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Honnold and Wright in Sufferfest 2: Three Weeks, 45 Desert Towers, 700 Miles By Bike
4/28/14 - Last summer, Alex Honnold and Cedar Wright endured the Sufferfest: the human-powered endurance challenge of bagging all 15 of California's 14,000-foot peaks by bike, foot, and climbing shoes. Now they have completed Sufferfest 2, a 700-mile ride through Canyonlands in Colorado, Utah, New Mexico, and Arizona, bagging desert towers along the way.
Over three weeks, the two climbed 45 towers—a total that normally takes years even for hard-core desert aficionados. And though there were some gimmes along the way (if any desert route is a gimme), they also completed some notorious routes, including Dolofright (5.11 R) on Dolomite Tower, the chimney testpiece Liquid Sky (5.11++) on North Six Shooter, and the Northeast Arête (5.12 R/X) on the Sharks Fin in Monument Basin. Honnold free-climbed three of the most difficult tower routes in America; the Finger of Fate (5.12+) on the Titan, Ivory Tower (5.13b) on Castleton Tower, and Excommunication (5.13a) on the Priest. "I nearly cracked a rib in Liquid Sky, and nearly killed Honnold when a block flew out of Sacred Space," Wright enthused.
The duo ended their journey on the Navajo Reservation in Arizona, where they put themselves to work helping to install solar energy systems for remote homes. "Alex has launched a non-profit called Honnold Foundation, which he is using to funnel cash into some alternative-energy solar projects that he feels strongly about," Wright said. "This year one of his big goals was to get more directly involved with one of these projects, instead of just throwing money at it. Ending on the Navajo Nation seemed like a good opportunity to raise awareness through a film and actually help hands-on with a Navajo solar project that one of his sponsors, Goal Zero, had helped fund in the past." As a bonus, the two got to climb half a dozen towers on the Navajo Nation that are normally off-limits, including a first ascent and two first free ascents.
The impressive full list of Sufferfest 2 towers is reprinted below.
Colorado National Monument
1. Otto's Route, 5.7, Independence Monument
2. Medicine Man, 5.11+, Sentinel Spire
Fisher Towers
3. Lizard Rock, 5.9
4. King Fisher, 5.10 C1
5. The Cobra, 5.11 R
6. Ancient Art, 5.10+
7. Finger of Fate 5.12+
Castleton Valley
8. Ivory Tower, 5.13b, Castleton
9. Coyote Calling 5.12a, The Rectory
10. Honeymoon Chimney, 5.11a, The Priest
11. Holier Than Thou, 5.11c, The Nun
Big Bend
12. Iron Maiden, 5.12a, Lighthouse Tower
13. Dolofright, 5.11d, Dolomight Tower
14. Infrared, 5.11+, Big Bend Butte
Arches National Park
15. West Face, 5.11, North Gossip
16. Be There, 5.11, South Gossip
17. West Face, 5.11, Argon Tower
18. The Owl, 5.8
19. Bullwinkle Tower, 5.6
20. The 3 Penguins, 5.10+
White Rim Trail
21. Chimney Rock, FFA, 5.12+ fingercrack
22. Chip, 5.11 C1
23. Dale, 5.10
24. North Ridge, Monster Tower, 5.11
25. Washer Woman, 5.10+
26. Standing Rock 5.11c
27. N.E. Arete 5.12 R/X, Sharks Fin
28. Sisyphus, 5.11 R, Zeus
29. Primrose Dihedral, 5.11+, Moses
Indian Creek
30. Liquid Sky, 5.11+, North Six Shooter
31. South Six Shooter, 5.6
32. Learning to Crawl, 5.11
33. Sparkling Touch, 5.11
34. Easter Island, 5.10
35. Sun Flower Tower 5.10+
36. Hoop Dancer, 5.11, Humming Bird Tower
37. Sacred Space, 5.11, King of Pain
38. Powders of Persuasion, 5.11
New Mexico
39. Ship Rock, 5.9
Navajo Nation
40. Chinle Spire, 5.10 C1
41. King Louie Spire, FFA, 5.11d R
42. The Pope, 5.11, C1
43. The Fluke, The Whales Tail, FA, 5.11
44. The Whale, FFA, 5.11 R/X
45. Eagle Mesa, 5.7X
Dates of ascents: April 2014
Source: Cedar Wright (all Instagram photos used with permission).
15 comments
Previous Comments
2 of the songs from Sufferfest 2, by John Knoernschild of The Sigmaticle Tour Green, can be found here https://thesigmaticletourgreen.bandcamp.com/album/reactor-ep-2014-remasteredJohn - 12/18/2014 12:17:34
Just my two cents... The Navajo Nation still has it's ban or restriction on climbing on the Navajo Nation in place. Cedar just happened to speak to the right people and should you pursue this avenue (in which I do recommend) please ask and not poach climbing on our reservation. During our tenure with Cedar and Alex, we still ran into some troubles and even though I'm the 'Navajo Guide' who did take them out there, there are some that still will take advantage of you since those outside of the tribe are 'outsiders'. Please ask for permission when attempting to climb on the Navajo Nation as there are Navajo climbers that can get you access and that's the way we prefer it. Also, we had a blast witnessing these two climbers tear it up on our reservation. We hope we can be of some assistance again down the road. Please visit our Dine (Navajo) Rock Climbers Coalition page found on Facebook to get more info on how you can climb on our reservation.Quentin Tutt - 05/06/2014 10:18:36
Yo Cedar, interested in how you got permission from the Navajo Nation. From what I understand their official policy is that climbing on their nation is not allowed. Thanks a lot. JDJD - 05/05/2014 11:51:10
MAJOR PROPS for striking a sweet deal with the Navajo Nation! Glad to see that a mutually beneficial arrangement can be made! They aren't always open to letting people climb there, but I'm glad to see that a reasonable arrangement can be made that doesn't involve monetary exchange.Dan Skellie - 05/02/2014 10:54:13
If you point out real behind a "reality" show your a hater. Then again am sure there is a lot of footage of the support vehicles in the film?jabbers - 05/02/2014 7:46:27
Major props. That tick list is a half-lifetime worth of good climbing!Nick - 05/01/2014 10:23:40
Ok, here it happened again..negative vibes to Cedar. Here is the bottom line, I think. Cedar decided a long time ago that he loved to climb and then he started climbing all the time. Now, many years later, he is still doing what he loves to do (climbing a lot and sharing these experiences with his friends and rest of the world via his movies, music, writings and pictures (his art). Among these contributions he has and is giving back to charitable causes. Negative comments are not going to change him, so just give it up out there in climber negative land! And here is a little tip to the neggies out there...you , too, can choose to climb all the time. Those neggies nagging at you will turn upside to positron emissions. Nobody starts at the top. Just do what you like to do and share the love and be happy for others!Tim - 05/01/2014 5:27:39
Just not seeing the hate here. I enjoy reading about the exploits of the pros and I think Honnold and Wright do a great service to the climbing community as far as motivation and stretching the limits of what is possible. To contrast them to two unsupported, and unknown climbers doing a similar thing without the social media buzz is an excellent comment on not only where climbing has been and is going, but also the cultural expectation that were have to post our every move and the arrogance that everyone should be interested. Criticizing people at the top in sports is nothing new. I saw little criticism by dirtbag in his post. The only problem I have is labeling any minor critique of the sports elite as a hate message speaks more to elitist privilege than any comment dirtbag made. Time to get a thicker skin. Except for the use of the word semi-haterish Wrights response was a good one.Jim Smith - 05/01/2014 3:54:42
Dirtbag seems a little jealous and mad at the world. Poor guy. Keep trying maybe you can still get that sponsorship.Mike Anderson - 04/30/2014 10:38:25
I love the idea of raising awareness to social justice and other sustainability issues with climbing! Nice work all!Kevin Soleil - 04/30/2014 9:17:54
Dirtbag... Those guys were rad, and there style was awesome. We actually shared a bottle of wine with them at Big Bend campground, we were mutually stoked on each others trips. One of them had a nasty wreck when his bike trailer got the wobbles on the hill down from Castleton, and it was looking like the climbing part of the trip was over...major bummer. To address your semi-haterish comment. I'm a huge fan of the bad ass dark horse, but am extremely grateful to live life as a pro climber . As far as the support thing... yes we were luxuriously supported. There are trade offs to the supported verse unsupported bike tour thing... especially in the desert, where there are some places it's very difficult to bike to and climb due to the lack of water. We definitely would have climbed WAY LESS if we had carried all our gear, water and food. That being said we thought about it, but decided that since I was producing a short film that it would be too much like a bad episode of survivor if we were "self-supported" while our film crew and riggers were enjoying burritos and gatorade. In the end we decided it was too contrived and opted to let our crew double as support. Last summer we climbed all the 14ers in California by bike without support, but this was much more feasible because there is plenty of water, and grocery options along the way and we didn't have to carry climbing gear because we were soloing. Cheers!Cedar Wright - 04/30/2014 8:04:22
One of the funny stories I heard from this adventure was when these two, their two support vehicles, their cook, and entourage, ran into a couple of guys bagging towers by bike, unsupported, unknown and un-instagramed. It's all good, but it's a cool reminder that there are mystery climbers out there getting after it all the time just like the sponsored guys.dirtbag - 04/30/2014 9:09:20
Bill, Honnold climbed Excommunication after doing the Honeymoon Chimney. They did 45 towers, with occasional bonus routes!Climbing Staff - 04/29/2014 10:51:32
Excommunication is not listed in the 45 tower routes. Does that mean they did 46 routes? Or is Excommunication a variation on the Honeymoon Chimney route?Bill Wright - 04/29/2014 7:27:17
Ship Rock is in the Navajo Nation--You should make sure to get that right in your list.Matt - 04/29/2014 7:26:11


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Posted on: June 2, 2010 3:20 pm
I take it back. Forgive me Doc.
