James Patterson, the best-selling author of thrillers and romance and young adult novels, has pledged to give away $1 million of his personal fortune to independent booksellers around the country. Today, he announced the names of the dozens of booksellers who are receiving grants in the first round of his big giveaway.
The money is heading toward smaller bookstores, which are under pressure from competitors like Amazon and e-books. Patterson's own books are big sellers everywhere — he doesn't depend on small bookstores to succeed. But his giveaway is driven by a broader concern.
A broken pipe funneled 30,000 tons of toxic coal ash into the Dan River in North Carolina earlier this month, turning it gray. The pipe has been plugged, but the spill has reignited a fight over storage of coal ash, and scrutiny of the state regulators responsible for monitoring it.
Originally published on Thu February 20, 2014 6:05 am
Energy Secretary Ernest Moniz announced a multibillion-dollar loan guarantee Wednesday for building nuclear reactors in Georgia, underscoring the White House's plan for an "all of the above" energy strategy.
The two reactors will be the first built in this country in nearly three decades.
Originally published on Wed February 19, 2014 7:01 pm
Seeking new ways to be a player in mobile messaging, Facebook announced today that it will acquire the fast-growing WhatsApp firm for some $16 billion in cash and stock. The deal includes an additional $3 billion in Facebook stock for the employees of WhatsApp, who would see the shares vest over four years.
This is the second headline-grabbing acquisition by Facebook, following the $1 billion deal for Instagram that was announced in the spring of 2012. The new deal calls for Facebook to pay $4 billion in cash, along with around $12 billion in stock.
If there is such a thing as a home rink advantage, that makes the competition in the women's figure skating program fierce. Russian fans erupted with glee for Adelina Sotnikova on Wednesday. And then there's Yulia Lipnitskaya, a 15-year-old Russian phenom who has thrilled Russian fans and stunned the figure skating world.
Scott Hamilton, a 1984 figure skating gold medalist, has been watching Lipnitskaya closely.
"She's beyond her years. Like, you look at her and she qualified [to be age-eligible] for the Olympics by days," he says.