He has slightly more sense about it than AP, though. Murdoch, smarting from huge declines in News Corp. this quarter, wants to start charging for all of his news products within the next year. But rather than simply a blanket “let’s screw everyone” approach (though he’s saying that, too, suggesting “furious litigation”), he wants to do it by differentiating the content of his products from what you can get for free. He should have an easy time with that, as his products tend to break a lot of big stories, especially when it comes to celebrity news. Still, though … don’t just close the doors, man. Figure out ways to let the outside world in. source
We have to bring these deficits down very dramatically. That’s going to require some very hard choices.
Treasury Secretary Timothy Geithner • Regarding how they expect to pay for all of those deficits the government’s built up over the last year or so. Expect the teabaggers to freak out even more at this news. • source