Gastrapod being the bigger man, he takes it back. Back prior to 2007s NBA title run, I was very critical to Doc Rivers. Even after the title, I gave credit to the team, and not the coach. I even posted a thread which went something to the tune of Celtics win in spite of Doc. I admit I was wrong. This season, and to a lesser degree, last year's injury plagued nightmare, have proven Doc to be the coach he is. A great one.
Early on, I hammered Doc on personal decisions, timeout usage and late game play calling. Game 4 Magic series aside, Doc has proven himself to not be the disaster in these regards I labeled him as. Game 4 was a total mess, from the not calling a timeout, the 19 turnovers, and the 3 minute no scoring overtime start. But that was an anomoly, Doc cannot pass, shot the ball for his players or keep Garnett from dropping the ball as time expires.
The Cleveland Cavs series showed what a solid game plan can do, even to King James. And it was oh so satisfying watching the King go down. Thanks Doc, for rendering LeBron James useless. The absolute dominance of the Magic and elimination of Dwight Howard from the games was again brilliant. Thanks again.
So now we have Kobe, who will be a greater issue to deal with. James may be the most talented player in the game today, but day in and day out, Kobe Bryant is the best, period. this will be the big test. Both teams are banged up, so the injury factor is not really applied here. Two great coaches, two good teams.
So for the first time, I have faith in Doc. See if it lasts, LOL.
Posted on: November 30, 2009 1:34 pm
Brady V.S. Manning
Probably the most over played debate of all time, yet people get in near death battles over it. Truth is, they are nearly identical in regards to what you get. Almost frighteningly so. Since 2001 (minus 2008 when Brady was out)
Player Comp Passing Yards % TDs INT Rating
Tom Brady 2562 29,413 63.4 217 92 93.6
Peyton Manning 2752 33,032 66.5 245 106 111.7
So as the nubers go, Peyton gets the nod, minus INTs,
Notable facts, these stats start after Peyton had been at the helm for 3 full seasons, and Brady's first. Obviously there is a maturation process, and is indicated in Brady's later numbers, versus his prios. Second was tha absence of a big game reciever prior to Moss. No offense to Troy Brown and Dion Branch, but they just are not Reggie Wayne or Marvin Harrison.
On Manning's behalf, he does throw the ball a bit more, and that is reflected in his higher INTs. More attempts will equate to more picks. Also, for a number of years, he had the misfortune in lacking a competative defense. Always a QB's best friend.
Final conclusion, how can one say one or the other? Manning is a more natural in the pocket passer, and Brady is a better over all awareness QB in reards to denenses and shifts. But those tho aspects are impossible to quantify. Fact is, there are some 28 or so teams, that would love a Brady or Manning.
Posted on: November 10, 2009 1:13 pm
Red Sox as 2009 ends
So 2009 was a disappointment. What's new for 2010 (or Old)?
We start with the old (players). Red Sox are bringing back Tim Wakefield for 2 years, $5 million. Still servicable, but not a solid option. #5 rotation at best. At this rate, he may pitch till he can collect social security.
Declined, the option for Jason Varitek. No surprise here, as he has become a liability. After a good start, his hitting woes didn't just fall back to 2008 levels, they dropped below as the season dragged on. The team did however, express interest in signing him to be Victor Martinez's back-up. Ouch! Can he still wear the C on his Jersey in that role?
Declined, the option on Alex Gonzalez. This one troubles me, as iot was only $6 million. The teams intent is to sign him, but for less money. His bat is weak, but he offers solid defense, which the team has proven they need out of that position.
Still a potential issue is Left Field. With Jason Bay on the free agent market, there are no gurantees. The Sox will make a strong bid to keep him, but will it be strong enough?
The New.
The team needs hitting, and another solid starter. Jos Beckett, John Lester, Clay Buchholz are the clear 1,2,3, with what looks like Daiske Matuzaka and Tim Wakefield as the 4, and 5. Some how I am just not thrilled.
So what's available? Hank Blaylock (29 years young) jumps out as a 1B/DH hitter. Would remove Mike Lowell from every day play, but he is barely that now.
If Bay can not be retained, the Sox have to get Matt Holliday. There is no other answer, other than a one year bandaid approach for 2010. Someone like Jermaine Dye.
Then pitching, what's there? John Lackey (?) Randy Wolf (?) Erik Bedard (?). Who out there confidently replaces the Diceman? Not sure the Sox make a big move here.
Long way to go, but unless the Sox want to sign a bunch of free agent senior citizens, there are very few top tier options.
Posted on: June 4, 2009 9:49 am
Edited on: June 4, 2009 9:51 am
The Beckett bashing?
Not sure if it is just Red Sox haters, or Beckett haters, but either way, give me a break. After a rough April, he has settled down and pitched extremely well. Since the start of May, he has given up 9 earned runs over 41.2 innings, that is an era of 1.97 Hardly worthy of panic. Or put another way:
Josh Beckett thus far: Wins 6, Losses 2, ERA 4.09, strike outs: 68, Innings pitched 70.1
CC Sabathia thus far: Wins 5. Losses 3, ERA 3.46 strike outs: 56, Innings pitched 78 So where is the panic.
Seems the Sox ace is on pace to match or beat the Yankees ace. And for 4 million dollars less. Yet we keep hearing the comments and seeing the threads started, Beckett is done, has no fastball, giving up too many hits. The guy has been, is and will continue to be an ace. If he was a free agent tomorrow, the Yankees would be offering him the world to come play in the Bronx.
Posted on: April 22, 2009 6:30 pm
The end of Papi? or just Rust?
O.K., this is a painful post for me, but here goes. Not liking the sinking stats for David Ortiz this season. I know, I know. its only April and he will heat up in the warm months. But what if he does not? Seriously. Last season's .264/23/89 numbers were disappointing, but the ALCS .154/1/4 with 9 strike outs was terrifying. So now here we are in April of 09, .196/0/6 with 15 strikeouts. As of today, only 14 total bases, that is less than his K's. Worse, only 3 extra base hits. Trend? I know, I know, no reason to panic right?
So here is my case, ready Sox fans. The Wrist. What injury basically ended Nomar's career. Well, the part of his career worth mentioning that is. For a power hitter, this is as bad of an injury as one can sustain. They claim it is "repaired", but do we really know? Watching him at the plate one has to question it. Slow swings, inability to drive the ball. Something is not right. Again, all in my head right?
His age. Could it be that Big Papi is just a tad older than he claims? We have seen it before with Dominican players and fudged ages. Is David maybe just a little closer to 40 the we think? His physical battles seem to indicate that maybe there may just be some merit to this claim. 34 years old and does not play the field is hardly strenuous on the body. 38-40, a bit more so. Impossible, of course?
In summation I am sure summer will come and these fears will be proven false. That they are just the April kinks getting worked out, much like Sabbathia and his slow start. But as a Red Sox fan, I am not liking what I am seeing from the 3 hole. Not hitting the panic button, but am concerned that maybe things will be a bit tougher than forecasted. I am sure Sox fans will hammer me for this, LOL.
Posted on: April 7, 2009 2:40 pm
Back to GM, and the Fed's attempt to sink them.
Back about a week ago, with the terms of the latest GM bailout revealed, was a small but significant term mentioned, but not greatly covered. The federal government was, as part of the new auto bailout terms, forcing GM to drop it's corporate sponsorships for sporting events. This means auto racing, FLW fishing tournaments, the works. Many praised this policy as a good move. GM should not be giving away money when they are in financial hardship. But is this not the most significant media for positive GM advertisement available to them? Let's have a look. Who predominately follows FLW tour events? Middle class, suburban/rural working males. Middle Americans, who proudly wave the Stars and Stripes, have buy American bumper stickers. Drive pick-ups and SUV, support our troops, tow boats, have families. In short, the prime level of consumers that GM needs to connect with. This same crowd dynamic composes the fan base of racing events. What happens when GM pulls out of these events. One only needs to look to B.A.S.S. and when Chevy pulled out. Toyota jumped right in. Look at the B.A.S.S. tour now, Tundra's and Sequoias as far as the eye can see. Go to sporting shows, there is the Toyota booth, official sponsor of the B.A.S.S. Master Classic. Significance, over the past several season, local fisherman competing in local events have bought more Toyotas than GMs. Just go to a boat ramp at a major lake and see what vehicles are present. Should GM pull out of these existing sponsorships, the same trend will happen. Middle class Americans are loyal consumers, and they will support the company that supports their interests. It was money well spent for Toyota, and for GM to give up another platform, could be catastrophic. Just a few months back, Forrest L. Wood, founder of Ranger Boats and the FLW tour sent out a personal email to all FLW members urging them to support GM citing their loyalty to bass fishing and the American way of life. Does GM really want to and can they afford to alienate this loyal consumer base? Learn from past mistakes GM and the Federal Government. Don't turn away middle America, they are a consumer base you cannot survive without. And one that Toyota will be all to happy to suck up to.
