Monthly Archives: January 2008
LOS ANGELES — Thanks to a waiver from the writers union, Sunday night’s SAG awards show should be packed with stars. The ceremony at the Shrine Auditorium could be one of the only star- studded awards events Hollywood will host this year, thanks to the lingering Writers Guild of America strike that has already forced the cancellation of the Golden Globe Awards and is threatening the Academy Awards.It was largely overlooked by Oscar, but Sean Penn’s wilderness tale “Into the … Continue reading
Actress Sean Young apparently had too much to drink, and not enough attention paid to her during the DGA awards Saturday night. USA Today and Perez Hilton both report that the inebriated actress made a spectacle of herself, embarrassing the people at her table. During the DGA Awards, where the five nominated feature film directors made a speech before the winner was announced, “The Diving Bell and the Butterfly” director Julian Schnabel was the last to speak. Shortly after he took the … Continue reading
NEW YORK (CNN) — Actor Heath Ledger was found dead Tuesday of a possible drug overdose in a Lower Manhattan apartment, the New York Police Department said. The Academy Award-nominated actor was 28. Ledger was found naked and unresponsive, facedown on the floor at the foot of his bed by a housekeeper trying to wake him for an appointment with a masseuse, said police spokesman Paul Browne. “Pills were found in the vicinity of the bed,” he told CNN. “This … Continue reading
WASHINGTON (AP) — The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, cut a key interest rate by three-quarters of a percentage point on Tuesday, the biggest one-day move by the central bank in recent memory. The Fed said it was cutting the federal funds rate, the interest that banks charge each other on overnight loans, to 3.5 percent, down by three-fourths of a percentage point from 4.25 percent. The Fed action was … Continue reading
The Federal Reserve made a surprise 0.750% rate cut this morning. Mortgage rates are falling in response, but not because of what the Fed did as much as what the Fed implied by doing it. The chart above dated from last week and illustrates what traders thought the Fed would do to the Fed Funds Rate at its 2-day meeting January 29-30. Note that over a two-month span, the market expectation changed. The blue line (4.250%) represents the Fed Funds … Continue reading
Warning: Use of undefined constant wp_pagenavi - assumed 'wp_pagenavi' (this will throw an Error in a future version of PHP) in /home/jblondin/public_html/wp-content/themes/obscure2.0/loop.php on line 124