And still it goes on

More hypocrisy from the Labour benches today - they are unctuously concerned about the hacking of  phones of the non elite. How condescending of them. Never believe a politician who expresses concern for the lower orders. I should say their concern is rather more for good headlines than anything else. I wonder what kind of headlines their previous leader will be getting after his performance in the Commons today. He seems to me from the nonsense he was spouting to be getting battier and battier. Someone should really put him out of his misery and put us out of our misery too. Having said that it was refreshing to listen to Terry Smith of FundSmith on Jeff Randall Live this evening when he pointed out that News Corp. had under-performed for the last 15 years and made two disastrous acquisitions - one of Dow Jones, which cost about $5 billion but resulted in roughly half that sum having to be written off, and the other of MySpace which cost $500 million but which was sold recently for $35 million. As a result Mr Smith does not think much of Rupert Murdoch's management skills and believes that the shareholders would vote him out of office if the voting structure allowed one vote for each share. Apparently the Murdochs only own 13% of News Corp. but in light of the numerous non voting shares in issue they have 40% of the vote. This is no doubt known to you all but having only learnt this today I have to say it has changed my view of Murdoch. I had thought he was a wily old bird but now wonder if he isn't a headless chicken who should have retired gracefully years ago.