Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (58610)	2/4/2009 12:15:42 AM
From: Hope Praytochange	3 Recommendations Respond to of 224752

"No He Can't" by Dr. Anne Wortham -Truth! Summary of the eRumor: A forwarded email titled "No He Can't" by an associate professor of sociology at Illinois State University, Anne Wortham Ph.D. that says that although she is black and grew up in the segregated South she did not vote for Obama and is not celebrating his election to the presidency. The Truth: Dr. Anne Wortham is, in fact, an associate professor of sociology at Illinois State University and wrote this article which appears on the LewRockwell.com and the Wordpress.com web sites as well as several blog sites on the internet. updated 02/03/09 A real example of the eRumor as it has appeared on the Internet: No He Can't By Anne Wortham Fellow Americans, Please know: I am black; I grew up in the segregated South. I did not vote for Barack Obama; I wrote in Ron Paul's name as my choice for president. Most importantly, I am not race conscious. I do not require a black president to know that I am a person of worth, and that life is worth living. I do not require a black president to love the ideal of America . I cannot join you in your celebration. I feel no elation. There is no smile on my face. I am not jumping with joy. There are no tears of triumph in my eyes. For such emotions and behavior to come from me, I would have to deny all that I know about the requirements of human flourishing and survival - all that I know about the history of the United States of America , all that I know about American race relations, and all that I know about Barack Obama as a politician. I would have to deny the nature of the "change" that Obama asserts has come to America . Most importantly, I would have to abnegate my certain understanding that you have chosen to sprint down the road to serfdom that we have been on for over a century. I would have to pretend that individual liberty has no value for the success of a human life. I would have to evade your rejection of the slender reed of capitalism on which your success and mine depend. I would have to think it somehow rational that 94 percent of the 12 million blacks in this country voted for a man because he looks like them (that blacks are permitted to play the race card), and that they were joined by self-declared "progressive" whites who voted for him because he doesn't look like them. I would have to be wipe my mind clean of all that I know about the kind of people who have advised and taught Barack Obama and will fill posts in his administration - political intellectuals like my former colleagues at the Harvard University 's Kennedy School of Government. I would have to believe that "fairness" is the equivalent of justice. I would have to believe that man who asks me to "go forward in a new spirit of service, in a new service of sacrifice" is speaking in my interest. I would have to accept the premise of a man that economic prosperity comes from the "bottom up," and who arrogantly believes that he can will it into existence by the use of government force. I would have to admire a man who thinks the standard of living of the masses can be improved by destroying the most productive and the generators of wealth. Finally, Americans, I would have to erase from my consciousness the scene of 125,000 screaming, crying, cheering people in Grant Park, Chicago irrationally chanting "Yes We Can!" Finally, I would have to wipe all memory of all the times I have heard politicians, pundits, journalists, editorialists, bloggers and intellectuals declare that capitalism is dead - and no one, including especially Alan Greenspan, objected to their assumption that the particular version of the anti-capitalistic mentality that they want to replace with their own version of anti-capitalism is anything remotely equivalent to capitalism. So you have made history, Americans. You and your children have elected a black man to the office of the president of the United States , the wounded giant of the world. The battle between John Wayne and Jane Fonda is over - and that Fonda won. Eugene McCarthy and George McGovern must be very happy men. Jimmie Carter, too. And the Kennedys have at last gotten their Kennedy look-a-like. The self-righteous welfare statists in the suburbs can feel warm moments of satisfaction for having elected a black person. So, toast yourselves: 60s countercultural radicals, 80s yuppies and 90s bourgeois bohemians. Toast yourselves, Black America. Shout your glee Harvard, Princeton , Yale, Duke, Stanford, and Berkeley. You have elected not an individual who is qualified to be president, but a black man who, like the pragmatist Franklin Roosevelt, promises to - Do Something! You now have someone who has picked up the baton of Lyndon Johnson's Great Society. But you have also foolishly traded your freedom and mine - what little there is left - for the chance to feel good. There is nothing in me that can share your happy obliviousness.

