Daily Archives: January 31, 2007

Sparling Spitting

I haven’t written about this for the same reason I don’t write about a lot of things: everybody else is. Digby‘s been all over this, for one (here and here and here and here, and most recently, here, among other posts). I’m not going to write about it now, either, but I did want to point you to an eyewitness account that confirms much of what Digby has been observing/guessing and makes it even harder – almost impossible, in fact – to believe Sparling’s story is true.

Writing at Norwegianity, guest poster MNObserver’s daughter was present at the march and provides “I was there” information about the physical set-up. MNO concludes:

So we have a suspicious claim of spitting – told in increasingly inconsistent stories as time goes on – from a man who feels it’s just fine to hang those who oppose his viewpoints in effigy as traitors given all manner of credence. And our “liberal media” continues to do it, day in and day out.

(Post corrected due to unexplainable stupidity of author who apparently no longer knows how to read.)

Equity Firms: Taking the Country Private

Although that dread word “anti-trust” has not yet been spoken aloud, in public, the feeding frenzy of mergers and acquisitions since 2001 that has resulted in fewer and fewer corporations owning more and more of the economy, along with the recent return to power of Democrats and the rage building up around CEO salaries, has made it all but inevitable that at some point it will raise its insidious little head. This will not, of course, come from the Bush Administration, where their attitude is and has been right along: “Go to it, boys. Our heads are turned.” (Will Rogers on the Hoover Administration)

Just to take a single example, our entire media apparatus, which was in the hands of fewer than 20 giant corporations when Bush came to office – bad enough, you’d think – is now in the hands of a mere half-dozen thanks to Michael Powell’s obedient, not to say obsequious, FCC.

But uttered or not, the specter of potential regulation and/or legal proceedings designed to weaken or even break up these near-monopolies a la AT&T or Microsoft in Europe sends shivers of fear down the spines of corporate owners everywhere. Even worse, Barney Frank is – or soon will be – holding hearings to look at whether investors should have more say over the pay packages Boards offer their major executives. Maybe even give them veto power.

Yes, things could get ugly on The Street in a few years, and even uglier in the executive suites next door.

Suddenly, riding to their rescue like the Lone Ranger with a calculator and a heavy list of Washington friends in his pocket, come the equity firms. Continue reading