Daily Beast guy Max Blumenthal reported earlier this evening that Sarah “Blood on Satan’s Claw” Palin “may have quit her job today because she was trying to avert a major, yet-to-be-disclosed corruption scandal. It concerns an Alaska building company called Spenard Building Supplies (SBS) having been awarded a contract by Palin to build a hockey arena in Wasilla, AK, and in return having helped construct Palin’s home.

“Many political observers in Alaska are fixated on rumors that federal investigators have been seizing paperwork from SBS in recent months, searching for evidence that Palin and her husband Todd steered lucrative contracts to the well-connected company in exchange for gifts like the construction of their home on pristine Lake Lucille in 2002. The home was built just two months before Palin began campaigning for governor, a job which would have provided her enhanced power to grant building contracts in the wide open state.

“SBS has close ties to the Palins. The company has not only sponsored Todd Palin‘s snowmobile team, according to the Village Voice‘s Wayne Barrett, it hired Sarah Palin to do a statewide television commercial in 2004.

“Though Todd Palin told Fox News he built his Lake Lucille home with the help of a few ‘buddies,’ according to Barrett’s report, public records revealed that SBS supplied the materials for the house. While serving as mayor of Wasilla, Sarah Palin blocked an initiative that would have required the public filing of building permits–thus momentarily preventing the revelation of such suspicious information.

“Just months before Palin left city hall to campaign for governor, she awarded a contract to SBS to help build the $13 million Wasilla Sports Complex. The most expensive building project in Wasilla history, the complex cost the city an addition $1.3 million in legal fees and threw it into severe long-term debt. For SBS, however, the bloated and bungled project was a cash cow.

Alaska bloggers have reported in recent weeks that “a long simmering embezzlement/IRS scandal is still being looked at by the feds.”

“In her press conference today, Palin asked the public to ‘trust me with this decision and know that it is no more politics as usual.’ But she also bemoaned ‘political operatives’ who have ‘descended on Alaska’ to investigate ‘all sorts of frivolous ethics violations.”‘ Palin said this ‘politics of personal destruction‘ was one of the key motivating factors behind her decision today.”

From Alaskan blogger “AK Muckraker” via Huffington Post, posted on 7.4:

“Then there is the other matter. In Alaska it’s become known as ‘the iceberg.’ Rumored to be a piece of news that’s so damaging, and so big, it will sink the S.S. Palin. The rumors also exist that it’s coming soon. Speculation about IRS problems, issues with other three-letter organizations, more ethics complaints, and embezzlement abound. Questions have been raised about the construction of Palin’s house by a bunch of Todd’s buddies, at the same time that a giant sports complex was being built in Wasilla, and right after building codes had been abolished by the then mayor of Wasilla, one Sarah Palin. Do we know anything for sure? No. But a recent claim that the breaking of this scandal is imminent seems coincidental to say the least.”

“The first thing you need to know about Goldman Sachs is that it’s everywhere,” writes Rolling Stone‘s Matt Taibbi in a 7.2 posting called “The Great American Bubble Machine.”

It’s a tough, exacting, unmerciful portrait of a bunch of really bad guys. If Michael Moore doesn’t use Taibbi as a key talking head in his forthcoming financial meltdown doc, he’ll have made a mistake. Taibbi has really made a name for himself with this and his previous piece about the biggest theft in U.S. history.

“The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”

“Any attempt to construct a narrative around all the former Goldmanites in influential positions quickly becomes an absurd and pointless exercise, like trying to make a list of everything. What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain — an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.

“They achieve this using the same playbook over and over again. The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. Then they hoover up vast sums from the middle and lower floors of society with the aid of a crippled and corrupt state that allows it to rewrite the rules in exchange for the relative pennies the bank throws at political patronage.

“Finally, when it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again, riding in to rescue us all by lending us back our own money at interest, selling themselves as men above greed, just a bunch of really smart guys keeping the wheels greased. They’ve been pulling this same stunt over and over since the 1920s — and now they’re preparing to do it again, creating what may be the biggest and most audacious bubble yet.”

In a decently shot-and-cut video conversation, Entertainment Weekly critics Owen Gleiberman and Lisa Schwarzbaum take turns ripping Public Enemies. A guy told me that Owen addresses that claim I made when we discussed it last week — i.e., “it’s an art film!” But the wifi is so shitty up here in Walton that I can’t watch video.

Ariel Levy has written a fair-minded, precisely observed and super-readable profile of Julie & Julia director-writer Nora Ephron in the 7.6.09 issue of The New Yorker . You’ll need a subscription or a daypass (or whatever they call it) to read the full article, but trust me — an excellent read.

That said, I’d be derelict if I didn’t quote the last three paragraphs, which describe this August 7th Sony release, which costars Meryl Streep and Amy Adams, as half-transcendent and half-flat.

“I feel bad about what I’m going to do here,” Ariel begins, aping a phrase that Ephron herself used in a scathing profile of former New York Post publisher Dorothy Schiff. “But the truth is, Julie & Julia is not a fair fight.

“For half he film we are in Paris with Julia Child played by Meryl Streep [italics hers]. It is pretty transcendent. For the other half, we are stuck in Long Island City, Queens, with the ‘lowly cubicle worker’ Julie Powell, a character who is immature, self-pitying, and frazzled (which is to say, an average human being). Powell is played by Amy Adams, who is a talented actress, but she is up against the queen herself.

“When Adams, as Julie, is on the screen, it necessarily means that Streep, as Julia, is not, and you come to resent her for this.

“It is possible that the film would not have worked if it were simply a biopic of Julia Child — that it derives its narrative thrust and commercial potential from the interplay between a young woman idolizing and relying upon Child in the more-or-less present and the splendid story of Julia Child’s past. Perhaps Child is able to emerge in this film as an almost mythical creature because she is presented in contrast to a mere mortal.

“But there may be another reason the Julia Child portions of Julie & Julia are so irresistably vivid and the Julie Powell bits feel a little flat. It is possible that Nora Ephron no longer understands half as well what it’s like to be ordinary as she understands being remarkable.

“How would she?”

As you might guess, the kicker works much better if you’ve read the entire piece.

Jim Sheridan‘s long-delayed Brothers, initially regarded as a 12.4.08 release before being bumped into ’09, finally has a trailer up and running. Once upon a time the expectations for this domestic drama were very high, at least for the Sheridan fans among us. I couldn’t wait to see it, but the stalls and duck-outs have persuaded most of us that something must be wrong.

As noted several times before on HE, Brothers is a remake of Susanne Bier‘s 2004 Danish-language original about a younger “bad” brother (Jake Gyllenhaal in Sheridan’s version) stepping into the familial shoes of his older “good” brother (Tobwet Maguire) after the latter disappears during an enemy skirmish in Afghanistan.

Natalie Portman plays the wife-mother whose loyalties shift, or at least adapt to new realities. Sam Shepard plays the gruff and disapproving pater familias, the father of Gyllenhaal and Maguire. David Benioff (The Kite Runner, The 25th Hour) adapted the screenplay.

Sarah Palin‘s decision to resign from the Alaska governorship means she’s done, finito…a political corpse. If you have a job or a responsibility, you don’t walk away. That’s the responsible American way. You do your best and see it through as best you can. Unless…you know, you’re emotionally unbalanced and unable to man up and do the thing. Either way you’ve lost all credibility.

NBC’s Andrea Mitchell has just said that she’s heard Palin has told friends that “she’s out of politics, period…she doesn’t want to seek elective office.”

My first reaction — hell, everyone’s first reaction — was that nobody resigns from a major political office unless they’ve been pressured or squeezed out. Something clearly “happened.” Perhaps there’s some kind of smoking gun yet to be revealed? Or…this sounds silly and reaching but could Todd Purdum‘s Vanity Fair piece be responsible to some degree?

This from Rolling Stone:

“WTF? Sarah Palin has pulled the plug on her governorship. Before the end of her only term. At an impromptu press conference. At her house. On a Friday. Before the 4th of July. And refuses to answer questions.

“This is not in keeping with a woman with presidential ambitions.

“And certainly not in keeping with a politician who has learned to milk a media frenzy for every last drop (see Letterman, David.)

“No. This has the hallmarks of a politician slinking away before the shit hits the fan.

“Really. If this were some double-bank-shot designed to bolster her presidential standing (as the AP seems to suggest) would Sarah Palin choose to duck out on the first day of a three-day weekend? When the entire American mediaplex is off buying ice for the cooler?

“No way.

“Another shoe is about to drop, but what is it?

A few days ago I posted a short piece about a letter posted by Carson Reeves‘ Scriptshadow that seemed to come from the Soderbergh side of the fence about the Moneyball shutdown. But that was only the beginning.

Reeves soon after removed this letter after threat of legal action. But an HE reader who’d copied the original letter pasted it into the HE comments section after the Scriptshadow deletion. Which led to my being told by the same people (not Sony legal, apparently) that the letter had to be removed because it was extremely actionable. I didn’t see how or why, but I took it down anyway after talking it over with friends.

I never got into what was said in the letter, but MCN’s David Poland has posted an intelligent inquiry piece that addresses asome of the issues rasied by iut, and in so doing he takes a swipe at sites whose reportings about the episode have more or less given Soderbergh the back of their hands.

“Movies die every day,” Poland writes. “Feelings and careers are hurt. (Over 200 people were put out of work unexpectedly by [the Moneyball] cancellation.) But the cheap slaps at Soderbergh are way over the top and as unnecessary as slapping down someone you just fired with gossipy attacks (even if accurate), adding insult to injury. Hollywood treats artists like shit because of money and ego. But there is no excuse for those of us who cover the industry to be equally venal.”

Original Post:

Scriptshadow‘s Carson Reeves today posted a favorable-to-Steven Soderbergh perspective [dead link]the Sony/Moneyball meltdown that sounds — emphasis on that word — fairly knowledgable and well informed. It comes, he says, “from someone very close to the project.”

In a preface Reeves writes that “in real life there are two sides to every story, but in Hollywood there are a dozen [and] it seems that this thing is way more complicated than just ‘your draft/my draft.'”

This latest perspective argues with Reeves’ own view that Sony chief Amy Pascal reacted reasonably to Soderbergh having turned Zallian’s allegedly “solid” Moneyball script “into an incomprehensible mess.”