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Exclusive: ‘Car vending machine’ firm Carvana hires banks for IPO – sources

March 12th, 2017 admin No comments

(Reuters) – U.S. used-auto retailer Carvana LLC, which allows customers to pick up cars they buy on the internet from vending machine-like towers, has tapped investment banks for an initial public offering, according to people familiar with the matter.

Categories: Business Tags: , ,

MA-Sen: PPP Has Brown (R) Up One Point

January 10th, 2010 admin No comments

Public Policy Polling (PDF) (1/7-9, likely voters, no trendlines):

Martha Coakley (D): 47
Scott Brown (R): 48
Undecided: 6
(MoE: ±3.6%)

Some findings from Tom Jensen:

• As was the case in the Gubernatorial elections in New Jersey and Virginia last year, it looks like the electorate in Massachusetts will be considerably more conservative than the one that showed up in 2008. Obama took the state by 26 points then, but those planning to vote next week only report having voted for him by 16.

• Republicans are considerably more enthusiastic about turning out to vote than Democrats are. 66% of GOP voters say they are ‘very excited’ about casting their votes, while only 48% of Democrats express that sentiment- and that’s among the Democrats who are planning to vote in contrast to the many who are apparently not planning to do so at this point.

• Brown has eye popping numbers with independents, sporting a 70/16 favorability rating with them and holding a 63-31 lead in the horse race with Coakley. Health care may be hurting Democratic fortunes with that group, as only 27% of independents express support for Obama’s plan with 59% opposed.

Tom also offers some thoughts on how he thinks Coakley can win, and says that PPP will be back in the field next weekend. Meanwhile, Taegan Goddard has this update:

Meanwhile, polls from the Boston Globe and Boston Herald should be released in the morning.

A source tells Jim Geraghty that the Globe poll finds Coakley ahead by 15 points and the Herald poll finds her ahead by seven points — but just one point among likely voters.

And Mark Blumenthal promises that Pollster will put up a trend chart once it has a fifth poll of this race (PPP makes five).

(Ongoing discussion can also be found in calchala’s recommended diary.)


Categories: Politics Tags: , , , ,

If At First You Don’t Succeed, Lie, Lie Again

January 10th, 2010 admin No comments

After a week that saw Republican National Committee Chairman Michael Steele come under fire for (warning: this will take awhile):

  • Publicly wondering if Republicans were able to lead,
  • Saying that he wished he could be a teabagger,
  • Getting advice from a known racist,
  • Telling other Republicans to “shut up” or “fire me,”
  • Being told by other Republicans to shut up,
  • For blindsiding the Republican party with his book,
  • For the ethical questions raised by his outside income, and,
  • For depleting RNC coffers by two-thirds in a non-election year,

… Steele decided to cap off the week with this:

Responding to critics who say he wrote his latest book when he should have been conducting official duties, RNC chair Michael Steele said today he wrote the book before he took over the national party last January.

Well then, nothing to see here, let’s move along … or not:

But the book itself tells a different story. In its pages, Steele mentions at least 5 people, 1 piece of legislation and 1 term that did not become evident until well after he was elected to head the RNC.

At various points, Steele references Rep. Bill Owens (D-NY) and his 2 rivals for a special election that occured Nov. 3 — NY Assemb. Dede Scozzafava (R) and accountant Doug Hoffman (C). He mentions former Miss CA Carrie Prejean … to Supreme Court Justice Sonia Sotomayor … Cap and trade legislation had been discussed prior to Steele’s becoming chairman, but Reps. Henry Waxman (D-CA) and Ed Markey (D-MA) didn’t offer their first draft until Mar. 31. And as Steele takes after the health care measure introduced in Congress this year, he spends several pages assaulting the public option — an issue that was not a major part of the discussion during the ‘08 WH campaign.

What’s that old expression? Oh, yeah. When you’re in a hole, stop digging. Michael? Stop digging.


Categories: Politics Tags: , , ,

Late afternoon/early evening open thread

January 10th, 2010 admin No comments

What’s coming up on Sunday Kos ….

