Another celebrity falls prey to death rumors singer Rick Astley


Another hour, another celebrity death rumour. This time the story is that 80’s pop sensation Rick Astley was found dead in a German hotel room. Here’s the very official-looking news report that’s making the rounds - I haven’t been able to verify it, so don’t start putting together your Rick Astley tribute on your MySpace page just yet.

Singer-Songwriter Rick Astley Found Dead in Berlin Hotel Room

By LIZ SIDOTI

The Associated Press

Monday, June 30, 2009 1:00 AM

Berlin — Known for his 80’s pop hit “Never Gonna Give You Up,” the 43-year-old Rick Astley has been pronounced dead today. Astley’s body was found at the Angleterre Hotel in Berlin after an ambulance responded to an emergency call from his hotel room.

Astley was found unconscious in his hotel bedroom and was unable to be resuscitated. He was pronounced dead on the scene.

Astley was in the middle of a concert tour that would have ended in late August of 2009. He was to return to the United Kingdom at that time.

© 2009 The Associated Press

So, is this yet another celebrity passing or have we all been Rick Rolled? I have a feeling it’s the latter, and I’m sure Astley’s wife, producer Lene Bausager would find any of these rumors amusing and I imagine it would be especially hard on his daughter, Emilie. To all of you out there who are starting these death rumours - remember there’s a kid somewhere who would be devastated to hear that a parent has died.

Don Cornelius Reminisces Michael


Don Cornelius, the creator and host of the long-running TV musical institution 'Soul Train,' reminisces about when he discovered the prodigious and precocious musical talents of the late Michael Jackson."I met Michael Jackson at the age of 8, when his father and my new friend, Joe Jackson, first began to bring the Jackson 5 to Chicago, from their home in Gary, Indiana, for concert appearances," Cornelius tells Spinner. "The word of the Jackson 5's devastating abilities as concert artists had already begun to spread like an out-of-control forest fire to the laser-like attention of all Chicago area R&B music stars."The prevailing thought process among local R&B stars with respect to this very young group of entertainers known as the Jackson 5 had become, 'If Michael Jackson and his brothers were booked on an upcoming Chicagoland show, leave it alone! Don't book it! Don't go on that show and get completely blown away by young Michael and the Jackson 5!'"In regard to the superstar that 8-year-old boy would become, Cornelius has this to say: "Michael Jackson's personal crescendo of amazing power as an entertainer was clear and unmistakable, and has never slowed to this very day! His passing will be grieved far beyond that of any other singer, composer, producer, dancer and choreographer in the history of the world. Indeed, in my very firmest personal belief, there will never, ever, be another Michael Jackson!"

Gene Predicts How Brain Responds To Fatigue, Human Study Shows


New imaging research in the June 24 issue of The Journal of Neuroscience helps explain why sleep deprivation affects some people more than others. After staying awake all night, those who are genetically vulnerable to sleep loss showed reduced brain activity, while those who are genetically resilient showed expanded brain activity, the study found. The findings help explain individual differences in the ability to compensate for lack of sleep.

"The extent to which individuals are affected by sleep deprivation varies, with some crashing out and others holding up well after a night without sleep," said Michael Chee, MBBS, at the Duke–National University of Singapore Graduate Medical School, an expert on sleep deprivation who was not affiliated with the study. However, studying how the brain produces these behavioral differences is difficult: researchers usually do not know whether their study participants will be vulnerable to sleep deprivation until after a study is complete. Previous studies have shown conflicting results, perhaps because the study subjects differed widely in vulnerability to sleep deprivation.

In the current study, the researchers, led by Pierre Maquet, MD, at the University of Lìege in Belgium and Derk-Jan Dijk, PhD, at the University of Surrey in the United Kingdom, avoided this problem by selecting study participants based on their genes. Previous research showed that the PERIOD3 (PER3) gene predicts how people will respond to sleep deprivation. People carry either long or short variants of the gene. Those with the short PER3 variant are resilient to sleep loss — they perform well on cognitive tasks after sleep deprivation. However, those with the long PER3 variant are vulnerable — they show deficits in cognitive performance after sleep deprivation. Now the new study explains why.

