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Huang Jianhua's given name means "building China," but the sports promoter, who goes by the English name Ken, may be more interested in building U.S. basketball. According to basketball sources, the Chinese-born Huang is brokering a deal between the Cleveland Cavaliers and a Hong Kong real estate and telecommunications conglomerate called New World Development to buy up to a 15% minority stake in the National Basketball Association (NBA) franchise and its sports arena. The Cavs, who are currently battling the Orlando Magic for the Eastern Conference title, boast this season's most valuable player, LeBron James...
...copper and steel statue - formally named Liberty Enlightening the World - has been a fixture of New York City and a symbol for the nation since its dedication by President Grover Cleveland in October 1886. The 225-ton monument arrived a year earlier in 214 crates as a gift from France. Including her pedestal and foundation, Lady Liberty reaches 305 feet; her index finger measures eight feet long, tipped by a 13-inch fingernail. Designed by French sculptor Frederic-Auguste Bartholdi to celebrate the centennial of the Declaration of Independence, the statue's $250,000 tab was covered via donations...
...unemployment, says Edmund Phelps, a professor at Columbia University in New York and winner of the 2006 Nobel Prize in economics. "It was 5.5 percent; maybe it will be 6.5 percent, maybe 7 percent." Phelps has a number of equally qualified experts who agree with him. (See pictures of Cleveland struggling with unemployment...
...home prices and very low mortgage rates, all of the elements for a recover in housing are missing. Those two things should be enough, but balanced against them are shrinking access to credit, an inability of Americans to get higher wages, and crippling unemployment. (See pictures of Cleveland struggling with unemployment...
...agent pool.Penn’s Ben Noll is on the practice squad for the Detroit Lions, while Brown alum Chas Gessner, after getting released by the Seahawks, signed with the Orlando Predators of the Arena Football League, where he scored three touchdowns in their playoff loss to the Cleveland Gladiators.Princeton’s Ross Tucker is, in my opinion, the consummate Ivy Leaguer. After getting cut by the Redskins, Tucker took up journalism and writes occasionally for SI.com. He also sometimes hosts for Sirius NFL Radio, and he co-founded a high school recruiting website called GoBig Recruiting...