  • Dante Atkins will introduce himself and try to remind us of just how far we’ve come in his initial essay, (by way of reintroduction).
  • With Ellen Malcolm, the president of EMILY’S List, announcing her retirement, Angry Mouse will examine whether the nation’s largest feminist advocacy organizations are still effective or even necessary.
  • exmearden will stir the dust with thoughts on life, death, health insurance, and, well, dinnerware.
  • Meteor Blades will discuss why progressive activism, both the idealistic and pragmatic kind, is essential for transformative change and always has been.
  • If you’re always looking for ways to reduce your carbon footprint, or if you’ve ever been woken up by the noise of a garbage truck, Laura Clawson will tell you about something you’ll wish they had in your town: The Pedal People collect the trash on bicycles.
  • In many ways, 2010 could turn out to be a year that will see unprecedented changes in the national security landscape. One of the areas in which President Obama has the potential to make history is in the area of arms control, specifically with respect to nuclear weapons. Plutonium Page will go beyond the rhetoric and the headlines to show you how.


Categories: Politics Tags: , , ,

White House Backing Away from Net Neutrality? Not So Much

January 10th, 2010 admin No comments

An opinion column at CNET News suggests that the White House is backing away from the strong Net Neutrality position taken by FCC Chairman Genachowski. Larry Downes, “nonresident fellow at the Stanford Law School Center for Internet & Society,” writes:

The Obama administration and its allies at the Federal Communications Commission are retreating from a militant version of Net neutrality regulations first outlined by FCC Chairman Julius Genachowski in September.

That’s my reading of a number of recent developments, underscored by comments made by government speakers on a panel on the first day of a Tech Policy Summit at CES in Las Vegas….

The administration is clearly backtracking. But why?

Part of the reason is some unexpected political pressure, including a letter signed by 72 congressional Democrats opposing the FCC’s proposed rules soon after they were announced.

But the bigger explanation is the growing priority within the administration for nationwide, affordable broadband service. In the course of preparing the national broadband plan, mandated by the 2009 stimulus bill, universal high-speed access has taken on increased significance in the government’s hopes for a rapid economic recovery. Beyond the current financial woes, Congress, the FCC and the White House all recognize the importance of improving the communications infrastructure to maintain U.S. competitiveness in technology innovation….

The major carriers are making the investments, and have every business reason to make more. But the Net neutrality rules, depending on how the FCC defines key terms, could hamstring their efforts to make their money back. Net neutrality is making Wall Street uncomfortable about financing broadband deployment. That in turn is making the White House nervous.

Net neutrality is turning out to be a noisy side show and a growing distraction from the real priority for both the White House and the FCC: getting the country wired for recovery.

The argument that somehow the administration had completely changed position on the criticality of Net Neutrality as a key component of expanding broadband deployment and the recovery plan was a new one to me. I asked Tim Karr, campaign director for Free Press and the smartest Net Neutrality expert I know, for his take on this interpretation:

Downes offers a series of loose assumptions and scant evidence to support his idea that the White House is backing away from Net Neutrality.

The notion that Net Neutrality is a “sideshow” when it comes to the “real priority” of using the Internet for our recovery blithely ignores the role an open Internet plays to fuel innovation and economic growth in the country.

I gather Downes was too busy conjuring conclusions to have read yesterday’s report from several NYU legal scholars and economists who find that Net Neutrality fosters an essential “open and entrepreneurial dynamic” that “creates billions of dollars in value for American public.” (http://policyintegrity.org/documents/Free_to_Invest.pdf)

The idea that Net Neutrality thwarts investment in network improvements has been thoroughly debunked by real market data. And connecting more people to a non-Neutral (and therefore value-less) Internet is not a sound economic solution.

There has been a concerted effort by AT&T to undermine Genachowski’s strong NN position, including a massive astroturfing campaign with progressive bloggers and organizations (of which I’ve been a target, receiving a handful of e-mails from USIIA, a proxy for AT&T and the phone and cable industry) in an attempt to convince us that strong NN means massive job loss and thus Democratic losses. That effort did get 72 Congressional Dems (all but two of whom received “received campaign donations this year from Internet service providers, the companies most likely to be impacted by new regulations”). But there’s no evidence, outside of Downes’ interpretation, that the administration is wavering.