Category: Auto Racing
Posted on: March 26, 2009 11:04 am
Trot Nixon released.
the title says it all, Trot Nixon released. A player for whom it once looked like the sky was the limit, now can't even make it as a reserve. After 8 full seasons with the Boston Red Sox, where he achieved solid numbers, he now seems unable to even put the ball in lay.
After signing a big contract with the Sox, Nixon was plagued by a mysterious back injury (injured while on the plane flying to spring training?), and has been on a systematic decline ever since, seeing his batting average fall 10-15 points per season. Worse, his once 30 homer, 10 steal potential is all but evaporated. In 2007 while playing for the Indians, Nixon could only amass 3 homers and 0 steals in 307 at bats. So low was manager Eric Wedge's confidence in him, he sat him on the bench during the ALCS against his former club. He was on the Mets roster in 2008, but that is about all you can say about 2008.
Summation, Nixon was once a fan favorite for Boston, always seeming to come up with big plays against the Yankees. Those days however are long gone. Judging by his spring training performance with the Brewers before he was released, 4 for 38, it seems his only course left is retirement. His 12 season totals stand at .274, 137 homers, 555 RBI, but the past few seasons have been almost embarrassing. Time to hang up the cleats and give golf a try Trot.
Posted on: March 17, 2009 9:37 am
AIG, Obama, and Plot to Take Change America?
AIG, where do I begin. I had a lot to say about AIG and the bonuses originally. But the more I thought about it, the more I realized there is no way possible, that these bonuses were a surprise to Washington. It is simply beyond comprehension that Obama, Geithner, no one, looked into AIG's contracts before issuing billions more tax payer dollars. This was a calculated ploy to serve the purpose of a larger agenda.
The latest bailout is issued, with Washington now consuming about 80% of AIG stock. I would say the tax payer, but we all know you and I have no stock in AIG, so we say Washington. This comes at roughly the end of the first quarter, a time when bonuses are paid out. The money comes in and AIG moves to pay out it's $160,000,000 in contractually bound bonuses. All of a sudden the wheels come to a screeching halt. There is Obama, Geithner, Como and dozens of others screaming about the outrage of this.
Whose surprised by this? I am not. AIG, a failed company is continuing it's failed practices. But in doing so, breaking no terms of the bailout issued to them. GM execs and the UAW had to restructure their contracts to receive bailout money. Why was AIG different? Because AIG is the worlds largest insurer. Now the plot thickens. Why could a democrat administration possibly be interested in AIG. As mentioned, 80% is now under Washington control, and they want the other 20%. Total seizure for AIG stock to run the company as they see fit. And how would a Democrat led Washington run AIG? The beginning of a social juggernaut that liberals have been preaching for for 30 years, and now have to opportunity to unleash.
The seeds of universal healthcare have already been planted. AIG will serve as anchor to launch a far more compressive program. And universal healthcare is only the beginning. With the federal government seizing more and more power than ever before, we are now facing a massive redefinition of America. With the new tax credit structure, we are looking at expanding the percent of the population that pays $0 in net income tax from 38% to 50%. For the first time in U.S. History, we are going to be looking at a voting majority that does not have any financially vested interest in the running, maintenance or execution of the Federal Government. I wonder what way that growing majority will vote? Worse yet, the American people seem perfectly happy to surrender their freedoms and entrust all in the shrine of Obama. The real legacy of Bush's failed presidency. Wake up America, the rug is being pulled from under our feet, and once gone, it will never, ever be put back.


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The half dozen Republican candidates in the 2014 primary race for U.S. Senate met Wednesday night in Des Moines for a debate. But as Iowa Public Radio's Clay Masters reports it wasn't much of a debate… more of a chance for voters to figure out who's running.
Sen. Rand Paul (R-Ky.) says he's considering a run for the 2016 GOP presidential nomination. He headlined a fundraiser for Iowa Republicans Friday night in Cedar Rapids.
He may be picking up where his father, former Rep. Ron Paul (R-Tx.), left off his 2012 campaign.
Recent polls indicate freshman Kentucky Senator Rand Paul is a favorite among GOP hopefuls for the White House in 2016. Paul is coming to Iowa later this week to speak at the Republican Party of Iowa's "Lincoln Dinner." Host Ben Kieffer gets his views on immigration reform, drones, and bridging the warring factions within the GOP. Then, he gets analysis from Bruce Gronbeck, Emeritus Professor of Communication Studies at University of Iowa.
Newly re-elected chair of the Republican National Committee Reince Priebus says his party will have to adapt to "an era of permanent politics." Host Ben Kieffer talks with Iowa Senator Charles Grassley and Congressman Steve King of Iowa's 4th District.We ask about their stance on the Senate's bipartisan immigration reform as well as their goals as Republicans and as our elected representatives, at the start of President Obama's second presidential term.
President Obama gave his second inaugural address this week, in which he outlined several goals for his coming term. Ben Keiffer breaks down the speech and talks about which goals are politically possible with Donna Hoffman of the University of Northern Iowa and Tim Hagle of the University of Iowa.
Then, discussion over the remarks made by Secretary of State Hillary Clinton during the Senate committee hearing on Benghazi and the recent House vote to extend the debt limit.
Republicans in the Iowa House re-elected their top leadership in a closed-door meeting at the statehouse. They'll return to the capitol on January 14th with a far slimmer majority following the 2012
After many in the GOP forecast a big win for Mitt Romney, it turns out he received fewer votes than John McCain did in 2008. Ben Kieffer talks with political experts, using a week of hindsight to tackle some of the biggest questions in the aftermath of the 2012 election.
With the presidential election looming, hardly anyone is paying attention to Ron Paul anymore. The Texas Congressman ran for the GOP nomination, but has not endorsed his party's nominee. In several places including the battleground state of Iowa, many of Paul's supporters are still involved in politics – but not on behalf of Mitt Romney. As Iowa Public Radio's Sarah McCammon reports, they're keeping the focus close to
It's the day after the conventions—do you know where you candidate is? If you guessed Iowa, you would be right. While President Obama stops at the University of Iowa, Republican Nominee Mitt Romney stumped at Northwestern College – a private Christian school. As Iowa Public Radio's Sandhya Dirks reports, Romney rallied the Republican base and tried to woo the youth vote.
Iowa supporters of presumptive GOP presidential candidate Mitt Romney showed up at a hotel in downtown Des Moines to get a firsthand look at the presidential candidate. Romney spent the majority of his speech talking economic issues.
Ron Paul isn't expecting to get the GOP nomination. He says he'll no longer campaign in states that haven't held primaries. But he and his supporters are pushing for delegates in states like Iowa - who've already voted but have yet to award delegates at the state convention.
As candidates for President continue to criss-cross Iowa, they are often delivering stump speeches that are very carefully crafted to use just the right words. But how those words are delivered can be just as important as the words they include.
Emily Woodbury, a talk show producer for Iowa Public Radio, worked with communication experts and political operatives to analyze the speech patterns of some of the candidates for the G-O-P nomination for president.


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Google's been publishing transparency reports since 2009, but its disclosure of government requests has become especially interesting in the aftermath of revelations about PRISM and NSA surveillance. The company's ninth report, released today, details a significant jump in requests for user information. Since the first report, the volume of government requests has increased by about 120 percent. Meanwhile, the percentage of requests where Google actually supplied user information has decreased slightly, to 64 percent in 2013 versus 76 percent three years earlier.
Google also notes that, as its number of users increases, so does the number of governments that exercise their authority to request information. In response, Mountain View's transparency reports now include countries that make less than 30 requests during a period in addition to those that make 30-plus requests. Among the former group, you'll find entries such as Bulgaria, Lichtenstein and even Vatican City, all three of which made only one request for user data between July to December 2013. Finally, Google's responded to users' questions about its response to search warrants with a live-action animation. Check it out below.


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Mandy Lilly of Wynford attempts to pass the ball off to another teammate to avoid a traveling call as she gets tangled with Ontario's Jayde Niss Saturday afternoon in New Washington during the 2013 Division III Girls District Basketball final at Buckeye Central.
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Teamwork is the most important ingredient this year, and it paid dividends again Saturday afternoon.
Eight different Royals scored, as they pulled away to a 53-36 win in the girls' Division III district final at Buckeye Central High School. ...


