Friday, November 17, 2006

Juice?: Is O.J. Simpson trying to make as big a fool of Judith Regan as he did of the criminal justice system? In his ghost-written book, ‘If I Did It,’ being published by Harper Collins imprint Regan Books headed up by Judith Regan, does O.J. confess, as Judith Regan contends, or is he taking Harper Collins and the reading and viewing public (Fox is broadcasting Regan’s interview of O.J. on November 27th and November 29th) on another ride, not to mention what it does to the Goldman and Brown families and Simpson’s two children.

Corporate Crook Update:

  1. Jacob Alexander, former CEO of Converse Technology who fled to Namibia after being charged with options fraud will find out next April if Namibia wants to keep him, likely based on how much money they can shake out of his pockets, or will ship him back to the U.S., likely based on how much the U.S. will pay to have his sorry ass shipped home to face the music. Why does it take six months to decide this? I mean, how lengthy is Namibia’s docket for crooks avoiding extradition?
  2. No RIP! Ken Lay of Enron shame died four months ago and the criminal claim against his estate was astutely set aside by the courts on the basis that he couldn’t defend himself. Now, a bipartisan bill is being promoted by two U.S. congressmen that may end Kenny boy’s RIP, or at least that of his surviving family who face sizeable asset seizures.
  3. Disbarred! Jay I. Gordon, a former senior partner of politically connected Greenberg Traurig, one of the nation’s largest law firms, resigns from the New York Bar for taking kickbacks for steering clients to questionable tax shelters. There is more to this than meets the sty. Stay tuned.

Executives, We Don’t Need No Executives! Borrowing from a line from ‘The Treasure of the Sierra Madre’ and confirming something all working stiffs have known since the beginning of the Industrial Revolution, a corporation (Hewlett-Packard), despite its corporate executive suite being in total disarray, posted sharply increased revenue and made more profit on that revenue.

Chinese Checkers: Through sanctions, the world has been trying for ten years to get the South East Asian country of Myanmar’s oppressive government to care for its citizens, but big neighbor China’s insatiable appetite for Myanmar’s oil ended all that. Isn’t it odd that while China thumbs its nose at world efforts to civilize one of the most oppressive places on earth, U.S. and other western interests are queuing up to invest in China?

Lott’s Lot: Trent Lott, who, four years ago noted that his home state of Mississippi had supported segregationist Strom Thurmond’s 1948 presidential bid and added, “We’re proud of it. And if the rest of the country had followed our lead, we wouldn’t have all these problems.” rather than being disgraced and kicked out of politics, has been elected minority whip, the Republican’s second-ranking Senate leadership position. Just how stupid do they think we are?

Job Iraq? What is our ‘job’ in Iraq? Are we interfering in Iraq’s right to self-government, whatever that is? Are we the Brits and the French of 1776 America? Are we supporting one side against the other in a civil war? Are we fighting for the sole benefit of American Oil companies? What does W mean when he says “We won’t win if we quit.”?

Deep in the Heart of…Toyota? It’s official. Tundra, Toyota’s big red-neck pickup truck, will roll out of a new $1.2 billion plan in Texas. Will W be its pitchman like Dole and Viagra? In fact, how much did Texas W being president result in the plant being located in the Lone Star Sate?

Dogfight! US Air might not know how to run an airline, but it knows how to make a scene. Emerging only last year from its second bankruptcy in the past four years, US Air is now going to try to acquire bankruptcy court-protected Delta Airlines for $8 billion. But wait, what’s this: US Air might make a profit this year? Rarefied air indeed. Maybe US Air does know how to run an airline. Will we finally have an airline worthy of the flag? Air US anyone?

Dell Decked? The G-Men are getting serious about Dell’s accounting practices. Dell announced this week that the SEC has started a formal investigation. Dell will delay release of its financial results from Wednesday until the end of this month but refused to release details to investors about what attracted the feds. What about we, the customers? Are we invisible here? Maybe its time to buy a non-Dell.

Lobocratics? As Republican lobbyists head out of Dodge, Democratic lobbyists are riding in; hard, sweating and frothing. Please, if there is a God, anyone’s God, let the buying of our leaders cease, and reveal the boot hill that awaits those who fail us.

2008 Presidential Election Handicap

Republicans

R

Democrats

R

Former NY Mayor Rudy Giuliani

2

Sen Hillary Rodham Clinton of New York

6

Rep. Duncan Hunter of California

0

Barack Obama

6

Sen. John McCain of Arizona

4

Senator Joe Biden from Pennsylvania

2

Condoleeza Rice, Secretary of State

3

Gov. Tom Vilsack of Iowa

2

Tommy Thompson, a former Wisconsin gov

1

Sen John Edwards of North Carolina and former VP candidate

3

Former gov Mitt Romney of Massachusetts

4

Gov Bill Richardson of New Mexico

1

Former gov George Pataki of New York

0



Outgoing Senate Majority Leader Bill Frist of Tennessee

0



Sen. Sam Brownback of Kansas

?



Former House Speaker Newt Gingrich of Georgia

1



0 = Delusional, 1 = Faking It, 2 = Ego Trip, 3 = Money Pit, 4 = Early Withdrawal, 5 = Ultimate Defeat, 6 = Heavy Breathing


That’s all for this week, my friends. Stay alert; don’t get uh, twisted!