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November 24th, 2009

Murdoch mad as hell and ready to charge

Posted by: Mario Di Simine

Rupert Murdoch is mad as hell and it appears he’s not going to take it anymore. The media mogul and News Corp chief is upset at Google, saying the Internet search giant is ruining the newspaper business.

Not one to sit and around and just gripe about things, Murdoch says he might pull News Corp’s news from Google’s Web search results and list the stories on Microsoft’s Bing. The catch is that Microsoft would pay for the service, giving Murdoch a fresh revenue stream.

The problem is that many news organizations are fed their Web audience via Google search. If viewer rates fall, so too, the theory says, will ad dollars.

If it works, however, you can bet big dollars that other publishers and content providers will follow suit.

What do you think? Will Murdoch’s gamble work?  Should search engines pay for the privilege of listing a publisher’s content?

Leave your comments below.

August 24th, 2009

Bailout bonuses: Does the public have a right to know?

Posted by: Mario Di Simine

Is it anybody's business how much money you make?

When it comes to Wall Street and the meltdown that whacked financial markets and emptied investors' pockets, the normal rules of etiquette don't seem to apply.

Wall Street salaries seem to be everybody's business lately. Nevertheless, the Obama administration's pay czar may try to keep a large portion of the compensation plans he is reviewing under wraps.

It's Kenneth Feinberg's job to review salaries at the biggest corporate recipients of government bailout funds.

How much of his report will become public is the multimillion dollar question.

Privacy laws and fears that highly compensated executives will become targets for an angry public argue for limiting disclosure.

"One of my clients makes $25 million a year and drives a Honda," said Steven Eckhaus, of Katten Muchin Rosenman LLP. "He tries to lead a fairly modest life and he would be horrified if what he makes appeared in the paper. Not only would his neighbors know, but his kids would know, and it would affect his ability to raise his kids. These are people, not a circus sideshow."

Congressman Alan Grayson told Reuters he is unsympathetic to that argument.

"If this is the same top talent that caused their firms to be destroyed and put the entire U.S. economy at risk, I wish they would leave the firms and leave the country," he said.

What's your view?

Should top earners keep their privacy, or does the public have a right to know? Leave your opinion in the comment section below.

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November 5th, 2008

The Obama challenge

Posted by: Mario Di Simine

obamaAmerica wakes up today to a new era in its political history. And as Barack Obama prepares to take office, he will have to wrestle with these facts of life: the economy is either in recession or teetering on the brink of one, and the U.S. is embroiled in two wars.

Across the Web, a plethora of voices are dissecting the campaign . In a BusinessWeek piece, former General Electric CEO Jack Welch makes his position clear, saying John McCain’s economic platform made better sense for business, and that business leaders could take away three lessons from the election: Have a clear, consistent vision; make few mistakes; and have friends in high places.

Over at the New York Times, an editorial concludes that Obama’s triumph was decisive because “he saw what is wrong with this country: the utter failure of government to protect its citizens.” It also points out some of the challenges facing the president-elect: “Tens of millions of Americans lack health insurance, including some of the country’s most vulnerable citizens — children of the working poor. Other Americans can barely pay for their insurance or are in danger of losing it along with their jobs. They must be protected.”

Across the Atlantic, interest in the election has also been high. British newspaper The Independent wonders whether Obama will be “a modern-day Franklin D Roosevelt, who pulled the US back up over the economic precipice, or will he be a disastrous copy of his predecessor, Herbert Hoover?”

And Edward Luce, writing for the Financial Times, says: “Faced with a mountain of domestic and global problems that would have taxed the leadership skills of America’s greatest presidents, Mr Obama will have to act swiftly to justify the faith his country’s voters have placed in him.”

In Asia, Kent Ewing says in the Asia Times Online that “it is once again cool to be an American living abroad,” giving voice to the anger many foreigners harbor against George W. Bush.

What’s your view? Beyond the history-making, President-elect Obama must still govern. Given the challenges of today, how will he do? Will he live up to expectations?