From LEFTY: An American Odyssey by Vernona Gomez and Lawrence Goldstone. Copyright © 2012 by Vernona Gomez. Published by Ballantine Books/The Random House Publishing Group, a division of Random House, Inc.
updated: Mon Feb 06 2012 18:29:00
Former White House intern Mimi Alford claims she was JFK's mistress for 18 months in the 1960s. CNN's Mary Snow reports.
The author of a new tell-all book claims she lost her virginity to President John F. Kennedy when she was a 19-year-old White House intern, and that the affair lasted 18 months.
Book excerpt from Evel: The High-Flying Life of Evel Knievel: American Showman, Daredevil, and Legend, by Leigh Montville. Copyright (c) 2011 by Leigh Montville. Published by arrangement with Doubleday, an imprint of the Knopf Doubleday Publishing Group, a division of Random House, Inc.
America's author-in-chief is back.
From THE WAVE: In Pursuit of the Rogues, Freaks, and Giants of the Ocean. Copyright © 2010 by Susan Casey. Published by arrangement with Doubleday, an imprint of The Knopf Doubleday Publishing Group, a Division of Random House, Inc.
Nigerian author Chimamanda Adichie believes in the power of stories, and warns that hearing only one about a people or nation leads to ignorance. She says the truth is revealed by many tales.
Long before she was the sad-eyed First Lady of The Palmetto State, Jenny Sullivan Sanford was a well-respected investment banker at Lazard Freres. In fact, she could have been become a major dealmaker had she not put her career on hold to manage the political one of her husband, South Carolina's philandering governor Mark Sanford.
Imagine you're running an expansion team and the New York Yankees run into major financial problems. Derek Jeter and A-Rod are suddenly available...and affordable. That's the position in the M&A world where Peter J. Solomon, the 70-year-old head of his own investment bank, finds himself today. Solomon left Lehman Brothers, where he was a vice chairman of the firm and co-chairman of investment banking, 20 years ago because he thought the existing business model on Wall Street was broken.
While Washington's attacks on Wall Street bonuses have reached a fever pitch - "outrageous," declared President Obama's economic advisor Larry Summers on Sunday about AIG's bonuses - this latest round of firepower is being leveled at forces already in retreat.
The federal criminal trial of former Bear Stearns hedge-fund managers Ralph Cioffi and Matthew Tannin, which is set to begin in Brooklyn in September, has been expected to be a kind of template for coming Wall Street prosecutions. But the model case is already getting messy.
The hedge-fund debacle and the fateful decision to lend $1.5 billion to the High-Grade Fund led to Bear Stearns' first quarterly loss in its 85-year history, in the three months ended November 2007. Besides Cioffi and Tannin, there was other collateral damage. On August 1, 2007 Jimmy Cayne fired Warren Spector. On January 2008, Cayne resigned as CEO probably within days of a coup d'etat that was percolating throughout the firm's corridors. (Cayne remained the Chairman of the firm's board of directors).
Two factors that Cioffi and Tannin could not have foreseen were starting to cripple their funds. Investors spooked by the January and February returns put in redemption orders for well over $100 million. With less new money flooding into Cioffi's funds and BSAM being forced to sell assets out of the funds, the small esoteric market became less liquid. The second factor was the creation in January 2007 of an index - known as the ABX index - that for the first time allowed investors to bet on the performance of the subprime mortgage market in much the way an S&P index fund allows them to bet on the direction of the stock market as a whole. The ABX was an index of securities backed by home loans issued to borrowers with weak credit.
Despite what they said in the April 25 conference call, by early May both Cioffi and Tannin anticipated that the funds' April results were going to be rough. Cioffi published the net asset value (NAV) for the Enhanced Leverage Fund for April at -6.5%. A week later, Goldman Sachs sent, by e-mail, its April marks on the securities to Cioffi. As a counterparty to trades in the funds, Goldman was obligated to report its thinking about the value of the securities in the funds on a monthly basis.
A historical novel about the prophet Muhammad and his child bride that was pulled by Random House over concerns it would anger Muslims will be printed by another German publisher
updated: Thu Aug 14 2008 16:24:00
Author Salman Rushdie talks to CNN's Reggie Aqui about his new book "The Enchantress of Florence."
In the first of five columns for FSB, StartupNation.com founder Rich Sloan offers advice on how entrepreneurs can prosper during an economic downturn.
A seemingly endless number of companies are engaged in creative ways to make money from online content by displaying advertising. But an up-to-now stealth startup called iAmplify is coming out of the closet with a different way to make money - enabling any website to sell video.
When the editorial staff at her high school newspaper held a White Elephant gift exchange, Katie Schroder gladly participated. She ended up with a can of Popeye brand spinach instead -- a contribution from the editor-in-chief.
Companies including Procter & Gamble, Staples, GM and Sprint are pulling advertisements from Don Imus' show due to the shock jock's on-air racial slur about the Rutgers University women's basketball team.
Where is independent literature heading or does the concept even exist anymore? CNN asked Kevin Smokler -- blogger, editor and publishing world consultant and author of "Bookmark Now: Reading in Unreaderly Times" -- for his definition of today's indie lit and thoughts on the future of publishing. (Smokler sometimes consults for Time Warner, which is the parent company of CNN.)
A Young & Rubicam Exec by day who penned The Futurist: A Novel (Doubleday) by night, James P. Othmer has produced a frighteningly accurate send-up of modern corporate culture. The protagonist - a c...
Here we look for what Jeremy Siegel calls "corporate El Dorados" - those titans that rack up long stretches of solid profitability. In his latest book, The Future for Investors (Random House, 2005), the Wharton finance professor shows how companies that have marketed "tried-and-true" products for decades in slow-growth or even declining industries have superior returns to firms that develop "the bold and the new."
A British judge has rejected claims that U.S. author Dan Brown stole the ideas of two historians to produce his hugely popular novel, "The Da Vinci Code."
Digital reading devices were hardly bestsellers when they landed on the scene a few years ago, but Sony is betting that its newest entry will be the iPod of ink. The Sony Reader will be released ea...
NEW YORK (CNNMoney.com) - Is sin no longer in?
There were 230,591,913 books published in the United States in 2005, and 49,489,101 albums issued -- increases of 4 percent and 3 percent over 2004, respectively.
FOUR GLAMOROUS NEWCOMERS ARE joining the iconic skyscrapers that form Manhattan's glittering skyline. The New York Times Co. is building an opulent 52-story glass tower that will reflect the sky's ...
J. Walter Thompson, the 141-year-old advertising agency, held a funeral this past winter. On Feb. 28, staffers in Paris lit a bonfire and tossed in materials from old campaigns. In Tokyo founder Co...
This summer, we're off to see the wizard -- and "Deep Throat," Walt Whitman, John Irving, a few vampires, some sharks and an unhappy San Francisco family.
Tom Brokaw has signed a two-book deal with Random House, the publisher announced Monday, although what the former NBC anchor will actually write and when the books will be published remain unknown.
It's to be titled the "Al Qaeda Reader." Publisher Doubleday says it will include writings by Osama bin Laden and his second in command, Ayman al-Zawahri, from the 1990s.
An English translation of interviews with Osama bin Laden and writings by his second in command, Ayman al-Zawahiri will hit the shelves, according to The Wall Street Journal.
WITH THE TEMPERATURE plummeting, now's the time most of us start daydreaming about beach vacations. Book publishers, however, start daydreaming about ways to drum up interest in lighter literary fa...
Have you wondered why some people get all the breaks? It's not that they were born under a lucky star, but they seize opportunity when they see it.
NEW YORK (CNN/Money ) - "Halo 2" has claimed early bragging rights in the 2004 video game battle.
Dear Annie: I recently joined a large company after working for startups, and there is one big difference. With my previous employers, most important stuff was communicated in person, face to face,...
Media pundits, who can be found all too often nowadays, have a nickname for this time of year: the silly season.
UGLY AMERICANS by Ben Mezrich Willliam Morrow ($25)
Like most people, all I've seen of "I, Robot" is the trailer and some commercials.
The title of New Yorker Columnist James Surowiecki's terrific first book, The Wisdom of Crowds (Doubleday, May 2004), pays homage to Charles Mackay's Extraordinary Popular Delusions and the Madness...
Garden fashions come and go--right now, pale English borders are out, and hot-colored tropicals are in--but through it all, roses remain. No other flower is as widely loved, as widely planted--or a...
Garden fashions come and go -- right now, pale English borders are out, and hot-colored tropicals are in -- but through it all, roses remain.
The Da Vinci Code, by Dan Brown, has been on sale for nearly a year now, and--assuming no unexpected plot twists--it should become the fastest-selling adult fiction title ever by March 18, when its...
George W. Bush notwithstanding, nepotism is a dirty word in America. It shouldn't be, argues Adam Bellow, author of In Praise of Nepotism (Doubleday).
Sports Illustrated columnist Rick Reilly spent two years "crowbarring" his way into the golf bags of a dozen players, and the result is Who's Your Caddy? Looping for the Great, Near Great, and Repr...
While we do occasionally read books, we prefer book parties, so we crashed a slew of 'em recently. Most fascinating was Jim Rogers's soiree for Adventure Capitalist: The Ultimate Investor's Road Tr...
Future shock Tomorrow Now: Envisioning the Next 50 Years by Bruce Sterling (Random House)
If you don't live in Missouri, you may not have heard of Josh Kroenke (above). The Mizzou basketball guard tears it up on the court, where he has also torn ligaments, sprained ankles, and had a con...
CEOs used to have an important rite of passage: When a company reached a certain level of grandeur, the chief executive hired a major architect to design a new headquarters, a trophy building symbo...
There's nothing more fulfilling than trying a book by a writer you've never read, loving it, and realizing you then have his or her entire backlist ahead of you. Take Alan Furst's Blood of Victory ...
Now that the dejected king of tech has closed the book on his Merrill Lynch career, he's starting a new chapter and pursuing the literary life. Last month Blodget took an estimated $2 million buyou...
If you've dodged the recession, sidestepped consumers' gloom, and kept your business going during 2001, you probably think you've escaped the worst. But the biggest threat to your future may be one...
The Blind Assassin Margaret Atwood (Nan A. Talese/Doubleday) The latest from the author of The Handmaid's Tale is the anti-beach read--a complicated take on Depression-era Canada, with a lesson or ...
Robert Bingham's Lightning on the Sun (Doubleday) is quite literally a novel in search of a screenplay--a Miramax manuscript is at the center of the plot. The setting: Cambodia before the death of ...
Stocks soaring to the moon. Day traders gambling on anonymous tips. Average investors swept into the frenzy. Sound familiar? But instead of bull-market America, the setting of A Conspiracy of Paper...
In City of God (Random House), we learn that Einstein "had a habit of calling God the Old One." Posted on this message board of a novel, this incidental fact falls between a pot-smoking priest turn...
LITTLE GREEN MEN By Christopher Buckley Random House, 300 pages
To find the leader of the world's third-largest media company, you get on a plane to Frankfurt, take a connecting flight to Dusseldorf, and then drive for two hours, at autobahn speeds, until you r...
From the early 1930s to the mid-1940s, Arthur Fellig was at every tenement house fire, gangland shooting, shipwreck, and major disaster--natural and otherwise--that took place in New York City, cap...
If you're a parent studying the forecast for college tuition, you're probably getting the same reading that Federal Reserve chairman Alan Greenspan did a while ago as he examined the latest economi...
It's no secret that Native Americans have lost market share in North America. The fowls of the air, the fish of the sea (and pretty much everything else in between) once was theirs. Now? Less. For ...
Oh, sure: It would be easy to make fun of gurus.
IF YOU THINK YOU'LL BE TAKING out any new loans in 1996, you have reason to smile. Thanks to low inflation and the Federal Reserve's desire to keep the economy perking in an election year, interest...
Talk about overkill. ''Not since Sun Tzu's Art of War,'' declares a blurb on the jacket of The West Point Way of Leadership (Doubleday, $20), by Colonel Larry R. Donnithorne, ''has the general publ...
Your correspondent once (March 2, 1987) suggested and still believes that our country needs some business-side equivalent of sexologist Ruth Westheimer. Dr. Ruth created a talk show and a career by...
The next millennium is still seven years away, but authors are already lining up to tell us what it will look like -- and how to get ready for it. Here's a look at three of the more notable recent ...
The Balkans disintegrate into ethnic wars of ancient roots and appalling violence. From the ashes of communism's collapse in the former Soviet empire arise feuding republics riven by long-suppresse...
The roadworthy wares you should pack when you travel have turned smarter and sybaritic. ''People now want to travel with all the comforts of home,'' says Alan Haber of the Electronic Industries Ass...
Let's see. First there was no regulation. Then there was regulation. Then, beginning in the Carter years and accelerating under Reagan, there was deregulation. Now there is reregulation. Reregulati...
Starting out The Common-Sense Mortgage: How to Cut the Cost of Home Ownership by $100,000 or More by Peter G. Miller (Harper Perennial, $8.95). This guide tells house hunters what to seek and avoid...
The figgy pudding is steaming on the boiler, or whatever figgy pudding is supposed to do. The goose, poor thing, has gone to that great migration in the sky, its mortal remains soon to lie burbling...
The slew of new personal-finance books range from superb to just plain silly. Among the superb: the latest version of Jane Bryant Quinn's comprehensive layman's manual, this year called Making the ...
Congratulations. As a representative business person, you possess astonishing intelligence, cultivated interests, and a strong, sinuous attention span. But what, on an average business day, must yo...
Commuters are helping to make books recorded on cassette the fastest-growing segment of the book-publishing industry. Audio books like Tom Peters's Thriving on Chaos, which has been recorded by the...
To find the companies with the most generous benefit packages in America, MONEY obtained nominations from more than a dozen workplace and benefits consultants, including Milton Moskowitz, author of...
In which Kindly Dr. Keeping Up seemingly belies his sobriquet with a call for more insensitivity up and down the land. Dear Doc: Other than a certain affinity for Attilaism, what could possibly pos...
How can you beat the $3.50- to $7-an-hour cost of babysitting? Try setting up a barter-system, co-op sitting service with a few friends in the same bind. You each take care of your neighbor's kids,...
-- DOM SEBASTIAN, 75, abbot of France's Notre Dame des Dombes monastery, on why the monks make muscaline, a high-protein food for mountaineers: ''Our ambition is not business, but to love God. To l...
With the gift-giving season upon us and holidays offering the perhaps illusory promise of time to read, we commend to your attention some of the most useful personal-finance tomes of the past year:...
Can you muzzle an ex-manager? Not in Washington, if Larry Speakes's Speaking Out and Donald T. Regan's For the Record: From Wall Street to Washington (see Books & Ideas) are any proof. Corporations...
It's school time again, and if you'd like to buy your kids something to read -- get in line. Kiddie lit is on the rise, thanks to baby-boomers' babies. ''Yuppies want to get their kids ready for Ha...
IN THE MID-1970s, when Sam Newhouse, the sire of the media fortune, was still alive and hale, his family gathered in Connecticut to celebrate the 20th wedding anniversary of his younger brother, Te...
Why are book publishers hot? They haven't yet taught computers to write steamy best-sellers. But because of a turn in the demographic tide, school enrollments are rising, and textbook sales are abo...
WHEN THE AMAZIN' Mets won the 1986 World Series, sweeping New York into a frenzy, one Very Important Person remained curiously out of sight. Nelson Doubleday, chairman of Doubleday & Co., which bou...
Baseball legend Ted Williams once said, ''You don't need to wear a necktie if you can hit.'' Nelson Doubleday, president of Doubleday & Co., the book publisher, and chairman of its amazin' subsidia...
AS OFTEN as not, a takeover inflicts bruising changes on an acquired company. What, then, is the fate of enterprises repeatedly passed from owner to owner? Buckingham, a company that distributes Cu...
WHEN THE AMAZIN' Mets won the 1986 World Series, sweeping New York into a frenzy, one Very Important Person remained curiously out of sight. Nelson Doubleday, chairman of Doubleday & Co., which bou...
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