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Archive for July, 2006
Wednesday, July 26, 2006 'Net-bet boss on the run? By David McKee You have to be an early riser to keep abreast of the twists and turns in the BetonSports saga, which is quickly degenerating into farce. The Telegraph reports that the company's founder, bookie Gary Kaplan has fled to Israel. My favorite line has Kaplan "preferring to dodge Hezbollah rockets rather than risk [U.S.] justice." Kind [...]
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Wednesday, July 26, 2006 Will Carruthers be the fall guy? By David McKee It looks like BetonSports is circling its wagons 'round the old "rotten apple" defense. On Monday it gave the boot to CEO David Carruthers, currently enjoying the hospitality of the U.S. penal system. "Clearly, while he remains in the custody of the U.S. government he is unable to perform his duties," ran a company statement. [...]
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Wednesday, July 26, 2006 Republicans love lawyers? Deconstructing the quotes By Steve Sebelius Businesswoman Barbara Lee Woollen is suing state Treasurer Brian Krolicki over those ads alleging that Woollen's movie-production company leased equipment to dirty-movie makers? Now that's not very Republican!
Remember when Republicans were against trial lawyers? Now, U.S. Sen. John Ensign's bill to outlaw taking a minor across state lines to get an abortion allows parents [...]
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Wednesday, July 26, 2006 Mon Dieu! No more foie gras? By Len Butcher
If Sinatra were still alive, I don’t think we’d hear him singing one of his favorite songs–“Chicago”. And he certainly would no longer be saying: “My kind of town.“ If ever there was a town Ol’ Blue Eyes would shun, it would be today’s Windy City, home of the Cubbies, Bulls and Black Hawks and [...]
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Tuesday, July 25, 2006 Quick Hits, on lieutenants and Ensigns By Steve Sebelius
• That's sure a relief. It turns out that state Treasurer Brian Krolicki dislikes illegal immigrants just as much as businesswoman/porn film equipment renter/porn hater Barbara Lee Woollen. As anyone with a TV knows, Woollen has made fighting illegal immigration her No. 1 priority, even though the Nevada lieutenant governor has as much to do [...]
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Tuesday, July 25, 2006 It's looking like a buyer's market By Ian Mylchreest The numbers are getting worse on home sales, reports USA Today. The National Association of Realtors has put out its latest monthly numbers for June and they show falling sales and a bigger and bigger stock of unsold homes.
In fact, it's the biggest since 1997. There is now an 8-month supply of condos and a [...]
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Tuesday, July 25, 2006 Real estate site gets more money By Ian Mylchreest Online real estate company, Zillow.com, just got another $25 million in venture capital, reports the Seattle Post-Intelligencer. Why? CEO Spencer Rascoff says the company wants to be numero uno.
It's already the 11th most popular real estate site and Rascoff compares it to a cable channel with independent programming about real estate. It has already hooked [...]
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Tuesday, July 25, 2006 Where is the privatization boom going? By Ian Mylchreest The morning after the HCA deal was struck and the New York Times says the hospital chain buyout will be the signature private equity deal of the 2000s just as the RJR Nabisco deal became synonymous with the 1980s.
What does that mean? Well, the deal breaks the record but 20 years later $32 billion ain't [...]
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Monday, July 24, 2006 Dept. of Strange Occurrences By David McKee Just When Cubs Fans Thought It Couldn't Get Any Worse …
According to ESPN's Around the Horn, casino owner Donald Trump has been telling Chicago radio stations he's thinking of buying the 37-60 Chicago Cubs. Not only do Cubbie faithful have to watch their loveable losers battle to wrest last place in the National League away [...]
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Monday, July 24, 2006 Hospital chain goes for $32 billion By Ian Mylchreest Health crisis! What crisis? A consortium of the biggest private equity funds and the founders' family has offered $21 billion and assumption of another $11 billion in debt to acquire HCA Inc., the nation's largest for-profit operator of hospitals, reports the Associated Press. And that makes it one of the biggest PE deals ever.
The [...]
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