In today’s top news, President Obama called for concrete proposals on how to end gun violence by January, police are on the hunt for two escaped bank robbers in Chicago and Al Sharpton stressed the nation’s need to limit access to high-powered weapons.
President Obama called for concrete proposals on how to end gun violence by January. [NBCNews]
Police are on the hunt for two escaped bank robbers in Chicago. [GMA]
Al Sharpton stressed the nation’s need to limit access to high-powered weapons. [BET]
Wacka Flocka Flame was ordered to pay $500,000 to a shooting victim. [BET]
NBA legend Shaquille O’Neal is launching a vodka line soon. [BET]
HBO has plans to adapt the Alicia Keys-produced play Stick Fly into a film. [Grio]
An Australian resort owner has banned Tiger Woods. [Yahoo!]
A Texas state trooper has been suspended for subjecting two women to roadside cavity searches. [NBCNews]
Ben Affleck testified before Congress, urging action in the Democratic Republic of Congo. [VOA]
A group of extremely tall Sudanese basketball players have been cleared to play at an Illinois high school. [NBCChicago]
In today’s top news, Cissy Houston paid tribute to her legendary daughter at this year’s BET Awards, Rev. Al Sharpton called Rodney King a “symbol of forgiveness” at King’s memorial service this weekend and Lauren London joins the cast of The Game.
Cissy Houston paid tribute to her legendary daughter at this year’s BET Awards. [BET]
Rev. Al Sharpton called Rodney King a “symbol of forgiveness” at King’s memorial service this weekend. [AP]
In today’s top news, Sanford Police Chief Bill Lee was sacked amid Trayvon Martin case criticism, Attorney General Eric Holder was found in contempt of Congress for his handling of the “Fast and Furious” gun trafficking program and the Southern Baptist Convention declares gay rights are not civil rights.
Sanford Police Chief Bill Lee was sacked amid Trayvon Martin case criticism. [BET]
Attorney Genral Eric Holder was found in contempt of Congress for his handling of the “Fast and Furious” gun trafficking program. [BET]
The Southern Baptist Convention declares gay rights are not civil rights. [AP]
New York City’s Black residents left out of the city’s jobs rebound. [NYT]
Half of all new HIV diagnoses occur in the South. [BET]
Exposure to traffic noise has been linked with heart attacks. [WHAM]
Floyd Mayweather Jr. has replaced Tiger Woods as the highest paid athlete. [LATimes]
A judge has thrown out three of 51 child sex abuse charges lodged against former Penn. State football coach Jerry Sandusky. [AP]
The Ugandan government bans 38 NGOs it has accused of promoting gay rights. [CNN]
Two South African hostage, captured by Somali pirates, have been freed after 20 months of captivity. [BBC]
This morning Tiger Woods told his family, friends and fans that he is “deeply sorry” for his selfish and irresponsible behavior, and admitting to affairs. Woods spoke from the clubhouse at the TPC Sawgrass, home of the PGA Tour. About 40 people joined the pro-golfrer the room, including his mother. His wife was not there. Woods says he is solely responsible for his actions and was in treatment for 45 days and will return for more therapy. He also insists there were no instances of domestic abuse in his marriage.The world’s No. 1 golfer had not talked in public since his traffic accident Nov. 27 triggered shocking revelations about Woods’ infidelity.
Did you watch his apology? Do you think the public will buy it?
As Tiger Woods pays the price with his wife, family and career for his infidelity, stockholders in Woods’ sponsored companies such as AT&T and Gillette have at least 12 billion.
A study by Victor Stango and Christopher Knittel, two economy and professors at the University of California, suggests that companies who have a business relationship with Woods have seen their stock shares plummet since the Woods scandal broke out in November.
“In their study, the two professors said they looked at stock market returns for the 13 trading days after November 27, the date of the car incident that ignited the Woods scandal.
They compared returns for Woods’ sponsors during this period to those of both the total stock market and of each sponsor’s closest competitor. They also reviewed returns for four years before the car accident to build up a comparative picture of the sponsors’ market performance.
The study looked at sponsors of Tiger Woods for which stock prices were available, in several cases through quoted prices for the parent companies. Sponsors included: Accenture; AT&T; Tiger Woods PGA Tour Golf (Electronic Arts); Gillette (Proctor and Gamble); Nike; Gatorade (PepsiCo); TLC Laser Eye Centers.”
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