Author Archives: Admin

Drunken Sean Young Ruins Julian Schnabel Moment At DGA Awards

Drunken Sean Young Ruins Julian Schnabel Moment At DGA Awards

  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

Famous Actor Heath Ledger Dies At Age 28

Famous Actor Heath Ledger Dies At Age 28

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

Fed Cuts Interest Rate

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

Why Current Mortgage Rates Aren’t Falling

Why Current Mortgage Rates Aren’t Falling

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

2008 Oscar Nominations

2008 Oscar Nominations

Here are the 80th Academy Awards nominations. View the Oscar Academy Awards live on February 24th at 8 EST / 5 PST on ABC. Best motion picture “Atonement” (Focus Features) A Working Title Production: Tim Bevan, Eric Fellner and Paul Webster, Producers “Juno” (Fox Searchlight) A Dancing Elk Pictures, LLC Production: Lianne Halfon, Mason Novick and Russell Smith, Producers “Michael Clayton” (Warner Bros.) A Clayton Productions, LLC Production: Sydney Pollack, Jennifer Fox and Kerry Orent, Producers “No Country for Old … Continue reading