Mario Di Simine

Blog Posts

November 24th, 2009

from Ask...:

Murdoch mad as hell and ready to charge

Posted by: Mario Di Simine
Tags: Uncategorized

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.

November 23rd, 2009

from From Reuters.com:

The day ahead: Tuesday

Posted by: Mario Di Simine
Tags: Uncategorized

The economy's health and minutes from the last FOMC meeting will take center stage, with a spate of earnings also on the docket.

When the government announces revised third quarter GDP figures at 8:30 am EST, analysts expect weaker numbers than previously reported as companies slashed inventories. The initial reading came in at 3.5 percent but economists in a Reuters poll now see a softer 2.9 percent.

In the afternoon, investors will get a look at the minutes of the FOMC's Nov 3-4 policy meeting and will be looking for any sign the Fed is preparing to exit its ultra-easy policy.

On the earnings side of the coin, H.J. Heinz, Barns and Noble and Borders Group, along with American Eagle and Warner Music Group will unveil their latest results.

November 3rd, 2009

from From Reuters.com:

The Day Ahead: Wednesday

Posted by: Mario Di Simine
Tags: Uncategorized

It's D-day at the Fed, as Chairman Ben Benrnake (pictured) and the Federal Open Market Committee unveil their latest policy decision. Virtually no-one is expecting a rate move, but, rather, the focus will be on language and how the Fed weighs recent upbeat economic data against fears that a burgeoning recovery is on shaky ground.

Also in the driver's seat is Chrysler CEO Sergio Marchionne, who is expected to spell out plans for reviving the flat-lining automaker.

Other highlights:

* Cisco Systems leads the earnings parade with quarterly numbers that may reflect a recovery in tech spending. Comcast, Qualcomm and News Corp are also on the docket.

* Data highlights include the ISM's non-manufacturing numbers and readings on the employment picture from Challenger and ADP.

* Reuters is also hosting an Auto Summit in Detroit and Paris. The day's speakers include Ford President of the Americas Mark Fields; AutoNation CEO Mike Jackson; CAW President Ken Lewenza, Robert Bosch CEO Peter Marks; Honda Motor Senior Vice President John Mendel and DBT President Herve Borgoltz.

October 14th, 2009

from Ask...:

Do you like your boss?

Posted by: Mario Di Simine
Tags: Uncategorized

I once worked for a managing editor who felt it was his duty to pay for the majority of drinks when joining the charges after work.  Needless to say, he was well liked.

But leading a group of people -- and yes, journalists are people, too -- takes more than a few dollars in the pub to do well. A recent survey proves the point: A majority of U.S. workers do not think their bosses are truthful and one in four would fire their boss if they could.

It gets worse: The poll, conducted for a human resources and placement company, found 53 percent of workers did not think their boss was honest, a similar number did not think their boss was fair or patient and two-thirds did not think their boss was loyal.

On the plus side, two-thirds of workers would not change anything about their relationship with their boss, although I'm not certain what that means, or implies.

The poll is timely as National Boss Day falls on Friday, Oct 16, which gives us the perfect opportunity to ask, what do you think of your boss? Leave your comments below.

August 24th, 2009

from Ask...:

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

Posted by: Mario Di Simine
Tags: Uncategorized

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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May 19th, 2009

from Ask...:

Family ties and helping hands

Posted by: Mario Di Simine
Tags: Uncategorized

Unlike their big corporate brethren, small businesses have one key advantage they can tap when the going gets tough: family.

In a pinch a business owner can turn to family members and ask them to help out. A quarter of small businesses have a family member working for free, according to the American Express Open Small Business Monitor.

What do you think? If you're a small business owner, what role does family play in your business?

May 8th, 2009

from Ask...:

Jobs: Bad news or good sign?

Posted by: Mario Di Simine
Tags: Uncategorized

If you’re one of the 539,000 people who lost their job last month, do you have reason to be hopeful today? The stock market seems to think so. And many of those who work in the financial sector say the April jobless report, which included an unemployment rate at a quarter-century high around 9 percent, indicates the economy is near bottom. One analyst said, “May looks much more favorable”; said another: “You can make the case that the panic layoffs that we saw at the turn of the year are starting to ease.”

Not everyone was optimistic. “The big question is has the peak in job losses hit? I am somewhat skeptical that we have seen the absolute worst of it, but you can’t rule that out,” said Jay Mueller, a senior portfolio manager at Wells Capital Management.

What do you think? When it comes to job losses, is the worst behind us?

March 30th, 2009

from Ask...:

Bold move or socialism?

Posted by: Mario Di Simine
Tags: Uncategorized

The ax has fallen on GM chief Rick Wagoner’s neck. With one swing, President Obama put an end to Wagoner’s reign at the helm of the struggling auto giant. GM had asked the government for another bailout amounting to a further $16 billion in loans. Instead, the Obama administration pledged only to fund GM’s operations for another 60 days while it develops a sweeping restructuring plan.

Obama’s team also took aim at Chrysler, pushing it toward a merger, and threatened bankruptcy for both Detroit giants.

What do you think? Is it about time the government took forceful action or do the moves smack of socialism? And why go after the automakers but leave the management at failing banks in place?

March 19th, 2009

from Ask...:

The sky is falling — or is it?

Posted by: Mario Di Simine
Tags: Uncategorized

The economic sky might still be falling, but it looks like the folks playing the stock markets have their hard hats on. Either that or they may be on to something. If the recent run of gains for global equities continues, world stocks will mark their best month in a decade. A look at the MSCI’s all-country world stock index shows a gain of 8 percent this month. It has climbed nearly 18 percent over the past eight sessions. It’s enough to make you think someone has opened the gate and let the bull out. But investors are ever-cautious and few are jumping up and down with glee.

What do you think? Is the stock market turning the corner?

February 10th, 2009

from Ask...:

Judging Timothy

Posted by: Mario Di Simine
Tags: Uncategorized

Treasury Secretary Timothy Geithner may be new to Washington but he is not new to the financial chaos that has leveled global markets in the past year. From his former perch atop the Federal Reserve Bank of New York, the youthful Geithner has been involved in virtually all major efforts to restore stability to shaky financial markets. In his new role, he is now overseeing the latest effort to rescue banks laid low by their exposure to mortgage-related debt.

What’s your view? How has Geithner handled the early days of his new job?