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After entering the dark lobby, it appears that someone at Bogor Permai has a phobia of light or is trying to simply save electricity. After turning on your headtorch, you exit the cave-like lobby and surprisingly enter a beautiful courtyard garden which gives all of the rooms a big burst of light through their windows. The air-con rooms have decent spring beds with disappointingly worn sheets, old-style TVs and hot water bathrooms with Western toilets. It feels like a budget hotel with a few features like air-con and it's priced accordingly. Great for those who want a proper hotel but are on a tight budget.
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24 Comments
I don't see mark befriending the guy that's sleeping with the love of his life. Teaching him ,yes. becoming his friend, no. But as i know it Avery working with Sloan is only so this triangle can continue, a lame plot point, when i rather see Lexie go into plastics working side by side mark. I need for them to get back together, They are my only OTP of this show, i like MerDer but not enough to continue watching if M/L don't get back together, this is why i'm sick and tired of SR messing with our fan-base all in the name for ratings. She needs to just put them back together and stop lying to the M/L fans and giving us "Yes it's going to happen" Which it never dose. or "you have 87%" Enough,already. Mark and lexie have been through more then all the couples combined. It's time for some pay off and i would love nothing more then for this "New" season to end with M/L Engaged or married.
Also i'm so glad that the writers aren't having mark fight for lexie, He's already done all the fighting he could to get her back and it didn't work. Hopefully, Lexie see's him trying to move on and starts to fight for him this time around. She needs to prove to him that she really wants him back this time and with everything he is offering. I just hope we get our candle moment this season. We need it badly after Season 6/7
Lexie and mark need to get back together already, this has gone on long enough by SR and Co. I want a Slexie wedding at the end of Season 8 just in case MerDer actually do leave. I don't think the age Difference has anything to do with anything. Lexie's not in her early twenties she almost thirty, She needs growth and i guess that's what going to happen in Season 8? Hopefully, because i want my only OTP on this show to get together and stay together. Also on the whole lexie to young to become a step mother, No. I know people who are a lot younger then her and making a career for themselves. @smileyglen - In her Twenties? She almost thirty, that's the time people start to settle down, not go out and party. Lexie needs to grow up and marry this man, not start sleeping with another roommates when she gets hurt again, How's going to be next? She ran out of guys in that house. i think lexie still see's herself as a teenage, because she certainly doesn't act like an adult. I mean seriously sleeping with two people you live with ? She needs to stop doing that.


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International team captain Greg Norman is hoping to lead his squad to their first victory in the Presidents Cup since 1998 – also held at Royal Melbourne – and shared his thoughts about each of his team members.
|Greg Norman says:
|Jason Day
|"His enthusiasm, no question. The kid wants to win. As simple as that. A quintessential Aussie, that's the way he is. That's an Aussie right there."
|Adam Scott
|"Just a great swinger and his consistency and now he's found his equilibrium on the golf course with the long putter."
|Charl Schwartzel
|"Has one of the best golf swings in the game of golf. His golf swing, I would say, coming close to what Tiger Woods' swing was in 2000."
|KJ Choi
|"Love his tenacity. He goes along and he never looks like he's into it, but he's never really out of it. His demeanor on the golf course is phenomenal."
|Kyun-Tae Kim
|"I don't know much about him. I try to learn as much as I could about him but I don't know much about his golf swing. He's probably the one I can't really make a comment. But his consistency in the year or two years to be on the team is a testament to his ability to play."
|Retief Goosen
|"One of the great players of all time. As simple as that. Clutch player. Great under pressure. Sometimes I wish I had a demeanor like him."
|Geoff Ogilvy
|"Probably one of the toughest head-to-head guys you'll ever go up against."
|Ernie Els
|"Flawless swing. He's probably deep down inside one of the toughest competitors that has ever set foot on the golf course even though he seems so calm."
|YE Yang
|"I spoke to him on the phone in the last six months and he's keen to want to go out there and win. In Korea right now, with the domination on the LPGA right now and him winning a major championship on the PGA TOUR, it's crucial. Y.E. feels it more than anybody about winning this Presidents Cup and taking the Presidents Cup to Korea sometime in the future."
|Ryo Ishikawa
|"I think he's a great player. I think he's a great kid. If all his minders left him alone, he'd be way better today if they weren't around. I think too much pressure's put on him, and too much expectations. I wish they allowed him to breathe a little bit."
|Aaron Baddeley
|"Aaron is a consummate sponge. He wants to learn. He feels like he's got so much more left in him and he wants to tap into as much information as he can get in order to make himself better."
|Robert Allenby
|"Robert's got so much moxie. There's another word I want to use, but I can't use it. He's one of those guys loves head to head, he doesn't care who he's playing. A tremendous match player, just like Geoff Ogilvy."


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comments sponsored by
Asians, Biglaw, Kathleen Sullivan, Law Professors, Litigators, Musical Chairs, Susan Estrich
The supremely successful Quinn Emanuel, one of the nation's leading litigation firms, is known for many things within Biglaw. It secures amazing results for its clients, which help generate sky-high profits per partner. It pays its associates well; it's one of the few firms providing spring bonuses this year (along with Sullivan & Cromwell). And it enjoys a reputation for innovation, a willingness to experiment with new things (e.g., a revamped recruiting model, a founding partner on Twitter).
Interestingly enough, despite the firm's flashiness, Quinn also has an academic bent. The QE partnership includes such scholars as Kathleen Sullivan, former dean of Stanford Law School (and the first female name partner in the Am Law 100), and Susan Estrich, who still teaches at USC Law.
Joining these leading litigatrices is another prominent professor, with an international orientation….
Congratulations to Professor Tai-Heng Cheng of New York Law School. From the press release just issued by Quinn Emanuel (reprinted in full on the next page):
Quinn Emanuel Urquhart & Sullivan LLP announced today that Professor Tai-Heng Cheng will join the firm's New York office as a partner in its International Arbitration Practice. Cheng, a specialist in international law and international arbitration, was a tenured professor of law at New York Law School and co-director of its Institute for Global Law, Justice, and Policy. Cheng is the sixth international arbitration specialist to accept a position with the firm in the last nine months.
Cheng has wide experience in all aspects of international commercial arbitration and investor-state arbitration, having served as counsel, tribunal chair, arbitrator, and expert in investor-state disputes and international commercial arbitrations, under ICDR, ICC, UNCITRAL, JAMS, SCC, HKIAC and ICSID rules. He is a member of the panels of neutrals of the AAA/ICDR, CPR and HKIAC.
That's some tasty alphabet soup. Hopefully Cheng gets paid by the acronym.
I reached out to Cheng to interview him about his move from the ivory tower to the office tower. Because he's in Jerusalem right now, teaching a course in international arbitration at Hebrew University, we conducted the discussion over email (a popular mode of communication among Quinn partners, despite the occasional misfire).
Congratulations on joining Quinn Emanuel! So does this mean you're leaving academia?
Thank you. At Quinn Emanuel, in addition to helping our clients achieve success in international disputes, I will continue to publish research on international law and international arbitration, and to speak at conferences, as international arbitration is one of the more intellectual practice areas. Next week I will give a presentation at the American Enterprise Institute about the impact of globalization on investment treaty arbitration, and in July I will deliver a lecture at the Singapore Academy of Law on the role of policy in international legal decisions.
By coincidence, my election to Quinn Emanuel's partnership coincides with a long-planned sabbatical at New York Law School. Kathleen Sullivan and Susan Estrich both joined the firm as partners while still maintaining their faculty positions at Stanford and USC law schools, and I have asked New York Law School for a similar arrangement.
For many lawyers, being a tenured law professor is a dream job. What's leading you to leave your perch in academia for the world of Biglaw — especially Quinn Emanuel, a firm known for its, er, strong work ethic?
After I left a prior law firm to become a law professor some years ago, I worked just as hard a professor as an attorney, so I don't anticipate much of a change in my work ethic at Quinn Emanuel. I look forward to helping Quinn Emanuel build its international disputes and international arbitration practice, and expect that I'll hardly notice how much I'm working.
What do you think you'll miss about academia?
I'll certainly miss spending time with my colleagues at New York Law School, but I am confident that I will keep a connection with the law school.
What are you looking forward to about returning to full-time private practice?
I am most looking forward to working with Quinn Emanuel's other international disputes partners to build a preeminent global practice.
Congrats to Tai Cheng on his new post, and congrats to Quinn Emanuel on its latest hire. The firm has long enjoyed a reputation for handling the highest of high-stakes domestic litigation, but now it's taking its ambitions to the global stage.
Disclosure: Cheng is a friend of mine, as well as a fellow Yale Law grad — as noted in the press release on the next page, which contains a short bio for Cheng. Shameless plug: his latest book, When International Law Works: Realistic Idealism After 9/11 and the Global Recession, is now available from Amazon (affiliate link).
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text:
by Barry Ritholtz - February 22nd, 2009, 8:37pm
Here we go again:
It looks like you and me and that guy behind the tree are going to be on the hook for a few billion more dollars:
"Citigroup Inc. is in talks with federal officials that could result in the U.S. government substantially expanding its ownership of the struggling bank, according to people familiar with the situation.
