Murdoch purchase of the WSJ is a truly scary thing

[Perky]

Say what you will about the WSJ editorial board.....tthis is a step in the WRONG direction.

http://hosted.ap.org/dynamic/stories/D/DOW_JONES_NEWS_CORP?SITE=CATOR&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2007-07-17-12-08-28

News Corp. Reaches Deal to Buy Dow Jones

By SETH SUTEL
AP Business Writer



NEW YORK (AP) -- Rupert Murdoch's News Corp reached a tentative agreement to buy Wall Street Journal publisher Dow Jones & Co., the Journal reported Tuesday, but he must still win over the company's controlling shareholders

[melody]

1. A terrifying thing -- it's an important global voice and now it's Murdoch's sockpuppet

Yet another loss to the dark side.

[Perky]

5. Not yet

[Vanje]

2. Bad news

[helderheid]

3. ACTION:

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=1357140&mesg_id=1357140

[Rosemary2205]

4. It will be the end of any honest economic news.

meaning I'll be able to trust investing in the market even less.

[hfojvt]

6. used to be their reporting had an excellent reputation

but can their editorials really get worse?

Is their reporting gonna attack progressives any more than the NY Times and WaPo do on a regular basis?

[AX10]

7. How unfortunate.

Editorial page aside, the WSJ has some of the best reporting out there.

[ringtailtooter]

8. IN SCIENCE AND MATHEMATICS LOGIC, THERE ARE LAWS OF CHAOS,

one being when an object in motion begins wobbling out of course, it just gets worse until it reaches maximum instability (like a spinning top), then continues and reverses the intensity back to normal.

Society is the same way, when we are careening out of control, it just escalates to critical mass. This is just another additional wobble on our downward spiral. How long will it be until we reach critical mass and begin to get back to "normal"? I don't think it will be in my lifetime.

[T Wolf]

9. What difference will he really make? The economic Washington Times is

always pushing the corporate line anyway.

And the person down-thread who worries about losing "honest" economic news has obviously drunk too much of the high-priced kool-aid.

For most Americans who are struggling paycheck to paycheck, the investment world of boardrooms and off-shore accounts is just not an important part of our lives. We get screwed - it's just a matter of degree.

The entire economic system needs to be flushed and restarted with a human perspective. That was never the viewpoint of the WSJ.