I often save what I’ll term a “fragmentary tip” because of the subject matter. From my standpoint writing for Slabbed this is a warm and fuzzy moment because almost exactly 3 years ago to the day I got a tip alluding to a connection between Northshore businessman Bay Ingram, Ted Cain along with certain high profile targets of a now defunct Federal criminal investigation that I will not name at this time. Armed with that fragmentary tip and with the magic of the right google search strings Slabbed can verify the connection Mssrs. Ingram and Cain mutually share. Let’s begin with some must read links:
A major contributor to Gov. Bobby Jindal’s campaign, Ingram was appointed by Jindal to the state Mineral Board in March 2008. A the time he was listed as being the president of Healthcare Holdings of Louisiana and Ingram Investments.
In 2006, Ingram was caught up in a controversy involving the sale of a former golf practice facility along Interstate 12 near Slidell to St. Tammany Parish Sheriff Jack Strain’s office.
Ingram and frequent business partner Don McMath bought the property for $2 million, then sold it to the sheriff’s office for $2.4 million a few hours later. Strain defended the move as a good value for the money.
Ingram is a man that got around in metro New Orleans business circles and was very active in the healthcare industry on the Northshore including bringing Doctors’ Hospital in Slidell out of bankruptcy with a capital infusion. As a young man in his 20s he owned Bimini Bay in Slidell for those that remember that particular Slidell drinking establishment. Before I make the connection there is some additional vital background that is revealing IMHO:
In the BP case, federal prosecutors say Ingram fabricated documents to grossly over bill the oil giant for a helicopter and helipads used to help the St. Bernard Parish Sheriff’s Office do recovery work after the April 2010 oil spill. Ingram invoiced BP for more than $1.4 million despite never receiving proper approval for use of the helicopter. Once BP denied payment, Ingram enlisted the help of then-Sheriff Jack Stephens to press the company and eventually sued BP. But according to the bill of information filed against him, Ingram had falsified flight logs and forged documents provided to BP.
Like I’ve consistently said folks, Congressman Steve Scalise will meet with anyone to discuss public policy, including corrupt former big city mayors like Marc Morial per Bruce Alpert’s report for NOLA.com.
I imagine the good folks over in New Orleans at the port are still cuttin’ backflips over nabbing Chiquita’s port operations from the Port of Gulfport. Not that I’d want to wet blanket things but since I am a made banaman from way far back it only took me a few seconds with Google to nab the salient links:
“I believe this is the most important strategic and transformational move the company has made in decades,” said Fernando Aguirre, chairman and chief executive officer of Chiquita Brands International. “Fresh Express fits seamlessly into our sustainable growth strategy to become a world-class, consumer-driven leader of branded produce by building a high-performance organization, strengthening our core business and, most importantly, pursuing profitable growth.
Aguirre continued, “In addition to diversifying earnings, this transaction should accelerate our path to profitable growth, creating a unique opportunity to cross-sell our existing products, leveraging the excellent retail customer relationships of both companies and the foodservice expertise of Fresh Express. By acquiring an established national infrastructure and state-of- the-art technology, we gain immediate scale and an effective platform to launch new products throughout North America, including the ability to accelerate national distribution of fresh-cut fruit.” The company expects to promptly convert all fruit-based products to the Chiquita brand and retain the Fresh Express brand for value-added salads.
“Importantly, this acquisition meets our financial criteria, including average EBITDA margins that exceed 10 percent and a solid record of revenue growth, profitability and strong cash flows. There’s also a great opportunity to realize cost synergies of at least $20 million annually,” said Jay Braukman, Chiquita’s senior vice president and chief financial officer.
As seemingly everyone in the two state area now knows, Chiquita is vacating the Port of Gulfport in favor of the Port of New Orleans and the Slabbed Nation is clamoring for some sage analysis. As luck would have it, my becoming a bananaman derives from the same event from which the name of this website derives, Hurricane Katrina. Everyone knows that Chiquita imports bananas into the US via Gulfport’s (soon to be New Orleans) Break Bulk cargo facility from Central America. The company backhauls huge paper rolls to Central America that are used to make the banana boxes used for shipping. Here is what my neighborhood looked like after the storm when the rocket scientists at the Port made the call to leave everything in place before the storm:
Most of the rolls clustered at Broad Street and Highway 90 but a few even made it to my neighborhood proper:
I hope everyone enjoyed the wonderful stretch of weather since late last week. I managed to spend copious amounts of time outdoors plus there was a visit with my peeps in Lamar/Marion County. First up was the game Friday night and that attracted field politicians. Check it out below.
I was floored to the response to my vague post on DMR’s Phil Bass and I’m gratified I have so many readers here in Mississippi that took time to introduce themselves over the weekend. Time is short for me so here are a boatload of links:
Watching all the contortions involved with the Jefferson Parish council trying to wish this issue away is amusing. Now supposedly it is the Black Chamber of Commerce who is worried that instituting professional procurement practices in Louisiana second largest Parish and the end of pay to play style procurement will somehow hurt them. Chris Robert’s briefcase boy Mark Spears has point on this one folks.
So it turns out the lease on the Legion property was not expired as previously claimed by American Legion post Commander Clayton Thompson. Something tells me the bathrooms are gonna be built lawsuit or not. And in a blast from the past for that particular intersection I conclude with the following:
“The six council members knew nothing of the agreement until after the grant was received,” said city attorney W. Fred Hornsby III. The council could have chosen not to pay Maxwell-Walker, he said, but agreed to give the firm the standard 6 percent finder’s fee of $180,000 for the grant.
The payment to Maxwell-Walker was not discussed in an open council meeting, only in executive session, Janus said.
Rather than putting a resolution for payment on the budget, it was added to the Dec. 20, 2011, docket of claims with the city’s other bills.
Emails reviewed by The Advocate show the Jindal administration told legislative staff last year that an unfavorable appraisal on state-owned land near the State Capitol was unavailable because it had been “discarded.”
State Sen. Gerald Long’s staff asked for the appraisal while preparing for a public hearing on Gov. Bobby Jindal’s bid to sell 17 lots bounded by North Fifth Street, State Capitol Drive, North Sixth Street and Lakeland Drive.
Jindal initially hoped to generate $5 million by selling the property that once was home to Huey P. Long’s alleged assassin and now holds a parking garage.
An appraisal dated Jan. 17, 2012, by Sharon D. Pruitt valued the property at $4.9 million. The appraisal was unusable by the summer because state law requires an appraisal to be obtained within six months before the sale of state-owned land. A subsequent appraisal, by Cook, Moore and Associates, valued the property at $2.8 million.
Today I’ll highlight some of the main stream media reporting on the trial and I am going to draw a sharp line and differentiate the reporting. First up though we need to examine what got everyone into Judge Feldman’s courtroom, one that is very plaintiff unfriendly if said plaintiff is an individual suing an insurance company.
Gullibility is a failure of social intelligence in which a person is easily tricked or manipulated into an ill-advised course of action. It is closely related to credulity, which is the tendency to believe unlikely propositions that are unsupported by evidence.
Classes of people especially vulnerable to exploitation due to gullibility include children, the elderly, and the developmentally disabled
I was tempted to sign into my wiki account and add the words “and National Media” because they made this lawsuit in a way back in 2010 by giving Costner huge amounts of free publicity when he showed up on the Gulf Coast like a fly circling a fresh cow pie after the oil spill. Notice I used the term “publicity” instead of “news” because the reporting was uncritical and 100% derived from controlled tests of Costner’s centrifuge technology, which were not previously commercially viable and was not used to any effect in the 2010 oil spill.