Larry Johnson's record-breaking career as a Kansas City running back is over. The Chiefs confirmed Monday that they had run out of patience with his off-the-field problems and released Johnson the day he was due to come back from his second suspension in a year. Johnson, who turns 30 on Nov. 19, was just 75 yards away from breaking Priest Holmes' team rushing record.
Tag: career
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Suns’ Richardson has 34, Celtics now 6-1 (AP)
Jason Richardson and the Phoenix Suns had no trouble putting their only loss of the season behind them, even against unbeaten Boston. One game after going scoreless for just the third time in his career, Richardson had 34 points and 10 rebounds to lead Phoenix to a 110-103 victory over the Celtics on Friday night.
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Fighter Pat Barry Wins Big Purse Right Before Being Homeless
Filed under: Celebrity News, Personal Finance, Dr. Boyce Money
UFC fighter Pat Barry was thanking his lucky stars for his big win against Antoni Hardonk. The fighter won a $120,000 purse for his accomplishment, which was right on time given that he was literally six days away from being evicted from his apartment. Barry’s win was emotional for obvious reasons and nearly everyone in his camp was in shock to hear about his financial situation. What is saddest is that his challenges are not uncommon among fighters in general.
Although Pat Barry hasn’t had the chance to earn millions, many major fighters end up going broke even after their gravy trains have stopped flowing. The outcomes don’t make any sense, given that a bit of financial discipline could have made all the difference in the world. When you earn as much as $10 – $20 million dollars in a payday, you can live a pretty wild financial life and still have money to save. Instead, some athletes seem to want to push the limits and it’s actually uncommon to hear of any boxer who DOESN’T end up in the poor house.
Here are a list of financial demons that plague fighters when they finally hit the big time:
1) The bling: For some reason, athletes and entertainers are expected to live an incredibly extravagant lifestyle. Mike Tyson employed over 200 people and spent millions on items too ridiculous to mention. What’s worse is that Mike Tyson actually owed as much as $38 million dollars at one point. Evander Holyfield’s $10 million dollar, 54,000 square foot mansion was put on the auction block last year after foreclosure. Many athletes go into debt because they are banking on their next payday to get them out of the new financial holes they keep digging for themselves.
2) Bad relationships: Divorce is a great way to go broke. Before Muhammad Ali married his third wife, Lonnie, his previous wife divorced him and took his last $2 million dollars right before Muhammad’s career ended with Parkinson’s disease. It was at that point when he found himself broke and unable to earn additional income. Fortunately, a good woman came into his life and used her MBA from UCLA to liquidate the massive financial value from his brand name. So, as much as black male athletes can be ruined by women, they can also be saved by them. However, a long string of baby’s mamas, bad marriages, draining relatives and expensive arm candy can cost an athlete dearly.
3) The IRS: The IRS is sneaky and has led to the financial demise of many celebs. Even honest, hard working Americans can fall prey to the demon of back taxes. Joe Louis was one great example of a man who made a great deal of money, but found out years later that he owed tax money to the IRS. For the rest of his career, he would wander from one fight to another, with IRS agents waiting in the back room to take the entire purse after the fight. While his career was a great one, he was not a happy man in old age.
4) A lack of education: A lack of money management ability and inadequate financial literacy plagues many wealthy entertainers and athletes. Growing up in poverty doesn’t exactly endow you with an extensive understanding of trust funds, estate planning, stocks and bonds. One of the great tragedies for NFL and NBA athletes is that many of them attend universities that simply hand the athlete a degree without forcing the athlete to get an education. But there is an old saying that “a fool and his money will soon part ways.” Even if you are incredibly wealthy, you have simply made yourself into a sucker for those who are smart enough to take that money from you.
5) The leaches: The easiest way to get a pack of new friends is to have a lot of money. In addition to the friends who suddenly find you to be a fascinating human being, you’ve got managers, lawyers, agents, homeboys and baby’s mamas who want their cut. It is not uncommon for a celebrity to have to give away as much as $700,000 out of every million dollars he/she earns. Everybody wants a piece of your pie until you are down and out; at that point, you become yesterday’s news.
I don’t think that any athlete should live like a miser, that’s no fun. Instead, why not simply save 20% of your income and party with the rest? That would give you a nest egg for retirement and allow you to pay the bills after you’ve fought your last fight. What’s saddest is that every boxer says they are going to retire young and none of them ever do. It’s time to stop living the same story over and over again.
Dr. Boyce Watkins is a Finance Professor at Syracuse University and author of the book, “Black American Money.” To have Dr. Boyce commentary delivered to your email, please click here. -
Ariza helps Rockets overcome Roy’s 42 (AP)
No Yao Ming. No Tracy McGrady. No problem for the Houston Rockets. Trevor Ariza, making the move from the Lakers this season, scored a career high 33 points, Aaron Brooks added 28 points and the Rockets held on to beat the Portland Trail Blazers at home for the fifth straight time in regular season, 111-107 Saturday night.
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Nash has 20 assists, Suns beat Warriors (AP)
Anybody waiting for Steve Nash to show his age, well, keep waiting. The 35-year-old point guard scored 18 points and had the sixth 20-assist game of his career Friday night in Phoenix's 123-101 rout of the Golden State Warriors in the Suns' home opener. The performance came two nights after he scored 14 fourth-quarter points, including the game-winning basket, in the Suns' season opener…
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Cavs 0-2 despite James’ triple-double (AP)
Seven years in the NBA has taught LeBron James the importance of patience. It is being tested after Cleveland started its new season with two straight losses. Andrea Bargnani scored 28 points, Chris Bosh had 21 points and 16 rebounds, and the Toronto Raptors overcame James' 25th career triple-double to beat the Cleveland Cavaliers 101-91 on Wednesday night.
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Down But Not Out
If you find yourself in need, or someone you know is in need of home, career, or health assistance, check out this roundup of low-cost and free programs that could be your lifeline.
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Carr ready as Eli skips another practice (AP)
With 79 career starts, David Carr knows how much Eli Manning wants to be on the field calling the plays when the New York Giants meet the Oakland Raiders on Sunday. Manning's teammates say he's a competitor who will play if he's able. Carr wants to be out there just as much, and his chances of playing this weekend seemingly improved when Manning missed his second straight practice on…
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Big-play defense lifts Saints past Jets (AP)
A new start with the New Orleans Saints has put "the shake" back in 33-year-old Darren Sharper. The NFL's active leader in career interceptions added two more against rookie Mark Sanchez, returning one a club-record 99 yards for a touchdown to help the unbeaten Saints hand the New York Jets their first loss of the season, 24-10 on Sunday.
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Angels clinch third straight West title (AP)
Kendry Morales homered and drove in three runs, and the Los Angeles Angels wasted no time clinching their third straight AL West title with an 11-0 victory over the second-place Texas Rangers on Monday night. Ervin Santana pitched a seven-hitter for his fourth career shutout, while Maicer Izturis had three hits and two RBIs to wrap up the Angels' sixth playoff berth in eight seasons.
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Lions end 19-game skid, beat Redskins (AP)
Matthew Stafford held his head down on the bench for the final snap. Dominic Raiola couldn't watch, either, fearing a 20th loss in a row and 100th setback of his nine-season career. When Detroit's leaders looked up and saw Washington was out of time, they saw what they were hoping to see Sunday.
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The Week That Was: Fela! Sure to Wear Broadway Out, Chris Brown Has the ‘Power’
Filed under: Music, Television, News, Theater, Celeb Updates, Radio, Video
This fall, the Great White Way will feel one hell of a jolt when the new musical ‘Fela!’ hits the boards at New York’s Eugene O’Neill Theater, starting Oct. 19. The show, which chronicles the life and music of groundbreaking African composer, performer and activist Fela Anikulapo Kuti, was all the rave during its very limited and sold-out run at the 37 Arts Theater last fall. Created by Tony Award winner Bill T. Jones, the masterfully produced tour de force attracted fans such as Jay-Z, Beyonce, Alicia Keys, Toni Morrison, Lou Reed, Fiona Apple and Charlize Theron.This week, BV Newswire was invited to an exclusive preview of this provocative hybrid of concert, dance and musical theater that will dazzle audiences for generations to come. (See VIDEO below.) Now wonder it won the 2009 Lucille Lortel Award for best musical. Two-time Emmy Award winner Kevin Mambo and Tony Award-winning vocal powerhouse Lillias White (pictured above, center and right) have been added to the multitalented cast, which is led by Sahr Ngaujah, whose breakout performance as the Afrobeat icon who died of AIDS in 1997, was a work of sheer theatrical genius. Tickets start at $27. For more information about ‘Fela!,’ visit www.FelaOnBroadway.com.
*****
Nick Cannon may be having the best year ever. The dashing and debonair host of NBC’s ‘America’s Got Talent’ is getting a windfall of media attention on the day before wife Mariah Carey releases her new album, ‘Memoirs of an Imperfect Angel.’ For those who don’t know, the San Diego native is the new chairman of Nickelodeon’s teen network, TeenNick.
On Sept. 28, The N (current name) will rebrand itself as TeenNick and we will be airing a celebrity promo spot in connection with the launch.
Various celebrities — including wifey, Ellen DeGeneres, Taylor Swift, Sharon Osbourne, Tony Hawk, Keke Palmer, and Ice Cube — are all featured in this promo congratulating Cannon on his chairman position.
*****FelaLL Cool J‘s latest foray into television is off to a good start.
According to the Hollywood Reporter, CBS scored big with its new series ‘NCIS: Los Angeles,’ which features the hip-hop superstar and movie star Chris O’Donnell. Apparently, Tuesday marked the network’s most-watched premiere night since 1993, thanks to the triple threat of drama in the form of ‘NCIS’ (20.6 million viewers), ‘NCIS: Los Angeles’ (18.7 million) and Julianna Margulies‘ new series ‘The Good Wife’ (13.7 million). From 1995-1999, LL Cool J (real name James Todd Smith) starred in the NBC sitcom ‘In the House.’ *****
Chris Brown is getting back to work – the kind that pays. The beleaguered R&B crooner with the dazzling smile and mean right hook can breathe a sigh of relief. His battery and assault of girlfriend Rihanna hasn’t hurt him among hip-hop fans. The Jive Records artist is due to headline the “Powerhouse” concert, an event hosted by New York City’s hip-hop radio station Power 105. According to EURweb.com, the ‘Run It’ singer’s Oct. 27 performance at the Izod Center in New Jersey is his first official live show since his February altercation with the Cover Girl spokesmodel earned him probation and community service. Also on the “Powerhouse” lineup: the-Dream, Fabolous, Keri Hilson, Trey Songz, Mario and Ginuwine. Black Music Notes June 1
6/1/09: Minnie Riperton
A very fitting homage will be paid to late, great songbird Minnie Riperton when a new batch of the acclaimed TV One docu-series ‘Unsung’ hits the small screen this month. Best known for her signature ballad ‘Lovin’ You,’ the Chicago-born singer/songwriter’s career and life were cut short after a three-year battle with breast cancer in the late 1970s. After Riperton’s cancer diagnosis, she went public instead of retreating, serving as a spokesperson for the American Cancer Society. . She was only 31 years old when she died at the prime of her career. ‘Unsung’ premieres June 7 at 8 PM ET, repeating at 11 PM, as well as Thursday, June 11 at 10 PM and Friday, June 12 at noon and midnight.Wire Image
6/1/09: Grace Jones
The one and only Grace Jones has been tapped to perform live at the ‘We Love’ festival in Ibiza on Aug. 9. For the first time ever, the ‘Pull Up To The Bumper’ singer will grace the Spanish island’s celebrated summer concert series, as part of the Wall Of Sound recording company’s 15th anniversary. Last year, festival organizers bought The Chemical Brothers back to the Ibiza after a ten-year hiatus. This year, they are ready for Amazing Grace, who recently released a new music project titled ‘Hurricane’ on the United Kingdom based label. “We are putting on a line-up to inspire and one that will take all lucky enough to be there on a journey they will never ever forget,” Wall of Sound founder Mark Jones said.Getty Images
5/28/09: Chaka Khan
Fresh from a headlining gig at the 2009 St Lucia Jazz Festival, Chaka Khan is ready to take on the nation’s capital. The 10-time Grammy Award winning diva will fill in for previously announce headliner Natalie Cole, who is recovering from a live saving kidney transplant surgery, at ‘The 18th Annual Capital Jazz Fest’ running June 5 – June 7. The ‘I Feel For You’ chanteuse will join a slew of noted musical acts at the lovely wooded setting of Merriweather Post Pavilion in Columbia, Maryland. According to a spokesperson for the event, the line-up includes performances by Stanley Clarke, Marcus Miller and Victor Wooten, George Duke, Al Jarreau, Lalah Hathaway, Fourplay, Norman Brown, Roy Ayers, Will Downing, Kirk Whalum, Pieces of a Dream with special guest Phil Perry, Guitars & Saxes (f/ Jeff Lorber, Euge Groove, Jeff Golub and lady saxophone newcomer Jessy J) , Regina Belle, Marion Meadows and trumpeter Joey Sommerville.AFP/Getty Images
5/28/09: Grandmaster Flash
Grandmaster Flash will be honored with the Living Legend award at the Urban Music Awards USA 2009, set to be held at New York City’s Highline Ballroom on July 17. According to a spokesperson for the event, more than 175,000 music fans across the world have voted online for the hip hop veteran to receive the honor. “Flash is an absolute legend and he remains an inspiration to the hip hop culture all together by flying the flag from its inception to the success it has become today,” said Jordan Kensington, who is the C.E.O of Invincible Group & Founder of the Urban Music Awards. Nominees for the inaugural awards show include Amy Winehouse, Rihanna, Bobby Valentino, M.I.A, Day 26, The Dream, Estelle, Kat de Luna, Akon, Kanye West, Keri Hilson, Ne-Yo and Eminem.Getty Images
5/21/09: Jay-Z
Despite stepping down from his Def Jam presidency in late 2007, hip hop mogul Jay-Z has finally left the label as an artist. Rumors started surfacing online that the platinum-selling lyricist, who owed the label one last album, brought himself out of his contract for $5 million. “I can honestly say, working with Doug Morris and LA Reid has been a unique and fulfilling experience and I respect them immensely,” he revealed to hip hop site Rap Radar. “I’ve been in the family for almost my entire career. Doug and I spoke directly and had one of the most unique ‘negotiations’ ever…I thank him for allowing me to be a completely independent artist. Not every artist can say they own or are given the opportunity to own all of their music.”Frank Micelott, Getty Images
5/19/09: Mary J. Blige
Mary J. Blige recently expanded her brand by signing with The William Morris Agency. According to Variety, the diversified entertainment agency, which also represents Alicia Keys, Rihanna, Kanye West, and Prince (to name a few), will assist the Queen of Hip Hop Soul in all areas of her career including the expansion of her entertainment company, Matriarch Entertainment. This fall the Queen of Hip Hop Soul will make her feature film debut in Tyler Perry‘s ‘I Can Do Bad All by Myself,’ scheduled to hit theaters September 11. She can be heard in the trailers for the Oprah Winfrey-presented drama ‘Precious,’ due out in November.Chip Somodevilla, Getty Images
5/19/09: The Dream
Following in the veins of fellow hip hop stars DMX and Tupac Shakur, singer-songwriter The Dream is planning on releasing his second album of 2009 entitled, ‘Love King.’ The R&B crooner, who recently released his certified gold album ‘Love vs. Money’ in March, revealed to Billboard magazine that he already has seven songs in the can and expects the album to hit stores in December. “I have to pace myself ’cause there’s so much time between here and then,” he said, “but the seven records I do have are timeless records. Whether they come out now or later it’s not really going to matter what kind of records they are.” In between recording sessions for ‘Love King,’ fans can now catch The Dream on tour with Keyshia Cole.Getty Images
5/19/09: The Whispers
After releasing classic hits such as ‘In The Mood’ and ‘Rock Steady,’R&B stalwarts The Whispers are set to release their first gospel album on Kingdom Records. Grammy Award-winning gospel star Fred Hammond is expected to produce a bulk of the tracks. “We’ve been wanting to do this for ten years,” explained founding member Nick Caldwell. “God has been really, really good to the Whispers. He was looking out for us even when we were ignoring Him. He allowed us to live long enough to do this inspirational CD that we want to use to inspire people to get closer to God.” The as-yet-untitled anticipated album is tentatively scheduled for release later this year.5/19/09: Mariah Carey
On May 23, Mariah Carey is set to perform a one-hour set at the opening of the most expensive resort in Europe, The Mardan. Carey alongside legendary British soul singer Tom Jones will reportedly be paid £1 million each to perform at the exclusive £926 million Turkey development, which features five acres of fresh water swimming pools and a sunken aquarium. Actress Sharon Stone and Paul McCartney are among the many guests invited to the 560 room hotel opening.Chip Somodevilla, Getty Images
5/19/09: Will Downing
Overcoming his bout with the muscle disorder Polymyositis, Will Downing has set the stage to release is latest musical offering, ‘Classique.’ The balladeer’s 14th album and second Peak Records project features his signature baritone vocals over 10 smooth-sensual tracks. Vocalist Phil Perry joins the ‘After Tonight’ singer for Marvin Gaye penned ‘Baby I’m for Real.’ Other album highlights include ‘Love Suggestions,’ ‘More Time,’ ‘Something Special’ and Barry White‘s classic hit ‘I’m Gonna Love You Just A Little More Baby.’ ‘Classique’ hit stores June 16.Verve
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Touré: New Gig In ‘Hip Hop Shop’
Filed under: Music, Television, News
Former Rolling Stone scribe Touré just signed on to host a new weekly music video show on Fuse called ‘Hip Hop Shop.’ This marks the television network’s new push to include music-centric shows hosted by experts of the respective genre.
Fuse hinted that Touré would be getting a new gig when he nailed the job of sitting down with Jay-Z for a two-part special that aired before the Brooklyn MC’s live 9/11 tribute concert, which took place at Madison Square Garden. He also served as a backstage correspondent during the concert special.
Black Music Notes June 1
6/1/09: Minnie Riperton
A very fitting homage will be paid to late, great songbird Minnie Riperton when a new batch of the acclaimed TV One docu-series ‘Unsung’ hits the small screen this month. Best known for her signature ballad ‘Lovin’ You,’ the Chicago-born singer/songwriter’s career and life were cut short after a three-year battle with breast cancer in the late 1970s. After Riperton’s cancer diagnosis, she went public instead of retreating, serving as a spokesperson for the American Cancer Society. . She was only 31 years old when she died at the prime of her career. ‘Unsung’ premieres June 7 at 8 PM ET, repeating at 11 PM, as well as Thursday, June 11 at 10 PM and Friday, June 12 at noon and midnight.Wire Image
6/1/09: Grace Jones
The one and only Grace Jones has been tapped to perform live at the ‘We Love’ festival in Ibiza on Aug. 9. For the first time ever, the ‘Pull Up To The Bumper’ singer will grace the Spanish island’s celebrated summer concert series, as part of the Wall Of Sound recording company’s 15th anniversary. Last year, festival organizers bought The Chemical Brothers back to the Ibiza after a ten-year hiatus. This year, they are ready for Amazing Grace, who recently released a new music project titled ‘Hurricane’ on the United Kingdom based label. “We are putting on a line-up to inspire and one that will take all lucky enough to be there on a journey they will never ever forget,” Wall of Sound founder Mark Jones said.Getty Images
5/28/09: Chaka Khan
Fresh from a headlining gig at the 2009 St Lucia Jazz Festival, Chaka Khan is ready to take on the nation’s capital. The 10-time Grammy Award winning diva will fill in for previously announce headliner Natalie Cole, who is recovering from a live saving kidney transplant surgery, at ‘The 18th Annual Capital Jazz Fest’ running June 5 – June 7. The ‘I Feel For You’ chanteuse will join a slew of noted musical acts at the lovely wooded setting of Merriweather Post Pavilion in Columbia, Maryland. According to a spokesperson for the event, the line-up includes performances by Stanley Clarke, Marcus Miller and Victor Wooten, George Duke, Al Jarreau, Lalah Hathaway, Fourplay, Norman Brown, Roy Ayers, Will Downing, Kirk Whalum, Pieces of a Dream with special guest Phil Perry, Guitars & Saxes (f/ Jeff Lorber, Euge Groove, Jeff Golub and lady saxophone newcomer Jessy J) , Regina Belle, Marion Meadows and trumpeter Joey Sommerville.AFP/Getty Images
5/28/09: Grandmaster Flash
Grandmaster Flash will be honored with the Living Legend award at the Urban Music Awards USA 2009, set to be held at New York City’s Highline Ballroom on July 17. According to a spokesperson for the event, more than 175,000 music fans across the world have voted online for the hip hop veteran to receive the honor. “Flash is an absolute legend and he remains an inspiration to the hip hop culture all together by flying the flag from its inception to the success it has become today,” said Jordan Kensington, who is the C.E.O of Invincible Group & Founder of the Urban Music Awards. Nominees for the inaugural awards show include Amy Winehouse, Rihanna, Bobby Valentino, M.I.A, Day 26, The Dream, Estelle, Kat de Luna, Akon, Kanye West, Keri Hilson, Ne-Yo and Eminem.Getty Images
5/21/09: Jay-Z
Despite stepping down from his Def Jam presidency in late 2007, hip hop mogul Jay-Z has finally left the label as an artist. Rumors started surfacing online that the platinum-selling lyricist, who owed the label one last album, brought himself out of his contract for $5 million. “I can honestly say, working with Doug Morris and LA Reid has been a unique and fulfilling experience and I respect them immensely,” he revealed to hip hop site Rap Radar. “I’ve been in the family for almost my entire career. Doug and I spoke directly and had one of the most unique ‘negotiations’ ever…I thank him for allowing me to be a completely independent artist. Not every artist can say they own or are given the opportunity to own all of their music.”Frank Micelott, Getty Images
5/19/09: Mary J. Blige
Mary J. Blige recently expanded her brand by signing with The William Morris Agency. According to Variety, the diversified entertainment agency, which also represents Alicia Keys, Rihanna, Kanye West, and Prince (to name a few), will assist the Queen of Hip Hop Soul in all areas of her career including the expansion of her entertainment company, Matriarch Entertainment. This fall the Queen of Hip Hop Soul will make her feature film debut in Tyler Perry‘s ‘I Can Do Bad All by Myself,’ scheduled to hit theaters September 11. She can be heard in the trailers for the Oprah Winfrey-presented drama ‘Precious,’ due out in November.Chip Somodevilla, Getty Images
5/19/09: The Dream
Following in the veins of fellow hip hop stars DMX and Tupac Shakur, singer-songwriter The Dream is planning on releasing his second album of 2009 entitled, ‘Love King.’ The R&B crooner, who recently released his certified gold album ‘Love vs. Money’ in March, revealed to Billboard magazine that he already has seven songs in the can and expects the album to hit stores in December. “I have to pace myself ’cause there’s so much time between here and then,” he said, “but the seven records I do have are timeless records. Whether they come out now or later it’s not really going to matter what kind of records they are.” In between recording sessions for ‘Love King,’ fans can now catch The Dream on tour with Keyshia Cole.Getty Images
5/19/09: The Whispers
After releasing classic hits such as ‘In The Mood’ and ‘Rock Steady,’R&B stalwarts The Whispers are set to release their first gospel album on Kingdom Records. Grammy Award-winning gospel star Fred Hammond is expected to produce a bulk of the tracks. “We’ve been wanting to do this for ten years,” explained founding member Nick Caldwell. “God has been really, really good to the Whispers. He was looking out for us even when we were ignoring Him. He allowed us to live long enough to do this inspirational CD that we want to use to inspire people to get closer to God.” The as-yet-untitled anticipated album is tentatively scheduled for release later this year.5/19/09: Mariah Carey
On May 23, Mariah Carey is set to perform a one-hour set at the opening of the most expensive resort in Europe, The Mardan. Carey alongside legendary British soul singer Tom Jones will reportedly be paid £1 million each to perform at the exclusive £926 million Turkey development, which features five acres of fresh water swimming pools and a sunken aquarium. Actress Sharon Stone and Paul McCartney are among the many guests invited to the 560 room hotel opening.Chip Somodevilla, Getty Images
5/19/09: Will Downing
Overcoming his bout with the muscle disorder Polymyositis, Will Downing has set the stage to release is latest musical offering, ‘Classique.’ The balladeer’s 14th album and second Peak Records project features his signature baritone vocals over 10 smooth-sensual tracks. Vocalist Phil Perry joins the ‘After Tonight’ singer for Marvin Gaye penned ‘Baby I’m for Real.’ Other album highlights include ‘Love Suggestions,’ ‘More Time,’ ‘Something Special’ and Barry White‘s classic hit ‘I’m Gonna Love You Just A Little More Baby.’ ‘Classique’ hit stores June 16.Verve
The new show will feature in-studio interviews with musicians and celebrities.The premiere episode of ‘Hip Hop Shop’ will feature former 3LW singer Natauri Naughton, who will discuss her new role in the upcoming remake of ‘Fame.’
Since dropping out of Emory University to intern at Rolling Stone, Touré, who has served as a contributing editor for the magazine since 1997, has written cover stories on everyone from Lauryn Hill to Alicia Keys. The Boston native has also penned three books ‘The Portable Promised Land, which is a collection of short stories, as well as a novel called ‘Soul City’ and a collection of his pop culture writings called ‘Never Drank the Kool-Aid.’
Most recently, the 38 year-old father of two served as CNN’s pop culture correspondent for ‘American Morning’s 90 Second Pop.’
Fuse’s ‘Hip Hop Shop’ debuts on Sept. 23 aToure Never Drankt 7:00 pm ET.
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Celtics ink free agent G Marquis Daniels (AP)
The Boston Celtics have signed free agent guard Marquis Daniels. Daniels is coming off the best of his six seasons, averaging career highs of 13.6 points and 4.6 rebounds in 54 games with the Indiana Pacers, 43 of them starts. The Celtics announced his signing on Tuesday. The 28-year-old Daniels spent three seasons with Dallas before moving to Indiana.
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Patriots LB Bruschi announces retirement (AP)
Tedy Bruschi retired Monday after a 13-year NFL career in which he won three Super Bowl titles with the New England Patriots and made a gallant return from a stroke. The inside linebacker played for no other team and leaves football with only one unachieved goal — a fourth championship. "I'm 36 years old," Bruschi said at a news conference.
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Black CEO says that the MBA is Worthless
Filed under: Personal Finance, Careers, Dr. Boyce Money
I don’t have an MBA, and I’ve never wanted one. I earned several masters degrees and a PhD, but I never found the MBA to be a good investment when it came to actually understanding what I needed to do with my career. But unlike many of my friends, I wasn’t headed to Corporate America. Instead, I wanted to be a professor and entrepreneur, neither of which requires an MBA.
My brother Lawrence is also getting an MBA from Cornell University, but he doesn’t want a job. Instead, he wants to utilize the network of the university to build his own business. I agree with this philosophy, since ownership is the key to building black wealth in America. Understanding business from all angles is critical to running a top notch organization.
What is surprising, however, is that there are some captains of corporate America who are starting to question the value of an MBA when attempting to reach your goals. Mind you, this does not imply that the MBA cannot be an important piece of your long-term career plan, but it says that the MBA might not be enough.
What is underemphasized by many who attempt to climb the corporate ladder is the necessity to learn the intangibles that come with corporate success. Fenorris Pearson, CEO of Global Consumer Innovation, Inc., argues that playing the game at the top of corporate America involves a set of skills that are not taught in a typical MBA program. Instead, Pearson believes that things like managing your peers and forging the right alliances can be critical to corporate success.
In his new venture, called “The Corporate Climb,” Pearson lays out strategies he learned during his years as a Vice President of Global Consumer Innovation for Dell. He explains that having the credentials is only the beginning when it comes to managing life at the top. An MBA can open doors, but you must have quite a few additional skills to walk through the doors that have been opened.
As someone who has taught MBA students for over a decade, I can also testify that the MBA should only be one piece of your long-term career building plan. This expensive piece of merchandise will only give you top value if you use it in the proper way. At the same time, I advise all of my business school students to get an MBA eventually, since you need all the advantages you can get. Based on my experience teaching MBA students, here are some quick thoughts on the value of the MBA.
1) The MBA is important: Some kind of post-secondary education is highly recommended for most college students, especially those majoring in business. You shouldn’t just go to college: you should be at the top of your class and get as much education as you can. Mediocrity should not be on your agenda.
2) You have to supplement the MBA with work experience: Just having the degree doesn’t mean that companies are going to come banging down your door. You have to do internships and find other valuable experience which will help you convince your employer that you can add to the bottom line. All the credentials in the world are not nearly as valuable to a company as a person who knows how to “make it rain” financially.
3) The MBA is expensive: Many schools simply sell MBAs, meaning that if you pay a massive amount of tuition, you are probably going to get the degree. The average price of an MBA has spiraled to over $100,000 and now serves as a major money maker for most business schools. So, if you make this investment, make sure you are getting what you expect on the back end: more job opportunities and a salary high enough to pay off your student loans. If the investment pays off, then this can be a solid career move.
4) Make sure your school helps you to find a job: The quality of the career placement center is incredibly important. If the school can’t place its graduates into high salary positions, then you may find yourself disgruntled.
5) Don’t leave your fate in anyone else’s hands: The National Black MBA Association and other organizations hold networking conferences which can allow you to find opportunities for yourself. Do not be afraid to use these resources. You have to pound the pavement and create your own luck. Don’t let anyone take control of your future.
6) Consider owning your own ship: Remember that the key to financial, social and psychological freedom is to own something. Black entrepreneurship is incredibly important to our community and your corporate experience can be a good foundation for you to own your own business. So, as you build your career in corporate America, don’t be afraid to create your own job via entrepreneurship. It might be the most rewarding decision you ever make.
Dr. Boyce Watkins is a Finance Professor at Syracuse University and author of “Financial Lovemaking 101: Merging Assets with Your Partner in Ways that Feel Good.” To have Dr. Boyce commentary delivered to your email, please click here. -
The Week That Was: Vibe magazine to get fresh blood, Ola Ray wants pay
Filed under: Music, News, Photos, Celeb Updates
Vibe magazine seems to be rapidly rising from its proverbial ashes with new owners, who this week announced that Jermaine Hall will helm the resurrected title. A native of St. Lucia, raised in Queens, Hall is the former editor-in-chief of King magazine, and previously served stints as a music editor of The Source, and a webmaster of Vibe. He will now serve as the editor-in-chief of Vibe and its website. “I’ve always been very confident about anything dealing with editorial, so I’m definitely not intimidated,” the Iona College graduate told the website mediaite. “I’m very excited. I love all the eras of Vibe but one of my favorite eras is Alan Light‘s tenure [1994-1997] – the book was at its broadest during that time. I’m looking to recapture that feel, but bring it up to date.” The Quincy Jones-founded urban music magazine shuttered in June, after 16 years of publication, when its previous owners could not find new buyers or restructure the company’s debt. It was bought earlier this month by InterMedia Partners, a private equity fund and now is managed by the Vibe Lifestyle Network, led by Vibe’s original business leaders Robert Miller and Leonard Burnett and Uptown magazine co-founder Brett Wright. A new issue is planned for November/December.
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It’s time to pay Ola Ray. Or that’s what she says. The original music video girl, who starred in Michael Jackson‘s seminal ‘Thriller’ video and appeared in its best-selling ‘Making Of’ home video, is seeking unpaid royalties for her work from 25 years ago. Ray’s attorney filed Los Angeles court documents stating she is a creditor to the singer’s estate and is owed an undetermined amount of money. The actress, whose most recent “acting” credit dates back to 1987, sued Jackson in April, claiming he had failed to pay her royalties that she was due for the past four years. That suit, and two others filed by the video’s director John Landis, remains unresolved.
According to reports, one of Landis’ lawsuits claimed he also hadn’t been paid royalties on the “Thriller” video for several years.
When Jackson died in June, the St. Louis native – who has a Grammy Award in her possession (that she accepted on his behalf) made the media rounds. “I am freaking out, I can’t believe that he is gone,” she said. “He was my hero as well as my mentor. And I really respected him as an entertainer and we made history together, and he will always be the best.” Now she’s listed as one of the creditors of his estate.*****
Now that Chris Brown has been officially sentenced and ordered to stay away from Rihanna for five years, his mother is speaking out – in the name of Jesus. “I just want to say from the bottom of my heart thank you for your continued support. I’m sorry I wasn’t allowed to speak to anyone as this case was ongoing,” Joyce Hawkins wrote on her son’s official web site TheChrisBrownFanClub.com. “I made a promise. I would never be ashamed of him no matter where I am or who I talk to. You see this whole thing isn’t about Chris, it’s about God. He wants to show all of you the goodness of him through Chris. Chris will be addressing all of his fans very soon. We love you so much and so does God.” During an interview last year on ‘The Tyra Banks Show,’ Brown revealed he witnessed his mother being physically abused by her spouse.*****
LaToya Jackson will not be doing ‘Dancing with the Stars’ (as previously rumored in the press), but will be spread like butter on other ABC-affiliated shows. This week, the network announced that the best-selling author and former Playboy magazine cover girl will guest co-host ‘The View’ on Sept. 16 and Sept. 18. The woman comedian Paul Mooney once referred to as “La Dangerous” will also sit down with Barbara Walters for a one-on-one interview on the network’s newsmagazine ’20/20,’ scheduled to air on Sept. 11. She will discuss her relationship with late brother Michael Jackson and to explain for her belief that he was murdered. Black Music Notes June 1
6/1/09: Minnie Riperton
A very fitting homage will be paid to late, great songbird Minnie Riperton when a new batch of the acclaimed TV One docu-series ‘Unsung’ hits the small screen this month. Best known for her signature ballad ‘Lovin’ You,’ the Chicago-born singer/songwriter’s career and life were cut short after a three-year battle with breast cancer in the late 1970s. After Riperton’s cancer diagnosis, she went public instead of retreating, serving as a spokesperson for the American Cancer Society. . She was only 31 years old when she died at the prime of her career. ‘Unsung’ premieres June 7 at 8 PM ET, repeating at 11 PM, as well as Thursday, June 11 at 10 PM and Friday, June 12 at noon and midnight.Wire Image
6/1/09: Grace Jones
The one and only Grace Jones has been tapped to perform live at the ‘We Love’ festival in Ibiza on Aug. 9. For the first time ever, the ‘Pull Up To The Bumper’ singer will grace the Spanish island’s celebrated summer concert series, as part of the Wall Of Sound recording company’s 15th anniversary. Last year, festival organizers bought The Chemical Brothers back to the Ibiza after a ten-year hiatus. This year, they are ready for Amazing Grace, who recently released a new music project titled ‘Hurricane’ on the United Kingdom based label. “We are putting on a line-up to inspire and one that will take all lucky enough to be there on a journey they will never ever forget,” Wall of Sound founder Mark Jones said.Getty Images
5/28/09: Chaka Khan
Fresh from a headlining gig at the 2009 St Lucia Jazz Festival, Chaka Khan is ready to take on the nation’s capital. The 10-time Grammy Award winning diva will fill in for previously announce headliner Natalie Cole, who is recovering from a live saving kidney transplant surgery, at ‘The 18th Annual Capital Jazz Fest’ running June 5 – June 7. The ‘I Feel For You’ chanteuse will join a slew of noted musical acts at the lovely wooded setting of Merriweather Post Pavilion in Columbia, Maryland. According to a spokesperson for the event, the line-up includes performances by Stanley Clarke, Marcus Miller and Victor Wooten, George Duke, Al Jarreau, Lalah Hathaway, Fourplay, Norman Brown, Roy Ayers, Will Downing, Kirk Whalum, Pieces of a Dream with special guest Phil Perry, Guitars & Saxes (f/ Jeff Lorber, Euge Groove, Jeff Golub and lady saxophone newcomer Jessy J) , Regina Belle, Marion Meadows and trumpeter Joey Sommerville.AFP/Getty Images
5/28/09: Grandmaster Flash
Grandmaster Flash will be honored with the Living Legend award at the Urban Music Awards USA 2009, set to be held at New York City’s Highline Ballroom on July 17. According to a spokesperson for the event, more than 175,000 music fans across the world have voted online for the hip hop veteran to receive the honor. “Flash is an absolute legend and he remains an inspiration to the hip hop culture all together by flying the flag from its inception to the success it has become today,” said Jordan Kensington, who is the C.E.O of Invincible Group & Founder of the Urban Music Awards. Nominees for the inaugural awards show include Amy Winehouse, Rihanna, Bobby Valentino, M.I.A, Day 26, The Dream, Estelle, Kat de Luna, Akon, Kanye West, Keri Hilson, Ne-Yo and Eminem.Getty Images
5/21/09: Jay-Z
Despite stepping down from his Def Jam presidency in late 2007, hip hop mogul Jay-Z has finally left the label as an artist. Rumors started surfacing online that the platinum-selling lyricist, who owed the label one last album, brought himself out of his contract for $5 million. “I can honestly say, working with Doug Morris and LA Reid has been a unique and fulfilling experience and I respect them immensely,” he revealed to hip hop site Rap Radar. “I’ve been in the family for almost my entire career. Doug and I spoke directly and had one of the most unique ‘negotiations’ ever…I thank him for allowing me to be a completely independent artist. Not every artist can say they own or are given the opportunity to own all of their music.”Frank Micelott, Getty Images
5/19/09: Mary J. Blige
Mary J. Blige recently expanded her brand by signing with The William Morris Agency. According to Variety, the diversified entertainment agency, which also represents Alicia Keys, Rihanna, Kanye West, and Prince (to name a few), will assist the Queen of Hip Hop Soul in all areas of her career including the expansion of her entertainment company, Matriarch Entertainment. This fall the Queen of Hip Hop Soul will make her feature film debut in Tyler Perry‘s ‘I Can Do Bad All by Myself,’ scheduled to hit theaters September 11. She can be heard in the trailers for the Oprah Winfrey-presented drama ‘Precious,’ due out in November.Chip Somodevilla, Getty Images
5/19/09: The Dream
Following in the veins of fellow hip hop stars DMX and Tupac Shakur, singer-songwriter The Dream is planning on releasing his second album of 2009 entitled, ‘Love King.’ The R&B crooner, who recently released his certified gold album ‘Love vs. Money’ in March, revealed to Billboard magazine that he already has seven songs in the can and expects the album to hit stores in December. “I have to pace myself ’cause there’s so much time between here and then,” he said, “but the seven records I do have are timeless records. Whether they come out now or later it’s not really going to matter what kind of records they are.” In between recording sessions for ‘Love King,’ fans can now catch The Dream on tour with Keyshia Cole.Getty Images
5/19/09: The Whispers
After releasing classic hits such as ‘In The Mood’ and ‘Rock Steady,’R&B stalwarts The Whispers are set to release their first gospel album on Kingdom Records. Grammy Award-winning gospel star Fred Hammond is expected to produce a bulk of the tracks. “We’ve been wanting to do this for ten years,” explained founding member Nick Caldwell. “God has been really, really good to the Whispers. He was looking out for us even when we were ignoring Him. He allowed us to live long enough to do this inspirational CD that we want to use to inspire people to get closer to God.” The as-yet-untitled anticipated album is tentatively scheduled for release later this year.5/19/09: Mariah Carey
On May 23, Mariah Carey is set to perform a one-hour set at the opening of the most expensive resort in Europe, The Mardan. Carey alongside legendary British soul singer Tom Jones will reportedly be paid £1 million each to perform at the exclusive £926 million Turkey development, which features five acres of fresh water swimming pools and a sunken aquarium. Actress Sharon Stone and Paul McCartney are among the many guests invited to the 560 room hotel opening.Chip Somodevilla, Getty Images
5/19/09: Will Downing
Overcoming his bout with the muscle disorder Polymyositis, Will Downing has set the stage to release is latest musical offering, ‘Classique.’ The balladeer’s 14th album and second Peak Records project features his signature baritone vocals over 10 smooth-sensual tracks. Vocalist Phil Perry joins the ‘After Tonight’ singer for Marvin Gaye penned ‘Baby I’m for Real.’ Other album highlights include ‘Love Suggestions,’ ‘More Time,’ ‘Something Special’ and Barry White‘s classic hit ‘I’m Gonna Love You Just A Little More Baby.’ ‘Classique’ hit stores June 16.Verve
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Tips For Dating An Older Woman
For mature women dating can be a difficult prospect. Life can be a challenge in many respects, from maintaining a career to maintaining a healthy social and dating life. Demands on our time and our abilities are higher than ever. The pace of life is faster, and the potential pitfalls can be greater, particularly as we get older.
This can be especially true for a mature woman, particularly one who is coming out of a long-term marriage and now suddenly finds herself on her own. Single again, on their own, many older women are frightened when faced with the prospects of seeking out a new intimate relationship. They fear the potential roadblocks to cultivating a new and healthy relationship, and these fears often unnecessarily stand in their way of finding a loving partner.
Fear can be a debilitating problem for mature women dating in today’s society, and unfortunately those fears are often unfounded. Senior women are looked on in a different light these days, not simply relegated to living up to the stereotype of a woman who should put her sexual life behind her. Indeed, older women are considered more vital and healthy than ever before; by wide segments of the population. Which means that these new levels of acceptance should encourage mature women to put aside their fears and concerns and actively pursue a healthy dating relationship.
Some mature women dating men, whether they happen to be of similar age or even younger, are demanding more from their relationships. Expectations are higher because more mature women no longer are accepting of the old society rules which say that an older woman should be more reserved and modest. These days, older women are more and more participating in healthy activities like exercise and good nutrition.
Older women are maintaining and even improving their minds and bodies, and are now refusing to deny that they continue to be sexual beings. In years past, such an assertive and aggressively vital older woman might have been considered in a negative light. Today, the healthy desires of a mature woman dating a man, older or younger, are earning well-deserved respect.
All of this means that men who are actively seeking a relationship with a more mature woman had better be prepared to take on the challenge. Older and active women are demanding more from their dates, they are no longer simply happy to “get out of the house”. They want to be respected and appreciated and thought of as sophisticated in ways that were once reserved for the typical older distinguished gentlemen.
Their potential mates should be on notice that the senior and single women of today expect to be highly valued by their partners. And in fact, that’s exactly how it should be. Older women need no longer accept “something less” from their intimate relationships. Despite the many challenges and potential pitfalls, for mature women dating can be fun, exciting, thrilling and fulfilling.
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Dr. Boyce Money: What Chris Brown Can Learn From R Kelly
I spoke about Chris Brown on CNN not too long ago, and I am sure I’ll be talking about him now. Given his shocking 5-year probationary smackdown by a judge, I am sure that Chris has been humbled beyond belief. Even I was surprised to see him get this kind of punishment. But the truth is that when we make personal decisions, there is a piper to be paid, and sometimes that piper wants more compensation than we wish to deliver.
But Chris Brown is far from finished, and I expect him to be back on top in no time. The Chris Brown brand is still worth hundreds of millions of dollars, since corporate America is very good at working around the emotional to secure the logical value of their financial assets. Here are some things to keep in mind as Chris tries to rebuild his damaged career.
If R. Kelly can make a comeback, anybody can. I confess that R. Kelly honestly sickens me. I hate to say it this way, but the idea of a man doing what he is alleged to have done to that little girl makes me as angry as you can ever possibly imagine (and yes, I do believe that was him in that video). What disturbs me even more is that the American public let the entire issue go as soon as Kelly released another hit song. This sends a horrible message to young black women, reflecting the fact that our culture does not value their well-being as much as we value a hit song about going to the club, getting drunk and having irresponsible sex at the end of the night. Sorry homeboy, but you can’t serenade your way into my good graces or that of any other conscientious African American. There are simply some lines entertainers cannot cross and being found “not guilty” is not the same as being found innocent.
In spite of the obvious critique one can thrust on R. Kelly, the oddest thing is that R. Kelly’s model of career recovery can serve as an instruction manual for Chris Brown. The first segment of that lesson came during R. Kelly’s first BET interview after the child pornography allegations were made. During the interview, I noticed that the singer kept repeating the phrase, “Just focus on my music.” He repeated the phrase several times, as if his business manager had coached him to do so. Upon processing things later, the translation here was simple: If you are focused on his music, you will forgive him for the fact that he’d been accused of doing nasty things to someone’s 13-year old daughter. Yes it’s sick. Yes, it bothers me. But yes, it’s the truth and it has worked quite well for R. Kelly and his business model (notice that it took him a while to release his latest album after the trial – the public typically cools off and forgets almost anything you’ve done if enough time passes).
Similar to the R. Kelly situation, I’ve noticed that many female music fans really don’t care that Chris Brown is a man who seems to believe that it’s O.K.to use a woman’s face as a punching bag. The report that he used the big ring on his finger to inflict even more damage to Rihanna reminds you of the late Ike Turner. I hope he takes his domestic violence counseling seriously, since he can’t go on living like this.
In the music industry, fans are quick to accept eccentric behavior from celebrities. The public took no issue with Michael Jackson’s problematic relationships with children and there are many other scenarios in which a hit record is enough to take value judgments off the radar screen. Personally, I find myself in constant shock at the kind of language Lil Wayne’s female fans allow him to use to consistently disrespect them. It almost seems that a polite Lil Wayne would not sell nearly as many records as the drunken, outlandish rapper who appears to have a serious drug problem.
Value systems aside and with the focus back on business, a black entertainer can rebuild his career after an arrest by doing the following things:
1) Just say that Jesus healed you. People always buy that one. It worked for R. Kelly. References to God, even when insincere and blatantly hypocritical, invoke deeply entrenched sensibilities within African Americans. Personally, I need proof that you’ve really changed, not just your statement that Jesus came to you in a dream.
2) Sincerely apologize. People always love a good apology.
3) Make a really hot song. If people are dancing to your music, they usually forget that you might want to punch out their daughter or think that she’s a garden tool. Unfortunate, but true.
4) Remember the truth: People really don’t care that much about the celeb’s personal life and are looking for an excuse to forgive him anyway. I recall speaking to someone who works for a major network, and I was in awe over how nonchalant she was about the R. Kelly situation. All she kept saying was, “Well, he ISSSS talented,” as if his talent forgives him for any sin committed in the present, past or future. I bumped into a radio exec at a major station in Chicago and listened to him essentially say the same thing when explaining why his station adjusted its policy against playing R. Kelly music shortly after the allegations. The fact is that people just don’t care.
Chris Brown’s brand will remain strong in the music industry. From a business standpoint, it is also ironic that being arrested may actually be a “coming out” party for him, reinventing him for the world as the tough, borderline thug that many women seem to love (remember when Lauren London said she had a crush on Ol Dog from Menace to Society – a man known for being the craziest gang banger in entertainment history?). These coming out parties are common, as you typically see young actresses do sexy magazine covers on their 18th birthday (i.e. when “Simply Raven” became “Sexy Raven” and when Rudy Huxtable played a prostitute in her latest film), or male entertainers trying to look mean and “tatted up” to break away from their good boy image (i.e. Lil Bow Wow….I mean, Bow Wow). It’s all about branding. The craziest thing about the Chris Brown situation is that being arrested for beating a woman could actually work to his advantage. So, our adoration for Chris Brown (actually, other people’s adoration, since I don’t respect any man who would do that to a woman) is a reflection of our society and a nasty look in the mirror for all of us. I should say, however, that I consider Chris Brown to be far different from R. Kelly: He is still a very young man who makes mistakes and could possibly become a decent adult with guidance and significant intervention – which spoiled celebrities seldom receive.
Don’t be surprised to see Chris hanging out with more rappers, where it’s actually a good thing to be arrested. He’s going to have a few more tattoos, a meaner “mug” on his next album and present a brand that embraces the hardcore image, yet not so hardcore that you won’t believe him when he sincerely apologizes and says that Jesus saved him. The new Chris Brown will be interesting.
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Tribute to a Titan of Public Service
During a legislative career spanning five decades, Sen. Edward M. Kennedy was a powerful, often irresistible, force for change in America.