the first News of the World was published.

165 years later, how have they changed the world?

It could soon all end.

News International were already heavily in debt ( saw an interview with Murdoch on Bloomberg )before this crisis.

Could we see them selling off assets soon at knockdown prices to keep their business going.

I remember MAXWELL going the same way.

KARMA does seem to come into play eventually - and Murdoch and his ilk certainly may start reaping some of the misery that they have sown during the last 20 years around the World.

If I was an investor in News International I would be a very worried person because we could see some big names crash in all of this. The banks WILL pull the plug when they are stabilised - they are just waiting to claw back what they can from a position of strength.

They will then blame the recession on US for spending above our means.

The way the World economy is set up now is shocking.