To: Kenneth E. Phillipps who wrote (58610)	2/4/2009 1:43:23 AM
From: Neeka	2 Recommendations Respond to of 224752

It will be so nice when that rag bites the dust. ;)

To: Kenneth E. Phillipps who wrote (58610)	2/4/2009 9:02:28 AM
From: TideGlider	1 Recommendation Respond to of 224752

Interesting how nobody takes credit for the editorial. It just comes from everyone on the editorial board lol I guess nobody can ever be held accountable for their opinions there. <G> Seattle P-I critical of Rep Reichert for his NO vote on the stimulus. seattlepi.nwsource.com

To: Kenneth E. Phillipps who wrote (58610)	2/4/2009 11:42:42 AM
From: Neeka	1 Recommendation Read Replies (1) \| Respond to of 224752

Sweeeeeeeeeeettttttttt...........March 18 is my birthday! VBG Monday, February 2, 2009, 2:34pm Hearst says buyer would need lots of cash San Francisco Business Times Investors interested in buying the Seattle Post-Intelligencer would need the resources to sustain up $1.5 million in losses per month and must buy all assets — including parent company Hearst Corp.'s interest in the joint-operating agreement with The Seattle Times as well as the iconic P-I globe. Hearst also owns the San Francisco Chronicle, the corporation's flagship newspaper. But one big mystery remains: How much money would investors have to pony up to buy the P-I? The most detailed public information to date about the sale of the P-I comes from a conversation between the union representing P-I workers and the New York-based investment bank hired by Hearst to sell the Seattle daily newspaper. Liz Brown, administrative officer of the Pacific Northwest Newspaper Guild, a union representing employees, said she spoke recently with Robert Broadwater, managing director of Broadwater & Associates, about the potential for a group of P-I employees to buy the newspaper. Brown said Monday that Broadwater told her that she would have to come forward with a qualified investor with enough money to buy the P-I and its assets — and also handle the debt — before he would launch into a detailed discussion of the P-I's finances. "It's kind of like porno, you know it when you see it," Brown said of the sales price. She said Broadwater said there is no slated purchase price, and no range of how much assets a potential buyer would need access to. A group of P-I employees has been exploring the possibility of putting together investors to buy the P-I. But so far, those efforts have not struck gold. "It would be a hard sell to anybody during this recession," Brown said. Noting that Hearst has set a deadline of March 18 to sell the newspaper or potentially shut it down, Brown said it was an "awfully short" time frame. "I think everybody realizes for the P-I to retain value, it really shouldn't have a period where it goes dark," Brown said. Brown said she told Broadwater that nobody would be interested in buying the P-I if it meant they would have to buy into the joint operating agreement (JOA). But Brown said Broadwater disagreed, saying that the P-I's revenue from the JOA after all non-news costs amounted to about $5 million last year. Under the partnership, the P-I relies on the Times for all non-news print and online services and expenses surrounding producing the P-I. After those expenses are met, the P-I and Times divide up all non-news expenses. Hearst said it lost $14 million in 2008, with more losses expected this year. So anyone taking on the P-I purchase and interested in making money would have to significantly cut into the P-I's newsroom budget, which is estimated to be about $20 million a year. Brown said that Hearst officials have told her that they are seriously considering operating the P-I as an online-only news venture, but not within the confines of the JOA or with a union-represented staff. Brown, who highlighted her interview with Broadwater in her blog on the guild's website, said that Broadwater told her a qualified buyer could be an individual, corporation or nonprofit association, "as long as it has enough money and some business acumen." Broadwater said the buyer would have to purchase all of Hearst's assets, including the P-I name and brand, the seattlepi.com website, as well as all the newspaper's rights and obligations under the JOA. Those include office furniture, equipment, intellectual property rights and archives. The iconic globe that sits atop of the P-I's Seattle headquarters is not for sale separately, although people have inquired about buying it. Brown said the globe requires frequent maintenance and was damaged during this winter's snowstorm. Broadwater also told Brown that it would not provide any financial assistance or subsidies to a P-I buyer. Hearst Corp. announced in early January that it was selling the Seattle Post-Intelligencer, and if no buyer was found by mid March, the daily newspaper with about 180 employees could be shut down. Hearst, which has owned the P-I since 1921, reported operating losses at the P-I since 2000. If no buyer is found, Steven Swartz, president of Hearst Newspapers, told P-I staffers in January that Hearst would pursue other options. Those include moving to an online-only newspaper with a greatly reduced staff or closing the paper altogether. In no case would Hearst continue to publish the P-I in printed form, Swartz said. Broadwater declined to discuss with the Business Journal any details surrounding the potential sale of the P-I. Meanwhile a spokesman for Hearst did not respond to a message requesting information. bizjournals.com