Erin Barry Is Not Eva Longoria's Friend, Cheating With Tony Parker?

Erin Berry is not Eva Longoria's friend anymore.

Eva Longoria has filed for divorce from San Antonio Spurs star Tony Parker. Longoria reportedly got wind of sexy text messages between Parker and Erin Berry (photo at left).

According to The Huffington Post, Mario Lopez, a "good friend" of Longoria, confirmed that she found "hundreds of texts from a mutual female friend on Tony's phone." This "mutual friend" was said to be the wife of a "former teammate."

The person who claims this friend is Erin Berry, who's married to the "former teammate" Brent Barry, by connection, is Sports Illustrated Writer Bryan Armen Graham.

This is his tweet:

Have it on good authority from entertainment sources that "former teammate" in Tony Parker-Eva Longoria affair is Brent Barry.

TMZ.com spoke to Rick Barry, Brent Barry's father, who said "I feel horrible for my son. I'm in shock. I knew [Erin] was moving out of the house soon and SHE was the one that filed for divorce. This is the straw that broke the camel's back."

Stay tuned.

Oakland City Auditor Attacks Financial Reporting, CAO Lindheim Insults Auditor

This shows Oakland CAO Dan Lindheim (in photo) can dig his own hole fast.

The Chief Administrative Officer of Oakland, who's days are numbered in the wake of Jean Quan's victory to become Oakland's Mayor-Elect, insulted Oakland City Auditor Courtney Ruby, saying she "clearly shows a lack of understanding of the City's financial system and the reporting of its assets," as reported by the Oakland Tribune.

This blogger, who worked for two of the last three Mayors of Oakland, has seen a ton of examples of hubris, including from myself, but nothing to match what Dan Lindheim wrote about the City Auditor's Report of The Community and Economic Development Agency (CEDA), and by extension, Courtney Ruby herself.  (Here's Dan in my video from his press conference on The Oakland Police.)

Ruby, who beat back an election challenge from Michael Killian, landing 66.93 percent of the vote, wasted no time in presenting her CEDA loan fund audit report to part of the media. (Here's hoping she looks at the Oakland Coliseum next.)

Here's hoping that Ruby gets better at distributing information to all of the media, too. Like many in Oakland City Hall (except Karen Boyd and the Mayor's Office, and the Oakland City Attorney), her staff seems to think people read newspapers a lot. They don't. It's one reason why newspaper ad revenues are consistently falling. Next time Courtney, send a link to the online report to me. Right now, it's not available!

But I digress.

The City Auditor's Report says that CEDA had something like $14 million in loans it issued (which CEDA does to help businesses and homeowners), but had not written off. Ruby claimed this shows that the City's financial reporting system can't be trusted. If that's the case, the City of Oakland really doesn't know what kind of financial shape it's in.

All of that reflects on Dan Lindheim, who's job it is to issues the reports. The naturally prickly Dan responded in a way that was politically stupid, claiming the City Auditor basically doesn't know what she's doing.

 Either Dan has a good new job to go to after the City of Oakland, since Quan's looking for his replacement, or he's independently wealthy. No municipality will touch someone so willing to openly blast the results of an audit with an insult of the auditor.  

Maybe Dan's going to become a blogger?

Stay tuned. Oh, here's the Trib article.

Is Bank Of America In Financial Trouble? #BofA

Is Bank of America in financial trouble? Will Bank of America, tagged #BofA on Twitter, ask for another TARP bailout? Alternet thinks so. This is what that news website reports:

When former Treasury Secretary Hank Paulson was handing out trillions to Wall Street, BofA collected $45 billion from the Troubled Asset Relief Program (TARP) to stabilize its balance sheet. It was spun as a success story -- a rebuke of those who urged the banks be put into receivership -- when the behemoth “paid back” the cash last December. But the bank’s stock price has fallen by more than 40 percent since mid-April, and the value of its outstanding stock is currently at around half of what it should be based on its “book value” -- what the company says its holdings are worth.

“The problem for anyone trying to analyze Bank of America’s $2.3 trillion balance sheet,” wrote Bloomberg columnist Jonathan Weil, “is that it’s largely impenetrable.” Nobody really knows the true values of the assets these companies are holding, which has been the case ever since the collapse. But according to Weil, some of BofA’s financial statements “are so delusional that they invite laughter.”

