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Posts Tagged ‘CNBC’



Jerry-CNBC Replay Meets Chron-Times Dust-up

Friday, October 23rd, 2009

023-185After Jerry Brown smacked around money honey Michelle Caruso-Cabrera on national TV Wednesday, the vapid CNBC yakker took to her blog to try to win the argument post facto, kinda like a sloppy drunk  mumbling imaginary “I should have told him” lines to herself after getting 86ed from a saloon for acting the fool. Alas, all Ms. Michelle did was dig herself in deeper.

In trying to pooh-pooh the scope of AG Brown’s lawsuit against State Street Bank, she merely proved her incompetence by using a fallacious calculation of damages (based on California’s entire population instead of the much smaller number of actual plaintiffs enrolled in state pension plans).

In reflexively and aggressively defending the bank by portraying Brown’s motivation as totally political, she underscored the condescending contempt that Wall Street hotshots and those paid to kiss their butts for a living have for the rest of us hoi polloi types.

And by invoking as a proper role model for Brown the former New York AG Eliot Spitzer, driven from office by a scandal involving his kink for boning hookers while clad only in executive, knee-length socks, she revealed herself as one of the more dim-witted alums of Wellesley, a fine university, except for its student body’s popular weekend tradition of piling aboard the “Fuck Truck.”

With Crusty twisting the knife by posting his own Huffpost blog, he came away from the incident a clear winner, looking like a champion of the little guy standing up to financial service scumbags, despite the suspicions of some of our friends on the left that it’s more of a pose than a passion.

dragonflippedThe second biggest media kerfuffle of the week came about when Chronsman Phil Bronstein, the Abe Mellinkoff of the new millennium, all but accused the New York Times of plagiarism by noting the similarities between the anecdotal lede of a recent story in his paper and that of a feature featured in the Times’ much-ballyhooed new Bay Area section, which is aimed at eating the remaining crumbs of the Chronicle’s lunch.

Whereupon the nimble and resourceful SF Weekly quickly noted that the Chron lede he cited itself bore a striking resemblance to that of a Long Beach Post-Telegram story published days before.  This was quickly followed by a brushback blog from (all rise) the Times associate managing editor for standards, Philip B. Corbett, who declared Bronstein’s bitch to be “ridiculous.” El Macho, studiously ignoring the Long Beach-Chronicle connection, riposted by harrumphing that he expected more from the Times.

Then he resumed channeling the late Mellinkoff, a longtime High Sheriff of the Chronicle newsroom who, in the twilight of a storied career, was shunted off to write an ed-page column, which longtime rival Bill German  famously declared should always end with the phrase “Solution Tomorrow.”

weintraub

Speaking of self-referential columnists: Calbuzz kudos to Dan Weintraub, longtime opiner at the B-who’s bailed to launch a new web site (brave man) focused on health care, and to write a Sunday column for the NYT’s aforementioned Bay Area pages. But what’s with the self important farewell piece? We counted no less than 25 uses of the word “I,” along with 14 references to “my,” in the piece, an enough-about-me-what-do-you-think-of-me, self-satisfied summing up of what a splendid fellow is Dan Weintraub. Did we mention he  practically invented the Internets?

“While that change has been difficult for the newspaper industry’s business model, I’ve been a big supporter of the Internet as a way for us to better connect with our readers. With my editors’ support, I’ve tried to be a pioneer in the field, and now, to their chagrin, I am taking what I’ve learned and leaving to do my own thing.”

Trust us, Dan, they’ll get over it.

jerrytwirl

Don’t spill that seed: All right thinking Calbuzzers — even the gnostic monads among us — know quite well that the “Omega Seed” refers to the universal and ultimate encapsulation of all the information-learning generated by evolutionary development, a fascinating idea developed by Paolo Soleri and his Arcosanti Project.

Now the Omega Seed has surfaced in the governor’s race, as A-list political reporters recall Brown asking Soleri about the idea, in one of a series of interviews with innovative thinkers he conducted years ago that form the spine of his ’90s era book “Dialogues.”

With anti-Brown political oppo types (we name no names) just now mischievously sowing the field of Campaign ’10 with seeds of ridicule about the General’s, um, iconoclastic past, artifacts like his book and transcripts of his old KPFA radio shows are suddenly – mysteriously! -   turning up in blogs and the columns of California’s finest newspapers, as purported evidence of the strangeness and wackiness of “Moonbeam” Brown.

But here’s the beauty part: As with the Omega Seed notion, the kaleidoscopic “wacky” ideas that have fascinated Brown over the past four decades almost always show themselves to be genuinely interesting, intriguing and even important, and the spectacle of political hacks, insiders and scribes laughing uproariously at them just proves anew what a shallow bunch of anti-intellectual nitwits we are.

Today’s sign that the end of civilization is near (click on the photo): sweatlodge

Davis Bullish on Wider Sales Tax, Bearish on eMeg

Friday, June 5th, 2009

graydavis1It’s not often that former Gov. Gray Davis makes news, but in a low-key appearance with Erin Burnett on CNBC’s “Street Signs” Friday, California’s recalled chief executive made several observations worth noting on taxes and the governor’s race.

Asked by Burnett – who seemed fixated on blaming the initiative process for all that ails the state – Davis pointed squarely to the 2/3 vote requirement to pass the state budget and California’s dependence on income taxes as the culprits.

“Fifty percent of our income tax comes from the top one percent (of taxpayers) and they pay us a lot of money when the market is doing well and real estate is doing well, neither of which are happening right now. So that’s a very volatile tax,” Davis said.

“But the sales tax is very predictable and I think you’ll see Governor Schwarzenegger’s tax commission come back and recommend that the sales tax be lowered and widened. Meaning that law firms, accounting firms — any service — when you go get your car repaired — all that will be subject to a sales tax. And I think that will be a much more dependable that will even out the ups and downs we experience.”

Mark those words, Calbuzzers – lower the sales tax rate and widen its application. Don’t be surprised if Arnold’s Parsky Commission recommends a similar change, linked to something like a small reduction of the capital gains tax – the combination aimed at increasing and stabilizing tax revenues.

Since it was Erin Burnett and a business show, Davis was also asked if he thought former eBay CEO Meg Whitman would make a good governor.

Davis: (pause) “Uh, she may be. I know her. She’s a good person. Outsiders have not had a great track record in winning in California or governing that effectively. People like to say it’s like running a business but if it was, government would run more efficiently. But I think people tend to change and after a Republican governor I think they’ll be looking for change, so I think Democrats have a better chance in 2010.”

So says Senior Statesman GGD.