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Remember Ted Stevens? AK Senator convicted who then lost his seat?

Discussion in 'Political Zone' started by ThaBigP, Feb 14, 2009.

  1. ThaBigP

    ThaBigP New Member

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    Well, it turns out, "not so fast"...

    Looks like a judge agrees, has became enraged and held the PROSECUTION in contempt of court. Appears the lead FBI agent on the case was sleeping with the prosecutions star witness. Oh, and they also just happened to withhold evidence that would have helped Steven's defense.

    Conviction likely to be thrown out.

    http://www.newsmax.com/insidecover/stevens_prosecutors/2009/02/13/181854.html
  2. DIAF

    DIAF DivaLover159

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    wow, way to screw that one up, prosecution. Holy crap.
  3. silverbear

    silverbear Semi-Official Loose Cannon

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    And who was it that broke this story in the media??

    Why, that would be the New York Times... that's right, the same New York Times that the righties in here are always screaming has a "left wing bias"...

    This story is just one more bit of evidence proving that what the Times REALLY cares about is not its politics, but the STORY...

    Just like most every other newspaper out there... the Washington Post didn't bring down Nixon as a result of some left-wing conspiracy, they just got hold of a juicy STORY, and followed it relentlessly, like any good newspaper would have done...
  4. Jarv

    Jarv Loud pipes saves lives. Zone Supporter

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    Yeah, the NY times is no more biased than you...rightie hater...lol. Self proclaimed by the way.
  5. Jordan55

    Jordan55 Active Member

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    This is the same rag that is barely staying a float, you know because they are overwelmed by the requests for subscriptions to there fair and balanced reporting. What another left leaning media outlet bites the dust. Surprised
    New Flash:
    The struggling New York Times Co. has received a $250 million loan from a prominent shareholder who happens to be the world's second-richest man -- Mexican telecommunications titan Carlos Slim Helu.

    The money comes at a steep interest rate: 14 percent
    Great Move It's just a matter of Time
  6. silverbear

    silverbear Semi-Official Loose Cannon

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    Uhhh, most newspapers are struggling these days, there is a very real risk that the internet will ultimately destroy newspapers as we know them...


    Borrowing money in hard economic times doesn't necessarily mean you're about to "bite the dust"... get back to me if that ever happens, until then your gloating is quite premature...

    I mean, the world's second richest man must be pretty smart about money, and he apparently considered them a good risk...
  7. burmafrd

    burmafrd Well-Known Member

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    That rag and the rest of them are getting just what they deserve and what they have earned: contempt and bankruptcy.
  8. Jordan55

    Jordan55 Active Member

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    Newspaper analyst John Morton said the Times Co., which carries about $1.1 billion in debt, is much better off than rival Tribune Co., whose $13 billion in debt forced the company to seek bankruptcy protection in December. Still, the Times Co. has $400 million in debt between two revolving facilities, the first of which comes due in May.

    "Sure it's painful to have to borrow money at that kind of rate, but there's not very much money available out there," Morton said. "They may not have had any choice."


    New York -- Times Co. said Monday that it had reached an agreement for $250 million in financing from companies controlled by billionaire Carlos Slim Helu to help the newspaper publisher meet debt payments as credit markets dry up and the newspaper industry confronts plummeting ad revenue.

    Banco Inbursa and Inmobiliaria Carso will issue senior unsecured notes due in 2015 with detachable warrants, New York Times said. The publisher plans to use the funds to refinance existing debt, including $400 million borrowed under a revolving credit facility that matures in May.


    The loan gives New York Times increased financial flexibility, and the company will continue to work toward reducing debt, Chief Executive Janet Robinson said. The company slashed its dividend last year and is pursuing asset sales to raise cash.

    It plans to raise $225 million from its new 52-story Manhattan headquarters, either by selling the building and leasing it back or by taking out a mortgage. The company owns 58% of the building, a portion that has not yet been mortgaged. The company also put its stake in the Boston Red Sox up for sale.

    "They need all of the fuel they can get to keep going," said Richard Dorfman, managing director of investment firm Richard Alan Inc. Dorfman, who spoke before the announcement, said he sold the remainder of his stock in New York Times in December.
    Before the deal was announced formally, New York Times said Slim would get no representation on the company's board or special voting rights. But when he exercises the warrants, he would own about one-third of the company's common stock, becoming its largest shareholder.

    New York Times shares closed at $6.41 on Friday. They have fallen 13% this month

    Doesn't look good, does it!
  9. silverbear

    silverbear Semi-Official Loose Cannon

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    Like I said, get back to me when they actually go under... I just wouldn't sit around holding my breath waiting for that to happen...
  10. burmafrd

    burmafrd Well-Known Member

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    I will light up a nice cigar and celebrate when that rag goes under.
  11. iceberg

    iceberg detoxed...part 2 Zone Supporter

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    bear - for the love of gods forgotten in time - please try to treat people as individuals and NOT all this "those damn righties" crap!

    i'm about to need a vacation from the constant tirade of thoughtless thought.
  12. JBond

    JBond Well-Known Member

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    What about the stories they completely fabricate?
  13. DIAF

    DIAF DivaLover159

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    Awesome how this went from a thread about Ted Stevens (which lasted all of 2 posts) to a thread about squabbling over newspapers going down, derailed by another one of silverbear's tirades against "righties". Which was completely unprovoked, as well.
  14. ThaBigP

    ThaBigP New Member

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    Back to the real purpose for this thread...Sen Stevens lost his reelection bid in AK due to this apparently fraudulent investigation and trial. He was convicted in time to overturn the likely outcome of his election...indeed it did, as he lost to the Dem challenger Begich. Now...what was the final vote on the stimulus? 60-38. The magic number needed to end debate and prevent a filibuster...much less force debate so everybody knows exactly what's in this bill. Begich voted for it. If the shenanigans of the investigation/trial of Stevens had been brought to light in time to save his candidacy, he likely could have been the one crucial vote to at least force debate. That of course assumes he'd have voted against it, but he probably would have. This also assumes that the shenanegans were so bad that he never should have been investigated or convicted in the first place. I haven't seen the nature of the evidence withheld, but it was certainly enough to make a judge fly off the handle in a rage and hold the entire prosecutorial band of attorneys in contempt of court.

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