares in accordance with the price/time priority requirements.

 

According to the SEC’s order, NASDAQ further violated its rules when it assumed a short position in Facebook of more than three million shares in an unauthorized error account. NASDAQ’s rules do not permit it to use an error account for any purpose. NASDAQ subsequently covered that short position for a profit of approximately $10.8 million, also in violation of its rules. NASDAQ further violated its rules in three other ways during the opening of trading after the end of the display-only period for Facebook and following a halt in Zynga trading.

 

The SEC’s order also charges NASDAQ’s affiliated third party broker-dealer NASDAQ Execution Services (NES) with failing to maintain sufficient net capital reserves on the day of the Facebook IPO as a result of NASDAQ’s own Facebook trading through the unauthorized error account.

 

In separate incidents unrelated to the Facebook IPO, the SEC’s order additionally charges NASDAQ with violations of Regulation NMS and Regulation SHO based on its failure to appropriately monitor and enforce compliance with price-test restrictions in October 2011 and August 2012.

 

The SEC’s order finds that NASDAQ violated Section 19( g )( 1 ) of the Securities Exchange Act of 1934 by not complying with several of its own rules, and that NES violated Section 15( c )( 3 ) of the Exchange Act and Rule 15c3-1 thereunder by failing to maintain sufficient net capital reserves on May 18, 2012. Additionally, NASDAQ violated Rule 201( b ) of Regulation SHO during two separate incidents in October 2011 and August 2012 and also violated Rule 611 of Regulation NMS during the October 2011 incident. NASDAQ and NES agreed to a settlement without admitting or denying the SEC’s findings. The order censures NASDAQ and NES, imposes a $10 million penalty on NASDAQ, and requires both NASDAQ and NES to cease and desist from committing or causing these violations and any future violations. The order also requires NASDAQ and NES to complete numerous undertakings.

 

The SEC’s investigation was conducted by Michael Holland, Daniel Marcus, and Amelia A. Cottrell, who are members of the Market Abuse Unit in New York. They were assisted by Brendan Hamill, George Makris, Mark Donohue, Jon Hertzke, and Kristen Lever in the National Exam Program’s Office of Market Oversight under the supervision of John Polise. The case was supervised by Daniel M. Hawke, who is the Market Abuse Unit's Chief, and Sanjay Wadhwa, who is Senior Associate Director of the SEC’s New York Regional Office.

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