Watched part of the Parliamentary inquiry into Rupert Murdoch's involvement in the scandal that closed his paper, News of The World. Murdoch testified alongside his son, James, both fielding questions about what, when, or if they knew about newspaper personnel hiring private investigators to tap individual's phones.
Most interesting to me about the whole thing was that the inquirers asked countless specific questions about particular incidents spanning several years, and it seemed both Murdoch's tried to give accurate answers. Yet, neither, especially Rupert himself, was directly involved, although both are ultimately responsible as top management of the newspaper's operation. The newspaper itself has been closed.
As a practical matter the newspaper amounts to less than 1% of Murdoch's holdings, and isn't even a blip in an entity having 52,000 employees in other businesses worldwide. Nonetheless, I think the bottom line is that the situation is seen as a way to do major harm to a thorn in politico's sides and an attempt to disparage Rupert himself. And that just might happen, depending on how stockholder's react.
In other events, about two dozen of the 46 states that just ended their fiscal year are on track to record surpluses, according to an analyst with the National Association of State Budget Officers. The rest of the states are expected to at least balance their books.
I mention it because it goes a long way to show what can be accomplished by people who try to do what they were elected to do, instead of grandstanding for moronic idealism. It also illustrates that there are 46 governors out there who can get their jobs done the way they're supposed to, and any one of them has to be a whole lot better than the guy who's supposed to be running our country now.
That's it for today folks.
Adios
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