Introducing ‘President Zero”
From NY Post: President Obama was ripped as "President Zero" after alarming government figures yesterday showed that not a single new job was created last month.
The president, who will unveil his much-anticipated jobs plan next week, found little to be optimistic about in the Labor Department report issued yesterday at the start of Labor Day weekend.
It showed that a nearly year-long growth in employment had abruptly ground to a halt in August..
Read more: http://www.nypost.com/p/news/national/call_him_as_in_zero_11aVj9VsFox59wYC219X5M#ixzz1WuVsrl6v
Family Feud: Blackstone Exec Now Being Sued by His Father-in-Law's Former Attorney
From Wall St Journal: A bizarre legal drama involving a leading private-equity financier at Blackstone Group has taken a new twist. As part of a family feud worthy of "Law and Order," David Blitzer, a senior managing director at Blackstone, worked undercover in a sting operation that led to the arrest in 2008 of his father-in-law for attempted extortion. Now Mr. Blitzer has been named in a civil lawsuit by an 82-year-old attorney who represented his father-in-law.
The attorney, Stuart Jackson, says he was caught in the crossfire of a vicious squabble that spun out of control. Mr. Jackson was arrested along with Mr. Blitzer's father-in-law, Stuart Ross. Mr. Ross pleaded guilty last year to a charge of attempting to extort money from his son-in-law through a harassment campaign. The 74-year-old entrepreneur, who is credited with bringing the Smurfs cartoon characters to the U.S., was sentenced to five years probation.
Mr. Jackson, for his part, ultimately was acquitted of criminal charges related to the affair. He filed a lawsuit last month…. claiming that the 41-year-old Mr. Blitzer, along with his wife, Allison, his lawyer and employees of the Manhattan district attorney's office, illegally conspired to prosecute him based on the actions of Mr. Ross. The suit alleges false arrest, malicious prosecution and other violations of his civil rights, saying that a sting operation was "orchestrated to set up Mr. Jackson..."
Find out more at http://online.wsj.com/article/SB10001424053111903352704576540810122580554.html?mod=WSJ_business_whatsNews
Starbucks CEO takes crusade to public
Asks people to join national call-in Tuesday with mission of breaking gridlock in D.C.
From MSNBC: Howard Schultz has already asked fellow chief executives to stop making campaign contributions to incumbents.
Starbucks Corp CEO Howard Schultz urged members of the public on Friday to join a novel campaign he launched last month seeking to break partisan gridlock in Washington and spur economic growth.
In an open letter circulated via email, the head of the world's biggest coffee chain invited "concerned Americans" to take part in a national call-in conversation next Tuesday hosted by the nonpartisan group No Labels, dedicated to fostering cooperative and more effective government.
The group, based in Washington, hopes to draw "a couple hundred-thousand" citizens to join in the 90-minute "tele-townhall" with co-founders of the organization and Schultz, to be streamed live over the Internet, No Labels spokesman Dustin Carnevale said…
Find out more at http://www.msnbc.msn.com/id/44374673/ns/business-us_business/
Wilpons and the Mets’ Plan B
From NY Post: Less than 24 hours after hedge-fund titan David Einhorn struck out in negotiations to purchase a minority stake in the Mets, the cash-strapped team already was pitching a plan B.
Mets owners Fred Wilpon and Saul Katz, who abruptly ended talks with Einhorn yesterday morning, are said to be pursuing a strategy of raising capital from an investor consortium rather than a single investor in an effort to retain ownership of the team.
Sources say that the Wilpons are hoping to hammer out a deal with as many as 10 prospective investors to sell “units,” or stakes in the Mets baseball franchise, for $20 million or $30 million apiece, with talks beginning as early as Tuesday. It’s a new ownership era at the Mets, as owners led by Fred Wilpon look to sell small pieces of the team at $20 million a pop and keep their controlling interest.
Read more at http://www.nypost.com/p/news/business/th_inning_closer_tyRbMkflGpNKpazfmsB9TK
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