THOUGHT FOR THE DAY!

"Imperialism today is taking place in the context of...the 'universalization' of capitalism. It is not now primarily a matter of territorial conquest or direct military or colonial control. It is not now a matter of capitalist powers invading non-capitalist powers in order to bleed them dry directly and by brute force. Now it is more a matter of ensuring that the forces of the capitalist market prevail in every corner of the world (even if this means marginalizing and impoverishing parts of it), and of manipulating those market forces to the advantage of the most powerful capitalist economies and the United States in particular." ... "Military force is still central to the imperialist project, in some ways more than ever."-- Political scientist Ellen Meiksins-Wood, Z magazine Nov 1999, p26

 

HAPPY 'KICK OUT THE GOVERNMENT' DAY!!!

 

Red Flags Fly After Big Buyouts

Some of the mega-buyouts that private equity shops labored to assemble during the go-go years of the credit boom are coming apart at the seams. These $10 billion-plus deals were usually predicated on expectations that asset prices would rise and debt markets would remain welcoming.

With those hopes dashed, several monster buyouts are starting to fly red flags. Among the biggest, Tribune, Freescale Semiconductor, Harrah’s Entertainment, Univision and Clear Channel Communications looked shaky heading into the fourth quarter, their most challenging one yet as private companies. They’re likely to be much worse off by its end, and, because of their size, that is another bit of bad news for the nation’s economy.

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Posted on Nov 24, 2008 at 13:45
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