James Patterson, the best-selling author of thrillers and romance and young adult novels, has pledged to give away $1 million of his personal fortune to independent booksellers around the country. Today, he announced the names of the dozens of booksellers who are receiving grants in the first round of his big giveaway.
The money is heading toward smaller bookstores, which are under pressure from competitors like Amazon and e-books. Patterson's own books are big sellers everywhere — he doesn't depend on small bookstores to succeed. But his giveaway is driven by a broader concern.
A broken pipe funneled 30,000 tons of toxic coal ash into the Dan River in North Carolina earlier this month, turning it gray. The pipe has been plugged, but the spill has reignited a fight over storage of coal ash, and scrutiny of the state regulators responsible for monitoring it.
Back in 2012, reporter Kevin Roose went undercover at a very exclusive party.
It was a dinner for a secret society, held once a year, at the St. Regis hotel in New York City. The secret society is called Kappa Beta Phi, and it's made up of current and former Wall Street executives — people like Michael Bloomberg, former heads of Lehman Brothers, Bear Stearns, Goldman Sachs. And every year the group holds a dinner to induct new people into the group — they're called neophytes.
Originally published on Wed February 19, 2014 7:02 pm
Judging from an attack by one of his Republican opponents, you could easily draw the conclusion that Democratic Sen. Mark Begich of Alaska opposes a road that would serve as a lifeline to the remote Aleutian village of King Cove. But you would be wrong.
When private hospitals transfer patients who don't have insurance to public hospitals, it's called "patient dumping." But a study from Stanford University published Wednesday suggests a twist: Hospitals, it seems, are less likely to transfer critically injured patients to trauma centers if the patients have health insurance.
Originally published on Wed February 19, 2014 5:01 pm
Seeking new ways to be a player in mobile messaging, Facebook announced today that it will acquire the fast-growing WhatsApp firm for some $16 billion in cash and stock. The deal includes an additional $3 billion in Facebook stock for the employees of WhatsApp, who would see the shares vest over four years.
This is the second headline-grabbing acquisition by Facebook, following the $1 billion deal for Instagram that was announced in the spring of 2012. The new deal calls for Facebook to pay $4 billion in cash, along with around $12 billion in stock.