This post was archived from createpositivechange.org/. View the original on the Wayback Machine.
Tag: Countrywide
-
Blackstone’s Peterson starts doling out a fortune
The Nuclear Threat Initiative may soon receive a big boost from the deep-pocketed Peter Peterson.
Peterson today announced the establishment of a foundation whose aims include stopping the proliferation of nuclear weapons. (Story continues below interactive map.)
MAP HINTS: Click expands a name. Control+Click centers map on a name. Solid lines are current relations. Dotted lines are former relations. For advanced tools choose Tools > Options from the menu at top. More help. Not seeing the maps? Please go here to check for the latest version of Java.
Peterson reaped $1.8 billion through the IPO of Blackstone Group, which he chairs. After a career that included a stint as commerce secretary under Richard Nixon, he is now ready to start giving away the bulk of his fortune.He has committed $1 billion to the foundation, which will be headed David Walker, who is currently U.S. comptroller general.
Peterson is a former chair of the Nuclear Threat Initiative, which was founded by two Georgians – former Sen. Sam Nunn and CNN founder Ted Turner, who is a major contributor to the group.
The organization’s aim is to strengthen global security by preventing the spread of nuclear, biological and chemical weapons. Its board is made up of high-profile figures from the U.S. and abroad, including former defense secretary William Perry, Sen. Richard Lugar and Prince El Hassan bin Talal of Jordan. Warren Buffett is an adviser.
The group has raised awareness about the issue through projects such as a film called Last Best Chance, which described how terrorists might buy or steal the materials to make a nuclear bomb, assemble it and smuggle it into the U.S. The movie featured Fred Thompson playing a sage and somber president, described by the New Yorker in 2005 as “the one jarringly unrealistic note in the picture.”
Last month, the Google Foundation announced a $2.5 million grant to the initiative, for a program addressing infectious disease in southeast Asia.
Prior grants to the organization include $7 million from the Susan Thompson Buffett Foundation, $3.2 million from the Better World Fund and $750,000 from the Bill and Melinda Gates Foundation.
Read related stories: News · Philanthropy
-
Tisch Group Lobbies Hard for Tax Cuts
This post was archived from createpositivechange.org/. View the original on the Wayback Machine.
-
Jon Stewart’s teleprompter is working again
After 100 days without writers, TV shows began to return to normal yesterday after most of the striking writers voted to return to work.
Writers for Comedy Central’s The Daily Show were back to work on Wednesday morning, making Jon Stewart one of the first late-night hosts to return to his pre-strike glory.
Before cameras rolled in the Manhattan studio, Stewart seemed pretty pumped up. Bruce Springsteen’s “Born to Run” blared, and he mouthed lyrics and drummed along on his desk while looking over his first script in more than three months. (Story continues below interactive map.)
MAP HINTS: Click expands a name. Control+Click centers map on a name. Solid lines are current relations. Dotted lines are former relations. For advanced tools choose Tools > Options from the menu at top. More help. Not seeing the maps? Please go here to check for the latest version of Java.Stewart began his newscast musing, “Words in the prompter, script on my desk, vending machine upstairs out of Funyuns … The writers are back!” After a celebratory dance, and loud cheers from his studio audience, he announced, “It is no longer ‘A Daily Show’ It is once again, The Daily Show! We’re back, baby!”
The Associated Press reports that ratings for The Daily Show and The Colbert Report haven’t actually been hurt by the strike. The Daily Show has had around the same number of viewers this January as in 2007 (1.6 million), and The Colbert Report viewers have gone up 6 percent from last year.
It’s possible that Stewart and Stephen Colbert can pull off their own jokes without relying as heavily on their writers.
At yesterday’s Daily Show, Stewart and Colbert riffed for a while via telecast before settling in to tape the segment the writers had prepared for them, which joked about a coffee-getters union strike. The joke was a little forced in comparison with the hosts’ off-the-cuff banter.
After The Daily Show wrapped for Wednesday, the studio audience got to watch Stewart tape the introduction for The Daily Show: Global Edition, which is filmed once a week. This time, Stewart’s opening joke was improvised, inspired by a question an audience member asked him before the show began.
