Super bidding

Roger%20Staubach.jpegDallas Cowboys owner Jerry Jones is pulling out all of the stops today to convince the other NFL teams owners to award Dallas Super Bowl XLV in 2011 — Hall of Famer QB Roger Staubach will assist Jones in Dallas’ presentation to the team owners. Dallas’ main competition is Indianapolis, which at least is better for Dallas than competing against Miami or San Diego.
But the fact of the matter is that a Hall of Fame pitch man and new stadium isn’t enough anymore for being assured of a Super Bowl. Texans’ owner Bob McNair learned that the hard way in connection with making Houston’s presentation for the most recent Super Bowl. As a part of that presentation, McNair promised the other NFL owners a trip to a South Texas ranch for some quality quail hunting, which in these parts is a pretty powerful inducement.
Unfortunately, Dolphins’ owner Wayne Huizenga, who headed up Miami’s competing presentation, one-upped McNair. He offered each owner the use of a yacht while they were in Miami for Super Bowl week.
The owners voted for Miami by a landslide.
“Don’t worry, Bob,” Huizenga reportedly told McNair after the vote. “We’ll serve quail on the yachts.”
Update: North Texas lands its first Super Bowl.

How high will the bidding for EGL go?

EGL%20logo%20052107.pngJust when it looked as if an outside bidder had outbid Jim Crane’s management led-private equity group for control of Houston-based EGL, Inc., Crane’s group upped its bid to $46.25 a share (prior posts here) this past Friday. Then, yesterday, the Crane group’s main competitor for EGL — an affiliate of Apollo Management, LP — sweetened its bid to $47.50 per share. EGL’s board, which is being toasted daily by EGL shareholders, notified Crane’s group that it is available until Wednesday to discuss a revision to that group’s $46.25 per share offer.
For those of you keeping score, that newest bid price represents just under a 60% premium over the EGL share price from when Crane’s group announced its his original bid for the company earlier this year.
This all must be very confusing to Ben Stein.

Passport hell

passports.jpgQuestion: What do you get when changes are made in the processing of a governmental service that, even in the best of times, doesn’t really function all that smoothly?
Answer: According to this Lisa Falkenberg/Chronicle column, a real mess:

The scene at the George Thomas “Mickey” Leland Federal Building in downtown Houston resembled a soup kitchen. Outside, tired-looking people crowded benches and sprawled on grass. Inside, State Department guards kept teeming hordes at bay in the lobby so they wouldn’t add to the lines, snaking through hallways outside the fourth floor passport office.
“We started out in a line to get in a line to get to the elevator so that we could get in a line to get a number to wait in another line,” Prothro told me.
Applicants, from El Paso to Oklahoma City, waited like cattle in holding areas, clutching suitcases, gripping manila envelopes of itineraries, some frantically calling congressmen for help. Even those with appointments were shooed by guards to the rear of the line.
The nationwide passport backlog ó prompted by a federal law that took effect in January requiring U.S. citizens to obtain passports before flying to places such as Canada, Mexico and the Caribbean ó was exacerbated this week in Houston by two days of computer system failures, said Eric Botts, assistant regional director.
The crowd grew so large, it presented a fire hazard.
“I can certainly understand people are frustrated,” Botts said.
Botts said his staff has worked overtime, doing “everything humanly possible” for the past two years to meet surging passport demand. Each day, the office may get 500 e-mailed or faxed congressional inquiries about cases, and 800 from the national passport information center. He said his office has a backlog of 90,000 passports.
By midday, passport purgatory quickly deteriorated into passport hell. Around 3 p.m., a worker delivered grim news to an outside line:
“If you’re here trying to get a passport today, that’s not going to happen,” he said. “I don’t know why they sent all of you here. As you can see, they sent thousands of people here. There’s no way an agency this small can handle all this work.”
Inside the stuffy office, more than 250 people, including screaming toddlers, waited in line or in plastic chairs, staring at Fox News, sharing gripes in every language and glaring anxiously at passport agents behind thick glass windows. Many went several hours without eating or drinking, for fear of losing their spots in line. [. . .]
Occasional applause erupted when someone emerged with a passport. These lucky few adopted a distinctive swagger and a wide grin as they coveted their hard-earned treasure.