Posts filed under “Video”
News Corp. Chief Executive Officer Rupert Murdoch said
he is "very bearish” on the economy as food and energy prices rise for
Murdoch said he anticipates "another 12 months of hard slogging”
during a television interview from the Allen & Co. media conference
in Sun Valley, Idaho. He said the entertainment industry is "doing just
fine” so far.
"Every country in the world has serious food inflation and then of
course you’ve got the same thing with energy,” he said. "It’s really
Media stocks have been overly penalized, Murdoch said. News Corp., based in New York, had dropped 30 percent this year before today on investor concern about a slowdown in advertising and the company’s MySpace social-networking Web site. Time Warner Inc., the biggest U.S. media company, had lost 16 percent, and No. 2 Walt Disney Co. is down 8.5 percent.
News Corp. Chief Says He’s `Very Bearish’ on Economy
Greg Miles and Gillian Wee
Bloomberg, July 10 2008
Not my favorite Bear — but give credit to Bloomberg for the timing of this interview:
David Tice, founder of the $1.2 billion Prudent Bear Fund in St. Thomas, Virgin Islands, discusses the U.S. equity market. The Standard & Poor’s 500 Index may drop below 800 as the economy slows, he said. The benchmark for U.S. stocks fell 2.3 percent today to 1,244.69, sending the index into its first so- called bear market since 2002.
On the market’s decline: "We sometimes we use the word `depression’ because a recession connotes really just an inventory adjustment, etc. What we’re talking about doesn’t have to be as bad as the Great Depression, but it’s a major long-term readjustment of the economy.”
Prudent Bear Founder Tice Says S&P 500 Will Fall Below 800
Michael McKee and Katherine Greene
Bloomberg, July 9 2008
Ted Koppel has a four part series on the Discovery channel, beginning tonight, on China.
Part 1: Joined at the Hip — Wed., July 9, at 10 p.m. ET/PT
Part 2: MAOism TO MEism — Thur., July 10, at 10 p.m. ET/PT
Part 3: The Fast Lane — Fri., July 11, at 10 p.m. ET/PT
Part 4: It’s the Economy, Stupid — Sat., July 12, at 10 p.m. ET/PT
It looks quite fascinating . . .
Ted Koppel’s ‘Capitalism’ pays off big
USA TODAY, July 08 2008
Ted Koppel Opens Up About Meet the Press, Nightline and Conan
Media Bistro, TUESDAY JUN 24, 2008
The People’s Republic of Capitalism
Review: ‘People’s Republic of Capitalism’ on Discovery
Discovery, July 9, 2008
tonight through Saturday at 10
Boone Pickens details to reduce America’s dependence on foreign oil:
UPDATE: July 9, 2008 9:43pm
Jeff Matthews points out Picken’s flip flop
“I was in wind energy for a minute…. I hate it. And when I got to looking at those damn things I said, I don’t want to be a part of putting that on the horizon. I think it’s homely and I don’t like it. We took a loss and got out of it and I’m glad I did.”
—T. Boone Pickens, Bloomberg, February 17, 2005
Boone Pickens: A man with an energy plan
C/NET July 8, 2008 4:20 PM
Big Pickens: T. Boone, the Oilman, Ups the Ante in His Wind Bet
Environment, July 8, 2008, 2:11 pm
Texas oilman T. Boone Pickens wants to supplant oil with wind
USA TODAY July 8, 2008
Serious words from Robert Rubin:
"Former U.S. Treasury Secretary Robert Rubin said that the world economy still faces "extended difficulties” from the fallout of the U.S. subprime mortgage crisis and rising energy and food costs.
"It’s possible that it could get better during the course of this year, but it’s far more likely that we will have extended difficulties for quite some time yet if you consider what is happening with housing prices, the price of oil and so much else,” Rubin said today in an interview in Rome.
Record oil and food prices are fueling inflation and choking growth at a time when the fallout from the U.S. subprime mortgage market meltdown has already taken a toll on the global expansion. The Organization for Economic on June 4 cuts the growth forecast for its 30 members to 1.8 percent for this year, the slowest since 2002."
click for video
Rubin Says Economy Facing `Extended Difficulties’
Alessandra Migliaccio and Flavia Rotondi
Bloomberg, July 1 2008
Marc Faber, publisher of the Gloom, Boom & Doom Report, talks about the U.S. and emerging-market economies, the state of financial-services industry and the outlook for commodity markets.
00:00 U.S. economy; financials in "disarray"
01:09 "Negative" about emerging-market economies
02:21 Outlook for commodity markets, oil
Marc Faber Expects Industrial-Commodity Demand to Drop
Bloomberg, July 1 2008
James Grant, editor of Grant’s Interest Rate Observer, and Brad Hintz, an analyst at Sanford C. Bernstein & Co. and a former chief financial officer of Lehman Brothers Inc., talk about the outlook for U.S. consumer spending, Treasury Secretary Henry Paulson’s call for regulatory changes that would allow financial firms to fail without threatening market stability and the outlook for brokerages