Showing posts with label Going. Show all posts
Showing posts with label Going. Show all posts

Wednesday, February 15, 2012

Jon Huntsman's Campaign Is Literally Going For Broke

Jon Huntsman's presidential campaign is almost completely out of cash and deep in debt, just as the 2012 Republican race is starting to pick up.

According to CNN, the campaign burned through the $4 million it raised last quarter, and now has only $327,000 cash on hand. Plus, it owes $890,000 in debt.

Huntsman's financial problems have been apparent since last month, when the campaign let go of about half of its staffers and moved its Florida headquarters to Manchester, New Hampshire. The campaign strategy is now entirely focused on making a strong showing in New Hampshire's first-in-nation primary election.

But the campaign is not giving up yet, and told CNN they have seen a 240% increase in fundraising since the end of last month. Still, it might be too little, too late for Huntsman to make a comeback before the Republican primary elections kick off in January.

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Sunday, February 12, 2012

New 'Sexting' Memoir Is Going To Make Anthony Weiner's Family Holidays EXTREMELY Uncomfortable

Anthony Weiner is learning the hard way that nothing ever dies on the Internet.

After being forced to resign from office in June when his, er, inappropriate sexting ways were revealed, Weiner has worked to stay out of the public eye.

And, truth be told, he's been fairly successful.  That is, until word of a new book by one of his "sextees."

Meet Traci Nobles, a former cheerleading coach who has written a tell-all memoir, "I Freinded You" [sic], to "set the record straight."

What record?  Who cares.

In excerpts obtained by Daily Mail, it's pretty much what you expect (i.e., nasty sexting transcripts and such Nobles gems as, "If anyone would have told me a year ago what would have been in store for me just one year later, I would have never imagined in my wildest dreams.")

But there are a few bits that are sure to upset, like Weiner's thoughts on his marriage to Huma Abedin (who's expecting their first child in the new year) and relationship with his Muslim in-laws:

'I wish I had an escape route sometimes,' he wrote.

'Well a lot has to do with religion,' Weiner wrote in the messages to Ms Nobles. 'Lots of restrictions and how I've never been accepted by them.'

'Touchy is a good word for this. It's been touchy and worse from the beginning,' he added.

'They just believe I should be Muslim or convert… it makes for a lot of uncomfortable meetings.'

'When you're religion is something that is hated from the beginning it doesn't inspire much confidence,' he wrote.

Oh, and that time he masturbated in his congressional office:

'It's a big office and you know that's not the only thing here that's big,' he wrote in one message.
In another he told Ms Nobles that he needed to go to the bathroom before going out on the House floor.

'I had to do some wiping in the bathroom hehe,' he wrote minutes later.

Nobles, who didn't shy away from media attention during the scandal, previously appeared on "Today," telling Ann Curry she didn't regret their online affair.

And we're sure neither does her publisher.

(via Jezebel)


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Sources All Over The Ad Tech Industry Think Google Is Going To Buy Akamai (AKAM, GOOG)

What's the next big move for Google?

We're not sure, but multiple ad tech industry sources think Google is about to buy Akamai.

We've been chasing a rumor that Google is about to make a big ad tech acquisition. The one name that kept coming back at us was Akamai.

At this point, it's mostly just a rumor, but almost a dozen sources inside and outside of Google are telling us that they've at least heard about a looming Google-Akamai deal.

Then again, Akamai is one of those companies that's always mentioned as a take over target.

Also: a high-level source at Akamai that we talked to shot down Google speculation.

Still, all of our sources think Akamai would be a good fit for Google.

There are two reasons.

REASON ONE: Akamai is sitting on a trove of valuable data that Google could use to vastly improve its business. Akamai delivers video and knows what people are watching, when they're watching it, and how they're watching it.  

Google could use that information to improve search, video, display, everything. There's a huge risk in "sniffing" the data from Akamai to influence other parts of Google as one source put it. Google would have too much information, and it would have even more government regulation.

akamImage: Yahoo Finance

REASON TWO: Akamai's stock has been crushed in the last year. It's off by 50%, so the company could be had for a decent price. A recent Bloomberg article speculated Akamai would sell for $7.4 billion or more.

UPDATE: BONUS REASON THREE: If Google wants to turn YouTube into a cable alternative, Akamai's technology would be very useful. It would be a fast, efficient way to deliver video.

If you know what Google is interested in buying, email us at jyarow@businessinsider.com or call Jay Yarow at 646.376.6037.