The authors imaged study participants while they did a working memory task that requires attention and cognitive control — also called executive function. The researchers imaged each participant four times: the night before and the morning after a good night's sleep, and the night before and morning after a sleepless night.

They found that the resilient, short gene variant group compensated for sleep loss by "recruiting" extra brain structures. In addition to brain structures normally activated by the cognitive task, these participants showed increased activity in other frontal, temporal, and subcortical brain structures after a sleepless night.

In contrast, after a sleepless night, vulnerable participants, the long PER3 group, showed reduced activity in brain structures normally activated by the task. These participants also showed reduced brain activity in one brain structure — the right posterior inferior frontal gyrus — after a normal waking day. These data are consistent with previous research suggesting that people with the long gene variant perform better on executive tasks earlier, but not later, in the day.

"Our study uncovers some of the networks underlying individual differences in sleep loss vulnerability and shows for the first time how genetic differences in brain activity associate with cognitive performance and fatigue," said study author Maquet. "The data also provide a basis for the development of measures to counteract individual cognitive deficits associated with sleep loss," he said.

"This study and others like it could help in identifying those who may be at risk for performance decline in jobs where sleep deprivation is an integral feature, for example- all-night health care staff, senior decision makers, commercial aircraft pilots, and truck drivers. Such knowledge might also guide the development of more effective, possibly personalized countermeasures for at-risk people," said Chee, the expert unaffiliated with the study.

The Belgian Fonds de la Recherche Scientifique, Queen Elizabeth Medical Foundation, University of Lìege, Interuniversity Attraction Pole – Phase V, Wellcome Trust, and Biotechnology and Biological Sciences Research Council supported the research.

Rating Attractiveness: Consensus Among Men, Not Women, Study Finds


Hot or not? Men agree on the answer. Women don't.

There is much more consensus among men about whom they find attractive than there is among women, according to a new study by Wake Forest University psychologist Dustin Wood.

The study, co-authored by Claudia Brumbaugh of Queens College, appears in the June issue of theJournal of Personality and Social Psychology.

"Men agree a lot more about who they find attractive and unattractive than women agree about who they find attractive and unattractive," says Wood, assistant professor of psychology. "This study shows we can quantify the extent to which men agree about which women are attractive and vice versa."

More than 4,000 participants in the study rated photographs of men and women (ages 18-25) for attractiveness on a 10-point scale ranging from "not at all" to "very." In exchange for their participation, raters were told what characteristics they found attractive compared with the average person. The raters ranged in age from 18 to more than 70.

Before the participants judged the photographs for attractiveness, the members of the research team rated the images for how seductive, confident, thin, sensitive, stylish, curvaceous (women), muscular (men), traditional, masculine/feminine, classy, well-groomed, or upbeat the people looked.

Breaking out these factors helped the researchers figure out what common characteristics appealed most to women and men.

Men's judgments of women's attractiveness were based primarily around physical features and they rated highly those who looked thin and seductive. Most of the men in the study also rated photographs of women who looked confident as more attractive.

As a group, the women rating men showed some preference for thin, muscular subjects, but disagreed on how attractive many men in the study were. Some women gave high attractiveness ratings to the men other women said were not attractive at all.

"As far as we know, this is the first study to investigate whether there are differences in the level of consensus male and female raters have in their attractiveness judgments," Wood says. "These differences have implications for the different experiences and strategies that could be expected for men and women in the dating marketplace."

For example, women may encounter less competition from other women for the men they find attractive, he says. Men may need to invest more time and energy in attracting and then guarding their mates from other potential suitors, given that the mates they judge attractive are likely to be found attractive by many other men.

Wood says the study results have implications for eating disorders and how expectations regarding attractiveness affect behavior.

"The study helps explain why women experience stronger norms than men to obtain or maintain certain physical characteristics," he says. "Women who are trying to impress men are likely to be found much more attractive if they meet certain physical standards, and much less if they don't. Although men are rated as more attractive by women when they meet these physical appearance standards too, their overall judged attractiveness isn't as tightly linked to their physical features."

The age of the participants also played a role in attractiveness ratings. Older participants were more likely to find people attractive if they were smiling.

Pastor defends exorcism of gay man


A pastor defended a video posted on YouTube of an exorcism of a gay man, saying her church does not hate gay people, it just does not believe in their lifestyle.

The video, which has sparked outrage among gay-rights advocates, shows a young man writhing around on the floor at the Manifested Glory Ministries church in Stamford, Conn., as elders cast a "homosexual demon" from his body.

The video, which was taken six or seven months ago, has since been removed from the Web site. It is not clear who posted it.Pastor Patricia McKinney said the man in the video told the nondenominational church "he did not want to live this way."

"Every Sunday we call people up to the altar who want to be delivered from any spirit that causes them to not be able to function," McKinney told CNN on Thursday. "We were just beginning to worship the Lord and all of a sudden he hit the floor."

She described the man, whom she did not identify, as very religious and spiritual.

"Manifested Glory Ministries is not against homosexuality. We do not hate them. We do not come up against them. We do just not believe in their lifestyle," McKinney explained.

'Casting shame'
One religious figure said he understood the man's situation because he went through the same experience.

The Manifested Glory Ministries was "acting out of ignorance by equating homosexuality to demon possession," the Rev. Roland Stringfellow, of the Center for Lesbian and Gay Studies in Religion and Ministry of Berkeley, Calif., told Reuters.

Stringfellow said he was exorcised twice at a different church when he asked for help to deal with his own homosexuality.

"This young man who obviously went for help ended up being damaged I believe," he said. "I am concerned about the emotional and spiritual scars he has. I felt what they were doing was casting not a demon out, but casting shame."The uproar over the video coincides with gay-pride week, marking the 40th anniversary of the Stonewall riots in New York City's Greenwich Village that triggered the modern U.S. gay-rights movement. The annual march through Manhattan is set for Sunday.

A push for gay marriage to be legalized has gathered momentum around the United States and is already allowed Massachusetts, Connecticut and Iowa. Gay couples will be allowed to marry in Vermont starting in September and New Hampshire in January.

Some states provide for same-sex unions that grant many of the same rights as marriage. Forty-two U.S. states explicitly prohibit gay marriage, including 29 with constitutional amendments, according to Human Rights Campaign, a gay-rights advocacy group.

Booby-trapped motorcycle kills 11 in Baghdad


BAGHDAD - A booby-trapped motorcycle exploded in a crowded bazaar Friday in Baghdad, killing at least 11 people and wounding dozens, Iraqi officials said.
It was the latest in a week of attacks that have killed some 200 people ahead of next week's deadline for U.S. troops to withdraw from urban areas in Iraq.
The explosion occurred just after 9 a.m. when the market was packed with young people buying or selling motorcycles under the shadow of a Sunni mosque in central Baghdad, police and hospital officials.Nobody claimed responsibility for the attack, but insurgents frequently target crowded market districts to try to maximize casualties. The motorcycle bazaar is only open on Fridays.
The market has been hit by several bombings in the past, but Iraqis have resumed flocking to the area due to security gains that have sharply driven down the level of violence.
Police and hospital officials, who spoke to The Associated Press on condition of anonymity because they weren't authorized to release the information, gave the death toll and said more than 40 people also were wounded.

‘Great victory’?

The escalation in violence is undermining Prime Minister Nouri al-Maliki's declaration of a "great victory" in the U.S. pullout from urban areas by Tuesday's deadline. He has declared June 30 a national holiday to be marked with celebrations.
U.S. and Iraqi officials have warned they expect more violence in the days surrounding the deadline but insist the withdrawal will go ahead as scheduled.
Under a security pact, the Americans must pull back from cities by June 30 and from the entire country by the end of 2011. But the continued violence has raised concerns about the readiness of Iraqi security forces to protect the people.

Farrah Fawcett dies from cancer at 62


Actress Farrah Fawcett, whose layered blonde mane and ubiquitous swimsuit poster transformed the once-unknown "Charlie's Angels" star into a '70s icon, died Thursday. She was 62.
Fawcett - who waged a three-year battle against anal cancer - died shortly before 9:30 a.m. in a Santa Monica, Calif., hospital, said her spokesman, Paul Bloch.
The Texas-born actress chronicled her valiant fight for survival in a two-hour documentary. Her longtime love, actor Ryan O'Neal, was at her bedside with Fawcett's 91-year-old father, friend Alana Stewart, hairdresser Mela Murphy and doctor Lawrence Piro when the sex symbol passed away.
"After a long and brave battle with cancer, our beloved Farrah has passed away," O'Neal said in a statement.
"Although this is an extremely difficult time for her family and friends, we take comfort in the beautiful times that we shared with Farrah over the years and the knowledge that her life brought joy to so many people around the world."
Stewart, in a statement, said she was devastated by the death of her close friend of 30 years.
"Although I will miss her terribly, I know in my heart that she will always be there as that angel on the shoulder of everyone who loved her," Stewart said.
Fawcett's co-stars from "Charlie's Angels" also mourned the loss of their friend.
"Farrah had courage, she had strength, and she had faith," said Jaclyn Smith. "And now she has peace as she rests with the real angels."
Cherly Ladd recalled Fawcett as "incredibly brave ... God will be welcoming her with open arms."
Just days before her death, O'Neal said he hoped Fawcett would hang on long enough for them to wed.
"I've asked her to marry me, again, and she's agreed," O'Neal, 68, told Barbara Walters in a "20/20" interview.
"As soon as she can say yes," he said. "Maybe we can just nod her head."
The former pinup traveled the world in search for a cure for her disease, allowing cameras to capture her treatment and inner thoughts.
"I know that everyone will die eventually, but I do not want to die of this disease. I want to stay alive," she said.
"So I say to God, because it is, after all, in his hands: It is seriously time for a miracle."
By the time the documentary "Farrah's Story" aired in mid-May to 9 million viewers, Fawcett was gravely ill, too sick to attend her own premiere. And the miracle she prayed for never came.
Fawcett burst into the national consciousness during the Bicentennial, debuting in September 1976 as one of three gorgeous female investigators on "Charlie's Angels."

