Jonathan Berr
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Couple arrested after refusing to pay tip at Pennsylvania pub
Talk about a rough night. Two Pennsylvania college students were arrested recently for refusing to pay a tip.According to media reports, Leslie Pope, a senior at Moravian College, and her boyfriend John Wagner, a grad student at Lehigh University, wound up in the back of a squad car after complaining about the lack of service they received at the Lehigh Pub in Bethlehem, Pa. on October 23. They evidently had good reason to complain.
Morgan Stanley CEO loves regulators - seriously
Morgan Stanley (MS) CEO John Mack just loves regulators -- can't get enough of them.Speaking Wednesday at a conference sponsored by Bloomberg News and Vanity Fair, Mack seemed to wish more regulators were camped out in his New York-based firm, watching its every move. He'd better hope that the Business Roundtable and the U.S. Chamber of Commerce don't get wind of his heresy. And the anti-regulation crowd at the libertarian Cato Institute is probably none too happy with him, either.
Comic book heroes aren't just bulletproof - they're recession-proof
The comic book industry may not able to leap tall buildings in a single bound, but it has withstood the worst economic decline since the Great Depression fairly well.According to industry estimates, sales to specialty retailers rose 1% to $324.66 million between January and September. Experts say that it's too soon to say whether they will show a gain for the year because of the importance of holiday sales. But if sales do decline, it would be the industry's first drop-off since 2000. Those figures do not include sales of comics and graphic novels at Barnes & Noble (BKS) and other book store chains.
Pay Czar Ken Feinberg: No change in the compensation crackdown
Kenneth Feinberg, the federal government's so-called pay czar, Tuesday denied media speculation that he was considering backing away from his decisions to slash compensation for top Wall Street executives at companies that received bailout money.The Obama administration's special master for executive compensation has ruffled many feathers on Wall Street including American International Group (AIG). Its CEO, Robert Benmosche, has threatened to quit after being on the job for just three months because of pay restrictions Feinberg ordered. Others have claimed that the compensation guidelines will cause an exodus of top Wall Street talent to hedge funds and other companies not subject to government control.
It's all gravy: Cost of Thanksgiving meal sees biggest drop since 2000
People cooking up a traditional Thanksgiving feast can be thankful it won't be as expensive as it was last year. The price of making a traditional Thanksgiving meal -- turkey, stuffing, cranberries, pumpkin pie and all the trimmings -- will drop 4% this year, according to the American Farm Bureau Federation. That's the biggest decline since 2000, says Bloomberg News.
The average cost of this year's feast for 10 is $42.91, a $1.70 decline from last year's average of $44.61, according to the federation's 24th annual informal price survey of classic Thanksgiving items. Prices are nearly at their 2007 level of $42.26. The survey was done by volunteer shoppers.
Jobs for Americans: Which states will take longest to rebound?
Unemployment, which recently hit a 26-year high of 10.2% nationwide, won't begin to show signs of improvement until the second quarter of 2010. Even then, it will take until 2013 for half the states to regain their previous peak employment levels. That's according to analysis from economic forecasting firm IHS Global Insight. IHS argues that the U.S. economy is recovering, albeit at a glacial pace. It sees Texas, Virginia, Arkansas, Montana and North and South Dakota returning to their previous peak employment levels in 2010 to 2011. Montana and the Dakotas have benefited from strong commodity and agricultural prices. They also didn't have any housing bubble to speak of.
Viagra meets its match: Sex pills for the female libido are on their way
The pharmaceutical industry has discovered the female libido. German biotech company Boehringer Ingelheim is "putting the finishing touches on a pill designed to reawaken desire by blunting female inhibitions," according to Bloomberg News, which scientists will discuss next week in Lyon, France.The drug has nothing to do with George Clooney, or getting male spouses to help more around the house. Turns out women's sex drives are centered in the brain. Who knew? (Not most guys, probably.)
Jon Corzine to head Bank of America? Not likely -- and not wise
Deposed New Jersey Gov. Jon Corzine is the latest name to surface in the mad scramble to replace Bank of America Corp. (BAC) chief executive Kenneth Lewis. This would be among the more spectacularly bad ideas in the history of banking.Corzine -- who told Bloomberg News that he has not spoken with B of A -- is the wrong candidate at the wrong time. Or, as a campaign commercial might put it: "Jon Corzine. Wrong for New Jersey. Wrong for Bank of America."
Is Playboy selling itself? Company reportedly in talks with Iconix
Playboy Enterprises's (PLA) shares soared more than 60% after Bloomberg News reported that the pioneering adult publisher was in talks to sell itself to Iconix Brand Group (ICON), the owner of Candie's and London Fog clothing brands. The news may sit well with investors now, but if it really happens, it could mean the end of Playboy magazine as we know it. News that the Chicago-based company may be seeking a suitor is hardly a shock. Longtime CEO Christie Hefner, the daughter of company founder/icon Hugh Hefner, was forced out after failing to stem losses at the flagship magazine. Bloomberg reports that the board has been looking for a buyer since June, when it hired Freedom Communications CEO Scott Flanders, to replace Christie Hefner. Both Playboy and Iconix declined to comment on reports of a possible sale.
Pittsburgh and Providence plan to squeeze college students
Two cash-strapped cities, Pittsburgh and Providence, have proposed taxing some of their poorest and most vulnerable residents -- college students -- and the local universities are furious.In his recently unveiled 2010 budget proposal, Pittsburgh Mayor Luke Ravenstahl called for levying a Post-Secondary Education Privilege tax, or a "Fair Share Tax," on tuition at a rate of 1 percent per year. For students at the University of Pittsburgh, paying $13,500 for in-state tuition, that would equal a $135 annual payment. Those attending the more selective Carnegie Mellon University, where tuition is $40,300, would pay $400.














