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Thursday, September 22, 2011

Stocks Going Crazy, But Remember What Happened Yesterday...

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One hour to go, Dow up 180.

But remember what happened yesterday.

Major late-day selloff.

chart

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Thursday, September 15, 2011

BEHIND THE SCENES AT GLENN BECK'S NEW SHOW: 'We're Going To Be The Next HBO, The Next Netflix!'

Glenn BeckWhen someone says 'future of media' is the first person who jumps to mind Glenn Beck?  No?  Maybe he should be.

Beck launched his new subscription only GBTV show on Monday night.  Ahead of the launch the Wall St Journal reported that 230,000 people had already subscribed for the show at $9.95/month, which among other things put Beck's company on track to pull in $20 million this year (that's $17 million more than Beck's contract at Fox News). 

It also meant that Beck had attracted more subscribers to his Internet network than Oprah had attracted viewers to her television network in June (156,000).

Not a bad way to start. 

Naturally the proof is in the pudding and those sorts of numbers put Beck in the unusual position of being profitable before necessarily being influential.

Judging from what Beck and company tell us they have planned they don't plan on that being the case for long (the White House apparently concurs).  The big question thus far appears to be how quickly consumers will adjust to getting their TV over the Internet, and whether Beck will be able to appeal to an audience outside his already large following now that he's no longer just a click away.

Last night I visited the Glenn Beck show along with three other reporters and got a first hand look at the show followed by a set tour from the man himself. 

Perhaps not surprisingly for a man who held a rally on the National Mall in August, Beck is aiming big.

"We view GBTV as Netflix in a way, as HBO in way," said Beck. "People know when you go to HBO it's good quality.  My audience is loyal because they don't necessarily know what I'm going to do, but they know it will be worth their time, I try not to waste their time, and it will be good quality."

The show is currently being broadcast from a basement studio in midtown east, though Beck says there are plans in the works to move it to Texas early next year, where it will greatly expand. 

Thus far Beck–who is much taller, and thinner, and likable in person than the camera would lead you to believe–is doing the show in front of a small live audience, some of whom arrived with gifts for Beck last night and a number of whom weren't shy about talking back (albeit) quietly to what they were hearing (we arrived during Beck's final four points: "is Obama insane?"...answer: no).

The show is still a work is progress, with the cast and crew feeling out what can and can't be done–last night the clock ran out on comedian Brian Sack before he finished his monologue–apparently the feed cuts off at five on the dot.

It's also an hour longer than Beck's Fox show, a "marathon" he tells me, "it feels like an eternity." 

The set itself has taken the nostalgic feel of Beck's old Fox set to a new level; the walls are covered with numerous television sets from various era and there is a "library" in one corner.  It also houses a three-dimensional chalkboard, reportedly the most expensive ever made.  At one point Beck says "this is us, downscaled."  Chris Balfe, his business partner, and president of Mercury Arts, is quick to jump in: "no, it's not." 

Glenn Beck chalkboardAnd it certainly doesn't look it.  Especially for viewers at home, the show streams in better definition than many a TV set I've owned. 

“My first goal" says Beck, "was to put on a show and have people say, ‘oh, that is not a webcast.'  [The other networks] have the resources of Murdoch and Turner, we can't get into the ballpark of that on day one. Let us just stabilize this system...we are pushing the envelope and doing things we shouldn’t be doing right now. We have a lot to work out.”

Meanwhile the place they want to work to sounds like something out of Star Trek.  Beck envisions a show that will be entirely interactive so that viewers will be able to touch things they see on their screen and explanatory windows will pop up.  Or past monologues dealing with similar subjects will appear (a work-intensive feature since Beck doesn't own the rights to any of his Fox content).  

The ideal result, says Beck, will be a show that appeals to everyone: "If you're dumber than the show, great this show's for you.  If you're smarter than the show, great, this show's for you, because you can educate yourself either direction."

And again, the key to that widespread appeal will be attracting an audience beyond those already loyal to the Beck brand. 

To that end, GBTV intends to license older shows for broadcast (I Love Lucy and Bonanza come up but Balfe notes nothing is settled yet).  He's also making everything available on iPad and iPhone with the intention of attracting younger viewers (Balfe, who is in his early 30's, notes he watched the show in the back of a cab on his iPad).

And this may be news to some viewers, but Beck says he's not interested in being a "conservative stick in the mud.  We're going to push you up against the wall, life is about challenges."

Also?  It's not all about Glenn Beck. 