While the discussions could fall apart, the government could wind up holding as much as 40% of Citigroup's common stock. Bank executives hope the stake will be closer to 25%, these people said.
Any such move would give federal officials far greater influence over one of the world's largest financial institutions. The proposal was made by Citigroup to its regulators. The Obama administration hasn't indicated if it supports the plan, according to people with knowledge of the talks.
The talks reflect a growing fear that Citigroup and other big U.S. banks could be overwhelmed by losses amid the recession and housing crisis. Last week, Citigroup's share price fell below $2 to an 18-year low. Bank executives increasingly believe that the government needs to take a larger ownership stake in the institution to stop the slide.
Under the scenario being considered, a substantial chunk of the $45 billion in preferred shares held by the government would convert into common stock, people familiar with the matter said. The government obtained those shares, equivalent to a 7.8% stake, in return for pumping capital into Citigroup.
The move wouldn't cost taxpayers additional money, but other Citigroup shareholders would see their shares diluted."
I don't for a minute believe it wont cost taxpyers more money — we are that much more involved with Citi — so we would have to rescue them.
Let's see if Rick Santelli decides to rant about this also . . .
UPDATE: February 23, 2009 5:56am
Note that the FT has a very different take on this:
Citi presses officials to take 40% stake
Citigroup is pressing the US government to agree on a new capital injection that would increase the authorities' stake in the troubled bank to about 40 per cent but stop short of an outright nationalization.
U.S. Eyes Large Stake in Citi
DAVID ENRICH and MONICA LANGLEY
Category: Bailouts, Corporate Management, Credit, Politics, Really, really bad calls
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
62 Responses to "Good Money After Bad: U.S. to Up Citi Stake"
Patrick Neid says:
"Any such move would give federal officials far greater influence over one of the world's largest financial institutions. "
About the same influence that the coroner has.
AGG says:
But don't worry, Citi has just stated that first class jet travel is now a no-no.
I'm always fascinated by this "travel" thing by execs. Do they know that tele-conferences with secure, unrecordable sessions is old hat? What's with this person to person crap? Body language cues, sex, intimidation, bribes, what? I say if you can't make your presentation over the net, you probably have something to hide. Lock the execs in an office and we'll all save a lot of money.
km4 says:
> The proposal was made by Citigroup to its regulators.
Tells us all we need to know.
Obama don't be a sucker… I suggest your nationalize Citi and BofA now or else this '$$$ sinkhole' will be a nemesis for your progressively lowered standing over next 4 yrs.
bobmitchell says:
He already did, they didn't give it half as much press. Then they brought him to NY a few weeks later and he was much more mild mannered after that. 5:40 in is where it really gets going.
try2bamused says:
40 percent. God, anything … anything … but (oh my faint heart) 50.1% !
Very, very cute.
I put the odds of this actually happening at next to zero.
James says:
I would think this would wallop the banks again tomorrow. BAC manage to come back from the Friday sell off, much more so than C. We'll see if the confidence was short-term.
Gawdfather says:
Seeing as Santelli ranted against the original TARP bailout in September:
I'm sure this news will qualify for some purple-faced rage (and deservedly so).
RW says:
Yves Smith at http://tinyurl.com/cqlv8q comments on some of the problems dealing with large-scale financial entities such as Citi, particularly given their widespread international, counter-party entanglements, but basically concludes that:
"…we have two constraints, albeit both operational: a receivership for banks of this size would take longer to put into place than another cobbled together bailout package of some sort. And the power that be almost certainly do not have any sort of blueprint for how to put a major capital markets operation into some form of receivership, either mechanically or legally.
The latter problem is an appalling, criminal lapse."
Santelli won't be ranting on this specific subject you may be very sure: Bailout's in the generic sense provide opportunities for improving advertising revenue without addressing anything really meaningful but limning specific areas such as lack of regulation, prudence and due diligence are not topics of which his corporate masters approve any more than they approve of government programs that fund mortgage mitigation when that funding should be flowing directly into their own corporate coffers.
Bruce in Tn says:
Well get out the rice bowl and the sake, we are Japan.
If it looks like a duck and quacks like a duck…
Robert Heinlein wrote a science fiction classic years ago..Stranger in a Strange Land…how we can have the experience of Japan to tell us that Zombie banks will crush trust in the system, and then do what we are doing…
rktbrkr says:
we'll all be doing a Santelli rage when we see the details of this. Whats the conversion price, $10 share? They want Uncle Sap to pay 5X the market to pull up the MV (briefly?).
We need to cut out the bullshit before we pay a trillion dollars to own a worthless bank – I mean financial supermarket.
O'B needs to have a press conference that the next bank that calls for special treatemnt gets nationalized, do not pass go, do not collect $200billion
jt-socal says:
Must be a ploy to give them time to set up for a proper take over. Probably a good short after the pop.
bobmitchell says:
Nationalization, Bankruptcy, Conservatorship, Recievership, FDIC owned
From the taxpayer perspective they are all the same thing. We already own it, its just a question of how much more it is going to cost. The question is who is going to try and catch them, and how they are going to pay for it.
Given Mr. Pandit's demonstrated financial accuity, he should not have a job anymore.
Once they go over 80% ownership they are on the gov't books , count on any solution to stop at 79.9 percent ownership, ala AIG.
rktbrkr says:
I assume it was the bank that floated the story. JUST SAY NO!
bobmitchell says:
I assumed that too. Que bono here?
Citi's stock is gonna get hammered on the news. Is that supposed to put pressure on the gov't to act? That's suicide poker, if it did come from citi.
I am running it around now, seems like this is a set up for something else. What? More "announcements" to come is my only bet.
rktbrkr says:
this is funny…
Bush: Bank system 'basically … sound'
By MIKE ALLEN | 7/15/08 10:37 AM EST
Amid fears of a galloping financial crisis, President Bush said this morning that he thinks America's banking system is "basically … sound."
"My hope is that people take a deep breath and realize that their deposits are" insured, Bush said at his first formal news conference since the end of April. ."I understand there's a lot of nervousness."
About government assurances to shore up the massive lenders Fannie Mae and Freddie Mac, he said: "I don't think it's a bailout – the shareholders still own the company."
Bush was asked by April Ryan of American Urban Radio Networks when he expects a turnaround in the soft economy, and when it will be strong again.
"When will the economy turn around?" he repeated. "I'm not an economist. But I do believe that we're growing."
Bruce in Tn says:
When you have an adoring voting public, I suppose you feel that whatever decision you make has to work.
Obama beats out Jesus as America's hero
Doesn't mean this isn't just more wasted time…and of course, it will create more uncertainty..
rktbrkr says:
"dangerous downward spiral"…what prudent corporate Treasurer/Controller isn't migrating their accounts away from CITI and even BAC? Can we all squeeze into RBC and TD?
Details of the rescue remain in flux. Key questions, such as the price at which the government will convert its preferred stock into common shares, haven't been resolved.
And it's possible that other options will emerge to stabilize the company. For example, the Obama administration could decide to sit tight until the results of several new "stress tests" on major banks — broad examinations of their financial health now being mandated — are known in a couple months, one official said.
There are at least two catalysts for the recent talks with the government.
First, Citigroup's shares have fallen to historic lows. That doesn't pose a direct threat to the company's stability. But if it spooks customers into pulling their business, that could push the bank toward a dangerous downward spiral.
TheReformedBroker says:
why average down? At this point they should just take the whole thing.
anyone long the common stock after all this time is just gambling anyway.
know who's laughing his ass off right now? Chuck Prince.
Transor Z says:
@ bobmitchell: my gut says the same thing. More to come.
Steve Barry says:
In the Barron's 2009 Forecast Poll, I picked Pandit as the CEO who would be ousted, so that's all I care about…I need the one year subscription and lunch with Andrew Bary. My year end Dow forecast was 6100…oops, can I still lower it?
Bruce in Tn says:
More of the same…started with Bush…make a plan that the government wants and then make the states pay for it….same thing with the new stimulus….
Handful of Governors May Refuse Federal Unemployment Benefits
"Unemployment benefits are said to total about 2 percent of the stimulus package. Barbour said taking those dollars would force his state to eventually raise taxes when the stimulus money runs out, putting in place what he called an unfair tax on employers.
"There is some (money) we will not take in Mississippi. … We want more jobs. You don't get more jobs by putting an extra tax on creating jobs," Barbour told CNN's "State of the Union' on Sunday."
Yes, fans of government…once again a national plan that eventually falls to the state WHO BY THE WAY MUST HAVE A YEARLY BALANCED BUDGET, unlike the national originator of the goofy idea…
Unemployment insurance for part time employees? …want to bet the number of part timers goes down? Where is the keeper of the U6 crypt??
Graphite says:
We need a better word than "rant" to describe what Santelli is doing … what did they call Tom Paine's stuff? Polemics? (Maybe that's a distinction without a difference.)
Santelli is downright clear-headed compared to his critics, who consist mostly of moral scolds scandalized by the idea that anyone would object to forcing everyone (those with any money, savings, or income left that is) to bail out every bad speculation of the past 5 years.
