Harry Newton's In Search of The Perfect Investment
Newton's In Search Of The Perfect Investment. Technology Investor.
8:30 AM EST, Wednesday, May 16: GlobalSantaFe
Corporation is an offshore oil and gas drilling contractor, owning or operating
a fleet of 59 marine drilling rigs and providing offshore oil and gas contract
drilling services to the oil and gas explorers and producers worldwide. If you
believe as I do, that the oceans is where we'll be seeking oil more and more,
then GSF makes sense. It also has a low P/E (13.26) and a nice chart:
It makes a nice
companion to my previous recommendation of Dril-Quip, which builds drilling
and production equipment for deepwater, harsh environment and severe service
poised for third-party campaign: This news
electrified my family and friends. Imagine a presidential candidate who didn't
have to raise money, who wasn't beholden to industry -- oil, pharmaceutical,
insurance etc. -- , and could do what's right, what the country needs. Imagine.
By Ralph Z.
Hallow, The Washington Times, May 15, 2007
Mayor Michael R. Bloomberg is prepared to spend an unprecedented $1 billion
of his own $5.5 billion personal fortune for a third-party presidential campaign,
personal friends of the mayor tell The Washington Times.
set aside $1 billion to go for it," confided a long-time business adviser
to the Republican mayor. "The thinking about where it will come from
and do we have it is over, and the answer is yes, we can do it."
friend and fellow Republican said in recent days that Mr. Bloomberg, who is
a social liberal and fiscal conservative, has "lowered the bar"
and upped the ante for a final decision on making a run.
The mayor has
told close associates he will make a third-party run if he thinks he can influence
the national debate and has said he will spend up to $1 billion. Earlier,
he told friends he would make a run only if he thought he could win a plurality
in a three-way race and would spend $500 million -- or less than 10 percent
of his personal fortune.
A $1 billion
campaign budget would wipe out many of the common obstacles faced by third-party
candidates seeking the White House.
is H. Ross Perot on steroids," said former Federal Election Commission
Chairman Michael Toner. "He could turn the political landscape of this
election upside down, spend as much money as he wanted and proceed directly
to the general election. He would have resources to hire an army of petition-gatherers
in those states where thousands of petitions are required to qualify a third-party
presidential candidate to be on the ballot." ...
Talk of Mr.
Bloomberg as a third-party candidate comes as Republican voters are deeply
divided over their top-three declared candidates -- Arizona Sen. John McCain,
former New York Mayor Rudolph W. Giuliani and former Massachusetts Gov. Mitt
Romney -- and are casting longing glances at former Tennessee Sen. Fred Thompson
and former House Speaker Newt Gingrich.
the people on McCain's [presidential campaign] staff have been calling me
to see if Mike is running because they are ready to leave the McCain campaign,
which is a biplane on fire and spiraling down," the Bloomberg adviser
Chuck Hagel, another independent-minded Republican, dined recently with Mr.
Bloomberg and suggested on CBS' "Face the Nation" over the weekend
that he and Mr. Bloomberg might make an independent run for the presidency.
But in Albany,
N.Y., yesterday, Mr. Bloomberg downplayed that suggestion.
he was probably joking," the mayor told reporters. Mr. Hagel "speaks
his mind. ... He's not happy with the same things that I'm not happy about."
who say they are girding for a Bloomberg entry note Mr. Bloomberg has a 68
percent share of his privately owned company, Bloomberg LP. The company is
worth $20 billion (and about $30 billion if put on the block for public bidding)
and earns $1.5 billion annually in after-tax profits. ...
A New York Daily
News poll of the city's voters finds that Mr. Bloomberg, twice elected mayor
as a moderate Republican, is far more popular than Mr. Giuliani, the former
mayor who leads in most polls for the Republican presidential nomination.
said yesterday he was flattered by that result but downplayed it at his Albany
press conference, saying, "The current mayor always has a real advantage."...
reason I support the Innocence Project:
Tears flowed from Byron Halsey Tuesday after he was exonerated of a murder
conviction in Elizabeth, N.J. Vanessa Potkin, one of his lawyers, offered support.
talk: The MGM Grand Hotel of Las Vegas washes 15,000 pillowcases per
in Murders Frees Inmate After 19 Years
By Tine Kelley of the New York Times.
May 15 A man who served 19 years in prison for the sadistic murders
of his companions two children walked out of the Union County Courthouse
flanked by his family members after a judge vacated his convictions on Tuesday.
contended that DNA evidence in the case would probably change the mind of
the jury that convicted the man, Byron Halsey, 46. They also said that the
DNA evidence pointed instead to Cliff Hall, a neighbor who testified against
Mr. Halsey at his 1988 trial and who is currently in prison for three sexual
who was handcuffed, sat crying silently during the brief proceeding in Union
County Superior Court before Judge Stuart L. Peim. ...
co-director of the Innocence
Project, the Manhattan legal clinic that revived the case, said: Its
a miracle that Byron is here with us, because if ever there was a case where
there was a risk of executing an innocent man, it was this case. Because the
facts of the case were so horrible.
had sought the death penalty for Mr. Halsey in the 1985 killings. The crimes
were particularly chilling Tina Urquhart, 7, was raped and strangled,
and her brother, Tyrone Urquhart, 8, died after four nails were hammered into
his skull with a brick. The childrens bodies were found in the basement
of a rooming house in Plainfield where Mr. Halsey lived with their mother.
a factory worker, was convicted in 1988 of two counts of felony murder and
other charges, and sentenced to two life terms and 20 years. He was not eligible
for the death penalty because he was not found guilty of purposeful and knowing
murder, a capital offense, one of his lawyers said.
comes at a crucial time in the states debate over abolishing the death
penalty, which has not been carried out since 1963. Last week, the Senate
Judiciary Committee passed a bill to replace the death penalty with a sentence
of life without the possibility of parole for the most serious crimes. A similar
bill was introduced in the Assembly last November. There are nine men now
on death row in New Jersey. ...
a minor miracle that he was not sentenced to death, Mr. Scheck added.
At the trial, a few of the jurors just didnt believe in capital
Mr. Halsey contacted
the Innocence Project, which is affiliated with the Benjamin N. Cardozo School
of Law at Yeshiva University, after exhausting his appeals. Advanced DNA techniques
that were not available at the time of the trial showed that the evidence
had no link to Mr. Halsey. It did, however, show a match with Mr. Hall, whose
DNA samples were already in the states database because of his convictions
in sex crimes that occurred after the Urquhart children were killed. ...
Mr. Scheck noted
that in about a quarter of the 201 wrongful convictions that have been overturned
with the use of DNA evidence, people had confessed or admitted to crimes they
did not commit. Mr. Halsey signed a confession after 30 hours of interrogation,
Mr. Scheck said. Mr. Halseys lawyers said he had a sixth-grade education
and severe learning disabilities.
one of his original lawyers, said Mr. Halsey had maintained his innocence
from the beginning.
hoping the case sheds light when the bill goes to the Assembly, so the death
penalty will be taken off the books, she said.
the victims mother, said in a statement: I knew Byron loved Tyrone
and Tina. It didnt make sense to me that he could have done this. I
always had my doubts, but I didnt know what to do about them. I am thankful
that the DNA testing has identified who really did this to my children and
that Byron is being released today. I want justice done in this case.
for Mr. Halsey, Raymond Brown, said his client was looking forward to one
thing in particular after being released.
something about taking a bath, Mr. Brown said. He hasnt
taken one in 20 years.
two churches with great humor:
questions can't be answered by Google. By the way, contemporary wisdom has it
that Google indexes less than 2% of what's out on the Web.
This column is about my personal search
for the perfect investment. I don't give investment advice. For that you have
to be registered with regulatory authorities, which I am not. I am a reporter
and an investor. I make my daily column -- Monday through Friday -- freely available
for three reasons: Writing is good for sorting things out in my brain. Second,
the column is research for a book I'm writing called "In Search of the
Perfect Investment." Third, I encourage my readers to send me their
ideas, concerns and experiences. That way we can all learn together. My email
address is .
You can't click on my email address. You have to re-type it . This protects
me from software scanning the Internet for email addresses to spam. I have no
role in choosing the Google ads. Thus I cannot endorse any, though some look
mighty interesting. If you click on a link, Google may send me money. Please
note I'm not suggesting you do. That money, if there is any, may help pay Claire's
law school tuition. Read more about Google AdSense, click
here and here.