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...Schwarzman, Blackstone's CEO and one of its co-founders. "It's a moment of structural change in Europe." The American moneymen last year were involved in about one-third of all European buyouts, doing deals worth more than $25 billion. That's triple the amount in 2001 (see chart). And there's no end in sight: several of the groups, including Blackstone and KKR, are in the process of setting up new investment funds aimed in part or entirely at Europe...
...engaging in wildly inappropriate behavior with his 14-year-old goddaughter. You might think the stigma of such charges would have an effect on Kelly's 10-year reign as R&B's most beloved entendrist. You'd be wrong. His new album, TP.3 Reloaded, entered Billboard's album chart at No. 1 last week, selling a robust 491,000 copies and earning mixed, but not outraged, reviews. Other famous people--Bill Clinton, Kobe Bryant--have remained popular while dealing with sex scandals, but their entanglements were with adults and their professions did not provide a constant reminder...
...years backing such artists as David Bowie, Roberta Flack and Carly Simon, he released the first of 15 well-received solo albums, which included such R. and B. hits as Give Me the Reason, Here and Now and Love Won't Let Me Wait. But he longed for a chart-topping crossover, which he achieved in 2003 with the starkly intimate Dance With My Father, a homage to the parent he lost at age 7. When accepting four Grammy Awards last year via videotape, a wheelchair-bound Vandross said: "Remember, when I say goodbye, it's never for long...
...after years of backing artists like David Bowie and Roberta Flack, he released the first of 15 well-received solo albums, which included such R&B hits as Give Me the Reason, Here and Now and Love Won't Let Me Wait. But he longed for a chart-topping crossover and in 2003 achieved it with the starkly intimate Dance with My Father, an homage to the dad he lost...
...Americans over 14 are illiterate. This survey assumed that anyone who had finished the fifth grade could read, and fostered the notion that most illiterates are elderly rural people who never got that far in school. The new study shows that the majority of nonreaders are under 50 (see chart) and many have attended high school. Particularly troubling is a 22% illiteracy rate among blacks, many of whom were moved through school by automatic-promotion policies but learned little on the way. Observes Barnes: "Too many blacks [who failed the test] were passed along from year to year at school...