Now that’s pressure

evel%20knievel0508.jpg(Dom Furore/Golf Digest photo) My old friend and prominent Las Vegas criminal defense attorney David Chesnoff introduced me to the late Evel Knievel back in the mid-1980’s when we bumped into him while playing golf at Las Vegas Country Club. That led to an afternoon of David telling me stories about the high-stakes Vegas golf games in which Knievel regularly played, a good number of which involved Knievel’s legendary ability to hold up well under extraordinary pressure.
Knievel’s death last week reminded me of another story about Knievel thriving under pressure that Knievel told in this Golf Digest inteview from a couple of years ago:

I was playing 21 at the Aladdin in Las Vegas, betting $10,000 a hand. Arnold Palmer and Winnie are standing right behind me, watching. And I’m losing. The dealer is pulling 20 every time, and although I’m pulling my share of 20s, too, I can’t win a hand, and I’m losing a lot of money. And I’m getting really angry. The next hand he deals me a 20, and he’s got a face card showing. I’m certain he has 20, and I just can’t bear tying again. So I ask for a hit.
The dealer freaks out, shuts the table down and screams for Ash Resnick, who runs the casino. Ash comes along and is told I want to hit 20. He looks at me for a long time and then says, “Give the kid a hit.” The dealer gives me an ace, and when I turn around, Arnold’s eyes are this big, and Winnie looks like she’s going to be sick.
“I know what pressure is,” Arnold said, “but you’re too much.”

Read the entire interview here.

The key issue in the 2008 Presidential race

As usual, the Onion identifies the issue with precision:

Poll: Bullshit Is Most Important Issue For 2008 Voters

“In the Hamptons”

As economists such as Nouriel Roubini increasingly predict a recession and a hard landing for the U.S. economy, Merle Hazard channels Merle Haggard, Arthur Laffer, Milton Friedman, Mac Davis, Ben Bernanke and Elvis — to name just a few — in expressing Wall Street’s current trepidation. It doesn’t get any better than “In the Hamptons” (H/T to the NY Times via Larry Ribstein):

The managing partner

The incomparable Stu Rees of Stu’s Views passes along a common experience shared by most attorneys who have had the “pleasure” of managing a law firm:
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The Philly reaction to the Lidge deal

Lidge%20shocked%20111507.jpgTuck depicts the quintessential Philadelphia reaction to the Lidge deal.

A Halloween harbinger?

From the incomparable Stu Rees of Stu’s Views:
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Comfort Inn’s nightmare

comfort_inn_logo.jpgKey tip to Comfort Inn: don’t ever — ever — take Megan McArdle’s room reservation and then don’t provide her with a room.

For your Sunday enjoyment . . .

First, the somewhat geeky but very funny Yoram Bauman, the Standup Economist:

And clarifying the differences between Persians and Arabs, the quite clever Maz Jobrani:

An interesting variation on the Nigerian email scam

luciano-pavarotti1.jpgI’ve had my email address for a long time, so I get a receive a lot of spam, which I ignore.
However, I thought I’d already seen every possible variation of the Nigeriam email scam imaginable, but I have to admit the one below that I received a few days ago is more imaginative than most:

From: rebzxxxxxxxxxxxx@peoplepc.com
Luciano Pavarotti (Next Of Kin)
Dear Sir,
My writing to you should be surprising but itís not a mistake because I believe that I could confide in you on this business deal which would be highly beneficial to both of us only that you should promise me that you would not disappoint me at the conclusion of this deal. The main reason why I am contacting you today is to seek your assistance but firstly let me introduce myself before proceeding to the purpose of this letter.
I am Graham Robson Wallace from London in the United Kingdom and I worked as a personal assistant and attorney to one Luciano Pavarotti who died of pancreatic cancer on the September 06, 2007. I was so close to him that on the 27th of June 2005, before his untimely death, he deposited the sum of Thirty-Seven Million Dollars (US$37M) in the custody of a Security Company in London and Holland and this deposit was made known to me alone. The problem now is that these Security Company has written to me few days ago requesting that I provide the beneficiary and next of kin to the deposited fund hence the real depositor is dead.
I would have claimed the money but the company already knows me as the late Luciano Pavarotti’s attorney and personal assistant. So that is why I am contacting you just to present you as the bonafide beneficiary and next of kin to the said fund and I would provide all necessary documents to back up the claim but you must promise me that you wonít disappear into tin air by the time the fund is remitted into you account and also bare in mind that you would be entitled to 35% of the said fund, though the percentage sharing is negotiable.
Please signify your interest by providing me the following: This is to enable me commence immediate preparation of all legal document that will back up our claim.
1. Full Name :
2. Your Telephone Number and Fax Number
3. Your Contact Address.
Your urgent response will be highly appreciated.
Best regards,
Mr. Graham R. Wallace

Based on this earlier post about the late Pavarotti, it doesn’t sound as if he had $37 million laying around to give to Mr. Wallace. ;^)

What a business!

dollars%20092707.jpgFor a rollicking good read, don’t miss Jeff Matthews’ post on KKR pulling out of the Harman International Industries deal last week:

Now, you might think that someone of Mr. Kravisí stature in the Private Equity business would recognize a bad decision when he saw it, honor his commitments and move on.
But no, the Journal reported: KKR not only wanted to break the Harman deal, but they apparently wanted help from the bankers in paying the termination fee.

Don’t miss the entire post. Highly entertaining.