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An Investment Better than Satellite Radio
Tech Opportunities Closer to Ground
Greetings once again. I hope you’re having a good week. There are just a few things I’d like to deal with today.
One is the persistent pessimism I’m seeing in both the media and the polls. I just looked at Gallup’s daily numbers, and the phenomenon is clear. More than three-quarters of Americans believe we are in some sort of recession. 40% believe their standard of living will decline in the future. Almost a third believe the next generation will be worse off than this one.
Good grief! Given that the bill for years of politicized mortgage policies…
14Aug2008 | The Penny Sleuth | Comments Off | ContinuedFCC Approves Sirius-XM Satellite Radio Merger Late Friday
The Federal Communications Commission late Friday granted Sirius Satellite Radio Inc. (SIRI) approval to complete its $3.3 billion purchase of XM Satellite Radio Holdings Inc. (XMSR), ending a 16-month-long political drama and making it possible for the nascent business to start operating at a profit.
According to Reuters, and other news services, this merger saga has been closely watched both on Wall Street and inside the Beltway. Ostensibly, the deal means that the aggregate subscriber base of more than 18 million will be able to receive programming from either service.
“I think this merger is in the public interest and will…
28Jul2008 | Money Morning | Comments Off | Continued
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