Is it possible that Stewart’s better without a script?
Read related stories: Entertainment · Television
1 Comments
-
#1. Gunnar Jacobson 02.14.2008
No way! Yesterday’s show was much funnier than non-writers’ shows.
Leave a Comment
-
-
Kerry Killinger sets the tone at Washington Mutual
Troubled Washington Mutual, the nation’s largest savings and loan, has seen its stock price nearly double from its lows over the past month. Takeover speculation has certainly helped, as have the Federal Reserve’s interest rate cuts.
But don’t discount the importance of the message chairman and CEO Kerry Killinger sent when he decided not to take a 2007 bonus that he had earned. Executives at other companies caught in the real estate mess — Countywide Financial and D.R. Horton, for example — have not set the same tone of accountability. (Story continues below interactive map.)
MAP HINTS: Click expands a name. Control+Click centers map on a name. Solid lines are current relations. Dotted lines are former relations. For advanced tools choose Tools > Options from the menu at top. More help. Not seeing the maps? Please go here to check for the latest version of Java.Killinger, who also sits on the board of Safeco, qualified for a 2007 bonus of $1.2 million, about a third of his target level, based on Washington Mutual’s financial performance for the year. His 2006 bonus was $4 million.
President Stephen Rotella and CFO Thomas Casey will receive bonuses for 2007, but Washington Mutual said its executives would forfeit two-thirds of their restricted stock awards for the year.
This week, Killinger estimated that Washington Mutual’s net interest income increases by $150 million for every quarter-point cut by the Fed. Doing the math, the 1.25 points the Fed shaved in January equals $750 million.
More Fed cuts could follow.
In late December, we wrote about how the directors at Washington Mutual were staying the course in troubled times. Five weeks later, that appears to be a solid approach.
Read related stories: Business · Mortgage · Subprime
1 Comments
-
#1. steven copp 02.02.2008
wm is more soild that you think ,in if fact you will see $25.00 stock within 60 day even before the next fed cut .there were push down hard with cfc news now jump on before you miss out
Leave a Comment
-
-
Microsoft offers $44.6 billion for Yahoo!
Such a deal has long been speculated about because of Yahoo’s sagging prospects. This morning Microsoft made it a reality by offering $44.6 billion ($31 a share) for Yahoo! That’s more than a 60 percent premium over Yahoo’s closing price Thursday.
Henry Blodgett over at Silicon Alley Insider calls it a “brilliant” move by Microsoft. (Story continues below interactive map.)
MAP HINTS: Click expands a name. Control+Click centers map on a name. Solid lines are current relations. Dotted lines are former relations. For advanced tools choose Tools > Options from the menu at top. More help. Not seeing the maps? Please go here to check for the latest version of Java.The two companies currently share a strong direct link. Maggie Wilderotter, a member of the Yahoo! board of directors, is a former senior vice president at Microsoft.
She is chairman and CEO of Citizens Communications and a director for Xerox and Tribune Co.
Read related stories: Business · Internet · Media
1 Comments
-
#1. WeCanChangeTheWorld 02.01.2008
Great, just in time to make my skeletal muckety social network map of the Big Eight media corporations interlinking directorships outdated. http://wecanchangetheworld.wordpress.com/2008/01/31/the-8-mega-media-corporations-sony-added-in-as-a-bonus-makes-9-skeletally-mapped-on-muckety/
Leave a Comment
-
-
Boeing and Lockheed Join Forces on Bomber Project
This post was archived from createpositivechange.org/. View the original on the Wayback Machine.
-
Henry Louis Gates Heads New Washington Post Site
This post was archived from createpositivechange.org/. View the original on the Wayback Machine.
-
Tamara Mellon Sues Mother Over Jimmy Choo Stock
This post was archived from createpositivechange.org/. View the original on the Wayback Machine.
-
Rezko Ties Haunt Obama
This post was archived from createpositivechange.org/. View the original on the Wayback Machine.
1 Comments
#1. Kim 02.15.2008
Prince El Hassan bin Talal is the antichrist and will soon become the ruler of the world.
Leave a Comment