Hey, answer me this, why did some news programs open with Murdoch?
We had a DOMA hearing in the US today and other real issues. But it was Murdoch? And the Brits? For American news?
And if you missed it, Borders will soon be no more. They are going to close all their bookstores. Shannon Jones (WSWS) reports:
In the latest sign of a worsening jobs crisis, Borders Group and Cisco Systems announced huge new job cuts this week. Borders, the second largest book-selling chain in the United States, said Monday that it has abandoned attempts to find a buyer and plans to liquidate its remaining 399 stores beginning Friday, at a cost of 10,700 jobs.
Michigan-based Borders filed for bankruptcy in February and closed about one-third of its 650 stores. Since that time it has continued to lose money and has had difficulty convincing publishers to ship books on normal terms, with many insisting on immediate payment.
Borders had hoped to sell its assets to the Arizona buyout firm Najafi Companies, owner of the Book-of-the-Month-Club. However, Borders creditors objected to the terms of the sale. Borders had set a Sunday deadline to find a new buyer. The company will present its plan for liquidation to a bankruptcy judge on Thursday.Borders is big news. Especially among my readers -- not just because they read books but I've got an estimated 10% of readers who work at Borders Books. I'm thinking of, for example, a reader in Oregon who was really hoping the chain could stay open through next May when she'd have her college degree.
But this isn't news to the TV news. This isn't worth exploring. So many college students are going to be effected. At a time when college tuition has skyrocketed.
This should never have happened. The economy should have been put back on its feet by the end of 2009. Instead so many of us live in fear that we're about to be homeless.
Barack Obama is a complete and utter failure as a president.
This is C.I.'s "Iraq snapshot" for Wednesday: