culture, politics, commentary, criticism

Friday, January 06, 2006
Christine DeLay, charity swindler. A fresh batch of subpoenas has been issued for a advocacy group linked to lobbyist Jack Abramoff and Rep. Tom DeLay &mdash known by the dynastically-inspired name of the
U.S. Family Network:
The group raised $2.5 million from three Abramoff clients, including $1 million from Russian businessmen, the Post reported. Abramoff worked with [Former DeLay chief of staff Edwin] Buckham to organize a 1997 trip to Moscow by DeLay.

Buckham's lobbying firm, the Alexander Strategy Group, employed DeLay's wife, Christine, paying her $115,000 during three years. DeLay's lawyers have said she was paid to determine the favorite charities of members of Congress.
$115,000 to Tom DeLay's wife to determine what everyone already knows? Seems like a lot. The favorite charity of GOP members of Congress is, of course, themselves.

And who knew that Russian businessmen cared so deeply about U.S. families as to lighten their pockets by $1 million?

Tom and Jack, that's who.
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Torture and gazpacho. "Even people who describe themselves as friends of [Cheney's new chief of staff David] Addington believe that he has damaged President Bush politically by pressing anti-terrorism policies to the legal breaking point. And for many Republicans who bear scars from Addington, his story raises the ultimate question about the Bush White House: Who's in charge here?" writes
David Ignatius.

"[Addington] lives in a modest house in Northern Virginia, takes the subway to work, and shuns the parties and perks of office. He usually has the same simple meal every day -- a bowl of gazpacho soup. Though born in Washington, he styles himself as a 'rugged Montana man' in the image of his boss, and he has a photo in his office of Cheney shooting a gun."

The most cluelessly homoerotic administration in history.
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Thursday, January 05, 2006
"Letterman is a smart guy who can spot a phony with telescopic accuracy," said Bill O'Reilly.
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When CEOs sell. Because they are the ultimate insiders, sales of stock by companies' CEOs can be viewed as a weathervane of where the company is going. After all, Skilling and Lay sold big before Enron tanked. Do recent insider sales mean that Halliburton's doom is near?
Barron's, sub. only:
Hallibuton's shares have surpassed highs hit five years ago thanks to rising energy prices. And lucky insiders have been guzzling up the profits.

Company insiders sold $24 million in stock in the fourth quarter, eclipsing the five-year average of $5.9 million for this period, according to data from Thomson Financial. [...]

Insider selling spiked in July, September and December, when the stock tested five-year highs, notes Mark LoPresti, senior quantitative analyst at Thomson Financial. [...]

In 2005, five senior executives sold nearly a million shares for roughly $55 million in 2005, eclipsing sales of 154,000 shares for $5.9 million the previous year, according to Thomson data.

Andrew Lane, chief operating officer, Bert Cornelison, general counsel, and Mark A. McCollum, chief accounting officer, are among the executives selling shares. [...]

David Lesar, chief executive officer, has been the most aggressive seller. He pocketed $6.9 million last month by selling 107,000 shares after exercising options on most of them. The options were priced between $31.55 and $51.50, and the sales were conducted under a fresh trading plan Lesar adopted in August.

This year, Lesar made more than $46 million selling nearly 778,000 shares -- about 70% were options-related sales -- since he started selling in April. Even so, he continues to maintain a stake of just under 700,000 shares with the help of option grants. [...]

"[T]his guy is getting pretty fat option grants," says [Harris Hall, director of equity research at Singular Research]. This is a "classic example of the company that is getting sweetheart deals from the government and insiders are making out like crazy."
Note that $46 million for one man in one year is a non-trivial amount of money. That's more than twice the amount of cold cash that Jack Abramoff siphoned from Indian tribes and stashed in his secret accounts.

Oy vey! How I yearn for the scandalous days of Whitewater and blow jobs.
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Wednesday, January 04, 2006
Gender confusion. Guess who's going after Mattel and the Barbie doll for sowing the seeds of transgenderism. The director of the Concerned Women for America's Culture and Family Institute, that's who, and his name is
Bob.
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Tuesday, January 03, 2006
Leo Wells: Thievin' for Jesus. A whole bunch of you are Googling your way here looking for info about Leo Wells and his Christian REIT empire, so I'll point you to a couple of the posts that seem to interest the most folks. Start
here.

And if you're a widow who believes in Jesus Christ, God help you. All I can say is stay away from Wells Real Estate.
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Bye, Jack. A few months ago I drew up a schematic of
Jack Abramoff's seamy Sun Cruz casino dealings — including his involvement with the Gambino crime family — that you can see here.
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"It is not normal for a healthy 59 year old man to injure his face as often as this guy does. It just isn't."
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Monday, January 02, 2006
Here's a small gratuity for looking the other way while we commit war crimes. What? You don't want it?
"...both Mexico and Chile may be excluded from U.S. aid programs this year because of their ratification of the treaty creating the International Criminal Court and their failure to sign bilateral treaties with Washington exempting U.S. citizens from it."
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He's a real nowhere man. Lest we forget, Iraq was not the only centerpiece of Dubya's second term. The other "big idea" of Phase Two of the neocon revolution was the privatization of Social Security — another notion that has gone exactly nowhere. Because if you invested in the blue chip stocks of the Dow Jones Industrial Average in 2005, the Year of Bush Pushing Privatization, your investments made zero dollars. Not even zero, but a net loss. (
WSJ):


The invisible hand of the market evidently disapproves of the lack of visibility in the nation.
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View the Archive

Greatest Hits · Alternatives to First Command Financial Planning · First Command, last resort, Part 3 · Part 2 · Part 1 · Stealing $50K from a widow: Wells Real Estate · Leo Wells, REITs and divine wealth · Sex-crazed Red State teenagers · What I hate: a manifesto · Spawn of Darleen Druyun · All-American high school sex party · Why is Ken Lay smiling? · Poppy's Enron birthday party · The Saudi money laundry and the president's uncle · The sentence of Enron's John Forney · The holiness of Neil Bush's marriage · The Silence of Cheney: a poem · South Park Christians · Capitalist against Bush: Warren Buffett · Fastow childen vs. Enron children · Give your prescription money to your old boss · Neil Bush, hard-working matchmaker · Republicans against fetuses and pregnant women · Emboldened Ken Lay · Faith-based jails · Please die for me so I can skip your funeral · A brief illustrated history of the Republican Party · Nancy Victory · Soldiers become accountants · Beware the Merrill Lynch mob · Darleen Druyun's $5.7 billion surprise · First responder funding · Hoovering the country · First Command fifty percent load · Ken Lay and the Atkins diet · Halliburton WMD · Leave no CEO behind · August in Crawford · Elaine Pagels · Profitable slave labor at Halliburton · Tom Hanks + Mujahideen · Sharon & Neilsie Bush · One weekend a month, or eternity · Is the US pumping Iraqi oil to Kuwait? · Cheney's war · Seth Glickenhaus: Capitalist against Bush · Martha's blow job · Mark Belnick: Tyco Catholic nut · Cheney's deferred Halliburton compensation · Jeb sucks sugar cane · Poindexter & LifeLog · American Family Association panic · Riley Bechtel and the crony economy · The Book of Sharon (Bush) · The Art of Enron · Plunder convention · Waiting in Kuwait: Jay Garner · What's an Army private worth? · Barbara Bodine, Queen of Baghdad · Sneaky bastards at Halliburton · Golf course and barbecue military strategy · Enron at large · Recent astroturf · Cracker Chic 2 · No business like war business · Big Brother · Martha Stewart vs. Thomas White · Roger Kimball, disappointed Republican poetry fan · Cheney, Lay, Afghanistan · Terry Lynn Barton, crimes of burning · Feasting at the Cheney trough · Who would Jesus indict? · Return of the Carlyle Group · Duct tape is for little people · GOP and bad medicine · Sears Tower vs Mt Rushmore · Scared Christians · Crooked playing field · John O'Neill: The man who knew · Back to the top






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