A look at the stocks making major market moves, including Verizon and American Express, with the Fast Money crew.
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DES MOINES, Iowa ? Republican presidential candidate Newt Gingrich leads the 2012 pack in buzz but trails his rivals in just about every other category in Iowa.
The former House speaker is striving for a remarkable comeback with the smallest staff and the fewest precinct-level campaign backers of the seven candidates competing in the Jan. 3 presidential caucuses that kick off voting in the fight for the GOP nomination.
Gingrich, who casts himself as the idea candidate bucking convention, is betting that his prescriptions for what ails America ? more so than tried-and-true campaign tools ? can help him win in Iowa, a state where a stellar organization traditionally has been the key to turning out supporters to local political meetings called caucuses on a cold, Midwestern winter night.
"The traditional ways might not be the most efficient way. Newt has shown us campaigning now is different," said Katie Koberg, Gingrich's deputy Iowa caucus director. "It's not about how you many staff you can hire."
Can it work? It's a gamble.
Gingrich's task was made more difficult this year after his campaign imploded and Iowa moved its caucuses earlier in the year, on the heels of the holiday season.
But Koberg says a combination of traditional staff work and online recruiting could help Gingrich piece together an organization that could harness the momentum he has gathered.
With just four staff members ? a fifth is scheduled to come aboard Friday ? Gingrich's team in Iowa is at once reaching out through traditional methods, attending party functions and signing up supporters in person, and reaching out in less conventional ways.
Adding to Gingrich's structural challenges in the state, rivals are beginning to criticize him directly. Texas Rep. Ron Paul's campaign released an Internet video that cast Gingrich as a Washington insider who has profited personally from his stature in government. The ad specifically criticized Gingrich for money his consulting firm was paid by the federally backed mortgage company Freddie Mac.
For months, Gingrich has led a campaign on life support, raising money on the Internet by capitalizing on highly praised debate performances that, in turn, helped him finance his trip to the next debate.
Gingrich often repeats his campaign's website address during nationally broadcast interviews and debates, which has drawn Iowans into his organization. Interested Iowans get a call back from Koberg or one of her aides, are put on the mailing list, and are asked about volunteer work and, importantly, whether they will caucus for Gingrich.
There are risks to Gingrich's shoestring Iowa campaign. He holds few of his own events, choosing instead to appear at businesses or Republican Party functions. The events don't cost his campaign money to set up, but the audiences may be less reliably interested in hearing him.
For example, more than 150 western Iowa and Omaha-area Republicans packed the meeting room in a pizza restaurant in Council Bluffs on Wednesday night to hear Gingrich. On Thursday, he was expected at an insurance company, an association meeting and a county GOP function in the Des Moines area.
In Council Bluffs, Gingrich was asked to explain his immigration position, which has sparked criticism from some of his GOP rivals. He has called for allowing some established illegal immigrants to remain in the country ? his opponents argue that he favors a type of amnesty ? and he described deporting all the millions of people in the United States illegally as unrealistic.
"I don't want to start down the road toward policies that are hopeless," Gingrich said, prompting light applause. "There is a middle road that gets us to legality without citizenship."
Such events are all he can do, given that there are only five weeks until the caucuses. And the approach fits with Gingrich's confidence that his appeal as a tested congressional leader with an array of post-congressional career policy hallmarks will attract Republicans searching for an alternative to former Massachusetts Gov. Mitt Romney, who has been a leader in national polls and in Iowa, despite a less aggressive Iowa campaign.
There's also a recent precedent for a successful, unconventional approach in Iowa.
Former Arkansas Gov. Mike Huckabee vaulted to the top of the polls in Iowa four years ago on a shoestring budget and little organizational structure. However, Huckabee, a former Baptist minister, made deep inroads with Iowa's conservative evangelical clergy and Christian home-school advocates, giving him key niches.
Gingrich, on the other hand, is cobbling together a coalition of evangelicals, with supporters such as longtime social conservative Loras Schulte, and establishment Republicans such as the Iowa House Majority Leader Linda Upmeyer.
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The Glover Park Group, one of Washington?s fastest-growing firms specializing in strategic communications and government relations, announced Tuesday that it has been bought by London-based WPP, the world?s largest communications-services company.
Glover Park was started in 2001 by four political refugees ? well-connected Democrats suddenly disconnected after the disputed election of President George W. Bush. The firm, now with a bipartisan leadership team, has grown to 140, with offices in Washington, New York, Los Angeles and Boulder, Colo.
Continue ReadingGPG has $60 million in annual revenue, putting it among the nation?s largest independent communications companies. The firm will keep its identity and operate as a stand-alone company within WPP. Specific terms were not disclosed.
GPG said that, as is typical for deals of this kind, ?the founding partners have contractually agreed to remain with the firm for the foreseeable future.?
The four founding partners are Carter Eskew, Joe Lockhart, Mike Feldman and Chip Smith. Lockhart was hired in June as Facebook?s vice president of corporate communications.
Eskew said in a statement: ?I?m fiercely proud of what we have built over the last 10 years and the impact we?ve had on the industry. But I?m even more excited about what lies ahead. WPP is an ideal partner for the next chapter in the GPG story.?
WPP is a monster, with 153,000 people working in 2,400 offices in 107 countries. Holdings include Burson-Marsteller, JWT, Hill & Knowlton, Ogilvy Group and Young & Rubicam.