From this video blogger's standpoint, who's a customer of Bank of America, let's hope they're not in trouble. Besides, they've still got to fix this episode of bad service:



For more on the Alternet claim, read the account here.

Internet Ad Revenue Record: New Media Beats Old Media In Ad Revenue Reports

Continuing a long-term trend, online (or Internet) advertising revenue increased 17 percent in the 3rd Quarter of 2010 when compared to the same period in 2009.  Internet ad revenue set a record in the process hitting $6.4 billion, according to the The Interactive Advertising Bureau.

The The Interactive Advertising Bureau, or IAB, represents "86 percent" of the providers of online (or Internet) advertising. But while that information may appear to have a taint toward "New Media" - the IAB's not reporting what's happening with radio, print, and local ad revenues - the news for "Old Media" is not pretty.

MediaPost reports that while the IAB data is up, traditional, or "Old Media" revenues are "not faring nearly as well."

3rd Quarter newspaper ad revenues are down 3.7 percent.

MediaPost:

...total newspaper ad revenues declined about 3.7% in the last quarter. That follows declines of 9.7% in the first quarter and 5.5% in the second quarter, according to the Newspaper Association of America.

A third-quarter loss would make it the 17th quarter of straight declines for the newspaper business. The industry's decline over the last couple of years has been dramatic: Total revenues of $12.4 billion in the first half of 2010 are down 47.3% from $23.5 billion in the first half of 2006.

MediaPost reports that ad revenue from consumer magazines, newspapers, radio, and local ads from broadcast radio regionally, have recovered from last year, but at gains best described as "lackluster."  Moreover, the trend toward moving ad spending online has only increased.  

Thus, for online and mobile publications, the ad revenue future is very promising.  But this good climate also causes one to ask hard questions, like why is the online publication The Daily Beast losing a reported $10 million a year? (A number Salon's Scott Rosenberg disputes, but doesn't come up with an alternative loss estimate.)  

Stay tuned.

Simpson, Thacher & Bartlett LLP Loses Round in $100 M PrediWave Fraud Case

In the latest chapter of this complicated six-year-old tech industry story this blogger covered on March 22, 2010, the law firm Simpson, Thacher & Bartlett LLP (an 800-employee business litigation firm with offices in New York and Palo Alto, as well as seven other cities worldwide) lost another round in its attempt to "shut up" former PrediWave outside Director Jimmy Li. Li was attempting to investigate PrediWave company documents and conducting an investigation that would reveal the misconduct of Former Tech CEO Jianping “Tony” Qu, once the head of PrediWave Corporation.

Jianping “Tony” Qu was reported to have "taken off" with $100 million in bonuses, leased 30 cars and purchased a whopping 19 homes. Simpson, Thacher & Bartlett was alleged to have been involved in a cover-up of Mr. Qu's actions. Why? That's not known. Here's the timeline of original events, as repeated from this blogger's last post, but adjusted to make the story clearer:

1) Attorneys for Simpson Thacher became aware by December 1, 2004 that Mr. Qu was directing the sale of tens of millions of dollars of memory chips to PrediWave through a shell corporation whose profits were pocketed by Mr. Qu.

2) Simpson Thacher uncovered evidence showing that delivery records and price quotes from a non-existent Chinese company were falsified, while the memory chips themselves were purchased from a tech firm operating only a few miles from PrediWave’s Fremont headquarters.

3) Mr. Qu was paid a $25 million bonus in January 2005 while Simpson Thacher sat on the evidence it had gathered regarding his activities.

4) Attorneys for Simpson Thacher filed a lawsuit in May 2004 preventing two PrediWave directors, one of them PrediWave outside Director Jimmy Li, from reviewing company documents and conducting an investigation that would reveal Mr. Qu’s misconduct.

5) In 2005, Simpson Thacher chose to hire a private investigations firm, not for the purpose of exposing Mr. Qu’s actions, but to determine the probability of the fraud going public. Simpson Thacher never disclosed the results of that investigation to PrediWave’s board of directors, which included PrediWave outside Director Jimmy Li.

