Fox Business News is really very good. However, they are disjointed and seem to be not very well put together. Less, shall we say, professional. However, the news they report is good and, usually, pretty accurate. I especially like it when they talk to people who did not get what they know from being a news anchor but from actually worked and risen through the ranks even if it is on rising through the rands of Fox Business News with increasingly responsible positions. Not very likely in most networks.
I like their simple approach though and their explanation of what something means. One day they had a real business guy explain Derivatives. Do you know what they are, how they work and how they affect small business? Do you really? Why is it important. Because that and Credit Default Swaps brought down AIG. That melt down has affected us all. There are people in brokerage firms everywhere making these bets and affecting market segments that may hurt your business. So learn about stuff like that and not from the national media either. You are much better off watching Fox Business News and listening to their real business people. The national media makes people who make a profit (no matter how high) look like the bad guys and companies that pay back stimulus money as cheaters or less than good people and top managers who make big salaries as blood suckers. Not true for sure. Sure there are Bernie Madoff's in this world and there are real crooks and there should be some regulations, but remember we ARE NOT SOCIALIST! THIS IS FREE ENTERPRISE!
On the subject of top management salaries, I will deal with that at some point. I have mentioned it in the past. Let me just say here that I think the top guys should earn what they can but I also believe that boards filled with cronies have allowed those salaries to go to far. How much more do you need or how much more can you do if you made, say, $50 million over, say, $10 million. I could live and give on $10 million and help a bunch of people in need too. How about you.
What do you think?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment