Tuesday, June 16, 2009

Former democrat congressman being tried for bribery

ALEXANDRIA, Va.(AP) – Opening statements are scheduled in the trial of a former Louisiana congressman charged with bribery after federal agents found $90,000 in cash in his freezer. The case is scheduled to start at 10 a.m. Tuesday in federal court in Alexandria, Va. William Jefferson(D) is accused of soliciting bribes, racketeering, money laundering and other crimes. Jefferson represented parts of New Orleans until losing re-election last year. Prosecutors say he received more than $500,000 and sought millions more for using his influence to broker business deals in Africa. Jefferson has pleaded not guilty. He has said he has an explanation for the cash that agents found in the freezer in his Washington home in August 2005.
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This is a deposed democrat congressman from Louisiana that froze $90,000 in his freezer that is thought to have come from bribes. This guy may get "cooler" time in federal pen.
Mr.Jefferson,You Could Go To Prison!!__________________________________________
"It Ain't Over Till It's Over"
Yogi Berra

Ventures guitarist Bob Bogle passes away

TACOMA, Wash.(AP) – Bob Bogle, lead guitarist and co-founder of the rock band The Ventures, known for 1960s instrumental hits like "Walk, Don't Run," has died at age 75. Don Wilson, the band's other co-founder, tells The News Tribune of Tacoma, Wash., that Bogle became ill over the weekend and died Sunday. The band sold millions of albums and heavily influenced other rock guitarists. It was inducted into the Rock and Roll Hall of Fame in 2008.
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Bog Bogle was an innovator in instrumental music. He wasn't fancy but was similar to other instrumentalists that adapted traditional songs to guitar. He was an actual guitar pioneer. RIP,Sir!
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"It Ain't Over Till It's Over"
Yogi Berra

Extended Stay Hotels files bankruptcy

New York -- Extended Stay Hotels filed for Chapter 11 bankruptcy protection Monday, citing massive debt stemming from its 2007 acquisition by Lightstone Group and a sharp drop in business travel because of the recession. The Spartanburg, S.C. company's brands include Extended Stay Deluxe, Extended Stay America Efficiency Studios, Homestead Studio Suites, StudioPLUS Deluxe Studios and Crossland Economy Studios. The privately held company owns more than 680 hotels in the U.S. and Canada catering to long-term business travelers. The hotels are managed by HVM, a separate company.In June 2007, just as the hotel market peaked, Lightstone Group, one of the nation's largest private real estate investors, bought Extended Stay from private equity firm Blackstone Group. Lightstone financed the purchase with about $7.4 billion in loans.____(AP copy)
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Extended Stay operates all over the country and is based in South Carolina. Looks like the "southern fried" hotel crowd lost customers and revenue. They used over $7 billion in loans to buy the company and now can't meet payroll and service debt. Another debt ridden company with bad management.
Waiter,I Need A Refill,Waiter Was Laid Off??__________________________________________
"It Ain't Over Till It's Over"
Yogi Berra

Lubbock County Register

Flatland Howler

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