Powered by Max Banner Ads
U.S. To Buy Stakes In Nation’s Nine Largest Banks
The Wall Street Journal is reporting that the U.S. government has decided to buy stakes in nine of the nation’s largest banks.
The U.S. government is expected to take stakes in nine of the nation’s top financial institutions as part of a new plan to restore confidence to the battered U.S. banking system, a far-reaching effort that puts the government’s guarantee behind the basic plumbing of financial markets.
This move comes on the heels of the British government’s decision to buy stakes in their countries largest banks.
Rapper Lil’ Wayne Too Greedy To Perform at “Stop the Violence Event”
TMZ is reporting that rapper Lil’ Wayne was overcome with greed last night and refused to play a concert that was for a good cause.
The concert was being promoted as a “Stop the Violence” event, inspired because of eight gang-related murders in the small community of Wilmington, NC. Lil’ Wayne was the draw, with ministers and local celebrities taking the stage to speak out against violence.
They were expecting a crowd of around 3,000 people who had paid $40 for floor seats and $30 for balcony, but only about 1,000 kids showed up.
As a result of the low turnout, Lil’ Wayne, who had been paid a part of his fee up front, wasn’t able to collect the rest of his fee. The rapper then sat backstage for around three hours waiting for a crowd to arrive.
When the crowd didn’t grow, about 80 sheriffs and officers in attendance offered to raise the money themselves to get Wayne to perform! The extra dough couldn’t be raised until Monday, which wasn’t good enough for the rapper, who left without appearing.
Normally, I wouldn’t blame anyone for making sure their money situation is correct. In this case he was only owed around $2,000 or so, and the concert was for a good cause.
Lil’ Wayne is a multi-millionaire who wouldn’t even perform a few songs at a “Stop The Violence” concert, because he was owed a couple of thousand dollars.
Even worse, Mitchell Entertainment Group — who fought to make the concert happen and to have Lil’ Wayne appear, now has to deal with refunding tens of thousands of dollars to irate concert goers.
Thanks to Lil’ Wayne that event was more likely to start the violence than stop it.
-Chris Jones
Michael Vick Must Repay $20 Million From NFL Bonus
The Atlanta Falcons are entitled to recover nearly $20 million in bonus money paid to disgraced quarterback Michael Vick, an arbitrator ruled Tuesday. The players’ union vowed to appeal.
Former Hewlett-Packard CEO Joins New Fox Business Channel
Carly Fiorina, the former CEO of computer and printer maker Hewlett- Packard Co., has signed on as a contributor with Fox News’ soon-to- launch business news channel, the media company announced Tuesday.
Fiorina had a reputation as one of corporate America’s most divisive figures during nearly six years at Palo Alto-based HP. Her role at the new channel is not clear, but the new business channel is expected to officially launch next week.
“We are proud to have her join FBN as a contributor,” Kevin Magee, Fox News’ executive vice president, said in a statement. “Carly Fiorina is one of the foremost business leaders of our time.”
HP severed its ties with Fiorina in February 2005 amid complaints that her hard fought acquisition of Compaq Computer Corp. by HP wasn’t proving beneficial to the company.
Her firing netted Fiorina a severance package of more than $21 million and helped fuel the publication last year of her best-selling memoir, “Tough Choices.”
Fox News, an arm of Rupert Murdoch’s News Corp. media conglomerate, is looking to shake up the business news industry with the Fox Business Channel, slated to launch Oct. 15 in about 34 million homes as a competitor to CNBC, which is owned by General Electric Co.’s NBC Universal unit.
Posts
