Immoral Majority

12 years later, the problem has compounded… exponentially.

From 2004 with relevancy for today:

 

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The red states may have won an election. But the blue states won the culture war.

If we couldn’t trust the exit polls to determine who would win the U.S. presidential election, why should we believe its post-election analysis? On Election Day, exit polls had liberal journalists in newsrooms all over the world positively giddy. Senator Kerry was projected to win easily. After he lost, the downcast media elite at least took comfort in the fact that, according to exit polls, it was the right-wing, homophobic Christians in the heartland of America that tilted the scales in favor of the incumbent.

Suddenly, America was ultra-religious—a “conservative” nation. It scared thousands of paranoid liberals enough to even consider the prospect of immigrating to Canada. Bloggers circulated maps of North America around the Internet with the West Coast and the Northeast shaded blue, along with Canada—collectively calling it “The United States of Canada.” Middle America, in red, was labeled “Jesusland.” New Yorkers and San Franciscans took offense at Middle America’s self-righteous disdain for the lifestyle and culture promoted on both coasts. The New York Times quoted one New Yorker as saying, “I’m saddened by what I feel is the obtuseness and shortsightedness of a good part of the country—the heartland. This kind of redneck, shoot-from-the-hip mentality and a very concrete interpretation of religion is prevalent in Bush country—in the heartland.”

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Russian hackers breached Dow Jones for trading tips

After a year-long investigation, Bloomberg has reported details on the extent of a data breach, and the motive behind it.

Russian hackers had infiltrated Dow Jones & Co to steal information to trade on before it was made public, and the breach was “far more serious than a lower-grade intrusion” disclosed by the company, Bloomberg reported, citing sources.

The Federal Bureau of Investigation, Secret Service and the Securities and Exchange Commission are leading an investigation, which began at least a year ago, Bloomberg reported. (http://bloom.bg/1LSxcUI) Continue reading

Rupert Murdoch exposed as Saudi billionaire Alwaleed sells most of stake in News Corp

Saudi billionaire Prince Alwaleed Bin Talal’s investment firm sold a stake valued at almost $US190 million in News Corp, reducing its holding in Rupert Murdoch’s media company to about 1 per cent.

Alwaleed’s Kingdom Holding cut its ownership of Class B shares to 2 million from 13.2 million, or 6.6 per cent, it said in a statement to the Saudi bourse Wednesday. The sale generated 705 million riyals ($241.7 million), which will be used for other investments, it said. Through Kingdom, Prince Alwaleed holds stakes in companies including Citigroup and Twitter. Continue reading

Rupert Murdoch lost his Saudi prince and his Australian media empire is now vulnerable

The Sun King, Rupert Murdoch, lost the support of his prince last week – and almost lost control of his media empire as a result.

But the real problem for Murdoch is that this war is far from over, and there are serious implications for News Corp’s struggling print empire in Australia – the weak underbelly that will be targeted by investors.

Long time Murdoch backer, the Saudi billionaire Prince Alwaleed bin Talal, kept on the sidelines last week as the News Corp founder faced an unprecedented investor revolt against the structure that entrenches his family’s control of the company with a minority stake.

The Murdoch family owns just 12 per cent of News Corp, but they own 40 per cent of the shares which control the company. Continue reading