Bailout in Greece

After a deal, only more challenges (New York Times): “This is the Europeanization of the Greek debt. Everyone prefers to have Europe as their counterparty rather than Greece.” Perry Mehrling, visiting professor, School of Law, and a senior fellow at the Center for Finance, Law, & Policy.

Rupert Murdoch & News Corp.

News Corp. announces new code of ethics. Will it make a difference? (Christian Science Monitor): “It will be interesting to see what kind of enforcement measures Murdoch and his staff are talking about, and how exactly they intend to put them into action.” Elizabeth Mehren, Professor of Journalism, College of Communication

Rupert Murdoch testifies before Parliament (WGBH-TV “Greater Boston“): “The culture was get the story at all costs and that seemed to have just permeated to every level. It’s really unfathomable that the top editor wouldn’t have had at some point asked the question of how are you getting this.” Tom Fiedler, Dean of the College of Communication

News Corp. board should be replaced (Bloomberg Television): “There’s no question the Murdochs are key people because nothing is going to happen without their approval but beyond that I think the independent directors hold the key.” James Post, Professor of Management, School of Management

Murdoch struggles for control as scandal grows (Bloomberg): “The shell of invulnerability that Rupert Murdoch had around him has cracked. His credibility and the company’s credibility are hemorrhaging.” James Post, Professor of Management, School of Management

Murdoch scandal coming to U.S.? (WBZ-TV): “The scandal could potentially place at risk Murdoch’s ownership of TV stations in 18 U.S. cities, including Boston.” Tobe Berkovitz, Associate Professor of Advertising, College of Communication

Japan women win World Cup

Japan’s character seen in women’s World Cup victory (CNN.com): “The women’s performance illustrated some key qualities of Japanese society: hard work and resilience. It wasn’t only skills that got them close…It’s the effort that counts. The women were jubilant that they’d gotten that far. They believe in will, showing when we put our minds to something, we can do it.” Merry White, Professor of Anthropology, College of Arts & Sciences

Possible MA Senate run by Elizabeth Warren

Senate run not off the table for Warren (Washington Post): “Warren’s name recognition might not carry to her home state. You guys in Washington know her very well. But I’m wondering whether or not the rank-and-file vote…is going to be aware of who she is.” Fred Bayles, Associate Professor of Journalism, College of Communication

Elizabeth Warren may be ‘wild card’ in senate race (Boston Herald): “Politics is about getting even. That would be something to see.” Tom Whalen, Associate Professor of Social Science, College of General Studies

Contact James Post at 617-353-4162, jepost@bu.edu

“Rupert Murdoch is trying to stay above water, but I’m sure the News of the World has offended and tarred many powerful people in the past. Now it is time to pay the piper.

“Murdoch has some good PR counsel, but the facts are not with him on this one, so there may have to be a lot of public blood-letting. His apologies were good, but forced at best and a little late. Once you are caught, public apologies often ring hollow.

“He needs an independent person or panel to get to the heart of the matter and make some hard hitting reforms to Murdoch’s organization. Otherwise, he may be the king to lose his head on this one.

“Murdoch’s reputation has never been lily white. He is a hard competitor and surely is synonymous with sensational journalism, his Wall Street Journal ownership aside. He made his fortune on selling tabloids to the masses.

“But being an Aussie is not a good place for a Brit sometimes. Reputation redemption may be a long road back. For now, they just need to get at the bottom of the controversy, before they can think about any long-term recovery or offense.”

Contact Peter Morrissey at 617-353-1020, pmorriss@bu.edu

Contact Tom at 617-353-3488, tfielder@bu.edu, Twitter: @BUCOMDEAN.