The FCC is still taking public comments on its strong NN proposed rule-making. Save the Internet has an easy-to-use online tool that you can use to add your support for the proposed rule. But you have to act soon–the comment period closes next Thursday, Jan. 14.


Dr. Tiller’s Murderer Could Be Out in Five Years

January 10th, 2010 admin No comments

Unbelievable.

In a pretrial hearing Friday, Kansas Judge Warren Wilbert said he might allow the defense to present evidence that Mr. Roeder acted in defense of others — in this case, fetuses — whom he believed to be under imminent threat.

Judge Wilbert also said he was open to the defense presenting evidence that Mr. Roeder might be guilty not of first-degree murder, which carries a mandatory sentence of life in prison, but of the far lesser charge of voluntary manslaughter, which carries a sentence of about five years.

Scott Roeder gunned down Dr. Tiller in cold blood. In church. He’s admitted to it.  And he isn’t the least bit remorseful.

No, I don’t have any regrets because I have been told so far at least four women have changed their minds, that I know of, and have chosen to have the baby,” Roeder said. “So even if one changed her mind it would be worth it. No, I don’t have any regrets.”

But now the judge has decided Roeder should have a chance to prove he was merely defending “preborn children” because he was “compelled” to do so. And what is his evidence?

The defense has subpoenaed former Kansas Attorney General Phill Kline, who plans to testify that he reviewed patient medical records and found evidence Dr. Tiller was illegally aborting “viable, unborn children,” a spokesman for Mr. Kline said.

Just one problem with that.

Dr. Tiller was acquitted of related charges in a jury trial two months before his death.

But hey, why let facts get in the way when you’re making excuses for murdering doctors saving lives?  


Categories: Politics Tags: ,

6.5 Earthquake Strikes Off California Coast

January 10th, 2010 admin No comments

FRESNO, Calif — A 6.5 magnitude earthquake struck off the coast of Northern California Saturday afternoon, shaking buildings south of the Oregon border and knocking out power in several coastal communities.

The U.S. Geological Survey said the quake hit at about 4:27 p.m. about 27 miles from Eureka, a city of about 26,000.

The state’s warning center hasn’t received any reports of injuries or major damage, California Emergency Management Agency spokeswoman Lori Newquist said.

The earthquake knocked out the power in Arcata, a small town that’s home to Humboldt State University, and one resident said many people had objects knocked off walls and televisions tumble.

“It was huge – one of the biggest earthquakes we’ve had up here in 20 years,” said Judd Starks, the kitchen manager at a bar and restaurant known as The Alibi. “The whole town is kind of freaked out right now. All the power is out, people are out walking around.”

Sandra Hall, owner of Antiques and Goodies in Eureka, said furniture fell over, nearly all her lamps broke and the handful of customers in her store got a big scare. She said it was the most dramatic quake in the 30 years the store has been open.

“It was shaking for a very long time,” Hall said.

The National Oceanic and Atmospheric Administration said there was no threat of the quake generating a tsunami. In November 2006, an 8.3-magnitude temblor in Japan sent waves that hit the region for eight hours, causing $9 million damage.

The quake was felt as far south as Capitola in central California, and as far north as Roseburg in central Oregon, USGS geophysicist Richard Buckmaster said.

Dan Bowermaster of San Francisco was with relatives in Eureka when the quake hit. He said he had been in several moderate and large quakes throughout California but had never felt anything as big or dramatic as this one.

“It just spiraled bigger and bigger,” Bowermaster said by phone. “It was extremely unsettling, it was shaking in kind of a circular way.”

Bowermaster said the refrigerator in his cousins’ home moved 3 or 4 feet, and glassware fell of the shelves and broke. He drove across town shortly after the quake and saw many store windows destroyed.

Five aftershocks followed in the 90 minutes after the quake, the biggest registering at a magnitude of 3.8. The San Francisco Bay area was struck by two light earthquakes on Thursday and Friday.

Hall said there was hardly any glassware left in her antiques store.

“We’ll be having a sale on broken china for those who like to do mosaics.”

___

Dalton reported from Los Angeles. Associated Press Writer Bob Christie contributed from Phoenix.

