Steven Cohen, the billionaire who is widely reported to be the ultimate target of prosecutors investigating insider trading at his hedge fund, has to be either crazy-reckless or supremely confident of his innocence. Either way, the master-of-the-universe buying spree he went on last week must make him the ultimate nightmare for the savvy financial PR firm that represents him, Sard Verbinnen &Co.
Stories I’d like to see
1. Obama administration malingers on hospital bill collecting abuses:
Here’s a compelling story for any reporter who wants to shine light on a failure of basic competence – or maybe it’s backbone – by the Obama administration on an issue that affects millions of middle class and poor Americans and that was supposed to be the president’s number one priority.
Mark Knoller is the award-winning, long time CBS News White House correspondent famous for keeping count of everything that goes on in the White House, such as presidential press conferences, speeches, visits to various states and even golf outings. Memo to Mark or anyone else who wants to put some meat on the bones of all the reports about how President Obama — whose charm offensive on Capitol Hill has dominated last two weeks’ headlines — has until now been so unusually disengaged with Congress: Can you do a comparison of how many times before his recent flurry of congressional encounters President Obama has met with members of the House and Senate? It could include a sub-category of one-on-one sessions, and compare Obama’s record, if possible, with the stats for presidents going as far back as you can. (Maybe Bob Caro can help you even get the LBJ numbers.)
1. Air Congress:
As a snowstorm threatened Washington, D.C., last Wednesday night, there were TV news reports showing members of the House hustling down the Capitol steps so they could get to the airport to catch flights home. This reminded me of something I’ve been curious about for a while.
For the past 10 days I’ve been interviewed on various television and radio shows about the article I wrote for the March 4 issue of Time, called “A Bitter Pill.” It’s all about how exorbitant prices and profits are at the core of the crisis America uniquely faces when it comes to financing healthcare, the cost of which now accounts for roughly a fifth of our gross domestic product. The article took a new approach to reporting on an overreported issue by avoiding “on the one hand, on the other hand” policy analysis. Instead, I took actual medical bills and dissected them line by line.
1. Find the story here:
Let’s begin this column with a quiz, one designed to test your story-generating talents. If the answer comes to you within 10 seconds, you, too, could be an editor or TV news producer. If you are an editor or producer and don’t see it instantly, you need better radar.
The Hagel fiasco:
I can’t get Defense Secretary-designate Chuck Hagel’s awful Jan. 31 Senate confirmation testimony out of my head. I went back last week and watched most of it again. It was stunning, by far the worst performance by a high-level appointee I’ve ever seen or heard about. I’m not referring to Hagel’s gaffes, though there were some. I’m talking about pretty much everything he said after he read his opening statement. He seemed – is there a nice way to say this? – stupid.
1. Suppose a college applicant did this?
Here’s a story that seems so bizarre that it might be good material for a Tom Wolfe re-do of The Bonfire of the Vanities rather than worth the time of a serious non-fiction reporter – except that it’s apparently true. According to this New York Times report last month, Egan-Jones, an “upstart credit ratings firm,” has been:
1. Newt’s new gigs:
One of my favorite side stories of last year’s presidential campaign had to do with the details that emerged about all the money Newt Gingrich had been making in recent years from speeches, books and lobbying (which he insisted was merely consulting or “advocacy”). As I wrote at the time , Gingrich’s release of his tax returns (when he was taunting Mitt Romney to do the same) was so intriguing because most of his $3.1 million in 2011 income was derived from something called Gingrich Holdings Inc. This was the clearinghouse for his various activities, and it presented him ample opportunity to get tax breaks by routing all kinds of personal expenses through his private corporation. It was an only-in-Washington success story.
1. The next terrorist attack may turn your lights out for weeks:
Or it may cause a dozen planes to crash at once because the air traffic control system goes haywire. Or it could play havoc with our email, e-commerce, use of credit cards, and the stock markets. Or do all of the above.