Some very sad economy-related news yesterday:

LOS ANGELES — News Corp., the global media giant controlled by Rupert Murdoch, said Thursday it lost $6.4 billion in its most recent quarter….

The New York-based company, which owns The Wall Street Journal and the Fox broadcast network, also forecast a 30 percent drop in operating profits for the fiscal year to June from a year ago, when it earned $5.13 billion.

I know you all feel as sad as I do about that. I think it’s time to start calling for those overpaid blowhards like Bill O’Reilly and Sean Hannity to take pay cuts. If we can hold UAW workers up as examples of the types of greedy pigs that epitomize all that is wrong with this country, then I think Billy and Sean (and Brit, and Weaselface…) should be held to at least the same standards.

But, in the most important news of the week, Kellogg has dropped Michael Phelps. I think these people are missing a big opportunity. Imagine a red-eyed, giggling Phelps rushing into the kitchen and consuming a box full of Corn Flakes (right out the box, no milk).

“There’s nothing better than Corn Flakes when you come home with a case of the screamin’ munchies at 3 AM.”

And, after former White House hypocrite and liar Andy Card appeared on Inside Edition and chided Obama for having the audacity to take his jacket off while working in his office (“there should be a dress code of respect….I wish that [Obama] would wear a suit coat and tie”), the Huff Post has a photo of dubya in the Oval Office (with former squeeze Harriet Miers), not wearing a jacket. Oh, the shame.

Gotta head in early this morning to take care of some HR-type stuff. Have a good one.