Friday, February 29, 2008
Vinny Mac flips the bird to Congress
Vincent Kennedy McMahon is a man who thinks he can overcome any obstacle. He shattered the industry's regional traditions in the 1980s by taking his company national and he beat back the corporate threat of Turner Broadcasting in the late 1990s when they surpassed him as the biggest name in the industry -- but the most relevant experience to present circumstances came in the period in between, when the federal government pursued him on felony steroid charges and he beat the rap.
Now, he's under the gun again as Congress is moving seamlessly from an investigation of MLB's shameful era to a peek at the man who may well have set the example for baseball's juiced-up days -- good old Vinny Mac. He defied an invitation to appear before Congress this past week and now the titans of Capitol Hill are angry.
We've talked about this looming case on The Lounge program for months now. With Democrats back in control of Congress, Henry Waxman now wields the gavel for the House Oversight and Government Reform Committee and he is, as we noted, probably the biggest egomaniac in a body full of them. Bobby Rush, the aggrieved party this week when VKM blew off Congress, is no shrinking violet himself.
Vince McMahon has overcome many obstacles in his life. Now, this is not to say that I admire him, because I don't, but I will admit (in a "give the devil his due kind of way") that he has won many high-powered battles in life. But he has never faced the combination of power, ego and thirst for election-year headlines that he'll eventually encounter in the U.S. House of Representatives. He's just arrogant enough to plunge into the perjury trap that is already being baited by Congressmen as we speak. I look for the insane old Irishman to continue to thumb his nose at Congress between now and the hearing he'll inevitably have to attend and that will just inflame his adversaries even more. When you consider the fact that Vince Senior had his promotional base of operations in the Potomac area back in the day, how ironic would it be for his son to have his Waterloo right there in D.C.?
Tuesday, February 12, 2008
Ron Paul to withdraw from presidential race
UPDATE: This was published as a straight news story, devoid of any editorializing. However, in response to many of the know-nothing reactions that this story has engendered in many quarters, we have created an FAQ section so that people may at least choose to avail themselves of basic facts and not embarrass themselves with baseless assertions.
Troubled by internal polls showing insurgent challenger Chris Peden having pulled ahead shockingly in the Texas 14th congressional district, Congressman Ron Paul will be pulling out of the Republican presidential race in advance of his home state's March 4 primary, The FDH Lounge blog has learned. This news comes from a source with access to Paul's congressional campaign and it parallels a recent move on the Democratic side of the White House run as fellow party establishment irritant Dennis Kucinich was forced to abandon his efforts in order to focus on a threat to his congressional seat. The key difference? Longtime Kucinich ally North Olmsted mayor Thomas O'Grady entered the race to split the vote, while Paul's refusal to engage in such tactics has backfired on him.
Peden's lead is extremely surprising given the vast disparity in resources between the campaigns, a divide that will only grow as Paul is able to divert funds contributed by his large base of small contributors to his presidential race back into the House of Representatives campaign. Over the past year, Paul's libertarian-based platform struck the most fiscally conservative note of any of the Republican aspirants, but it also contained an isolationist streak that put him at odds with the party base -- and those foreign policy views are currently the biggest problem for Paul in an extraordinarily conservative district. The irony is that Paul positioned himself as a determined upstart out to topple the powerful national establishment, but he himself has been the Goliath of the Texas 14th until very recently -- when the district's David, Chris Peden, amazed the world by forcing an end to his crusade for the White House, dubbed by his followers The Ron Paul Revolution.
Tuesday, January 1, 2008
Cleveland Athletic Club RIP
By Rick Morris
Over the last quarter-century,
As a department manager at the CAC in the late ‘90s, I had a front-row seat to the proceedings as this institution’s tailspin developed in earnest. The club had been losing members in droves to upstart competitors in the suburbs since the 1980s and the 1990 federal tax hike that removed the ability of businesses to write off club memberships on their tax returns (a classic empty class-war rap foisted on the American people by George H.W. Bush and the Democratic Congress that ended up hurting the “little guy” employees of private clubs much more than the “business barons” who were members). The downward spiral that ensued was somewhat predictable, as declining revenues led to dues increases and ever-increasing assessments on members – which led of course to fewer members and less revenue.
In 1997, faced with the absolute financial brink for the first time, the club decided to sell to investors and end their 89-year history as a member-run institution. The new ownership slashed membership prices dramatically as a near-term means of boosting the number of paying customers. The strategy was forged by the “turnaround specialists” who crafted a plan for the CAC along similar lines of previous corporate takeovers they had instituted, notwithstanding the vast differences between the CAC and conventional businesses (not coincidentally, this was the first of their attempted turnarounds to fail to succeed). From my perch as club pro and manager for the CAC bowling center (the unit that was the economic engine of the entire club, providing financial fuel for the entire enterprise through the prodigious bar bills of league bowlers and corporate events), I observed that most of the new members joined only because the club was now an affordable family expense and no level of improvement to club services was going to be sufficient for them to stay on when the membership rates rose again. Many of these people said this directly to me. But, faced with a new insular management team that wasn’t entertaining contrary observations, I wisely kept them to myself as did everyone else and did what I could to co-exist with the new order. Unchallenged by any of the holdover managers, the members enraptured by the "white knights" or anybody else, the regime embarked on a wild spending spree which included a huge new workout facility and a marble floor in the men’s locker room that cost into the millions!
As my fellow managers and I moved on to greener pastures professionally, we continued to monitor how the institution was faring. As far back as my tenure (1996-1998), the date December 31, 2007 was stamped on the consciousness of everyone associated with the CAC – because that was the date that the sweetheart deal on the 99-year lease signed in 1908 would expire. Given the worsening financial situation, everyone involved knew that a relatively favorable renewal of the lease would have to be reached in order for the situation to avoid tipping into the abyss. And that did not happen. The “snowball effect” of the negative financial situation in recent years led to the members having to assume control of the institution unexpectedly once again in 2006, and the urgent status quo before the acquisition in 1997 reemerged. Rising dues and assessments were necessary to meet the basic expenses – and membership dropped through the floor. Half-measures in terms of modified bankruptcy filings and the shutdown of the food and beverage operation were desperate attempts to stop what appeared to be inevitable. Ultimately, the clock ticking towards the end of the 99-year lease proved to be the final straw, as the insanely cheap rent negotiated towards the start of the previous century was never going to be even remotely feasible for a renewal.
As a student of history who understood and appreciated the lineage I was a part of during my time at the Cleveland Athletic Club, I am saddened by its passing. The bowling center I ran was in and of itself something extraordinary, an 8-lane house towering above downtown
I don’t wish for our blog to be a forum for pointing fingers by name at the decision-makers who ensured this fate over the last decade, that’s not how we operate here, but members and employees alike are showing no such reticence as they look back at the final chapters of the story. This is to be expected; if someone such as myself - on the outside for years - is disappointed at this outcome, imagine how those presently involved in any capacity feel at this time. The recriminations are flying fast and furious in the conversations these days and while some bear more blame than others, there does seem to be a decent amount to go around. This is because there were many people at the center of club operations over the years and a wide consensus that made possible the huge gamble that the financial doubling-down in terms of spending on facilities represented. The Euclid Corridor project, which is a massive transportation adjustment project that has torn through the heart of downtown for the past few years, is being blamed in part for putting a crimp in the wedding reception-hosting business, and there may be some truth in this, but decisions made at the club level far outweigh this outside factor in terms of the overall impact.
If for no other reason than the fact that the expiration date of the lease was etched on everyone’s mind long ago, it almost feels like fate to have the doors close for good at the stroke of
Tuesday, November 27, 2007
Many happy (WWE) returns
First, in October, it was Shawn Michaels. Then, after a long viral video campaign, last week it was Chris Jericho. Sunday night at Survivor Series it was Edge. Then, last night, it was Ric Flair. In a few weeks, it will be Bobby Lashley.
In each case, "it" is a returning superstar and previous main eventer being counted on to help revive the business. At a time when the WWE is facing Congressional hearings about its sham of a "wellness" program and when it is trying to shake the overall black cloud that has hovered since the Benoit family tragedy of the summer, these stars are being seen internally as key to a hoped-for reversal of fortune. In all likelihood, this is simply an extension of the delusions of grandeur that have persisted since the company self-destructed and killed the last wrestling boom in 2001 with the botched Austin turn and the fizzled Invasion (a missed opportunity that was the biggest self-inflicted wound in the industry's history).
The reason? Simple -- star power counts for nothing if it is not used properly. A sane, focused organization would be staggering these returns, pointing to WrestleMania 24 at the Citrus Bowl in Orlando as a culmination of the creative efforts. But in Vinny Mac's world, everything gets hot-shotted immediately and WrestleMania be damned. Apparently the plan will be to scribble the matches on a cocktail napkin in mid-March the same as always instead of employing a several-month build.
Think of the matches we're going to be seeing soon that should be held off for when they could matter much more: Jericho/Orton, Undertaker/Edge, Lashley/Kennedy. The hot-shotting of these returning stars (many of whom are coming back far ahead of the estimated recovery times for their injuries and who may be doing so unwisely) will have a poor effect on the business when the company tries in vain to find them fresh and compelling WrestleMania matches in a few months.
Here's a final bleak thought for those still hoping that the WWE can bring about another boom with business as usual: at the end of RAW on Monday night, WWE Champion Randy Orton was in the ring with Ric Flair. Three autumns ago, Orton was the champion and at odds with Flair and Jericho, albeit in opposite face/heel roles. For the incompetent creative crew employed by the McMahons, truly, the more things change, the more they stay the same.