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...hopes. One of the few growth areas among News Corp.'s crops were the Fox cable channels, particularly FNC, which showed a 50% rise in operating income. FNC's head, Roger Ailes, with whom Murdoch has clashed before, is likely to oppose any switch to an online fee model. It would be commercial suicide for FoxNews.com to charge for content until CNN.com and MSNBC.com do. And even if - and it's a big if - most major news websites were to follow Fox's lead, the BBC wouldn't, because it's not supposed to make money...
...stare down at the reddened waters of the cove, that suggests the task isn't exactly easy for them. Some would argue that dolphin-fishing is their cultural right and that foreigners should stay out of their business (i.e., the sale of dolphins for meat, at about $600 a head). The film counters with a fleet of scientists flown in (more money!) to unearth evidence that no one should be eating dolphin meat; samples were toxic with mercury. The filmmakers hope The Cove will spark a change in Japanese policy, but they'll need help from audiences willing...
...less monstrous if more people could take advantage of government and bank programs that would allow them to stay in their homes. But this part of the equation has been difficult in Boise and nationwide - the reason the Obama Administration recently invited 25 mortgage servicers for a day of head-knocking in Washington...
Fair enough. Certainly, at the government-supported firms where Feinberg will determine pay, the case for intervention is open and shut. They're taxpayer-supported entities, after all. Feinberg does face tough decisions, such as what to do about Andrew J. Hall, head of the moneymaking Phibro energy-trading unit of money-hemorrhaging Citigroup, whose performance-based contract could net him about $100 million this year. One can extrapolate from Feinberg's past performance, though, that the veteran mediator will come up with a decent compromise - that is, one that leaves everyone unhappy...
...plummeted from 70% in 1980 to 28% in 1988. (It's now 35%.) Some CEOs who are critical of the compensation status quo but who don't want government telling them how to pay people point to taxes as a possible answer. "I wish income was more equitable," the head of a big financial institution told me recently. "I have no problem with paying 50% taxes or more. But government meddling with compensation practices is a bad idea." Yes, raising tax rates would bring negative consequences: more incentive for evasion, less incentive for risk-taking and entrepreneurship. Lowering...