To the Point
Phone Hacking and the House of Murdoch
At a hearing today, Rupert Murdoch apologized, denied previous knowledge and blamed subordinates for the phone-hacking and bribery scandal rocking Britain's political elite....
By Warren Olney • • 50m ListenAt a public hearing today, Rupert Murdoch apologized, denied previous knowledge and blamed subordinates for the cell phone-hacking and bribery scandal rocking Britain's political elite. We hear about the testimony and the protester who threw shaving cream at Murdoch's face. Also, a bipartisan debt deal develops in the Senate, and the collapse of Borders. Bad management by a single company or bad news for an entire industry?
Banner image: A man wears a giant puppet head of News Corp. Chairman Rupert Murdoch as he protests outside Parliament on July 19, 2011 in London, England. Photo by Peter Macdiarmid/Getty Images
In this episode
3 storiesBipartisan Debt Deal Develops in Senate
Even before House Republicans took up their so-called " Cut, Cap and Balance " budget plan today, the Obama White House portrayed it as reckless. A new plan from the Senate, which includes new revenue, is getting a better reception.
Read the story8 minRupert Murdoch on the Witness Stand
Britain's 80-year old press lord, Rupert Murdoch, and his son, James, answered questions from members of Parliament today for almost three hours, saying that phone hacking and bribing police officers are wrong.
Read the story37 minBorders Forced to Liquidate
Borders will liquidate its assets and close all 399 of its bookstores in order to pay off its creditors. The creditors include Random House, Simon & Schuster and other publishers. Where to they sell their products now? Chris Moran is Senior Editor of Consumerist.com , an online consumer blog published by Consumers Union.
Read the story6 min
