News Corp has a much-anticipated quarterly earnings call today, following yesterday's board meeting. The one (and only) real agenda item is to figure out how to move past the devastating UK phone hacking scandal—which means making sure it doesn't spread to America. Fortunately, News Corp has something going for it: best friends!
One portion of the devastating documentary about the global financial collapse, Inside Job (which won an Oscar, so you have to see it), dealt with academic economists—specifically, the ways that they became financially tied to banks and other players in finance, and how that may have compromised the entire practice of economics. It even showed the heads of the economic departments at Harvard (pictured) and Columbia blithely asserting that there was no need to disclose their financial conflicts of interest in academic papers. It was sickening.
Pouty fathead Donald Trump is a tailor-made character for the New York Observer, which purports to monitor Manhattan's smug oligarchy with a gimlet-eyed detachment. And his semi-coherent presidential grumblings, which count as news just about everywhere else, make ideal grist for the Observer's mill. Too bad he's the owner's father-in-law.