Steve Barry says:
When are they going to do a reverse split? That could fool a whole bunch of sheep into thinking it is further from insolvency. How about 50 to one and get the stock price to 100?
Graphite says:
A lot of people on the left are trying to discredit Santelli by asking "where was he when all the banks on Wall Street were getting bailed out?" It's amazing because he was right there making all the same arguments, especially with that classic "Bait" and "Switch" sign moment. It just didn't strike a chord and go flying around the internet the way his tea party has.
Marcus Aurelius says:
Bruce in Tn Says:
Obama beats out Jesus as America's hero
Since when was Jesus "America's hero"? Reminds me of the question in Stephen King's "the Body":
Q: Who would win in a fight between Superman and Mighty Mouse?
A: Superman, 'cause Mighty Mouse is only a cartoon.
Tom K says:
Losers average losers
Avl Dao says:
@ Graphite
Exactly. Sadly, I guess folks feel since they didnt see Rick's 2008 comments on YouTube, it never existed/happenned…hence the common jumping to the false conslusion that Santelli never complained before.\ or voiced opposition to govt bailouts on CNBC.
Would not common sense suggest that not everything said by everyone on Cable TV makes it to UTube and then to ur own personal radar screen and email box?
Graphite says:
@Avl Dao
I think it's just another symptom of the poverty of political debate in this country right now. Ad hominem, looking for hidden biases and financial interests on the part of one's opponents, instead of looking for strengths and weaknesses in their arguments, has become the default method of deliberation.
Although I'm a huge fan of Santelli and heartened to see his "Tea Party" making such waves, it is curious to me that it took this long, and that it took an attack on a relatively piffling $75 billion bailout of homeowners, for him to finally "go viral." The real people who deserve the criticism from the left are Michelle Malkin and Kathryn Jean Lopez, who weren't even aware of Santelli's existence while he was a one-man bailout bashing machine throughout all of 2008. Then Lopez creates that disgusting Palin/Santelli 2012 poster …
Ah well, we can take comfort in the fact that Santelli is assuredly repulsed by the thought.
Pat G. says:
Put Citi out of its (our) misery NOW!! Nationalize the piece of shit.
teraflop says:
In my opinion, whatever amount is stated to be the public's stake in this and like firms (too big to fail financial institutions) is merely the official recognition of what tax payers are already on the hook for.
If the US is to take such a large stake, we need to demand an end to any and all lobbying & PAC funding from these partially/wholly-owned firms. Otherwise a "virtuous circle" will end up leaving taxpayers all wet.
Mannwich says:
@Graphite: That's because Malkin, Lopez and other Right wing frauds are in the back pockets of big Corporate America & Wall Street and will do anything to divide Main Street to help their masters win the good fight. They're the real elitists who love to fan the flames to divide the minions of this country. They're simply reprising the "divide & conquer" theme they've played for so long leading up to their electoral disasters in '06 and '08. They know who their real masters are…….
Mannwich says:
The reason why Santelli's rant "went viral" (especially on the Right), that is…..
bcasey says:
I say we invest in Gangstas, "Give me ten G's and eleven C's" We'd definately get more bang for the buck.
Steve Barry says:
Things are also more interconnected than we think of at first. For example, some Japanese co just went BK and they just happen to owe Citi a boatload…global synchronized bust is rolling.
SFCG Files for Bankruptcy With 338 Billion Yen Debt (Update1)
By Tak Kumakura and Takahiko Hyuga
Feb. 23 (Bloomberg) — SFCG Co., a Japanese lender whose creditors include Citigroup Inc., filed for bankruptcy protection, triggering a slump in financial stocks on concern Japan's recession will cause more corporate failures.
SFCG, which focuses on lending to small businesses, listed 338 billion yen ($3.6 billion) in liabilities, making it the biggest bankruptcy by a publicly traded Japanese company in almost seven years. The firm owed Citigroup 71 billion yen as of July 31, according to a filing by SFCG on Oct. 27.
Graphite says:
I'm not sure it's that simple, and your post seems to me like more of the ad hominem problem I mentioned in my earlier message. I mean, why ascribe the role of evil corporate lackey to Lopez and Malkin when they're more likely just ignorant hacks?
I think Santelli's tea party went viral because bailing out an underwater home borrower is a very visceral, personal affront to those who stayed prudent and passed on the debt party of the past eight years. Hell, a lot of them even told their neighbors not to take equity out of their homes or pay bubble prices for them, and now they're supposed to pick up the tab, just because they're the ones who have money?! Talk about the Grasshopper raiding the Ant, with a little help from a Spider called government!
Of course, it is certainly a huge problem that Main Street is not able to work up the same outrage over the bank bailout as it is bailing out underwater mortgages. Jim Grant had a great article in the WSJ about this a while back.
AGG says:
Hey Bruce in Tn, you need to don you "glass half full" joy of positive thinking cap and rush over to Ireland and perk up the depressing lazy butts over thar with your management skills:
Over 100,000 protesters with an attitude problem, right?
From the BBC:
One protester said he was "sick and tired of the way this government conducts itself and what it's doing to this country".
"I've worked all my life, I've never broke the law, never walked out on strike. Instead I've went to work and done my job," he said.
"I've a mortgage to pay, I've children to put through school, and now I'm being told I have to take cutback, after cutback, after cutback."
Ireland, which was once one of Europe's fastest-growing economies, has fallen into recession faster than many other members of the European Union.
Send the Irish some money and quit your belly achin'.
AGG says:
Graphite says, "I think Santelli's tea party went viral because bailing out an underwater home borrower is a very visceral, personal affront to those who stayed prudent and passed on the debt party of the past eight years".
Not to me and I did just that. I warned people and was laughed at. So now why don't I just toss them the bird? Maybe I will AFTER the rich fuckers who got the fees cough them up. Until then, attacking the people on the bottom is cowardice and hypocrisy.
AGG says:
Mannwich is right. Santelli's rant is contrived.
franklin411 says:
Anyone who believes Santelli's rant wasn't staged is a first class, grade A moron.
CNBC had all the "Catch Santelli's Rant!" blurbs done the second after it was aired live. This was planned as red meat for the conservative whack-jobs to try to lure them to CNBC from the rubble that is Fox Business News. And guess what?
You suckers fell for it.
larster says:
If Santelli was any kind of a trader, what's he doing on CNBC?
Big Tony says:
Anyone who believes Santelli's rant wasn't staged is a first class, grade A moron.
CNBC had all the "Catch Santelli's Rant!" blurbs done the second after it was aired live. This was planned as red meat for the conservative whack-jobs to try to lure them to CNBC from the rubble that is Fox Business News. And guess what?
You suckers fell for it.
Santelli's rant went mainstream b/c The Drudge Report immediately had it as its main story throughout the entire day.
I don't think it was staged. Santelli has been critical of the bailouts throughout the past year, and he is the only voice of reason on CNBC. You are the first class, grade A moron if you don't know how many page views Drudge gets in a single day.
TrickStyle says:
Franklin411 – It's not like Santelli lives inside the television. He probably rants to his colleagues all day. And when he's really, really full of piss and vinegar, he probably tells the producer "Hey Producer, I'm full of piss and vinegar. You better make sure to give me my two minutes." And then Producer queues everything up.
Graphite says:
I don't really understand how a bailout of irresponsible lenders justifies a bailout of irresponsible borrowers. Could you explain it to me? In my opinion, both are acts of injustice and ought to be vigorously called into question.
I was following the Santelli tea party stuff as it developed. CNBC put up those web pages as a response to an overwhelming response on the internet. It's not that hard to roll out quickly, CNBC has an army of developers constantly updating its web sites, and those pages you mentioned all fit the prepackaged format that they use.
This "Santelli's tea party is an evil media conspiracy" stuff just sounds absolutely ridiculous. I mean, were CNBC plants the ones forwarding Santelli's rant around on email and posting it on YouTube?
Santelli comments on your exact question here: http://voices.washingtonpost.com/economy-watch/2008/11/five_questions_for_cnbcs_rick.html
People appear to me to be grasping really hard for reasons not to listen to what Rick is saying.
Graphite says:
And another thing, this bailout of underwater mortgage borrowers is actually, in my opinion, a roundabout bailout of the bad mortgage lenders. It's impossible to condition criticism of the one on first criticizing the other.
Besides all that, your point is moot because Santelli's been opposing the bank bailouts from day one.
Cue cries of "Santelli would have us live in a Mad Max world!"
Itiswhatitis says:
"Santelli's been opposing the bank bailouts from day one."
So what? Santelli's rant just wasn't contrived, it was made on purpose to try and re-direct more money to to the "bailouts".
He was used fodder.
What he ranted over(which wasn't much), wasn't worth the rant that was given anymore than bigger ripoffs that had been created by the plutocrats themselves.
Graphite says:
You're a conspiratorial nutter, you can't even see the evidence that's directly in front of your face:
Grindstone Financial says:
If we're worried about lending, let's take $50 billion and create a national credit union. Every taxpayer becomes a member and borrow at market rates. Lever it up at 12 to 1 and we've got $600 billion to lend. Unfortunately, I think this would reveal a little bit of truth no one wants to hear – it's as much about loan demand as it is about loan supply.
usphoenix says:
Time magazine enlisted the Great Roubini to say that Citi only needs 22B to become well.