More on Natural Disasters


Categories: World Tags: , ,

Jets Beat Bengals For Playoff Win, 24-14

January 10th, 2010 admin No comments

CINCINNATI — With their rookie quarterback playing mistake-free, the New York Jets turned their surprising playoff appearance into a long-running production.

Mark Sanchez handled single-degree wind chills and the playoff pressure with no problems Saturday, throwing a touchdown pass on a rollout play, and the NFL’s top running game took it from there, setting up a 24-14 victory over the Cincinnati Bengals.

Sanchez went 12 of 15 for 182 yards, becoming the fourth rookie quarterback since 1950 to start and win a playoff game. Considered the Jets’ weakest link heading into the playoffs, he became their focal point.

“He just kept getting better as the season went along,” coach Rex Ryan said. “I told him this was his second season now. His first season is over. This is the playoffs.”

Third-round pick Shonn Greene ran for 135 yards, including a 39-yard touchdown, as the Jets’ rookies made the pivotal plays under the biggest pressure.

The Jets (10-7) got their first playoff victory since 2004 and pulled off a rare back-to-back sweep of the Bengals (10-7), who got a team playoff-record 169 yards from Cedric Benson but little else. Cincinnati’s streak without a playoff win reached 19 years and counting.

The Jets?

“They might have a chance to make a move,” Bengals quarterback Carson Palmer said. “Their defense is that good.”

Cincinnati went to the Meadowlands six days earlier and got turned into road kill. The Jets ran for 257 yards, and the Bengals managed a total of 72 yards, with Chad Ochocinco getting shut out.

Little changed the second time around.

“This was a great team effort,” said Ryan, who won in his playoff debut as a head coach. “We’re a good football team. If people don’t believe that, they soon will.”

No one should count the Jets out now, not the way their coach did two weeks ago. Ryan thought the Jets were out of contention following a 10-7 loss to the Falcons that was set up by Sanchez’s three interceptions. Then, everything lined up in their favor.

The Colts pulled their starters a week later, allowing the Jets to rally for a win, while four other playoff contenders lost. Then, the AFC North champs showed up at the Meadowlands last week and lost 37-0 with little at stake.

Ryan’s father, Buddy, was the defensive line coach for the ‘69 Jets, who won the Super Bowl title that Broadway Joe Namath had guaranteed. These Jets came into the playoffs as an off-Broadway show, lacking a star quarterback who could deliver a win.

Until Saturday.

Sanchez looked like a playoff pro, joining Shaun King, Joe Flacco and Ben Roethlisberger as rookie quarterbacks to win postseason starts. His passer rating was a stratospheric 139.4.

At times, Sanchez found himself on the sideline soaking it all in.

“It just blows your mind,” he said. “It’s unbelievable. I hope I have this feeling next week.”

Sanchez was by far the lowest-ranked passer in the playoffs, throwing 20 interceptions in his rookie season – second-most in the league. The Bengals wanted to put the game in his hands. Playing without a glove on his passing hand in an 8-degree wind chill, the kid from Southern California handled it without a bobble.

Afterward, the team present a game ball to owner Woody Johnson, whose daughter, Casey, was found dead in her Los Angeles home on Monday.

The Jets had a scare at the outset when punter Steve Weatherford was ruled out because of dizziness and an elevated heartbeat. Kicker Jay Feely punted for the first time in his NFL career, averaging 31 yards on seven kicks. He also made 20-yard field goal with 5:47 to go that put Cincinnati too far behind.

“I was so happy that I was kicking a field goal (then) instead of punting,” Feely said. “That was great.”

The Jets pulled ahead 14-7 by halftime with two big plays off Sanchez’s hand. He faked a handoff and made a perfect pitchout to Greene, who needed only one block to find open space for a 39-yard touchdown run, the longest of his career.

In the second quarter, Sanchez caught the Bengals off-guard. He rolled to his right and found tight end Dustin Keller running uncovered beyond the secondary. The throw was perfect, and Keller kept his balance for the last 15 yards while safety Chinedum Ndukwe vainly tried to knock him out of bounds.

At halftime, Sanchez was 7 of 10 for 94 yards with a passer rating of 132.9. It could have been even better – Braylon Edwards let a pass slip through his hands in the end zone.

