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Tag: An Inconvenient Truth
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Forget news, is McClatchy a real estate play?
Shares of McClatchy stock hit their lowest price in a couple decades Friday, reducing the market cap of the nation’s third largest publisher of newspapers to about $900 million.
That’s a stop-the-presses number. Ten years ago, McClatchy paid one and a half times that amount for just one newspaper, the Minneapolis Star Tribune, which it is has since sold.
McClatchy’s stock price fell more than 70 percent in 2007. If the trend continues, it won’t be long before one of the company’s dominant assets will be the land and buildings it owns in fast-growing urban areas like Sacramento, Miami, Charlotte, Kansas City and Fort Worth.
Investors may not value newspaper operations anymore, but there is a steady appetite for prime commercial real estate. And McClatchy, with 31 dailies in 29 markets, has some.
CEO Gary Pruitt isn’t ready to put on his Realtor’s jacket just yet. He told The Wall Street Journal in December: “I think the future is bright for newspapers.”
But in the news business these days, it’s always good to have a Plan B.
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Make Way for Rachael Ray
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Patti Solis Doyle regroups for NH primary
Patti Solis Doyle, campaign manager for Hillary Clinton, is in the fight of her life.
Doyle, whose ties to Clinton go back to 1991, when she was hired as Clinton’s scheduler, has five days to turn the tide. After a solid defeat in Iowa, the New Hampshire primary is a crucial contest for a candidate who was once considered a Democratic shoo-in.
This is Doyle’s first national campaign. Although she prefers to stay behind the scenes, she is known as a fiercely competitive person who runs a tight, well-organized operation. She has described herself as “tough as dirt.” (Story continues below interactive map.)
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The daughter of Mexican immigrants and sister of Chicago City Council President Daniel Solis, Doyle has long enjoyed the friendship and full confidence of her boss. She helped strategize Clinton’s Senate campaign in 2000 and has headed her political operations in recent years.She is married to Jim Doyle, senior VP at Penn Schoen and Berland. The firm’s president, Mark Penn, is Clinton’s pollster.
There’s no indication yet of any reorganization in the Clinton camp. Last week, Clinton dismissed such speculation. “There’s no turmoil, no shake-up,” she told the Wall Street Journal. “I have total trust in Patti, who’s my campaign manager, confidante and friend.”
The candidate boarded a plane at midnight, heading for New Hampshire, hoping to repeat her husband’s 1992 victory there.
“Hillary is going to continue making the case that in these serious times when America faces big challenges, it will take a leader with the strength and experience to deliver real change,” Doyle told reporters.
“This race begins tonight and ends when Democrats throughout America have their say. Our campaign was built for a marathon and we have the resources to run a national race in the weeks ahead.”
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David Pogue Builds Geek Publishing Empire
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Bobby Trendy Connects Britney and Anna Nicole
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Roger Clemens and Brian Mcnamee Face Off
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Will Barack Obama and Ron Paul win in Iowa?
If traffic to a candidate’s web site is any indication of popularity in the Iowa caucuses, Barack Obama and Ron Paul will be the winners after the votes are tallied this evening.
Web site traffic statistics provided by Alexa show Obama with a clear lead in the Democratic contest over second-place finisher Hillary Clinton. (Story continues below interactive map.)
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John Edwards lands in third place with Joe Biden taking a distant fourth and Christopher Dodd finishing fifth. Bill Richardson’s doesn’t even break the top 100,000 websites, so there is little data on Alexa about their traffic trends.
On the Republican side, congressman and internet fundraising star Ron Paul’s web site has a clear lead over the rest of the field with Arkansas Governor Mike Huckabee finishing second followed by former Massachusettes Governor Mitt Romney and U.S. Senator John McCain. Traffic for actor and former Sen. Fred Thompson took a nosedive at the end of December, when he was ahead of both Romney and McCain.

Of course, using web traffic as a polling tool is completely unscientific, but as the population ages and more and more internet users become voters, analysis of web traffic trends may become another tool used to predict the outcome of elections in the future. We’ll find out the real results once the caucuses are finished this evening and see how good a predictor traffic to a web site is in gauging voter popularity.
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#1. ken 01.03.2008
RON PAUL FOR PRESIDENT !!!
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#2. Nik 01.03.2008
HOLY CRAP!
Ron Paul is at .05
compared to Obama at .012
Ron has more than quadrupled Barack’s traffic!!!
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#3. nathan 01.03.2008
This is going to get increasingly exciting as the night goes by.Even the msm are saying RP will do better than polls show.
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William Cohen pushes Mideast arms deal
When Congress gets back to business in the new year, one of its priorities will be consideration of the Bush administration’s request for a massive arms sale – in the neighborhood of $20 billion – to Saudi Arabia and other Persian Gulf states.
Israel and Egypt also stand to gain billions more in U.S. weapons as part of the package Congress will review.
The proposed deal is controversial because of the Saudi component. Given the Saudi government’s questionable record on fighting terrorism and curtailing terrorism financing, its funding of extremist wahabbist mosques, its supply of foreign fighters into Iraq and a judicial system that recently ordered 200 lashes for a rape victim, some in Congress don’t believe the kingdom should be rewarded with top-of-the-line American weaponry. (Story continues below interactive map.)
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One of the of the big names supporting the deal is William Cohen, the former senator and defense secretary under President Bill Clinton and regular commentator on CNN.
Cohen has opined on the cable network that the arms deal is good for the U.S. and good for Saudi Arabia.
“The issue really is, are we going to help them modernize their forces so they can be a force to contend with an expansionist Iran, with Iran trying to spread its Shia and revolutionary zeal,” Cohen said last summer when the administration first proposed the sale.
“I think it’s an important idea,” Cohen said on CNN. The Persian Gulf countries “are worried about Iran. In order to help them prepare for their defense capabilities, we should be the country supplying it, so it will be interoperable with our own forces.
“They can buy it from us, they can buy it from the French, the British, the Russians, the Chinese or other country, potentially,” said Cohen. “So the real issue is, are we going continue to solidify our own influence or have it undermined by other countries quite willing to move in and take over the position that we had to date.”
While Cohen cloaked the sale in terms of what is best for American interests, he left out that the weapons sale is good business for him personally.
As chief of the Cohen Group, a lobbying and consulting firm based in the nation’s capital, Cohen represents some of the country’s largest weapons manufacturers, companies that stand to benefit from the weapons sale.
For example, according to lobbyist disclosure documents on file with the U.S. Senate, the Cohen Group represents:
· Lockheed Martin, the country’s largest weapons contractor and builder of high performance jets such as the F-16 and F-35 fighter jets, and the C-130 transport plane. The company also is a major supplier on the JDAM smart bomb.
The Cohen Group has other direct ties to Lockheed Martin. Two of the Cohen Group’s senior officials – retired Air Force Gen. Joseph Ralston, former vice chairman of the Joint Chiefs of Staff; and James Loy, former commandant of the Coast Guard and deputy secretary of the Department of Homeland Security – sit on Lockheed Martin’s board of directors.
· Pratt & Whitney, manufacturer of engines that power high-performance military aircraft. The company’s engines are in Air Force F-15s and most F-16 aircraft and the F-35 jet.
· Sikorsky Aircraft, a manufacturer of military helicopters, including the Black Hawk and CH-53 heavy lift helicopters.
· Rolls-Royce North America, a builder of military engines for weapons such as the Global Hawk unmanned aircraft, the V-22 Osprey, Kiowa helicopters and C-130 transports.
· General Dynamics, manufacturer of combat ships, tanks and the Stryker armored combat vehicle.
Like Henry Kissinger, Madeleine Albright and others in senior Cabinet posts, Cohen has traded on his government service to build an impressive operation that offers clients access to the halls of government and strategies for meeting their corporate goals.
In addition to the defense companies, clients of the Cohen Group include DynCorp International, T-Mobile USA, Oracle, Iridium Satellite, Alcoa, Mitsubishi Heavy Industries and Bechtel.
The roster of lobbyists and consultants on the Cohen Group’s payroll boasts former high-ranking government officials along with a coterie of staffers who know how to navigate official Washington’s bureaucratic class.
In addition to Ralston and Loy, group staff includes Marc Grossman, a former State Department under secretary, Lord George Robertson, former NATO secretary general, retired Army Gen. Paul Kern, former chief of the Army Materiel Command, and retired Air Force Lt. Gen. Harry Raduege, former chief of the Defense Information Systems Agency.
According to the lobbying disclosures, Kern is conducting lobbying for the Cohen Group on behalf of Sikorsky and Pratt & Whitney. Kern is responsible for “identifying Defense Department market opportunities for aircraft engines” and “identifying opportunities for helicopter sales,” the documents say.
Ralston is listed as another Sikorsky lobbyist. So is Lesley Kalan, who previously worked on the Senate defense appropriations committee, which helps set defense spending priorities.