Beck says his goal is to make people forget what GBTV stands for in the same way people no longer remember what ESPN stands for.  "I don't want it about me, I want it bigger than me."  Hello, America.


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Thursday, September 8, 2011

The Real Bernanke Bombshell: He's Going Short Monetary Policy

  x You have successfully emailed the post. Looking back over Bernanke's assessment on the economy, one thing really stands out: How much he talks about spending and fiscal policy.

By our count he says the word "fiscal" 16 times.

"Monetary" shows up just 6 times.

The whole speech is basically one long message imploring Obama and Congress not to go into austerity mood prematurely.

While he does talk about possible tools available to the Fed, he obviously doesn't think the options are that exciting, and in light of the balance sheet recession (which Bernanke now seems to grasp) this makes sense: nobody wants to borrow so lending money at a cheaper rate doesn't do much.

Anyway, the dollar is rallying post-speech, perhaps on this idea that Bernanke's zeal for more easing seems limited.

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GET READY FOR IT: Tomorrow Is Going To Be Huge

Today stocks around the world rallied in dramatic fashion, but there really wasn't that much news, just some (mostly expected) events unfolding in Europe.

Tomorrow, however, should be a pretty big day.

First, news aside, it will be interesting to see whether or not markets continue the new two-day up-trajectory.

As for news, it starts out with the ECB and Trichet's press conference. The calls are growing louder and louder for him to reverse his interest rate hikes from earlier this year, but right now the expectation is that no cuts will be announce tomorrow or even called for.

Recent ECB days have seen major disappointment on the part of the market, as Trichet comes off as oblivious to the fires raging around him.

Also, the BoE is up tomorrow morning, so watch for signs of more QE.

At 8:30 AM, there are two economic reports. Initial claims and the trade deficit. Right now initial claims are one component of the labor data holding up alright, and analysts expect 400K right on the button.

Then there are the two big speeches.

First up is Bernanke at 1:30 with a speech on the economic outlook. Obviously this will be parsed like crazy.

Obama's big jobs speech is at 7:00 and details have already leaked out. Check out out preview of it here.

So, it should be good on policy (BOE, ECB), data (initial claims and the trade gap), and headlines (Bernanke and Obama speaking).

Just want you want for a nice, busy news day.


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Friday, September 2, 2011

The Government Is Going To Sue The Big Banks For Swindling Fannie, Freddie, and Others On Crap Mortgages

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Bank of America Boat" width="400" height="300" />The regulator that oversees Fannie Mae and Freddie Mac is going to sue the country's big banks for swindling everyone with toxic mortgages during the housing bubble, reports Nelson Schwartz of the New York Times.

The suit will be filed against Bank of America, JP Morgan, Deutsche Bank and others.

The claim?

The banks knew or should of known that borrowers were lying about their income and assets and that the mortgages the banks were issuing were crap.

So add this to the colossal wave of lawsuits that have hit the banks in recent months. And add this to the pile of concerns that lead many observers to believe that Bank of America and other banks will have to raise additional capital.

SEE ALSO: Here's The Bomb That Might Blow A Hole In Bank Of America

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Tuesday, August 23, 2011

So, Are Prosecutors Going To Apologize To Dominique Strauss-Kahn For Destroying His Life?

Four months ago, New York law enforcement pulled Dominique Strauss-Kahn off an airplane and threw him into a jail cell, costing him his job and all-but-destroying his chances of becoming the next president of France.

Prosecutors said Strauss-Kahn had violently raped a woman.  Strauss-Kahn said he hadn't. Everyone believed the prosecutors, the way they generally do.

Soon, Strauss-Kahn was tossed into solitary confinement and forced to wear a suicide-prevention jacket.

Then, prosecutors decided that Strauss-Kahn was such a flight risk that he should be denied bail.

And so on.

Now, four months later, after shocking revelations destroyed Strauss-Kahn's accuser's credibility, it turns out the prosecutors are no longer confident that Dominique Strauss-Kahn did anything wrong. So they asked the judge to dismiss the charges. Which the judge has now done.

Thanks to the international visibility of this case, the affair has not only temporarily destroyed Dominique Strauss-Kahn's life—it has been a colossal embarrassment and disgrace in the eyes of the world.

So we have a simple question for the prosecutors:

Are you going to apologize to Dominique Strauss-Kahn?

Everyone makes mistakes. We're not suggesting the prosecutors acted in bad faith or anything. But when you make a mistake, it's customary to apologize—especially when your mistake costs someone his job and ambitions and temporarily destroys his reputation and life.

So will prosecutors apologize?


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