The transaction marks a notable consolidation among Washington?s top-grossing and best-wired communications firms. Prominent WPP holdings in Washington include Blue State Digital, Dewey Square Group, Public Strategies Inc. and Quinn-Gillespie & Associates.
GPG staffers will celebrate the sale later this week at the company?s second annual trip to New Orleans, where they will work with the St. Bernard?s Project to rebuild homes for families affected by Hurricane Katrina.
GPG says its expertise includes ?strategic communications for complex business events such as mergers and acquisitions, executive transitions, and high-stakes negotiations. In addition, the firm has significantly deepened its bench of experts in brand positioning and corporate reputation management. ? GPG is stocked with professionals from the advertising, marketing and digital spheres as well as veterans from politics and government, including the Leadership in the House and Senate as well as the Obama, Bush and Clinton Administrations.?
Here is a Glover Park Group timeline:
2001: GPG founded by Carter Eskew, Mike Feldman, Joe Lockhart and Chip Smith in nondescript offices on Wisconsin Avenue in Glover Park.
2002: Amy Phee (Procter & Gamble Market Research) joins the firm to build the public opinion research and marketing capabilities.
2003: Howard Wolfson opens GPG?s New York office.
2004: GPG moves to bigger offices on Water Street in Georgetown.
2005: Joel Johnson and his team join GPG to start the government affairs practice.
2006: Private Equity Firm Svoboda Collins makes major investment in GPG.
2009: GPG moves into its current offices, on F Street, N.W., in Penn Quarter.
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Continue reading iPhone 4 combusts on Australian flight, looks madder than a spurned Qantas employee
iPhone 4 combusts on Australian flight, looks madder than a spurned Qantas employee originally appeared on Engadget on Mon, 28 Nov 2011 14:25:00 EDT. Please see our terms for use of feeds.
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Kurt Pellegrino has retired again. This time it wasn't as voluntary.
The UFC lightweight veteran took a fight with one of the young guns of MMA in Bellator and got waxed.
Patricky "Pitbull" Freire caught Pellegrino with a straight right that dropped him (2:28 mark). When they have someone in trouble, the Pitbull Brothers go for the kill. Patricky jumped on Pellegrino's back and trapped one his arms as he wailed away at the defenseless fighter. Referee Kevin McDonald stopped it, saving Pellegrino from unnecessary damage at the 0:36 mark of the first round.
Pellegrino, 32, retired from active fighting back in May, but couldn't resist the opportunity to fight in his home state when offered the shot with Bellator in Atlantic City, N.J. A native of Point Pleasant, N.J., Pellegrino was 7-5 in the UFC.
In one of the bigger bouts at Bellator 59, Alexis Vila fell short of completing his crazy journey to a tourney title at the age of 40. Vila lost a decision against Eduardo Dantas. Dantas won the Bellator bantamweight tourney and got himself a title shot against Zach Makovsky. Dantas, 22, also took out Ed West and Wilson Reis on his way to the tournament victory.
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"The X Factor" has fairly decent judges in L.A. Reid, Paula Abdul and Simon Cowell. But Nicole Scherzinger, second from left, not so much.
By Craig Berman, TODAY.com contributor
Dear Nicole,
I?m writing to you as a public service on behalf of everyone who watches ?X Factor.? I genuinely like the show, but I?m worried about it because right now you?re dragging it down single-handedly.
You?re a judge and a mentor of the over-30s, but as of now, you?re mostly just taking up space. We?re two months into ?X Factor? and I can?t remember a single thing you?ve said. You rarely have anything to say when judging others, nor do you seem to have the same personality from day to day. One week you're headbanging to a Josh Krajcik song, and the next you're sitting there demurely like a soccer mom.
Here's the problem: Right now, you have no identity as a judge. You're not critical.? You're not entertaining. You're not funny. You're never going to out-flake co-judge?Paula Abdul. You had that little made-for-TV feud with Simon Cowell going on for a few episodes, but he?s moved on to L.A. Reid now. You?re just bland and boring.
I know that you may be feeling some pressure. You weren't the first choice as a judge, and I wish they had stuck with the original plan, both because I liked Cheryl Cole and because you would have probably helped Steve Jones to be less stiff as a host. Maybe that?s what?s causing you to react by playing it safe.
It?s disappointing, mostly because I?ve seen you sing. When you?re onstage with the dancers behind you and the audience in front of you, you project total confidence and attitude. In addition, you, more than anyone else on the show, know what it takes to make it in the music business as a manufactured superstar and how hard it is to build on that initial burst of recognition once the show goes away. You?re an original ?Popstar,? for crying out loud, even if few remember Eden?s Crush. You?re a Pussycat Doll.
But when you?re behind the podium, you look like you?re petrified to say anything mean or to make a mistake. And you need to stop behaving like that.
So do the contestants a favor: Be honest with them. Tell Drew that she?s got to do something to bring the show?s energy up every now and then instead of sticking with the teen angst ballads every week. Inform Rachel Crow that she needs to add a little edginess to her personality if she wants to avoid being labeled as a Disney Channel singer. Figure out if Chris Rene is a one-hit wonder with ?Young Homie? or if he?s got something else in the tank. Stop treating the?hopefuls?like precious flowers who will wither and die if criticized, and start telling them what they need to do to succeed.
At the very least, do something besides sit there and offer meaningless platitudes every week. The audience needs more, the contestants need more, and you probably need more if you want to come back next season.
Sincerely,
Craig
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