Offering truth beyond the mere black and white.
"Pessimism of the intellect, optimism of the will." -- Antonio Gramsci
"The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness." -- John Kenneth Galbraith
"The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts." -- Bertrand Russell
Wednesday, October 20, 2004
The above is Sinclair Broadcasting's stock chart, hitting a 52-week low today.
May the pro-business Republicans answer this question: I thought it was the #1 priority of public companies to do what's in the best interest of their shareholders, namely by doing what's necessary to get the stock price to go up - no? With Sinclair's decision to air the propaganda-filled documentary on John Kerry, advertisers are leaving and lawsuits are coming.
Hmm, it would appear that this company doesn't care about its shareholders and doesn't care about the business of business. Nope, it appears ideology matters first and foremost, choosing cronyism and political favoritism over maximizing stock price gains.
Good to see free-market, laissez faire in action!
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