Free Republic

The Denver branch of the Bancroft family, Dow Jones & Co.'s controlling shareholder, is to vote against accepting News Corp.'s $60-a-share offer, putting pressure on News Corp. to raise its offer, according to a person familiar with the situation. The Denver trust, which holds 9.1% of Dow Jones's voting stock, is seen as an important faction within the Bancroft family. The trust is seen as a seller but had been pushing for a higher price....[snip] The Denver trust has argued that the super-voting B class shareholders should receive a premium of 10-20% over the $60 offer. In their view, News...

America the Unfree Paul Craig Roberts Wednesday, Jan. 28, 2004 The Heritage Foundation and Wall Street Journal's 10th annual Index of Economic Freedom pulls the wool over our eyes. The deception is unintentional and arises from a fatal flaw in the index. The index delivers the comforting conclusion that the United States is the 10th-most free country, far ahead of 155th-ranked North Korea. However, the index ignores the simple truth that people who do not own the product of their labor are not free. People subject to an income tax do not own the product of their labor. Our Founding...