The Cohen Group lists Paul Gebhard and Danny Sebright as lobbyists on behalf of General Dynamics. Gebhard previously worked as assistant chief of staff for former Defense Secretary Donald Rumsfeld and for Cohen when he was the defense chief. Sebright also worked under Rumsfeld and Cohen when they ran the Defense Department
The Cohen Group’s disclosure statements list Gebhard and Sebright as lobbyists on behalf of Lockheed Martin, along with Deborah Rosenblum, formerly a homeland security advisor at the Pentagon, and Brian Knapp, also a former Pentagon adviser.
Contact: eric@muckety.com
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Theatrical Rusty Hardin takes Clemens’s case
Baseball’s Roger Clemens has never been one to back down and go easy on batters.
So it’s no surprise that he has launched a very public campaign to clear his name of allegations leveled against him in the Mitchell report on the use of steroids and other performance-enhancing drugs in baseball.
And it’s also not surprising that Rusty Hardin, a Houston-based criminal defense lawyer, is representing Clemens. (Story continues below interactive map.)
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“(Hardin) remains the name that should be on the speed-dial of every athlete or deep-pocketed Houstonian who might ever conceivably get into trouble,” wrote the Houston Press in naming Hardin Houston’s best criminal defense lawyer of 2005.The honor didn’t come easily, as Houston has long had a reputation for effective and flamboyant criminal defense lawyers.
However, selecting Hardin was a no-brainer, the Press wrote, “like naming Lance Armstrong as Best Bicyclist from Texas.”
Hardin, 66, a Vietnam War veteran, and a graduate of Southern Methodist University Law School, first made a name for himself working as a prosecutor in Houston for the Harris County District Attorney’s office.
During his 15 years there, he almost always won. By his own account, he sent 15 men to death row, according to The New York Times.
The key to his victories was his preparation and his folksy ability to win over juries. “His closing arguments were pure theater,” wrote Pamela Colloff in a 2000 Texas Monthly profile.
Summing things up for the jury at the end of one trial, Hardin reenacted the murder by pretending to pump shotgun shells into a truck. In another summation, he swung a pickax — the murder weapon — into a phone book.
Hardin left the D.A.’s office in 1990 and went into private practice. His resume shows a wide variety of clients. He represented the accounting firm of Arthur Anderson LLP in an Enron-related case. His firm, Rusty Hardin & Associates, P.C., has also handled cases for Rice University, ExxonMobil and Dow Jones & Co.
Hardin successfully represented the estate of J. Howard Marshall II against claims by Marshall’s wife, Anna Nicole Smith, a former Playboy centerfold.
He has also has fared well defending sports stars, so much so that his firm’s website has a section headed “Professional Athletes.”
Former basketball star Calvin Murphy turned to Hardin when he was charged with sexual assault of a child. A jury acquitted Murphy after a five-week trial.
Hardin also got an acquittal after NFL quarterback Warren Moon was charged with assaulting his wife. Hardin represented basketball coach Rudy Tomjanovich and basketball player Steve Francis in separate driving-while-intoxicated cases. Juries acquitted both men.
Clemens, one of the biggest names in baseball and the winner of 354 games over a 24-year Major League career, hasn’t been charged with any crimes.
But former Sen. George J. Mitchell, D-Maine, named Clemens in a report about the use of performance-enhancing drugs in baseball.
Allegedly, Clemens used steroids while playing for the Toronto Blue Jays in 1998 and while a New York Yankee in the early 2000s. The report also accuses Clemens of using human growth hormone.
Brian McNamee, a former trainer with the Blue Jays and strength coach with the Yankees, is the source of these allegations.
Hardin says that McNamee is lying in exchange for easy treatment by federal authorities. “(He) only came up with names after being threatened with possible prison time,” Hardin said at a press conference earlier this month.
The Times reported Saturday that McNamee has retained Richard D. Emery, a New York City lawyer with experience in libel and defamation cases. Emery took aim at a 60 Minutes interview by Mike Wallace with Clemens that’s scheduled to air Jan. 6.
The lawyer said that if Clemens uses the interview to accuse McNamee of lying, the baseball player could expect a defamation lawsuit.
Hardin responded by saying, “My advice to Brian and his lawyers would be to stay tuned because (Clemens) told Mike Wallace the truth.”
Related stories on Muckety:
George Mitchell: connected or conflicted?
Barry Bonds hires powerful defense team
Steroid report centers on two suppliers
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