Ray Adams is the man in the lastest Murdoch scandal
By Michael Collins
Ray Adams is a name you will hear more frequently as the latest and perhaps most fatal Murdoch - News Corp. scandal emerges.
When Murdoch was setting up his BSKYB cable network in England, he had some serious competition. ITV had a digital service called ITV Digital. The British broadcaster was prepared to go head to head with Murdoch's network. As the services rolled out, ITV Digital became subject to furious hacker attacks. The hackers broke the ITV encryption code and distributed it widely allowing so many people to get free ITV service, the venture failed, largely due to the piracy of its service, and Murdoch had a clean road to mega profits with BSKYB.
PermalinkThe Devil's in the Details - Foreclosures
By Numerian Posted by Michael Collins
It seems, therefore, that millions of foreclosures that have occurred in the past two years may be invalid. Investors who were part of the $8,000 tax credit program may not have valid mortgages and may not legally have the right to live in their home. Title insurance companies have stopped accepting mortgage titles from GMAC and other financial firms implicated in this situation. Numerian
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