Hi. I'm Hacking. Not Hacking Cough. Not Hack's License. Those are common mistakes. I'm just Hacking. My full name, really, is, "Using Illicit Means to Access Private Information With a Computer," but I go by Hacking for short.
On Friday S&P downgraded U.S debt from AAA to AA+, the first such downgrade in the nation's history resulting in grave concerns over the outlook for the U.S. economy. Yet simultaneously they must have been popping champagne corks at Pimco.
It is relatively safe to assume that Murdoch's empire will very soon be history. But the question is, what might replace the vacuum that will emerge in its wake? The histories of imperial collapse offer some insight.