Rupert Murdoch Unveils Plans for the Global Dow

[flashl]

WEBWIRE – Monday, August 11, 2008

Editors of The Wall Street Journal Will Select Global Leaders

MUMBAI .— Dow Jones Indexes, a leading global index provider, will launch The Global Dow, an index whose components are selected by the editors of The Wall Street Journal.

The launch of this new icon was unveiled today by Rupert Murdoch, chairman and chief executive of News Corporation in Mumbai, India. Dow Jones Indexes is a business unit of Dow Jones & Company, a News Corporation company (NYSE: NWS, NWS.A; ASX: NWS, NWSLV).

Mr. Murdoch said: "The world is changing and how we measure that change economically and financially is clearly a challenge and an opportunity. We have seen a reweighting of risk around the world, but the world itself is being economically rerated and so we need an index that allows investors to take advantage of these changes. Indian companies will obviously have a place in The Global Dow as will companies from other emerging countries where we have seen an unprecedented economic emancipation over the past two decades"

...

The Global Dow will track the share prices of existing and future global leaders in every industry. Vigorous companies from emerging economies will be included along with companies from emerging sectors such as alternative energy.

In search of "fresh meat"?

[nc4bo]

1. New. World. Order. nt

:tinfoilhat::tinfoilhat::tinfoilhat::tinfoilhat:
:scared::scared::scared::scared:

[A HERETIC I AM]

2. There are already dozens of major indexes, both regional and sector specific...

why would one more be that big of a deal?

All the companies that would be listed in such an index would by definition, be publicly traded already. There is no "fresh meat" to be had in this regard. It's just a list of companies whose collective share prices will be listed into an average.

There is already at least 7 major, global indexes;

* BBC Global 30
* MSCI World
* S&P Global 100
* S&P Global 1200
* Russell Global 10000 Launched 17/01/07
* FTSE CNBC Global 300
* FTSE Global 100


Here's a list of the scores of indexes from around the world;

http://en.wikipedia.org/wiki/List_of_stock_market_indices

That entry lists 51 indexes for the United States alone.

[raccoon]

3. Thanks for the heads up. I sure didn't know that. nt

[Warpy]

4. Nothing is more tragic

than a mogul who doesn't realize his trajectory is starting to nose downward but continues to make grandiose plans for a future he is unlikely to be able to affect.