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Author: muckety
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Muckety Movers Bankruptcy Lawyers
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Freedoms Watch May Bite the Dust
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Phelps Makes Millions Without Breaking a Sweat
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Big three auto chiefs won’t have easy time unloading jets
This time round, the chiefs of Detroit’s big three automakers arrived in the nation’s Capitol like supplicants – transported in hybrid cars, rather than private jets.
Rick Wagoner of General Motors Corp. offered lawmakers a list of austerity measures – among them, the planned shuttering of GM’s corporate aviation services.
Hint: Click in map to explore connectionsStory continues below interactive map

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(requires Java)MAP HINTS: Click expands a name. Control+Click centers map on a name. Solid lines are current relations. Dotted lines are former relations. For advanced tools choose Tools > Options from the menu at top. More help. Not seeing the maps? Please go here to check for the latest version of Java.After being skewered by Congress and even by Saturday Night Live last month, Alan Mulally of Ford Motor Company had already announced plans to sell his company’s fleet of five corporate planes (although his pay of $22.8 million last year included $752,203 for his personal use of a corporate jet).
Turns out, though, neither company’s move may bring in significant cash, reports Dealscape. The reason: the market is flooded with jets recently put up for sale by dozens of squeezed corporate chieftains.
Troubled banking giant Citigroup has quietly put up two planes for sale – luxuriously-outfitted Falcon 900EXs, according to online advertisements and public records. While the planes’ asking prices are not listed, similar aircraft are advertised for $30 million, according to CNN.
The problem is the sudden upsurge in supply has meant falling prices for everyone.
In a hearing in U.S. Bankruptcy Court in Manhattan on Wednesday, Lehman Brothers sought approval to sell one of its corporate jets, a Dassault Falcon 50, for the apparently bargain-basement price of $6.2 million.
In its motion to the court, Lehman blamed a saturated market for the low price. The failed investment firm said it had been marketing the jet since September. But as time passed, the plane’s valuation only fell further.
“[Lehman] is aware of at least 38 Falcon 50 aircraft being actively marketed – more than a two-year supply at the current pace of sales,” the bank said, noting that even more were “being more quietly marketed.”
The court rubberstamped the sale.
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This post is tagged with: Alan Mulally, Business, Ford Motor Company, General Motors Corp., Lehman Brothers, Recent Stories, Rick WagonerRead related stories: Business · Recent Stories
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Hillary Clinton races against deadline to defray campaign debtDecember 5, 2008 at 5:26pm
Hillary and Bill Clinton have stepped up their efforts to retire millions of dollars in campaign debt from her failed bid for the White House before she becomes the nation’s top diplomat.
Chicago Connections Helped Ebony Snag Obama Interview
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David Gregory in Line for Meet the Press Job
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Silda Wall Spitzer Becomes the Family Breadwinner
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David Gregory in line to succeed Tim Russert on ‘Meet the Press’
David Gregory is in talks with NBC News to become the next moderator of “Meet the Press,” the popular Sunday news show.
If the deal is consummated, the baby-faced White House correspondent and fill-in “Today” show host will face an enormous challenge to fill the shoes of the late Tim Russert, a widely respected journalist who died last June of a heart attack.
Hint: Click in map to explore connectionsStory continues below interactive map

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(requires Java)MAP HINTS: Click expands a name. Control+Click centers map on a name. Solid lines are current relations. Dotted lines are former relations. For advanced tools choose Tools > Options from the menu at top. More help. Not seeing the maps? Please go here to check for the latest version of Java.NBC has insisted there is no deal yet. But the Washington Post reported today that the network could announce a decision as early as Sunday, when Tom Brokaw is expected to end his temporary stint as moderator with an interview with President-elect Barack Obama.
Other leading contenders for the job have included NBC News correspondents Chuck Todd and Andrea Mitchell, PBS host Gwen Ifill, MSNBC host Chris Matthews and former Nightline host Ted Koppel, who recently ended a long-term contract with Discovery.
One reason the 38-year-old Gregory may have pulled ahead of the competition is his long-term value to NBC. He is often described as its first choice to one day succeed Matt Lauer as host of “Today.”
“Today” is the most profitable show on television, and therefore, hugely significant to Jeff Zucker, the chief executive of NBC’s parent, NBC Universal, according to the New York Times. That show is also personally important to Zucker, a former executive producer who led “Today” to its current ratings’ dominance.
Gregory, the son of a Broadway producer, has been the network’s chief White House correspondent throughout the years of the Bush administration, where he had a reputation as a relentless questioner who would engage in verbal sparring with White House press secretaries when he felt his questions were given short shrift.
After Vice President Dick Cheney accidentally shot a hunting companion, for instance, Gregory admonished press secretary Scott McClellan: “Don’t tell me you’re giving us complete answers when you’re not actually answering the question.”
On another occasion, Gregory said: “Don’t be a jerk to me personally when I’m asking you a serious question.” Gregory later apologized to McClellan.
Yet he also maintained relationships with those he covered. He famously celebrated his 30th birthday aboard George W. Bush’s campaign plane eight years ago – with the cake provided by the candidate.
Bush nicknamed the 6-foot-5 reporter “Stretch” early in his tenure and later downgraded him to “Little Stretch,” according to the Washington Post’s Howard Kurtz.
It hasn’t hurt Gregory that he is well-connected to parts of the Washington power establishment through his wife, Beth Wilkinson, a prominent attorney. The two met when Gregory was covering the Oklahoma City bombing as a reporter and Wilkinson was serving as prosecutor on the case.
Besides having worked as a Justice Department prosecutor, Wilkinson is a former Fannie Mae executive, who resigned from the beleaguered mortgage agency Sept. 19 after the government assumed control. (She had been recruited to help the mortgage agency rebuild its relationship with regulators after a series of accounting scandals in 2006.)
Among the visitors attending the baby shower for the couple’s first child was then-Assistant Attorney General Michael Chertoff whom Wilkinson worked with at the law firm Latham & Watkins as well as at the Justice Department.
Gregory attended American University in Washington, where he also began working as a journalist. As an 18-year-old freshman, he cut a deal with the ABC affiliate in Tucson to use him as a Washington correspondent. He joined NBC as a Chicago-based correspondent in 1996.
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Related posts on Muckety- Scott McClellan comes from ‘tell-all’ tradition – May 28, 2008
- Tim Russert, admired journalist and Buffalo Bills fan, dead at 58 – June 13, 2008
- Unknown scientist, a political neophyte, leads the ‘neutered’ EPA – June 25, 2008
- Researcher Steven Hatfill wins settlement in anthrax case – June 29, 2008
- Nigel Lythgoe leaves American Idol for new venture – August 6, 2008
- Anti-terrorism policies crafted by ex-court clerks – October 4, 2007
- NBC’s Andrea Mitchell navigates tricky path in covering financial crisis – September 25, 2008
- Michael Chertoff takes high profile in response to Hurricane Gustav – September 1, 2008
- Lehman gives Erin Callan, Joseph Gregory the boot – June 12, 2008
- Dannehy given wide berth in investigation of U.S. attorney firings – October 2, 2008
This post is tagged with: Andrea Mitchell, Beth A. Wilkinson, Chuck Todd, David Gregory, Media, Meet the Press, Michael Chertoff, Recent Stories, Tim RussertRead related stories: Media · Recent Stories0 Comments
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Michael Moore defends the car guys, sort ofDecember 4, 2008 at 5:18pm
It wasn’t so long ago that Michael Moore devoted an entire movie to nailing the CEO of a Big Three automaker.
American Millionaire Mark Pigott Lavishes Gifts on Uk
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