Category Archives: Rolling Stone

>Distort, Attack, Repeat: The Fox Propaganda Machine in Action

>If your of the belief that Fox News is nothing more than a propaganda machine for the Republican Party, you’ll be interested in watching a hour by hour slide show that takes you through a typical day on the “Fixed” news network of relentless “Obama bashing”.

The feature can be found over at Rolling Stone’s website and accompanies a story about how Fox News Chairman Roger Ailes created the most profitable propaganda machine in history.

Ailes runs the most profitable – and therefore least accountable – head of the News Corp. hydra. Fox News reaped an estimated profit of $816 million last year – nearly a fifth of Murdoch’s global haul. The cable channel’s earnings rivaled those of News Corp.’s entire film division, which includes 20th Century Fox, and helped offset a slump at Murdoch’s beloved newspapers unit, which took a $3 billion write-down after acquiring The Wall Street Journal. With its bare-bones news gathering operation – Fox News has one-third the staff and 30 fewer bureaus than CNN – Ailes generates profit margins above 50 percent. Nearly half comes from advertising, and the rest is dues from cable companies. Fox News now reaches 100 million households, attracting more viewers than all other cable-news outlets combined, and Ailes aims for his network to “throw off a billion in profits.”

20 Comments

Filed under CNN, Fox News, President Obama, Roger Ailes, Rolling Stone, Rupert Murdoch, slide show

Why An A**Hole is Always in Charge.

Greg Palast, one of my favorite writers, is the co-author of Steal Back Your Vote, a comic book co-authored with Robert F. Kennedy Jr. Palast is also an investigative reports on BBC Television’s Newsnight and in Rolling Stone Magazine.

Palast wrote the following article for SuicideGirls.com in which he expressed his outrage and dismay over former Merril Lynch head honcho John Thain, who was able to sell a worthless Merril Lynch to Bank of America for $50 Billion and then when Bank of America realized that Merril was in worst trouble than what they thought, Thain was able to wrestle another $20 Billion from the U.S Treasury to cover that loss.

As outrageous as that may sound it was nothing in comparison to Thain’s audacity in spending $1 million refurbishing his office, which included spending $35,000 on a toilet and then demanding a $30 million bonus from Merril Lynch for his efforts.
Here is some of what Greg Palast had to say:
John Thain is the guy that looks like a Clark Kent doll you saw grinning from page one of your paper Friday morning. Thain was just fired by Bank of America because the square-jawed executive demanded a $30 million bonus after losing $5 billion in just three months at the bank’s Merrill Lynch unit. In addition, Thain spent over a million dollars redecorating his office while, at the same time, the U.S. Treasury was bailing out his company with billions in aid. Thain’s office re-do included the installation of a $35,000 toilet bowl.

Thain was robbed. He shouldn’t have been fired; he should have gotten a $60 million bonus — and Obama should immediately hire him as Secretary of the Treasury in place of that tax-dodging lightweight that’s been nominated, Timothy Geithner.

Here’s the facts, ma’am.

Thain was CEO of Merrill Lynch, the big brokerage firm. On a good day, Merrill is worth zero. A week before it was about to go out of business, Thain sold this busted bag of financial feces to Bank of America for $50 BILLION.

I’d say that’s worth a bonus.

But it gets better. When the bag broke and another $5 billion in losses were discovered at Merrill, Thain went to the U.S. Treasury and got ANOTHER $20 BILLION to cover Bank of America’s bad financial bet — from us, the taxpayers.

Now that certainly deserves a bonus. And let’s face it, a butthole that big needs a $35,000 toilet….


Finish reading what Greg had to say >>>Here
 

Leave a comment

Filed under bailout, Bank of America, Barack Obama, BBC, Greg Palast, John Thain, Merrill Lynch, Rolling Stone, SuicideGirls.com, Timothy Geithner, US Treasury

>Why An A**Hole is Always in Charge.

>

Greg Palast, one of my favorite writers, is the co-author of Steal Back Your Vote, a comic book co-authored with Robert F. Kennedy Jr. Palast is also an investigative reports on BBC Television’s Newsnight and in Rolling Stone Magazine.

Palast wrote the following article for SuicideGirls.com in which he expressed his outrage and dismay over former Merril Lynch head honcho John Thain, who was able to sell a worthless Merril Lynch to Bank of America for $50 Billion and then when Bank of America realized that Merril was in worst trouble than what they thought, Thain was able to wrestle another $20 Billion from the U.S Treasury to cover that loss.

As outrageous as that may sound it was nothing in comparison to Thain’s audacity in spending $1 million refurbishing his office, which included spending $35,000 on a toilet and then demanding a $30 million bonus from Merril Lynch for his efforts.
Here is some of what Greg Palast had to say:
John Thain is the guy that looks like a Clark Kent doll you saw grinning from page one of your paper Friday morning. Thain was just fired by Bank of America because the square-jawed executive demanded a $30 million bonus after losing $5 billion in just three months at the bank’s Merrill Lynch unit. In addition, Thain spent over a million dollars redecorating his office while, at the same time, the U.S. Treasury was bailing out his company with billions in aid. Thain’s office re-do included the installation of a $35,000 toilet bowl.

Thain was robbed. He shouldn’t have been fired; he should have gotten a $60 million bonus — and Obama should immediately hire him as Secretary of the Treasury in place of that tax-dodging lightweight that’s been nominated, Timothy Geithner.

Here’s the facts, ma’am.

Thain was CEO of Merrill Lynch, the big brokerage firm. On a good day, Merrill is worth zero. A week before it was about to go out of business, Thain sold this busted bag of financial feces to Bank of America for $50 BILLION.

I’d say that’s worth a bonus.

But it gets better. When the bag broke and another $5 billion in losses were discovered at Merrill, Thain went to the U.S. Treasury and got ANOTHER $20 BILLION to cover Bank of America’s bad financial bet — from us, the taxpayers.

Now that certainly deserves a bonus. And let’s face it, a butthole that big needs a $35,000 toilet….


Finish reading what Greg had to say >>>Here
 

Leave a comment

Filed under bailout, Bank of America, Barack Obama, BBC, Greg Palast, John Thain, Merrill Lynch, Rolling Stone, SuicideGirls.com, Timothy Geithner, US Treasury