So who are we to believe. Is Roubini juicing his consulting practice?
Graphite says:
Unfortunately, I think this would reveal a little bit of truth no one wants to hear – it's as much about loan demand as it is about loan supply.
EXACTLY! The most important false idea that our policymakers are working with right now is the idea that any level of bailouts will be sufficient to reverse the psychology of deflation and its expression in asset markets. All they're doing is tilting at windmills and racking up a tragic increase in public debt while they do it.
Robert Prechter wrote an excellent article warning about exactly this issue back in 2004: http://mises.org/story/3329
Itiswhatitis says:
"You're a conspiratorial nutter"
Please, my tagline says it all. The Plutocrats have been for years and since their current phase died in 2006(I mean, really ramping up the theft) acting on a massive theft of US treasury and raping the America population for every cent they are worth.
They spread these intellectual nonsense theories on economics and the gods it creates that have all the answers for a utopian society.
Who isn't sick of that? The time is for reaction and rational thinking. Sadly, America is being fed to the wolves with this ideological bs while the plutocracy pillages.
We don't have the guts to do what is right to getting this country back on the right track because we are selfish and greedy. We have no morals. We have no love for this country other than making myself wealthy and oh, maybe my buds too(GWB's beliefs to a hilt).
Democracy is about at the failure stage for America. The capitalists are about ready to dissolve it and make us live in their global slum.
Just as it was intended years ago no matter what Lincoln dreamed.
Come Cincinnatus now!
Broken says:
I have been accumulating BAC again after selling off after the last run-up. My current holdings are almost a buck under water and I will double down if the price stays under $4 on Monday. Considering the state of Citi, I don't see BAC equity being diluted more than 50%, which means $3.80/sh is quite a bargain.
BAC Jan 2010 $5 calls were 10 cents a share on Friday? Is that right? If so, I am buying on Monday…
Marcus Aurelius says:
We already have a mechanism for dealing with the banks. It's called Bankruptcy Court. As for those involved in the derivatives creation and trading – hedge fund managers and their ilk – or anyone else having profited handsomely from their involvement in the same, we should choose every tenth one, randomly, investigate them, try them, and publicly hang those found guilty. The bodies should hung from the light posts along Wall Street as a warning to those still in da bidness. Their widows and orphans should be left penniless. Nothing like a little Roman-style decimation of the ranks to send a clear message.
Am i the only one still waiting for law enforcement to get involved in this mess?
Mark E Hoffer says:
"One fact seems to get no attention at all: The Federal Reserve created the problems we now face." By Bill Fleckenstein.
"…It looks as though the Treasury is unwilling (or unable) to acknowledge that elephant in the room, which is the first variable that must be solved for if we are to move forward.
Meantime, this issue was met head-on by Ray Dalio, the chief investment officer of Bridgewater Associates, who told a Barron's interviewer the following:
"What will happen to the pile of bad stuff? Let's say we are going to end up with the good-bank, bad-bank concept. The government is going to put a lot of money in — say $100 billion — and going to get all the garbage at a leverage of, let's say, 10-to-1. They will have a trillion dollars, but a trillion dollars' worth of garbage. They still aren't marking it down. Does this give you comfort?" "
wordpress does do a nice job communicating URLs, even if it does squash the double-space after periods (.).
like this. as an ex.
gpknopp says:
Does it matter that I post here? Does anyone care what I have to say? These questions are like the questions I asked myself after doing business with Citibank. Their customer service at first, back when they used Americans, was horrible enough to cause my family to make a derisive joke of this company. The weeks I spent on the phone trying to make progress with them…it seems a lifetime wasted. How they insisted on sending mail to a physical address when there is no such delivery where I live. This minor issue demanded more than a year to resolve…How quickly we learned to automatically demand to only deal with an manager…
How institutionally messed up must a corporation be to place customers, small business people, DEAD LAST in their priorities??
At one point they outsourced their call center to India, which was for the most part an improvement, because these employees were polite, as opposed to the abusive treatment we had frequently received…but those fine folks in Mumbai could not make sense of US Postal Service addresses, which proved a weighty problem…and so after dealing with ShittyBank for far too long I was left asking myself: Does it matter if I bank here? Does anyone care if I do business with Citibank?
Graphite says:
@Mark Hoffer
It's amazing to me that questioning central banks and the Fed's existence is still considered "tilting at windmills" despite their obvious role at the very center of this whole mess.
Yeah, by all means, let's dick around about small potato BS like regulating CDS's, or reinstituting Glass Steagall and leverage limits, while there is this 800 pound gorilla sitting in the room.
rktbrkr says:
How about a clawback at those who sold at the top of the RE market?
Mark E Hoffer says:
No doubt. It's a pathology whose virulence makes H5N1 look like it's "for the birds"..
Jack Nicholson well portrayed the, seemingly, apt lines that could act as fine rejoinder to the, willfully, blind among us..
Greg0658 says:
bobmitchell Says: "Citi's stock is gonna get hammered on the news. Is that supposed to put pressure on the gov't to act? That's suicide poker, if it did come from citi"
What a game.
Knock down the company to pennies on the dollar – watch the tape and buy your company back with taxpayer dollars – while in the years and years of past you where padding your pocket while driving down your company – removing along the way all the other holders of your company.
What a circle F**k.
I have got to get a life now I sorta understand where this all is going … wish the WallStreet game didn't involve me so much tho.
Lugnut says:
So, I guess it'll only cost us around 3,300% of their market cap for a 40% stake. Sounds like a plan.
Sold to you
Dr. Kenneth Noisewater says:
The rage I feel…
.. This is how bloody revolution starts.
RangerTurtle says:
It seems that no-one wants to bail out Wall Street or Main Street, no-one wants to pay any taxes, no-one wants to lose their jobs, we all want more for less.
WAKE UP: We have a depression starting here, and we need COOPERATION, POSITIVE THINKING, and a belief in our leadership to help us through this. If we all 'rant' about how a particular plan is not perfect, or about how someone's 'rant' wasn't perfect, or how one political party or other would do a better job, then we will NOT solve the problems required.
rktbrkr says:
WSJ says $7 to buy diluted $2 CITI shares. What happened to SEC running down leaks & rumors. I guess that only applies to negative leaks and rumors not leaks and rumors that that pump a dead company.
Is this Citigroup rally one that investors can finally believe in?
It depends on how the government ends up converting its large preferred stake in the bank to common stock.
In a joint statement Monday, the Treasury and regulators said banks shouldn't be owned by the government — and should have a high-quality capital base.
For some banks, a quick way to do that would be to change government preferred shares into common stock, or, second-best, securities that convert into common stock.
Such a move would strengthen tangible common equity, or TCE, a closely-watched measure of capital-strength. Federal officials are considering such a swap at Citi, whose shares leaped nearly 10% Monday.
However, there would be hard choices. Assume the government wants a maximum stake of 40% in Citi's common equity. Citi currently has 5.92 billion shares outstanding, on a diluted basis, so the government would need to add around 3.95 billion shares for a 40% holding.
The conversion price then becomes the big issue. Any TCE boost needs to see Citi through the downturn. That could mean taking the ratio up to at least that of J.P. Morgan Chase — 3.8%. The government would need to convert $29 billion of preferreds into common equity. But to stay below 40%, would mean converting at a price above $7 per share. That would be so far above Monday's $2.14 share price that it might be considered politically risky.
If putting Citi's TCE worries to rest once and for all is the government's aim, it has two options: Owning more than half of Citi — or paying a big premium.
Write to Peter Eavis at firstname.lastname@example.com


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Kem Mullins, Saint Francis-BartlettCEO (right), and radiologist RonnieWarner, M.D., kick off the renovationof the hospital's diagnostic imagingcenter.
Northeast Shelby County residents needing outpatient diagnostic services will soon have a new facility dedicated to their needs. Saint Francis Hospital-Bartlett is renovating a building on the hospital's campus that will become home to a new diagnostic imaging center. Kem Mullins, Saint Francis Hospital-Bartlett chief executive officer, and radiologist Ronnie Warner, M.D., kicked off the renovation celebration with celebratory sledgehammer strikes to the existing structure.
The new diagnostic imaging center will feature advanced technology. In addition to digital radiology services, the center will be home to a 32-slice CT scan with low dose radiation capability, ultrasound, and a wide bore MRI. The wide bore MRI will be a benefit to claustrophobic and larger patients, as it provides additional inner diameter space while still providing high quality images.
With the facility dedicated exclusively to outpatient diagnostic imaging, physicians will have improved access and flexibility when scheduling their patients for tests. In addition, dictation voice recognition software will allow radiologists to interpret test results aloud and document those results at the same time. This will provide physicians and their patients with improved test result turnaround times.
