White House Puts Lipstick on Pig

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Obama: This thing is full of hot air and so am I.  (Photo: http://www.breitbart.com)

Yesterday our counterfeit Commander-in-Chief made his first visit to a mosque on US soil. Alluding to his more extreme critics’ accusations that he is actually a Muslim, Obama told his audience:

By the way, Thomas Jefferson’s opponents tried to stir things up by suggesting he was a Muslim — so I was not the first — (applause.)

At various times since getting elected, the current White House resident, when not admiring his reflection in the mirror, has likened himself to Lincoln, Reagan, JFK, LBJ, MLK, and, for all we know, Socrates, Bismarck, da Vinci, Isaac Newton, Moses, Gandhi, Michael Jordan, and Ron Jeremy. By now, these comparisons run laughably hollow, reminding us of the socially-awkward married guy at work who, ogling the outrageously attractive office secretary, boasts to a younger, single colleague, “What’s the matter with you kid? If I weren’t married…fuhgeddaboudit.Continue reading

Exclusive Glimpse of ‘New’ South China Morning Post Under Alibaba Control

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The South China Morning Post will take its content in a different direction under Alibaba. (Image: http://www.buzzfeed.com)

Last Friday, Alibaba (ticker BABA), the Chinese e-commerce Leviathan with a $200 billion market cap, announced that it was buying the South China Morning Post (“SCMP”), Hong Kong’s biggest English-language newspaper. The 112-year-old broadsheet is popular for its English-language format and the editorial board’s intrepid reputation (or life-threatening stupidity/naiveté) for covering not only political contretemps on mainland China but also the Communist Party’s gobsmackingly disgraceful suppression of human rights, topics from which mainland journalists understandably shy away for fear of being “disappeared.”

Laying it on extra thick, as would any self-respecting grifter, Joe Tsai, Alibaba’s no doubt unironically titled Vice Chairman, reassured SCMP’s readers in a press release: Continue reading

President Obama & the Non Sequitur

The Brits had Richard the Lionheart, and we have Barack the Smug.

Non sequitur, noun, according to Merriam-Webster: a statement that is not connected in a logical or clear way to anything said before it. Usually, upon hearing a non sequitur, you shake your head in stupefaction but then notice that your interlocutor is wearing his trousers inside-out and is completely insane. However, occasionally a presumably preposterous pronouncement makes all the sense in the world when the speaker’s identity and warped Weltanschauung are considered. President Obama, looking as world-weary as ever, provided a nice example yesterday when he actually said the following during a press conference with French President François Hollande, who is daily proving that he is a more serious person than our frivolous President (video above):

Next week, I will be joining President Hollande and world leaders in Paris for the Global Climate Conference. What a powerful rebuke to the terrorists it will be, when the world stands as one and shows that we will not be deterred from building a better future for our children.

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ISIS Pharmaceuticals Swamped with Jihadi Wrong Numbers

A source at ISIS Pharmaceuticals (ticker ISIS) has told Bud Fox News that the company was inundated with phone calls last week from men who mistakenly thought that the company was a US-based offshoot of Islamic State of Iraq and Syria, aka ISIS. Company spokesman Stuyvesant Gudgeon explained:

We’ve been swamped. I took several calls myself. These men are convinced that we represent ISIS here in the States. Some had looked through our annual report and concluded that the table showing our drug pipeline was actually a list of chemical weapons that caused the conditions addressed by each drug. One guy called and asked how quickly ATL1102 would cause Muliple Sclerosis and could it be put in the water supply. Another guy asked to speak to our chief financial officer because he needed money- he said a guy at his mosque could get an RPG if the caller could produce enough cash. 

Here is the pipeline table from the company’s 2014 10-K:

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Would-be jihadis mistook these drugs for chemical weapons. (Image: ISIS 10-K, http://www.sec.gov)

These misguided, US-hating Mujahideen manqués aren’t the only ones who have been fooled. Hous Bin Pharteen, Professor of Islamic Studies at Beaver College and author of the soon-to-be-published Allah vs Challa: Islam and the Defeat of Zionism, appeared equally misled when reached for comment by Bud Fox News:  Continue reading

Nap Time for Hillary

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You are entering the Twilight Zone…confusion ahead. (Image: http://www.ryot.com)

On Monday, Judicial Watch released more than 35 pages of emails from Hillary Clinton’s erstwhile top State Dept handmaiden Huma Abedin that reveal the type of Clintonian behavior that no longer shocks, to wit, security breaches and special treatment requests for Clinton friends. You can read all about it here. What is hilarious though, and perhaps more of a concern, is this exchange between Abedin and Clinton minion Monica Hanley:

Abedin: Have you been going over her calls with her? So she knows singh is at 8? [India Prime Minister Manmohan Singh]

Hanley: She was in bed for a nap by the time I heard that she had an 8am call. Will go over with her

Abedin: Very imp to do that. She’s often confused

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Missing in Action: Mary Jo White and the Toothless SEC

"I swear to recuse myself, so help me God"

I swear to recuse myself, so help me God” (photo: New York Times)

Over a long and storied career, Securities and Exchange Commission chairwoman Mary Jo White developed a reputation for being a tough prosecutor and litigator, belying her diminutive stature. But she’s not so tough anymore.

