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| US Approaching Insolvency, Fix To Be ‘Painful’: Fisher Posted: 23 Mar 2011 05:01 PM PDT The United States is on a fiscal path towards insolvency and policymakers are at a “tipping point,” a Federal Reserve official said on Tuesday. “If we continue down on the path on which the fiscal authorities put us, we will become insolvent, the question is when,” Dallas Federal Reserve Bank President Richard Fisher said in a question and answer session after delivering a speech at the University of Frankfurt. “The short-term negotiations are very important, I look at this as a tipping point.” But he added he was confident in the Americans’ ability to take the right decisions and said the country would avoid insolvency. “I think we are at the beginning of the process and it’s going to be very painful,” he added. Fisher earlier said the US economic recovery is gathering momentum, adding that he personally was extremely vigilant on inflation pressures. “We are all mindful of this phenomenon. Speaking personally, I am concerned and I am going to be extremely vigilant on that front,” Fisher said in an interview with CNBC. To read more, visit: http://www.cnbc.com/id/42209447 |
| Glenn Beck Contemplates Starting Own Channel Posted: 23 Mar 2011 04:57 PM PDT By BRIAN STELTER, The New York Times The possibility that Glenn Beck will exit the Fox News Channel at the end of the year has prompted a big question in media circles: if he leaves, how will he bring his considerable audience with him? Two of the options Mr. Beck has contemplated, according to people who have spoken about it with him, are a partial or wholesale takeover of a cable channel, or an expansion of his subscription video service on the Web. Reports this week that Joel Cheatwood, a senior Fox News executive, would soon join Mr. Beck's growing media company, Mercury Radio Arts, were the latest indication that Mr. Beck intended to leave Fox, a unit of the News Corporation, when his contract expired at the end of this year. Notably, Mr. Beck's company has been staffing up — making Web shows, some of which have little or nothing to do with Mr. Beck, and charging a monthly subscription for access to the shows. To read more, visit: http://www.nytimes.com/2011/03/23/business/media/23beck.html?_r=2 |
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