Wednesday, January 29, 2014

LEAVING ASIDE CORRUPTION & FRAUD & DISHONESTY...

and by those terms I primarily refer to banksters, there are many failures in the free market that the conservative gasbags almost never mention because they are committed to keeping up the illusion that there is a Free Market Fairy. So, don't expect Limbaugh, Hannity, Beck or Mark Levin to mention this fail by a major company:
Larry Page, Google’s co-founder and chief executive, likes to talk about “big bets” and “moonshots.” But the thing about moonshots is that they can crash into earth.

That appears to be what happened to Motorola Mobility, the cellphone maker owned by Google. The Internet giant announced Wednesday that it would sell Motorola to Lenovo for $2.91 billion, less than two years after paying $12.5 billion to acquire it.

2 comments:

Ken Hoop said...

http://www.tradereform.org/2014/01/reid-deals-body-blow-obama-trade/

The best move of Reid's career?

Steve J. said...

I was really glad to learn this! TPP seems most likely to be a disaster for most Americans and probably many other.