A multimillion-dollar lawsuit has been quietly making its way through the New York State court system over the last three years, pitting a private equity manager named David Storper against his former boss: Secretary of Commerce Wilbur Ross. The pair worked side by side for more than a decade, eventually at the firm, WL Ross & Co.—where, Storper later alleged, Ross stole his interests in a private equity fund, transferred them to himself, then tried to cover it up with bogus paperwork. Two weeks ago, just before the start of a trial with $4 million on the line, Ross and Storper agreed to a confidential settlement, whose existence has never been reported and whose terms remain secret.
It is difficult to imagine the possibility that a man like Ross, who Forbes estimates is worth some $700 million, might steal a few million from one of his business partners. Unless you have heard enough stories about Ross. Two former WL Ross colleagues remember the commerce secretary taking handfuls of Sweet’N Low packets from a nearby restaurant, so he didn’t have to go out and buy some for himself.
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Filed under China, Corruption, Democrats, humor, parody, politics, Republicans, Russia, satire, snark, television, Vladimir Putin
From Think Progress:
There’s supposed to be a firewall between President Trump and the business he continues to own, which is being run by his his two adult sons, Eric and Donald Jr. Both Trump Sr. and Eric have recently made public statements about their commitment to making sure the presidency doesn’t becoming a money-making venture for the Trump family.
But there’s already been indications that firewall isn’t as firm as it should be.
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From THE HUFFINGTON POST:
Newt Gingrich loves selling himself – both as a presidential hopeful and as a for-profit author.
As he seeks the GOP nomination, the former House speaker frequently combines traditional political campaigning with the sales job for his books and films that has earned him millions. As his rivals on Friday scheduled busy days with voters in early nominating states such as Iowa and New Hampshire, Gingrich planned a single public event: a book signing in the nation’s capital.
(Update: Gingrich’s book signing has been reportedly cancelled due to “public safety concerns.”)
Bill O’Reilly was there with an umbrella?
Gingrich, enjoying a surge in the polls just a month before the first contests are held, prides himself on his non-traditional campaign style. It isn’t clear whether it will pay off politically. But it certainly has not hurt his own income.
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From The New York Times:
An unapologetic and defiant Herman Cain suspended his presidential campaign on Saturday, pledging that he “would not go away” even as he abandoned the Republican presidential race in the face of escalating accusations of sexual misconduct.
“As of today, with a lot of prayer and soul searching, I am suspending my presidential campaign,” Mr. Cain said at a rally in Atlanta, surrounded by supporters chanting his name. “Because of the continued distractions, the continued hurt caused on me and my family, not because we are not fighters. Not because I’m not a fighter.”
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Filed under Barack Obama, humor, Mitt Romney, Newt Gingrich, parody, politics, Republicans, Ron Paul, Scandals, Sexual Harassment, snark, Wordpress Political Blogs
From Chris Moody at THE TICKET at YAHOO!:
NAPLES, Fla. — The staff at Books-a-Million didn’t know what hit them.
In preparation for a Saturday morning book signing with Newt Gingrich, the bookstore printed numbered cards for the first 500 people looking for an autograph from the former House speaker and Republican presidential candidate. The store gave out its first card at 8 a.m. on Black Friday–27 hours before Gingrich was scheduled to arrive–and ran out before he stepped in the door. After that, the Gingrich fans had to fend for themselves.
Gingrich spent the two days after Thanksgiving on a campaign swing through Naples, Florida, a wealthy conservative stronghold in the Sunshine State that was, to say the least, extremely welcoming.
After his speech, during which he took time to clarify his position on illegal immigration, Gingrich hopped over to a $1,000-per-person fundraiser at a city council member’s home and then spent four hours the next morning at a Books-a-Million, where he brought in 650 people.
After months in the middle tier, Gingrich is the latest presidential candidate not named Mitt to ascend to the top of national polls. And with just five weeks until the first caucus in Iowa, he may have the best chance at being there when it matters. On Sunday, the largest newspaper in New Hampshire, the Union Leader, endorsed Gingrich in the Republican primary.
Although he has been in the public eye for years and seen his share of crowds, this kind of attention is new for Presidential Candidate Newt.
Filed under humor, Marijuana, Newt Gingrich, parody, politics, Republicans, Richard Nixon, Ron Paul, snark, television, Wordpress Political Blogs
From STEVE KORNACKI at OPENING SHOT at Salon:
We may be witnessing the political world’s answer to “The Producers,” the Mel Brooks musical about an avaricious showman who concocts a sure-to-flop production that somehow turns into the surprise hit of the season. It’s called the Newt Gingrich presidential campaign.
The former House speaker has rocketed to the top in national GOP polling, and with only weeks remaining until the Iowa caucuses he now has an opportunity to cement his status as the conservative movement’s designated alternative to Mitt Romney. In a month full of breakthroughs for him, Gingrich scored his biggest coup yet over the weekend, when the Manchester Union Leader awarded him the most coveted newspaper endorsement on the Republican side.
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