Jackson’s
estate signs $250M contract
Nine months after Michael Jackson’s death, his estate has signed one of
the biggest recording contracts in history, giving Sony, Mr. Jackson’s
longtime label, the rights to sell his back catalog and draw on a large
vault of unheard recordings. The deal, for about 10 recordings through
2017, will guarantee the Jackson estate up to $250 million in advances
and other payments and offer an especially high royalty rate for sales
both inside and outside the United States, according to people with
knowledge of the contract who spoke anonymously because they were not
authorized to speak about it publicly. It also allows Sony and the
estate to collaborate on a wide range of lucrative licensing
arrangements, like the use of Jackson music for films, television and
stage shows and lines of memorabilia that will be limited only by the
imagination of the estate and the demand of a hungry worldwide market.
(Continue Reading…)
Wyclef
paid mistress with Yele Haiti funds?
According to reports, former Fugee Wyclef Jean paid his mistress a
six-figure salary using funds from his charitable organization, Yele.
The alleged mistress, Zakiya Khatou-Chevassus, was paid $105,000 as an
independent contractor, working on the charity in 2008. “She worked for
Wyclef on all Wyclef matters,” a source, told website Gawker. “She did
whatever Wyclef needed that day, whether it was related to Yele or not.
She would do things like book flights, and she wasn’t very good at it.
It’s a shame that she made that much money.” (Continue
Reading…)
African
Americans get fewer heart-protecting drugs
Even within the Veterans Affairs health system, where everyone should
have the same access to care, African Americans are less likely than
their white counterparts to be prescribed heart-protecting medications
or undergo bypass surgery to treat blocked heart arteries, a new study
finds. The findings, based on data for nearly 475,000 VA patients, found
that African Americans had lower rates of prescriptions for
cholesterol-lowering statins, as well as ACE inhibitors and
beta-blockers used to treat high blood pressure and certain heart
problems. They were, however, more likely than white patients to be on
aspirin.
(Continue Reading…)
Morning News 01.06.2011
Obama Narrows in on New Advisers
The president will probably choose Clinton-era officials to serve as White House chief of staff and chief economic adviser.
Read original story in The New York Times | Thursday, Jan. 6, 2011
U.S. to Send More Troops to Afghanistan
1,400 marines will be sent to boost the surge before troops begin exiting in July.
Read original story in The Wall Street Journal | Thursday, Jan. 6, 2011
Passengers Foil Airline Hijacker
A man on a Turkish Airlines flight declared he had a bomb, and was promptly restrained by his fellow passengers.
Read original story in Reuters | Thursday, Jan. 6, 2011
Investors Clamor for Facebook Shares
Goldman has had to start turning away frenzied investors hungry for a piece of the Facebook pie.
Read original story in The Wall Street Journal | Thursday, Jan. 6, 2011
Obama's Oil Spill Commission: It Wasn't Just BP
BP, Transocean and Halliburton were all guilty of mistakes that could happen again.
Read original story in The Washington Post | Thursday, Jan. 6, 2011
Starbucks Changes Logo
The coffee company is stripping "Starbucks Coffee" from its logo, leaving only the two-tailed siren to grace its cups.
Read original story in Reuters | Thursday, Jan. 6, 2011
LinkedIn to Go Public in 2011
The business networking site is hoping to hold an IPO before Facebook does.
Read original story in Reuters | Thursday, Jan. 6, 2011
Ark Encounter Goes Green
From geothermal heating to rainwater collection, the creation park in Kentucky will feature the latest in green building technology.
Read original story in The Washington Post | Thursday, Jan. 6, 2011
Boehner Elected House Speaker
After being designated the Republican nominee for the Speaker of the House in November, Rep. John A. Boehner (R-OH) officially took over the role from Rep. Nancy Pelosi (D-CA) following his formal election this afternoon.
Read original story in The Washington Post | Wednesday, Jan. 5, 2011
Student Opens Fire at Omaha High School
A student opened fire at an Omaha High School on Wednesday and wounded two adults.
Read original story in Associated Press | Wednesday, Jan. 5, 2011
Anti-U.S. Cleric Returns to Iraq
After three years of voluntary exile in Iran, a radical Muslim cleric who led attacks against U.S. troops after the fall of Saddam Hussein's government in 2003 has returned to Iraq.
Read original story in New York Times | Wednesday, Jan. 5, 2011
Babe Creator Dick King-Smith Dies
Dick King-Smith, author of the book that inspired the movie Babe, has died at age 88.
Read original story in BBC | Wednesday, Jan. 5, 2011
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