Just waking up and need something to watch? Tune in to Current TV for a day full of informative marijuana docs. It’s all part of our “Get Real for the Holidays” Festival of True Stories. Click here for the schedule.
If you missed “Bowling for Columbine” last night, tune in to Current TV now. It’s on every night this week at 8E/5P and 10:30E/7:30P, except Christmas Day.
(via The Young Turks)
US Rep.-elect Alan Grayson joined Wal-Mart walk-outs over the Thanksgiving holiday to support the demand for living wages. On “The Young Turks” today, Grayson tells Cenk why he thought it was important to show up on Black Friday.
Tune in to “The Young Turks” tonight at 7E/4P on Current TV.
Researchers made a video that confirms what we’ve been thinking for a long time: Republicans might be below Capuchin monkeys on the evolutionary tree. Oh, and that equal pay for equal work is a big fat “duh.”
Guest co-hosts Michael “Epic Politics Man” Shure and Brown University Professor Tricia Rose talk to Dr. Anthony Iton, Senior Vice President of Healthy Communities of the California Endowment, as part of our Currently: Feeding the Need Initiative. Iton says that you can overlay maps that show racial segregation — even decades ago — with life expectancy and see remarkable similarities. “Segregation has not only economic impact but also has profound health impacts that can be manifest in the actual length of people’s lives,” Iton says. Iton’s organization works to help create healthy food alternatives in these neighborhoods in one attempt to reverse that trend. For more go to current.com/currently.
That’s how much HP says it overpaid for a British software company. Last year, Hewlett bought Autonomy for $11.1 billion. On Tuesday, HP announced that —oops — Autonomy is worth only a fraction of that.
Hewlett said Autonomy misrepresented its finances. But if HP really got hoodwinked on this deal, how? How on earth could they miss something they claim is that big? Autonomy was audited by Deloitte and their work was audited by KPMG. Those are two of the “Big Four” accounting firms. They didn’t notice anything? Really?
This sale also involved a list of banks and law firms on both sides of the deal that are supposed to be the best in the business, including Goldman Sachs, Citigroup and Barclays. Plus, it’s not as if there were no warning signs. Before the acquisition, Oracle had considered buying Autonomy for $6 billion and decided even that was overpriced.
Whether Autonomy did anything wrong will take time to decide, but HP’s mistake is simply incomprehensible.
This is like buying a Rolls Royce, then driving it around for a year before you figure out it’s a Yugo.