Bizzy’s Biz Links of the Day (070605)

Things that caught my attention today:

• RadioEqualizer reports on a shocking judicial ruling in Washington State that could ultimately lead to a back-door reinstatement of the ludicrously misnamed “Fairness Doctrine” in talk radio and other broadcasting. Read it, and be afraid. Radio industry initial reaction is justifiably one of major alarm.

  UPDATE, July 9: Michelle Malkin notices.

• The Federal Trade Commission is apparently getting better at pursuing and prosecuting scam artists, but I’m still wondering if anyone in federal law enforcement will even make a definitive move against Amway-Quixtar.
• A hysterical defense (link requires free registration) of Chinese government proxy CNOOC’s bid for Unocal today at opinionjournal.com by CNOOC’s chairman and CEO head apparatchik. This quote near the end is really special:
  

  “I am conscious that, in some ways, CNOOC is helping show the American people the face not just of our business, but of the changing nature of corporate China. The best way we can do that is by being open and responsive to people’s concerns, and by ensuring that they see the careful, transparent standards of shareholder discipline that we apply to a situation like this.”

  I’ll be impressed when the Chinese government sells its 70% stake in CNOOC to the public. Before that, there is no shareholder discipline, only minority-shareholder gambling on the Chinese government’s plans.

  UPDATE: Though BizzyBlog is no fan of Warren Buffett’s politics, this e-mailer’s rant about Buffett as an investor is worth noting: You know, Warren Buffett said about a year and a half ago that with our hige trade deficit with China, at some point the Chinese would start taking over our assets. They would no longer accept our currency, but rather would be taking our property and be the landlord. That is when he really started taking his money out of the US economy and started putting it into other currencies. He was right …… Now they are getting Unocal. It seems they also got all the land around the Potomac River.