As U.S. Attorney for the Southern District of New York, when she wasn’t facing down mobsters like John Gotti, she was putting terrorists like Ramzi Yousef (the 1993 World Trade Center bombing mastermind) under the hot lamps. After her time as a prosecutor, she spent 10 years as chair of the litigation department at Devevoise & Plimpton, a white shoe New York City law firm.

As an unfortunate byproduct of this otherwise fruitful juridical pilgrimage, Ms. White came to know many characters on Wall Street, big business bosses, regulators, law makers, and prosecutors. When one runs in these rarefied circles long enough, you eventually become friendly with many of your “adversaries” and a system of favors and quid-pro-quo’s develops which helps maintain a stasis between the various powers of big business, government, and regulatory institutions.

A fine example of this is found in the story of Gary Aguirre, as well detailed in this Rolling Stone piece.

Aguirre joined the SEC in September 2004. Two days into his career as a financial investigator, he was asked to look into an insider-trading complaint against a hedge-fund megastar named Art Samberg. One day, with no advance research or discussion, Samberg had suddenly started buying up huge quantities of shares in a firm called Heller Financial. “It was as if Art Samberg woke up one morning and a voice from the heavens told him to start buying Heller,” Aguirre recalls. “And he wasn’t just buying shares — there were some days when he was trying to buy three times as many shares as were being traded that day.” A few weeks later, Heller was bought by General Electric — and Samberg pocketed $18 million.

After some digging, Aguirre found himself focusing on one suspect as the likely source who had tipped Samberg off: John Mack, a close friend of Samberg’s who had just stepped down as president of Morgan Stanley. At the time, Mack had been on Samberg’s case to cut him into a deal involving a spinoff of the tech company Lucent — an investment that stood to make Mack a lot of money. “Mack is busting my chops” to give him a piece of the action, Samberg told an employee in an e-mail.

A week later, Mack flew to Switzerland to interview for a top job at Credit Suisse First Boston. Among the investment bank’s clients, as it happened, was a firm called Heller Financial. We don’t know for sure what Mack learned on his Swiss trip; years later, Mack would claim that he had thrown away his notes about the meetings. But we do know that as soon as Mack returned from the trip, on a Friday, he called up his buddy Samberg. The very next morning, Mack was cut into the Lucent deal — a favor that netted him more than $10 million. And as soon as the market reopened after the weekend, Samberg started buying every Heller share in sight, right before it was snapped up by GE — a suspiciously timed move that earned him the equivalent of Derek Jeter’s annual salary for just a few minutes of work.

The case seemed open and shut, but as Aguirre would soon find out, it was mostly shut. In the summer of 2005 when Aguirre told his boss he planned to interview Mack, things “started to get weird”. Aguirre was “contacted” (read hounded) by folks from Morgan Stanley, then an aide to New York Attorney General Eliot Spitzer, then the SEC got a call from one of the firm’s top dog lawyers: none other than, you guessed it, Mary Jo White, herself the former U.S. Attorney for the Southern District of New York- the top cop on Wall Street. Continue reading

Rutgers Football to Recruit from State Pen after Loss to Penn State

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New Jersey State Prison: The likely home to some recent, and future, Rutgers football recruits. (Photo: http://www.wikipedia.com)

Having sold its academic soul to pursue big-time television contract money when it decided to join the Big Ten conference, whose network eases the guilty conscience of each school’s president with as much as $25 million a year, Rutgers, who lost to Penn State on Saturday 28-3, now needs to hire a public relations firm to deal with the ugly aftermath of its decision. According to an article on Forbes.com:

In the last [month], seven players have been arrested. Four, including Barnwell [BFN: felicitous first name of Nadir], are charged with aggravated assault and two face armed robbery charges in connection with home invasions during April and May. The seventh player, wide receiver Leonte Carroo, is accused of slamming a woman’s head into concrete outside the Rutgers football facility. [BFN: In addition, head coach Kyle Flood has been suspended three games and fined $50,000 for improperly contacting a professor about a player’s grade.]

These arrests aren’t the result of scholar-athletes getting a bit carried away after the big game; there’s no drunk in public or public urination here, not even a DUI. On the plus side for damn-the-consequences Rutgers sports fans, the seriousness of the charges shows that the school is making a sincere effort to recruit the type of law breakers who play football and masquerade as students at the most successful college football programs (this list of “most arrested” school teams reads like a perennial top 25).

