In a month of street riots, budget cuts and sovereign debt crises in London, it’s hard to resist comparisons to Greece – and indeed, if you read much of the coverage in the U.S. media it would seem that London is in the grips of a raging anti-austerity protest. But while the closure of youth programs may leave more troubled teenagers idling in town centers, it doesn’t make them anti-austerity protesters.
Just a short week and a half ago, Rupert Murdoch’s News Corp was in seemingly robust health. Cash rich and growing, it stood at the cusp of finalizing its $13b buyout of BSkyB, Britain’s largest pay TV provider. Now Murdoch and Co. are in full retreat, and the BSkyB deal has collapsed. So what happened?
How do you hire a judge? It’s a thorny question—who, or what, can be trusted to pick someone who is supposed to be impartial between everyone?