| Stack of Stuff Quick Hits Page |
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June 27, 2008 |
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Story #1: InBev Tries Hostile Takeover of Anheuser-Busch
RUSH: Good news out of St. Louis. Anheuser-Busch rejected the takeover bid from InBev in Brussels. They're actually a Belgian and Brazilian company. A $46 billion takeover. Patrick Stokes, chairman of Anheuser-Busch's board, said, "InBev's proposal significantly undervalues the unique assets and prospects of Anheuser-Busch." August Busch IV, who runs the company, says, "We have no interest in selling." So InBev says, well, screw you, we're going hostile. InBev said yesterday it was preparing to launch a hostile bid for Anheuser-Busch following reports that its US rival was preparing to reject the bid to buy Budweiser. "In court documents that it was prepared to launch a proxy battle seeking the removal of Anheuser's entire board, citing 'delays and apparent plans to attempt to block the acquisition.' InBev's court filing said that it had been told by Mr Busch before launching the bid that he was opposed to any offer, and that Anheuser was 'not for sale.' Mr Busch, according to InBev, also said he and his board were committed to the company's independence."
So InBev says screw you, we're going to get rid of your board, we're going to make a move. This is now going to become a hostile takeover. And the InBev people have done a smart thing. They have let America's politicians know that nothing would change. (interruption) Yes, Mr. Snerdley, a question from the program observer. That's right, the Belgians have no interest in fighting terrorism. They've got their priorities. They'll fight for beer. If you were in Brussels, Belgium, what would you do, fight terrorism or fight for beer? And so yes, the Belgians are going to go to the mat here for Anheuser-Busch, and the InBev guy got hold of all these politicians, "Don't worry about it. We're not going to change anything Anheuser-Busch does domestically."
 Story #2: Funny Photos on Blog About NPR Funding
RUSH: Here's a picture, a funny picture here from a blog called the Say Anything Blog, and it's from their June 10th issue of the Say Anything blog. I guess somewhere they were asking people a question: "Should Congress continue to fund National Public Radio." I knew it was a newspaper because what they've done is link here to picture of local residents who answered the question. Now, there's a guy here, his name is Richard Guess from Charlestown. I don't know Charlestown where. It doesn't say. But this guy looks exactly like what liberals think Southerners look like. And here is Richard Guess' answer to the question "Should Congress continue to fund National Public Radio?" "Congress should continue paying for it because if they don't, the taxpayers will end up paying for it." Now, what do you bet this guy votes Democrat?
Story #3: Iraqi Soccer Team Loses, Nobody Kills Players
RUSH: The Iraqis got blown out in their attempt to go back to the World Cup in soccer, the soccer team got beat. They have fired the soccer coach, and they fired everybody on the team, which is an improvement. Had this happened during the reign of Saddam, they would have all been put in the wood chipper.
Story #4: Feds Put Moratorium on Solar Energy Projects
RUSH: Get this, from the New York Times today: "Faced with a surge in the number of proposed solar power plants, the federal government has placed a moratorium on new solar projects on public land until it studies their environmental impact, which is expected to take about two years." You environmentalist nutcases, you've shot yourself in the foot out here. We've got these solar plants out there, and they didn't do an economic impact study, so we're going to shut 'em down. I guess there won't be any solar power tomorrow. I guess we're not going to get any solar power for homes tomorrow or next week, a two-year moratorium to study -- how do you get one of these things built without an environmental impact? For crying out loud, I couldn't put an outhouse in my backyard without getting one.
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