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15 Nov 2009 11:04

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Biz: In a position of strength, Bloomberg grabs for the brass ring

  • We need a broader audience. The history of this company is you do the counterintuitive, countercyclical thing. It’s part of our DNA.
  • Bloomberg president Daniel L. Doctoroff • On his company’s desire to expand into a more general-interest news source. The company is in a good spot to do so. Largely built on business and financial data rather than newspaper subscriptions, it just bought troubled magazine BusinessWeek for the bargain-basement price of $5 million and has a ton of money to throw around. You know, just like founder Michael Bloomberg did when he spent millions of dollars on his recent mayoral campaign even though he didn’t need to. • source
Posted by Ernie Smith • 0 Comments • Permalink

19 Jul 2009 11:42

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Politics, U.S.: Is NASA just a major financial boondoggle for the U.S.?

  • We know what we got from the interstate highway system—fast, easy transportation, the creation of the suburbs, an entire transformation of our way of life. What did we get economically from the space program, especially the manned portion? Much, much less.
  • BusinessWeek chief economist Michael Mandel • Pointing out the very low cost-benefit ratio of our space program. We’re not sure if financial benefit should be the only consideration of something like NASA, but points out that, with inflation considered, we spent $176 billion on NASA during the height of the space race era, 1962-1972. Comparatively, we spent $220 billion on highways during that same period. Like we said, not sure we agree, but something to consider. • source
Posted by Ernie Smith • 3 Comments • Permalink
 
 
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