6) While serving as PrediWave’s counsel for only little over a year, Simpson Thacher billed over $16 million in legal fees. At the same time, Mr. Qu was receiving approximately $25 million in annual bonuses from a company that had recorded no sales and no profits.

Thus, there are two "bad guys" here: Mr. Qu and Simpson, Thacher & Bartlett LLP. The "good guy" is Jimmy Li, and thank to Justice Patricia Bamattre-Manoukian, of the Sixth District of the California Court of Appeal, the good guy's winning.

This is what the press release reports:

Justice Patricia Bamattre-Manoukian, writing on behalf of the Sixth District of the California Court of Appeal, affirmed the denial of Simpson Thacher’s motion in the malicious prosecution lawsuit brought by former PrediWave outside Director Jimmy Li. This is the latest in a string of adverse rulings against the law firm, which is facing charges of massive fraud leveled by its former client PrediWave. Li’s malicious prosecution lawsuit has been deemed a “related case” to the PrediWave fraud case by the Santa Clara Superior Court, where both cases are proceeding.

What's not explained is why  Simpson, Thacher & Bartlett, once a client of the now bankrupt PrediWave, would "sit on" the evidence against Mr. Qu, unless they were in on the "take" themselves.    In working to thwart investigation of the actions of Mr. Qu, Simpson, Thacher have worked to destroy the career and the reputation of Jimmy Li, and have failed, only throwing dirt on its own reputation in the process.

Stay tuned.

Eva Longoria and Tony Parker: Divorce Papers Filed After Cheating Scandal

Eva Longoria filed for divorce yesterday from her husband of 7 years, Tony Parker. The divorce is the result of Tony Parker getting caught with hundreds of text messages from a mutual friend of the couple. They haven't released who the other woman is but it's rumored that she is the wife of one of Tony Parker's teammates.

A representative of Eva Longoria denied the rumors that the couple was getting a divorce, but Eva Longoria filed the necessary paperwork the following day, Wednesday, November 16th. Eva Longoria cited, "irreconcilable differences" as her reason for seeking a divorce with NBA star Tony Parker.  The divorce papers also stated that the star of "Desperate Housewives" will be seeking spousal support from Tony Parker.  Whether or not this will happen though is unknown because the couple has a pre-nuptial agreement.

Longoria confirmed the impending divorce on her twitter account where she stated that "It is with great sadness that after 7 years together, Tony and I have decided to divorce. We love each other deeply and pray for each other’s happiness." 

This statement indicates that the decision was mutual.  "Tony and I have decided to divorce," yet many sources claim that Tony Parker is desperate to get Eva back.  This is of course all rumors, but given the fact that Eva Longoria is one of the most attractive human beings on the planet I'm betting that the rumors are true.  Why someone wouldn't do anything they could to keep Eva Longoria is beyond me.  Then again, why anyone would cheat on her in the first place is beyond me as well.  Whether or not the decision is mutual is inconsequential.  Many sources have reported that Eva Longoria is inconsolably heart broken over the betrayal.  A friend of hers reported that "Once the trust was gone. the marriage was over."

The silver lining in this whole situation?  Eva Longoria is soon to be single boys!  All kidding aside though it's tough when couples split up and hopefully they make it through the troubled times ahead.

John Bobst
www.theforceofnature.net
www.doyouseewhatyouget.com

John Bobst

Ryan Reynolds Sexiest Man Alive? Who Cares! Green Lantern And Scarlett!

Today is Ryan Reynolds day. The actor's scoring a rare double PR hit, being named People Magazine's Sexiest Man Alive, and starring as Hal Jordan in The Green Lantern Movie Trailer. But really, this blogger doesn't care about Ryan Reynolds's as "Sexiest Man Alive" because, given the Old Spice Commercial spoof from a few months ago that I was in, Ryan's met his match.

But Ryan Reynolds is definitely kick-ass in The Green Lantern Trailer. He plays a combination of the Top Gun fun loving white frat guy type and the person he transforms into: one of the Guardians of the Universe.

Here's the trailer:



Other than The Green Lantern, Ryan Reynolds is notable for being married to Iron Man II star Scarlett Johansson. This was an incredibly played role. OK, it wasn't a heavy part, but Scarlett stole every scene she was in. Here's a review of her work by Reelz Channel:



Ryan Reynolds, today's your day. Enjoy!