Recognizing that violent criminals often make great football players but also trying to give second chances to those who have paid their debts to society, Rutgers will fill the seven roster vacancies by creating a Football Apprenticeship Release Timetable program (“FART”) for violent but trusted felons at the New Jersey State Prison in Trenton. The program, similar to one at Florida State, will allow prisoners to leave confinement for practice and games but not to attend class (since class attendance is optional and actually discouraged at most top football schools). Continue reading

United Air and the Port Authority: Bribe or Blackmail?

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Seating on the “Chairman’s Route” was no better than usual…(Picture: http://www.sausedo.net)

Reported last week, the recent contretemps that resulted in the resignation of United Continental CEO Jeff Smisek raises a question often debated in the sordid aftermath of shameless crony capitalism: Was it a bribe or blackmail?

Back in 2011, United Continental, the largest airline by passenger volume (70% of traffic) at Port Authority-controlled Newark International Airport, sought to renegotiate its lease agreement there (and get approval for a wide-body maintenance hangar) as well as obtain funding from the PA for a $600 million extension of the PATH commuter train from downtown Manhattan to the airport. At a fat-cat dinner in September of that year, PA Chairman David Samson, who was appointed PA potentate by Chris Christie but resigned in March 2014 as US Attorney Paul Fishman’s “Bridgegate” investigation widened (to include topics like United’s dealings with the PA), did what any self-respecting New Jersey autocrat would do:

Halfway through dinner at Novita, an Italian restaurant in Manhattan, Port Authority Chairman David Samson surprised the group with a request of his own. He complained that he and his wife had grown weary of the trip to their weekend home in Aiken, South Carolina, because the best flight out of Newark was to Charlotte, North Carolina, 150 miles away. Until 2009, Continental had run direct service from Newark to Columbia, South Carolina, 100 miles closer. In a tone described by one observer as “playful, but not joking,” Samson asked: Could United revive that route? An awkward silence fell over the table.

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Overconfident or Obtuse? Obama Gets Duped by Derek Jeter

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He couldn’t even negotiate a simple golf wager without giving away the store. (Photo: http://www.telegraph.co.uk)

At a fundraising event on Monday for people who have not yet tired of hearing our president engage in snide ad hominem attacks on those with whom he disagrees, Barack Obama, who has played golf 248 times since taking office, told the audience that Derek Jeter, with the help of Las Vegas Sun newspaper owner Brian Greenspun, swindled him on the golf course back in November. Here’s how the president described the con:

And it was clearly a setup, because as we got — I knew Derek, but I hadn’t played golf with him before, and as we got up to the practice range, he was shanking balls everywhere.  And I said, well, do you play golf, Derek?  He said, I just started two weeks ago.  (Laughter.)  And Brian said, yeah, I’ll be his partner — because Brian is a better golfer than me.  And we gave Derek Jeter like 30 strokes.  And then on the first tee suddenly the ball just went straight and down the middle of the fairway, and we had to take a picture of me handing Derek Jeter money at the end of it. 

Neither side of this transaction (nor its outcome) surprises us at Bud Fox News. Let’s take Jeter first. Despite a carefully cultivated and protected image, the former overrated Yankee shortstop has about as much shame as Kim Kardashian, to wit: In cooperation with Steiner Sports, he will sell you a single game-used sock for $409.99 (game-used boxer shorts and discarded deodorant stick are probably up next). This is a man who was paid $269 million in salary by the Yankees over the course of his career (and earned at least another $100 million in endorsements). So Jeter clearly isn’t in the sock-selling business for the money, but he’s doing it anyway, maybe because he’s an egomaniac and so disdainful of his fans that he thinks he’s doing them a favor by offering them a single dirty sock (not even a lousy pair) for almost half a grand. My God, after Roger Maris hit HR #61, he told fan Sal Durante, who caught the ball, to keep it and try to make some money off it. It is believed that on that record-breaking day Maris threw his used game socks in the washer, where they (and Jeter’s) belonged. In similar fashion, because he’s an egomaniac and probably disdainful of the president, Jeter is perfectly capable of playing the golf grifter to Obama’s dupe. Continue reading

John Edwards Hired by Clinton Campaign as Hair Style Advisor

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Who is the real Breck Girl? (Picture: http://nypost.com)

Gaffe-machine Hillary Clinton, with each passing day resembling more a poorly programmed robot and beginning to make Joe Biden look as elegant as Fred Astaire, has her newest campaign advisor to thank for her latest birdbrained move. John “Breck Girl” Edwards, a presidential candidate himself in 2004 and 2008 (and the Democrat Party’s VP nominee in 2004), has joined the Clinton campaign as a hair style advisor, and according to sources within Clinton’s camp, it was Edwards’s idea for Clinton “to put part of Bergdorf Goodman on lockdown on Friday to get a $600 haircut at the swanky John Barrett Salon.When asked for comment, Marian Etz, Professor of Political Science at Champale University in Trenton, New Jersey, and Director of the Spiro Agnew Institute for Clean Politics, told Bud Fox News: Continue reading