Panic Room: Dow Drops and Rebounds
Do you hear that? No it's not a stampede, it's the panic that washed over Wall Street and the country yesterday after the Dow Jones Industrial Average went into a 1,000-point tailspin. At its afternoon low, the Dow had plummeted 998.50 points, its biggest intraday point drop ever. The Dow eventually rebounded to close down 347.80 points, or 3.2%, at 10520.32, its worst percentage decline since April 2009. Lots of causes have been given including a fat finger glitch, Europe's growing debt crisis and riots over the Greek government's approval of its portion of the European Union and International Monetary Fund bailout. Whatever the reason, all of this drama has got to go.
Puff, Puff, Pass: D.C. passes medical marijuana, bill goes to mayor
All of those folks miffed at Los Angeles for closing medical marijuana facilities may now have another alternative - Chocolate City. DC's City Council has passed a measure to legalize medical marijuana, sending the bill to Mayor Adrian Fenty. The nation's capital would join 14 states that allow medical marijuana for the treatment of H.I.V. and some cancers if the bill passes. To this we say puff, puff, pass.
Business as Usual: Detroit City Corruption Continues in pension fund case
Forget the "Wild, Wild West." How about the "Buck Wild Mid-West," namely Detroit, where outrageous news keeps on coming? Former Detroit Lion receiver Roy Dixon, Jr. and his company Onyx Capital Advisers LLC is accused of looting two Detroit city pension funds and one in Pontiac for more than $3.11 million. Yes, you read right -public pension funds. The U.S. Securities and Exchange Commission has filed a civil suit against Dixon because of it. How exactly one loots three public pension funds, we're not sure. But clearly it's business as usual in the motor city.
Not So Deep Cover: Ex-SC sheriff dealt drugs from police SUV
Speaking of corruption, former county Sheriff E.J. Melvin has set police officers back 50 years. According to the FBI, the South Carolina sheriff dealt drugs from his police SUV. To add insult to injury, when he got a list of reported drug dealers from the FBI, he immediately started calling to tip them off or extort money to get them off the list. Now that's a gangsta. Clearly this guy has been watching too much Deep Cover and Training Day, except King Kong has got everything on him.
She's Every Woman: Chaka Kahn is a Plus-Size Model
Straight from the, "You go girl" file, R&B legend Chaka Kahn is now a model for Evans plus-size clothing line. The 1970s sex symbol is reinventing herself and looking fabulous in the process. Why fight with a youth-oriented, music industry obsessed with skinny, non-singing starlets, when you can be celebrated for being you? This diva has been through the fire and has come out looking amazing at age 57 and a size 16. She's got us humming I'm Every Woman over here.