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Bezos, Slim, and Buffett, Publicly Pleading Poverty, Ask Congress for Help With Th

j-mac

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It’s the sort of brazen move that might ordinarily trigger a front-page news story or an outraged editorial — a bunch of rich individuals asking Congress to write them a law that would give them better negotiating power against other rich individuals.


Yet in this case, the rich individuals wanting special treatment are the newspaper owners themselves. Washington Post owner Jeff Bezos (worth $83.9 billion, according to the Bloomberg Billionaire’s Index), New York Times owner Carlos Slim (worth $61.1 billion), and Buffalo News owner Warren Buffett ($76.9 billion), publicly pleading poverty, are asking Congress for a helping hand in their negotiations with Google, controlled by Sergey Brin ($45.6 billion) and Larry Page ($46.8 billion).
In a Wall Street Journal op-ed, David Chavern, president and chief executive of the News Media Alliance, whose board has representatives of Bezos-Slim- and Buffett-backed papers, complained about what he called “an economically squeezed news industry.” The Times, in a column sympathetic to the effort, likened the news providers to “serfs.”
Maybe Serf Bezos should have considered the economics of the news industry when he bought the Washington Post, or Serf Slim when he bought his stake in the New York Times. The idea that Congress needs to roll to the rescue of “serfs” like Messrs. Bezos, Buffett, and Slim to bail them out of bad investments just doesn’t pass the laugh test.
In respect of the Times, it’s particularly comical, because, as an editorial matter, the paper generally favors stricter antitrust enforcement. The newspaper that less than two years ago was editorializing that Congress “should also study whether there are ways to strengthen the antitrust laws,” now is backing the move for what its own columnist describes as “an anticompetitive safe haven,” “a limited antitrust exemption.”

http://www.nysun.com/national/bezos-slim-and-buffett-billionaires-pleading/90026/


:lamo

Awww, don't you just feel sorry for them?

Biased coverage, OpEd journalism on the front pages using anonymous sourcing, and possibly completely made up crap, and they are going down the tubes....I am shocked.


Bezos, Slim, and Buffett, Publicly Pleading Poverty, Ask Congress for Help With Their Newspapers - The New York Sun
 
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Re: Bezos, Slim, and Buffett, Publicly Pleading Poverty, Ask Congress for Help Wit

:lamo

Awww, don't you just feel sorry for them?

Biased coverage, OpEd journalism on the front pages using anonymous sourcing, and possibly completely made up crap, and they are going down the tubes....I am shocked.

link?
 
Re: Bezos, Slim, and Buffett, Publicly Pleading Poverty, Ask Congress for Help Wit

:lamo

Awww, don't you just feel sorry for them?

Biased coverage, OpEd journalism on the front pages using anonymous sourcing, and possibly completely made up crap, and they are going down the tubes....I am shocked.

NY Sun bashing the NY Times and Washington Post?

:lol:

Oh and now you are back to bashing anonymous sources after heralding them from the Washington Times guy. Go figure.
 
Re: Bezos, Slim, and Buffett, Publicly Pleading Poverty, Ask Congress for Help Wit

Editorial.

........
 
Re: Bezos, Slim, and Buffett, Publicly Pleading Poverty, Ask Congress for Help Wit

:lamo

Awww, don't you just feel sorry for them?

Biased coverage, OpEd journalism on the front pages using anonymous sourcing, and possibly completely made up crap, and they are going down the tubes....I am shocked.

I don't think this is a government issue, but associating a corporation with dominant owners doesn't address the issue either. There is no obligation for an investor to put anything more than their initial investment at risk to keep a company running.
 
Re: Bezos, Slim, and Buffett, Publicly Pleading Poverty, Ask Congress for Help Wit


It was right there at the bottom of the quote, but I put it in again...
 
Re: Bezos, Slim, and Buffett, Publicly Pleading Poverty, Ask Congress for Help Wit

Editorial.

........

I don't think it is....the link states "national" meaning news.....
 
Re: Bezos, Slim, and Buffett, Publicly Pleading Poverty, Ask Congress for Help Wit

NY Sun bashing the NY Times and Washington Post?

:lol:

Oh and now you are back to bashing anonymous sources after heralding them from the Washington Times guy. Go figure.

And the NYTimes and WaPo crying for government protection because they are failing.....:lol:
 
Re: Bezos, Slim, and Buffett, Publicly Pleading Poverty, Ask Congress for Help Wit

And the NYTimes and WaPo crying for government protection because they are failing.....:lol:

Its the NY Sun. You should question yoru source a little harder.
 
Re: Bezos, Slim, and Buffett, Publicly Pleading Poverty, Ask Congress for Help Wit

I don't think it is....the link states "national" meaning news.....

The article is fraught with the writer's opinions, such as his use of the words "brazen" and "comical." And then there's the writer's own analysis, such as

Maybe Serf Bezos should have considered the economics of the news industry when he bought the Washington Post, or Serf Slim when he bought his stake in the New York Times. The idea that Congress needs to roll to the rescue of “serfs” like Messrs. Bezos, Buffett, and Slim to bail them out of bad investments just doesn’t pass the laugh test.

I've been infracted a number of times for missing the writer's own opinions and analyses mixed into the articles, so I have a pretty good idea of what I'm talking about.
 
Re: Bezos, Slim, and Buffett, Publicly Pleading Poverty, Ask Congress for Help Wit

Moderator's Warning:
Moved
 
Re: Bezos, Slim, and Buffett, Publicly Pleading Poverty, Ask Congress for Help Wit

why in Hell's name should the government bailout the rich folk, again?

the government has a lot of planes & bombs, right?

put them to use ..............
 
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