Posts By Sir Bob Jones

NEWSPAPERS R.I.P

News of the impending sale of Britain’s Telegraph Group, publishers of one of the nation’s best quality dailies, says it’s all about the fate of newspapers.

Why? Because the owners, Scotland’s Barclay Brothers, are seeking €200m (which doesn’t mean they’ll get it), this after paying €665m for it 15 years ago.

HOPE IN A CHAOTIC WORLD

Just when all seems lost to see the electoral demise of the Trump atrocity, my hopes have been restored. I refer to the news from the all-important Iowa state that Pete Buttigieg has surged ahead in the polls.

Better still, the utter collapse in supp

“POOR JUDGMENT BY TRUMP”

The above is a Stuff website heading.

If there was a prize for the worst sample of stating of the obvious, that heading surely takes the cake.

What was the story about? Does it matter? When it comes to Trump, the only question is how and why could this abomination end up as President? It’s a horror story inducing a deep pessimism about the contemporary world and its future.

UBER FOUNDER SELLS $500 MILLION STAKE- SHARE PRICE SINKS AGAIN

The above is a (British) Telegraph heading. Is it a justifiable news story? Yes; specifically who’s the mug who outlaid the $500 million for this doomed dog?

As I’ve repeatedly written, Uber can only survive as a socially useful co-operative. What it can’t do is make a corporate profit. It’s the easiest walk-in-the park short sell situation out there. Not withstanding the founder being the share seller, always a giveaway signal, you may think someone feels differently about Uber’s prospects.  In fact the probable explanation is that the buyer was a short seller when the share price was much higher.  He’d have sold at that high price level with borrowed stock and is now buying in at a lower level so as to replace the shares he borrowed.