"The community's support of Saint Francis Hospital-Bartlett was the catalyst for this project," said Kem Mullins, Saint Francis Hospital-Bartlett chief executive officer. "Because of the growth of our diagnostic imaging volume, we wanted to provide these patients with a facility specifically designed to meet their needs. The location of the diagnostic imaging center will provide our outpatients with convenient parking and access to the facility. The advanced technology will allow us to continue to provide our physicians with the imaging they need to provide the best possible care for their patients."
Completion of the project is scheduled for the first quarter of 2011.
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Join us for lunch and hear from Ambassador Thomas Graham about his new book, Unending Crisis. The book discusses foreign ...
Posts Tagged: Global Security
4.4.12 @ 5 pm – Amb. Graham to Share Experiences with Students
All Students Welcome! A Conversation with Ambassador Thomas Graham Diplomat, Treaty Negotiator & Nuclear Arms Expert Wednesday April 4, 2012, ...
View this interesting talk from Nov. 18 — North Korea and Iran: Challenging the Nuclear Order
On November 18, 2011, at 7 pm in the Toyota Auditorium, the Global Security Program at the Howard H. Baker ...
10.26.11 – Romanian Ambassador to the U.S. – Romanian Security Cooperation and Shared Issues
Romania's Ambassador to the US, Ambassador Adrian Cosmin Vierita spoke to a group of students and community residents about the ...
21st Century Nuclear Challenges – Amb. Linton Brooks, Sept. 19, 2011, 6 pm
You can listen to a webcast of this event here: http://tinyurl.com/69efcmd Join us for Ambassador Linton Brooks' talk on 21st ...
Panel Discussion: Japan Nuclear Reactor Accident
On March 11, 2011, a magnitude 9.0 earthquake struck the northeast coast of Japan, followed by a roughly 10-meter tsunami. A panel of experts will discuss the earthquake- and tsunami-caused nuclear reactor accident(s) at the Fukushima Daiichi power plant.
The Negotiation of the New START Treaty
Ambassador Thomas Graham, Jr. will discuss the New START treaty, which began in the Spring of 2009 following the Summit meeting between Presidents Obama and Medvedev. Taking nearly a year to complete, it was signed by Presidents Obama and Medvedev in April, and was passed by the Senate on December 22nd, 2010 by a vote of 71-25.
Stacy Prowell, Insecurity in Cyberspace
Stacy Prowell, Chief Cyber Security Research Scientist at ORNL, will speak at the Baker Center on Insecurity in Cyberspace.
Global Security Distinguished Lecture Series
Bob Graham, former Florida governor, U.S. senator, and author, will discuss national security issues and his book Intelligence Matters.
Nuclear Security
Howard Hall, nuclear chemist and national security expert, discusses the likelihood of and possible responses to a nuclear attack or accident in the United States.


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HECO Breaks Wind | Realistic Budgets | Wal*Mart Downtown? | Nominate a Small Business
BY SEN. SAM SLOM - Realistic Budget. The Senate Minority will present an alternative state budget today at 12:30 pm in Room 214 of the Capitol. The realistic biennium (2014-2015) Budget, is lower than the Governor's original proposal, the House Budget and the Senate Majority Budget. It cuts out a lot of overpriced and wasteful programs that Hawaii taxpayers just can't afford.
HECO Breaks Wind. Yesterday the Public Utilities Commission ruled that Hawaiian Electric can stiff its customers for the $3.9 million it spent on "studies" for the First Wind project on Lanai and Molokai (rejected by residents on both Islands) and the accompanying undersea electric cable project. Rate payers will pay for HECO over the next three years of yet more monthly surcharges. It is way past time to deregulate this state monopoly.
NO to Taxpayer Funded Politicians.
Akina Heads Grassroot. In a surprise move, President & co-founder of the Grassroot Institute of Hawaii Dick Rowland, stepped down in March and named his successor, Ke'ali Akina, PhD. The GRIH 6-member board had previously split 3-3 on Rowland's decision, and three members resigned after the announcement. GRIH is Hawaii's first and oldest free market think tank and member of the State Policy Network.
Health Forum Coming. SBH and its partner, HMAA, are sponsoring a Health Update: "How Will Obamacare (ACA)
Small Business Awardees Sought. SBH and the Small Business Hawaii Entrepreneurial Education Foundation will be hosting the 6th annual Business All-Stars Awards Banquet on Friday, September 20, at the Waialae Country Club (5-8 pm). You may nominate individual orcompany awardees for consideration by sending your nomination to
Categories include:
SBH Person/Business of the Year
Civic Leadership
Business Booster
Young Entrepreneur
Outstanding Business Reporting
You can also inquire about sponsorship and donating Silent Auction items by calling Malia Zimmerman at 808-306-3161.
Wal*Mart Downtown? It has been widely reported that Wal*Mart will take over the former downtown Macy's site.
Duke, Moore to Star in "Heaven Forbid." Emmy® and Academy Award® winning actress, Patty Duke, and KHON-TV's Joe Moore will top a stellar cast on stage at the Hawaii Theatre June 23-29 in Michael Aitkens' wonderfully funny comedy, Heaven Forbid!. Performances will be held at the Historic Theatre for 11 performances only. Ticket sales to the general public begin April 16.
Michael Aitkens' Heaven Forbid! is about two rebellious seniors in a New Jersey retirement home who refuse to grow old gracefully. It is a smart adult comedy that holds a mirror up to the dilemmas of aging and remaining independent in the face of those who wish the old would just fade away. Aitkens adapted Heaven Forbid! from his award winning BBC series, Waiting for God.
Sponsored, in part, by Hawaiian Springs Natural Water, Aston at the Executive Center, City & County of Honolulu, and the Mayor's Office on Culture & Arts.
Cheqbook Launched on Maui. After two years of development funded in part by the State of Hawaii's Qualified High Tech Business tax credits, Cheqbook.com is now open to small businesses and accounting professionals.
Doug Levin, Cheqbook CEO and partner at Levin & Hu, Hawaii's largest CPA firm outside of Honolulu, described Cheqbook as an online accounting system similar in function to industry leader Intuit's Quickbooks and includes all necessary accounting functionality and reporting. Cheqbook is a hosted accounting solution, meaning businesses can access their company data from any web browser.
To celebrate Cheqbook's local launch there is a free year of accounting service to all who sign up and connect a bank account by April 14th. The first 1,000 customers to invite a friend who also completes a sign up and attaches a bank account will receive a lifetime free account.
Tommy Russo, CMO
7:05 am on KHVH. Get the REAL news with Malia!
SBH can help you with YOUR business. Just starting a business? Call me personally for help at 396-1724 or email: email@example.com. Smart Business Hawaii Means Business and we're here to help you.
Hawaii Reporter On The Air. Go to www.HawaiiReporter.comfor the real investigative news. HR, founded by Malia Zimmerman, continues to break major investigative stories that most of the media won't touch. Tune in to KHVH (830 am) every week day now at 7:05 am to hear Malia's report.
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The first eight days of the Easter season form the Easter octave and are celebrated as solemnities of the Lord. Each day is another little Easter. The Alleluia verse is repeated throughout the octave: "This is the day the Lord has made; let us rejoice and be glad. Alleluia!"
The Gospel continues to relate the story of Christ's resurrection — how Mary Magdalene and the other Mary meet Jesus. Jesus tells them "Do not be afraid. Go tell my brothers to go to Galilee, and there they will see me."


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PCH, Japanese Nostalgia Edition: 1969 Toyota Crown or 1959 Datsun 1000?
It would appear that our readers are Lamborghini purists, given the 82/18 shellacking the V12-powered Espada issued to the Chevy-powered Espada in yesterday's Choose Your Eternity poll. Either way, who would have imagined owning a genuine, almost-running Lamborghini for the price of a new base Camry? Project Car Hell… »


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I am responding to Shirley Weinhold letter regarding my neighbor, Bevan Allen.
I was with Bevan when she collected all of the names on her petition. No such mention, as Weinhold wrote, was made of any borough members in support or otherwise.
Borough council has no say in zoning. It's in the Pennsylvania Borough Code since 1968. Zoning is regulated by one board, the Zoning Hearing Board. It is the only board with any authority over any Zoning matter.
Shame on Weinhold, who from my understanding doesn't know Bevan from a hole in the ground. Bevan has been a good neighbor and friend to all that live here, and we never had such drama since the whole chicken thing happened.
Please realize that Bevan is not the only one with chickens; there are 11 families now. Bevan has simply become the face of the cause because of her unwavering honesty in standing up for what is good, right and perfectly legal.
Some of these men of integrity Weinhold speaks of gossip like women. Perhaps she should check with people who actually know Bevan and have lived on her street for years. The letter was unfair.
Speaking of "Richland Beautiful," I am assuming she is speaking of the beautification committee. Telephone-pole flags and plastic dinner chargers on the town tree don't make Richland beautiful. It does the exact opposite when Christmas decorations are left up until February.
Really, all this over chickens?
"County Planning and Zoning has determined that Richland is an urban area," Weinhold wrote.
I was born and raised in northern Virginia, lived there for 24 years and never once did I see a tractor driving down the street. If this is such an urban community, why are there cows living two doors down from me ... in Richland?