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...consumers in the late '50s, folk music was the Kingston Trio, with their frat-boy élan and their repertoire purloined from Seeger and other traditionalists. Then one man suggested that the genre could be bigger. "The American public is like Sleeping Beauty, waiting to be kissed awake by the prince of folk music," said Albert Grossman, a Chicago entrepreneur, at the first Newport Folk Festival, in 1959. Bob Dylan, whose manager Grossman became in 1962, may have been that prince, but the raspy-voiced kid needed troubadours to sell his message to the masses. Grossman had seen Travers perform...
...During his time at the Lampoon Conan O’Brien told Burt Ward, the man known for his role as Robin in Batman, that he represented a security firm retained to protect his Robin costume during Ward's visit to Harvard. By masquerading as a security firm O’Brien stole the costume, allegedly one of Ward's few sources of income, and took it back to the castle where members of the Lampoon repeatedly tried it on until the police forced them to return it. But at 6’5” O’Brien...
...banks and lenders to dole out money to borrowers and reimburses companies up to 97% of the cost of any loan that is not paid back. The second way is the direct-loan program, created in 1993 as an alternate option, in which the government cuts out the middle man, lends money directly and gets all the profits. If the Student Aid and Fiscal Responsibility Act (SAFRA) passes both houses of Congress, the approximately 4,500 colleges and universities that are currently signed up for FFEL will have to abandon the program and start using the direct-loan option...
Business magnate Salah Ezzeddine was known as a pious, generous man. Hailing from a small Shi'ite Muslim town in southern Lebanon, he was a success story among the country's poorest, historically marginalized religious sect. With his reputation for generosity (he built a stadium and a mosque for his hometown of Maaroub, sponsored pilgrimages to Mecca and published children's books), few were suspicious when Ezzeddine promised investors a share of his business with the lure of outstanding returns - from 20% to 40% - and few details of how the plan worked or guarantees or paperwork. Still, what he seemed...
...media dubbed Ezzeddine the Lebanese Bernie Madoff. Last weekend the Lebanese government charged him with fraud. All across the Shi'ite-populated regions of Lebanon, thousands of small investors - many of whom bundled small sums of money with their neighbors to give to Ezzeddine - feel betrayed by both the man and the organization. "I inherited $100,000 from my father to continue my studies. I invested them with Ezzeddine, and now all my dreams are destroyed," says Mohammad, a 25-year-old student from Maaroub. "I don't know what I was thinking when I invested with him. We thought...