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Reporters Say Braun Leaving U-T. Several Companies Reported To Be Taking Interest in Buying It, but All Have Financial Woes
JV, speaking of the latimes, I actually just jettisoned my $6/month thurs-sun UT subscription and picked up the LA Times for only $1/week for 7 day home delivery (when you pay for a full year for $52). ============= Thanks for the heads up-Im all over this deal. As for Braun, I am still trying to figure out how a guy in the private sector making $100K-$110K per year can go to work for the government and get a 40% raise????? I thought the reason we gave gov employees such big benefit packages was because the cash pay was so bad....what am I missing here????— September 19, 2008 9:51 a.m.
Paulson's socialistic plan to bail out Wall Street is election year fraud
This amounts to a wholesale takeover of the federal government by large corporations who stand to gain from a bailout. The bailout plan should be put to a vote in Congress. ===================================== It actually MUST be voted on by teh Congress because they pay the bills. If the democrats had a spine, which they do not, they would say no dice. Let the cips fall where they must. USA = Socialized losses for the rich while keeping all private profits, and "personal responsibility" for the poor who are stuck paying 30% and more on credit card debt and cannot even get a BK discharge. If someone does not clean up campaign finances, reform it, then this country is doomed to the golden rule-He who has the gold makes all the rules.— September 19, 2008 9:45 a.m.
More Wall Street Socialism; Insurer AIG Bailed Out by Feds for $85 Billion. Markets Like It. Will Taxpayers?
WaMu is on the auction block. I stand by my statement that they will file BK by 5:00 PM PST Friday.— September 18, 2008 11:53 a.m.
Reporters Say Braun Leaving U-T. Several Companies Reported To Be Taking Interest in Buying It, but All Have Financial Woes
Real estate entrepreneur Sam Zell saddled it with $13 billion in debt when taking it over, and Standard & Poor's thinks it may default by the end of the year. ============================================ Don, you were spot on (as usual) when you called this one; Tribune's Zell outraged by Times workers' lawsuit The company's chief executive calls allegations against him and the company frivolous and unfounded. By Jerry Hirsch, Los Angeles Times Staff Writer September 18, 2008 Tribune Co. Chief Executive Sam Zell said Wednesday that he was outraged by a lawsuit filed this week that alleged his management of the business that owns the Chicago Cubs, the Los Angeles Times, KTLA-TV Channel 5 and other media properties is destroying the value of the company. The suit, filed in U.S. District Court in Los Angeles by a group of current and former Times employees, contends that Zell and former Tribune CEO Dennis J. FitzSimons had planned to take the company private *******to enrich themselves to the detriment of employees. ******** http://www.latimes.com/business/la-fi-trib18-2008…— September 18, 2008 11:50 a.m.
Face value of derivatives floating around the world is $1.14 quadrillion
Sounds to me like this entire housing financing gig the banking and mortgage industries came up with was essentially one big Ponzi scheme. ============ This was well known 4 years ago. Me, my friends, my real estate buddies, we all know it was a bubble. Builders were selling 85-90% of their new housing with sub prime mortgages 04-06. Only 10-15% would have qualified with normal 20-30% down financing. So this is not a case of did the major players know-they certainly did, they went ahead and did the bad deals because of little/no regulation and greed. That simple. If I read the market correct, then many others also did. BTW-I loved the article Don, really hits home.— September 17, 2008 3:16 p.m.
Reporters Say Braun Leaving U-T. Several Companies Reported To Be Taking Interest in Buying It, but All Have Financial Woes
Hahaha.. the Hilo Hawaii comment is sort of funny. Chris Reed is from OC, worked at the OC Register. He will head back once he gets his UT walking papers.— September 17, 2008 2:57 p.m.
More Wall Street Socialism; Insurer AIG Bailed Out by Feds for $85 Billion. Markets Like It. Will Taxpayers?
I reposted the link (in my previous post the link was broken) http://tinyurl.com/6jsbtk ====== Cool graph, really puts the market into perspective. I wish they had that graph going back 10-15 years.— September 17, 2008 2:53 p.m.
Reporters Say Braun Leaving U-T. Several Companies Reported To Be Taking Interest in Buying It, but All Have Financial Woes
$140K???? Please, that is probably twice what he was paid at the UT. I guess when the taxpayers pick up the tab it doesn't matter to KFC Jerry.— September 16, 2008 7:37 p.m.
Stocks Plunge; Insurance Giant AIG May Be Next Casualty. Era of Excessive Debt Probably Coming to Inglorious End
Just heard the Feds are going to "provide loans" to AIG, $85 billion worth. Just when you think the feds are doing better, they take 2 steps backwards.— September 16, 2008 6:03 p.m.
Reporters Say Braun Leaving U-T. Several Companies Reported To Be Taking Interest in Buying It, but All Have Financial Woes
Maybe the city will throw in some redevelopment rights to some prime city property to any buyer of the UT. That seems like something this mayor and council would consider.... :( ================= Ding, Ding, Ding.... And we have a WINNER! That could very easily happen.— September 16, 2008 11:45 a.m.