NWS is down 20% of late.
Today we hear from the Murdoch family, owners of the venerated Wall Street Journal as well as Dow Jones, Inc., who will be explaining how their company allegedly broke the rules, lied, threatened and/or bribed almost everyone, engaged in cover-ups, slandered anyone who got in their way and callously ruined the lives of innocent people – all in the name of profits. Already Sean Hoare, the reporter who blew the whistle on Murdoch has been found dead inside his London apartment. “The death is currently being treated as unexplained, but not thought to be suspicious. Police investigations into this incident are ongoing,” said a police statement.
Would that be the same British Police Department that’s had two high-level resignations over accepting bribes from Murdoch’s organization? The Daily Mirror newspaper quoted an unnamed friend as saying Hoare “thought that someone was going to come and get him, but I didn’t know whether to believe half the stuff he was saying.” In other words, Hoare was poor and intimidated by NWS (he was refusing to testify against them) while the Murdochs are rich so every possible benefit of the doubt is being given to them just like Rebecca Nalepa was found with her hands and feet bound with a rope around he neck hung off a balcony in a San Diego mansion and the police there are thinking “suicide.”
As F. Scott Fitzgerald once said: “The rich are different than you and me – they have more money.” As Bill Domhoff pointed out this weekend, when we talk about the rich, we don’t mean the top 1% – people who “only” make $1.6M a year or more. Sure those of us in that group may have a “get out of jail free” card for when we speed and we may get our buildings approved quicker than most and we may get a local ordinance passed here or there but, when you move up to the top 0.1% ($36M or higher per year income) or the top 0.01% ($450M or higher annual income), where Mr. Murdoch lives – not only do you get both national and international laws rewritten to suit your needs (like taking over 100% of the UKs satellite broadcasts), but the other laws don’t even apply to you.
This lack of accountability leads to increasing bad behavior, as evidenced by our…
