Saturday, October 18, 2008
6064: Taking Care Of Personal Business.
Ringing in the news with a MultiCultClassics Monologue…
• Fred Goldman is seeking to nab O.J. Simpson’s Hall of Fame ring, as a Santa Monica judge ruled Simpson is prohibited from trying to sell it or give it away. Goldman continues his attempts to collect on the multimillion-dollar wrongful death judgment. Note to Goldman: don’t think about securing the ring while accompanied by buddies packing firearms.
• Russell Simmons joined mortgage consultants and entertainment artists at the Hip-Hop Summit at Clark Atlanta University to offer money advice. “There are opportunities out there, but people just don’t know about it,” said Simmons, insisting now is the best time to buy a home. “With financial stability, it’s a great time to buy when it’s low. It’ll pick back up in the long run.” Wonder if any of the rappers present succeeded in coming up with rhymes for subprime mortgage crisis.
• Mervyns is the latest retailer to fail, announcing plans to close all 149 stores. “We are disappointed with this outcome but the company’s declining liquidity position and the extremely challenging retail environment, together with the fact that we have exhausted all other possibilities, requires that we take this action,” said the chief executive of Mervyns. “We are confident that the deep discounts available through going out of business sales will drive significant traffic in our stores.” Maybe they could create cross-promotional efforts with Linens ‘n Things.