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Tuesday, October 5, 2010

American Idle...

idle worship...
some people who have billions of dollars don't seem to know the value of a dollar...I've seen it time and again...Meg Whitman throwing away 120 million dollars on her campaign only to be outed by her minimum wage illegal employee....Carly Fiorina getting millions for leaving HP in a shambles...Wendy getting billions from her divorce settlement...and these are the folks who want to lead California into the future?? NO WAY JOSEFINA!!
All these ladies have a thing it appears for the public worker and the unions that represent them..I mean, why else would they obsess over the salaries and benefits that cops, fire, teachers, and public safety personnel earn? These rich gals have wet pussies and the public workers will not enter and satisfy them so they hold a grudge, it seems! I hate to be so brash, but I have limited space to make my points, hence the crude and offensive metaphors..but I think the reason why Wendy is obsessed with City Hall is she's losing so much money. Now, government watchdogs are good and I have no problem with outsiders looking in, but some watchdogs have fleas and Wendy needs a freaking collar!!
Now, I heard that Wendy paid as much as 150 million dollars for the News-Press business that she has run so poorly for the last eight years....her huge divorce settlement has allowed her to run things into the ground without causing her any real personal sacrifice other than her sanity, but after seeing Nipper on TV with Robert Eringer, I think they maybe trying to market the paper. Nipper denies it but he's a liar so he has no credibility....so Wendy paid 150 million for the whole shebang and normally when you buy property or a business, you put some equity in it and sell it later at a higher price, thus, you get a profit. But if you don't know the value of a dollar and you are wealthy from means other than work or smarts, then you make foolish decisions. Wendy made a foolish decision. She bought a newspaper business at an inflated price (sellers market) in 2000 and she bought when papers were being replaced by the internet! what a dummy!!
so she may have to dump the thing or risk standing in the soup line with airybody else...
 
WESLEY CHAPEL, Fla. — The value of newspaper enterprises has in some cases dropped to zero, according to the leading newspaper broker in the United States.
"Most have lost 25 percent of their value, some have lost 50 percent," said Owen Van Essen. "Others have lost all of their value.
"How did this happen so fast?," he asked. " The simple answer is we’ve come from having all the stars aligned (for business to be successful) to a perfect storm of bad economic developments."
During the last 18 months, Dirks, Van Essen & Murray has tried to sell almost $1 billion worth of newspapers, Van Essen said today at the conference of Suburban Newspapers of America. "These are very good newspapers, in very good markets. … To date, we have very little to show for our efforts."
Van Essen, president of the Santa Fe, N.M.-based brokerage company, said the problem isn’t that qualified buyers don’t want to own newspapers. Rather, no one can find the financing to pay for the newspapers that are for sale, even when the deal is right.
"There are far too many people at the moment who believe (Microsoft’s) Steve Ballmer’s prediction that newspapers are just going to go away," he said. "Unfortunately, there’s just been this tidal wave of negative news about this industry. … The story about all of the great things newspapers are doing is cloudy, and is not being reported."
not being reported...yeah that sounds about right..

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