Sanchez led an eight-play, 75-yard drive that culminated in Thomas Jones’ 9-yard run for a 21-7 lead late in the third quarter. Benson broke a 47-yard touchdown run – the longest in Bengals playoff history – that got Cincinnati within a touchdown, but Sanchez and Greene turned it on again.

The game ended with a little more Jets serendipity. Shayne Graham, the Bengals’ franchise-tagged player, missed two field goals in the second half, including a 28-yarder with 3:49 to go that essentially sealed it.

More on NFL


Categories: World Tags: , ,

Will Durst: 2010 Predictions

January 10th, 2010 admin No comments

All right, it was a hecka long holiday season. I’m tired and you’re tired. And neither of us has the energy to go through the whole post- modern deconstructionist explanation as to why you’re reading a predictions column here. Yes, I’m doing a predictions column. What’s the matter with you people? It’s the beginning of a new year. Hell, it’s the beginning of a new decade. That’s what journalists do: prediction columns. It’s a festive tradition. Like mistletoe or Hopping John or calling hospital emergency rooms when Uncle Bud goes missing in the wee hours of Boxing Day. And no, I don’t care that we’re already deep enough into January that most of our resolutions lie broken on the calendar floor like branches of a discarded Noble fir on the shoulder of a logging camp approach road. C’mon people, what am I, flying solo here? Deal with it. Or don’t. Because here they are: a list of predictions of what we can or should expect from various people during the 1st year of the second decade of the 21st century.

I PREDICT THAT IN THE YEAR 2010:
The Airline Industry will make every effort to rid the skies of the most dangerous security threat known to man: panties.
Charlie Sheen will attempt to hire whoever is responsible for Tiger Woods’ damage control.
Steve Jobs will evacuate a series of smooth, light and aerodynamically curvaceous clumps of waste, which will be reported upon at great length.
Barack Obama will finally purge himself of that overabundance of expectations for a bit of Congressional assistance.
Tiger Woods will win the Masters evidencing such a triumphant links return that other PGA wives will be encouraged to take 9 irons to their husbands’ Escalades.
Italian Prime Minister Silvio Berlusconi will direct his security detail to check out the firm responsible for Charlie Sheen’s damage control.
Termed out California governor Arnold Schwarzenegger will band together with Jean Claude Van Damme and Steven Seagal to form The Seniors Action- Star Film Series.
The US Congress will outline a plan to fix the Social Security problem once and for all that may or may not involve raising the retirement age to 83.
In order to thwart further underwear bombing plots, the TSA will perfect the speedy implementation of the two handed wedgie.
The Teabaggers will actively set out to find someone in their movement involved in popular culture sufficiently to help them vet a new name.
Law & Order Producer Dick Wolf will create his own network and fill each and every prime time slot with Law & Order & Law & Order spin-offs including a posthumous CGI enhanced Law & Order featuring fan favorite Jerry Orbach.
Joe Biden will undergo intense personal training to learn how to shut the hell up during moments of silence at Arlington National Cemetery.
Hillary Clinton will finally spit out that piece of meat stuck in her craw.
Jerry Brown will receive a clean bill of health from his paleontologist and go on to win the California gubernatorial election after being recognized as the biggest goober in the race.
George Steinbrenner will convince the Commissioner to award the 2010 World Series championship to the Yankees before the season starts to save wear and tear on his expensively fragile lineup.
CEO of the CIA, Leon Panetta will get a piece of meat stuck in his craw.
Former Vice President Al Gore will continue to cultivate a high profile in order to finally realize his dream of becoming a permanent cast member on Saturday Night Live.
Sarah Palin will actually finish, nah, never mind.

Will Durst is a San Francisco based political comic, who writes sometimes; this being a sterling example.
Catch Durst in stand- up mode at The Pipeline Café in Honolulu on Wednesday, January 13th.


Categories: World Tags: , , , , ,

Sanchez, Greene lead Jets to win over Bengals in Wild-card game

January 10th, 2010 admin No comments

Any questions? Backing up Rex Ryan’s big talk, the Jets rolled into the playoffs and beat up the Bengals for the second time in six days, taking last night’s AFC wild-card game, 24-14, at Paul Brown Stadium.

Categories: Gossip Tags: