Ex-Gov. Huntsman launching talk show on SiriusXM
SALT LAKE CITY (AP) - Former Republican Utah Gov. Jon Huntsman is helping launch a new weekly radio talk show on SiriusXM
aimed at promoting bipartisan politics.
The former U.S. ambassador to China and Democratic Sen. Joe Manchin, of West Virginia, will appear Wednesday on the inaugural edition of the call-in show on Sirius XM Radio - "No Labels Radio: A Town Hall with America."
Manchin is the honorary co-chairman of a coalition of 68 members of Congress called "No Labels Problem Solvers." Members include Democratic Rep. Jim Matheson, of Utah, and Republican Sen. Dean Heller, of Nevada.
Huntsman made a brief run for the 2012 GOP presidential nomination. He says the partnership between SiriusXM radio and No Labels is an important step toward a national dialogue about common sense solutions and problem solving.
aimed at promoting bipartisan politics.The former U.S. ambassador to China and Democratic Sen. Joe Manchin, of West Virginia, will appear Wednesday on the inaugural edition of the call-in show on Sirius
XM Radio - "No Labels Radio: A Town Hall with America."Manchin is the honorary co-chairman of a coalition of 68 members of Congress called "No Labels Problem Solvers." Members include Democratic Rep. Jim Matheson, of Utah, and Republican Sen. Dean Heller, of Nevada.
Huntsman made a brief run for the 2012 GOP presidential nomination. He says the partnership between SiriusXM radio and No Labels is an important step toward a national dialogue about common sense solutions and problem solving.
Missed out on Facebook IPO and couldn't be happier
@CNNMoneyInvest May 17, 2013: 8:30 AM ET
Barry Graubart originally planned to buy Facebook on the day of its IPO. He got shut out ... and now considers himself lucky.
NEW YORK (CNNMoney)
When Facebook made its stock market debut last May, Barry Graubart was set to buy $10,000 worth of shares in the initial public offering. But due to Nasdaq's trading glitches, his buy order never went through.
A year later, with Facebook's stock down 30% from its IPO price of $38, the digital media professional is relieved.Facebook's IPO was one of the most widely anticipated in history. It was a company that both Wall Street professionals and the average investor understood and used every day. But Facebook's first day on the market was chaotic, to say the least, botched by technical malfunctions at Nasdaq (NDAQ), including a late opening and delayed order execution messages.
Related: Facebook IPO: Winners & losers
Amid that chaos, Graubart's order went unfulfilled and expired at the end of the trading day. A spokesperson for Charles Schwa (SCHW, Fortune 500)said "the issues were industry-wide and not specific to Schwab, but we understood people's frustration and worked with clients on a case by case basis to resolve problems as quickly as possible."
But Graubart doesn't regret the fact that his order failed.
After watching Facebook (FB) shares slump below their IPO price to just $32 in the first few days of trading, Graubart initially figured he would wait until they dropped to about $25 before he considered buying them again. That happened just a couple of weeks later. But Graubart still sat tight.
Related: Facebook has grown ... but not its stock
"In the aftermath of the IPO, there was a lot of pressure on the stock," he said. "There weren't any compelling drivers to short it or make it a long-term buy at that time, so I decided to sit back and watch."
Graubart said he is now invested in Facebook through some mutual funds he owns, but he still hasn't bought individual shares of the company.
Graubart, an Irvington, N.Y. resident, said he was initially attracted to Facebook because he had never seen a product gain adoption as quickly or as at large a scale. But now, he's looking for Facebook to show it can make money on its more than a billion users around world, particularly the growing number that access the social media service on their smartphones and tablets.
"The management has been doing a great job focusing on how to monetize from its mobile users in the last six months, but they still haven't figured it out completely," he said.
For now, Graubart is a believer in LinkedIn (LNKD) when it comes to social media stocks.
"LinkedIn serves a distinct business-to-business need," said Graubart, who first bought LinkedIn in the fall of 2011 around $80 per share and has watched the stock more than double since. "They're able to generate a ton of revenue from people willing to pay for their premium service, from recruiters to job hunters to those in business development and sales."
While Graubart considers himself fortunate to have missed out on buying Facebook shares last year, Tom Boutell isn't sweating the fact that he did buy on the first day.
Boutell bought shares of Facebook at $42 through his E*Trade (ETFC) account on the day of the IPO. Still, he's confident that the stock will eventually get back to, and surpass, the IPO price.
"I bought the stock because I believe it will eventually be worth more than I paid for it," he said. "That time has not come yet, but it's a long-term purchase."
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Civility: Austin, Texas, police chief says pro-gun Twitter user has ‘lying extremist undeveloped brain’
What has Austin, Texas, police chief Art Acevedo so riled up? Was it the claim that Acevedo supports universal background checks for guns? That claim is true:
What about the claim that Acevedo opposes enforcement of federal immigration laws?
Acevedo is on record supporting legislation that would prevent police from inquiring about the immigration status of crime victims and witnesses.
And he supports a bill that would allow illegal aliens “to get special permits to drive and obtain auto insurance if they pass criminal background checks and pay a $150 fee.”
Perhaps there is something in @JohnGaltTx’s tweet that inaccurate. If so, Acevedo could have responded by pointing out the error. Instead, he engaged in ad hominem attacks.
When another Twitter user called out Acevedo for mocking his critics, the police chief doubled down:
No one is arguing that Acevedo doesn’t enjoy the same First Amendment rights as other citizens. That is a straw man.
The point is that it is unseemly for a high-ranking public official to address critics in such a childish, vitriolic manner. Acevedo is the police chief for a major city, after all, not (as far as we know) an anonymous commenter at Democratic Underground or Daily Kos.
Hat tip: @WO4TG
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