"King of pop" Michael Jackson dies at 50


Michael Jackson, 50, died yesterday in Los Angeles as sensationally as he lived, as famous as a human being can get. He was a child Motown phenomenon who grew into a moonwalking megastar, the self-anointed King of Pop who sold 750 million records over his career and enjoyed worldwide adoration. But with that came the world's relentless curiosity, and Mr. Jackson was eventually regarded as one of show business's legendary oddities, hopping from one public relations crisis to another.
In the end there were two sides to the record: The tabloid caricature and the provocative, genre-changing musical genius that his fans will always treasure. There were those whose devotion knew no bounds, who visited the gates of his private ranch north of Santa Barbara, Calif., arriving at Neverland on pilgrimages from Europe and Asia, and who were among the first to flock to UCLA Medical Center as news of his death spread yesterday afternoon. Those were the same kind of fans who camped out at the Santa Barbara Superior Courthouse, to show their support during his 2005 trial. They released doves and wept when he was acquitted.
Then there was the other kind of fan, who preferred to keep memories of the singer locked firmly in his 1980s prime: Today's young adults all have memories of being toddlers and grade-schoolers who moonwalked across their mother's just mopped kitchen floors. Even the hardest rockers will easily confess to the first album they ever bought: "Thriller."
"I am just dev-as-tated," said Bridgette Cooper, 44, of Mitchellville, who was driving her children to math tutoring when her 12-year-old got the news by text. "I don't ever remember not loving him. I have been a fan forever. Even through the turmoil and the public spectacle, I still loved him and his music."
Mr. Jackson's death set off an instant media frenzy befitting the later chapters of his celebrityhood. The singer suffered an apparent heart attack at one of his residences in Bel-Air. Paramedics said Jackson was not breathing when they arrived at 12:26 p.m. Pacific time. The singer was brought to the UCLA Medical Center at 1:14 p.m. PDT and pronounced dead at 2:26 (5:26 Eastern).
Web sites began reporting that the singer had been taken to the hospital. Soon, streets in the Westwood neighborhoods around the hospital were clogged with traffic as crowds of onlookers formed, much as they did wherever the singer had appeared. Soon enough, they were dancing and playing Mr. Jackson's music, as a helicopter flew away with his body, en route to the coroner. All around the world, from Los Angeles to Adams Morgan to Times Square to Tokyo and beyond, people cued up Mr. Jackson's songs -- some digging out cassettes and LPs.
Mr. Jackson's brother, Jermaine, told reporters that "it is believed [Mr. Jackson] suffered cardiac arrest" and that the star's personal physician had tried to revive him. Jermaine Jackson then asked for something his family is unlikely to get in the next several days: privacy. "And may Allah be with you, Michael, always," he said.
"For Michael to be taken away from us so suddenly at such a young age, I just don't have the words," producer Quincy Jones said. "To this day, the music we created together on 'Off the Wall,' 'Thriller' and 'Bad' is played in every corner of the world and the reason for that is because he had it all . . . talent, grace, professionalism and dedication. He was the consummate entertainer and his contributions and legacy will be felt upon the world forever. I've lost my little brother today, and part of my soul has gone with him."
"On the one hand, it's shocking," said Alan Light, a journalist who has edited Spin and Vibe magazines. "On the other, everybody had the sense that there was not going to be a happy ending to this story. I don't know what other final chapter there was going to be. . . . It's almost impossible to overstate the impact he had on popular music and popular culture. He really defined what the music video could be. He was the ultimate crossover figure, bringing black music and rock-and-roll together. He is someone who will be remembered as an absolute superstar. He may have lost some of his popularity in the United States, but he remained a superstar in corners of the world not visited by other artists."
Mr. Jackson's career began as a family business in Gary, Ind. As the Jackson 5, the group moved in a comparatively short time from local talent contests to national stardom, with the encouragement of established artists including Gladys Knight. Driven by their father in a borrowed Volkswagen van, the Jackson 5 appeared in Chicago, at New York's Apollo Theater and as the opening act for the Temptations and Smokey Robinson and the Miracles. At Knight's urging, Motown owner Berry Gordy signed the group to a contract in 1968.
Two years later, when Michael was 12, the Jackson 5 had four No. 1 hits, including "ABC" (which won a Grammy Award as best pop song) "I Want You Back" and "I'll Be There." Under Gordy's intensive grooming, the Jackson 5 achieved an astounding degree of mass popularity among black and white audiences. Their concerts caused near-riots, with young Michael becoming an unlikely prepubescent sex symbol and a Saturday morning cartoon.
Mr. Jackson began to emerge as a solo artist with the album "Got to Be There" (1971), which included the hit song "Rockin' Robin."
At 15, his voice broke, giving him a range from soprano to tenor. At the same time, the Jacksons began to chafe under the strict artistic control of Gordy and demanded greater artistic freedom. In 1975, the Jacksons left Motown for CBS's Epic label, but Gordy managed to keep the rights to the Jackson 5 name. Michael and his brothers continued performing as the Jacksons, and in 1978 Michael sang and danced as the Scarecrow in the film "The Wiz," an all-black remake "The Wizard of Oz" starring one of Jackson's idols, Diana Ross.
Jones, who produced "The Wiz's" soundtrack, agreed to produce Mr. Jackson's next solo album. Their first collaboration, "Off the Wall" (1979), sold 9 million copies and had four Top 10 hits. In 1982, Mr. Jackson released his next, "Thriller," which was also produced by Jones. It became an instant phenomenon, selling more than 40 million copies globally and yielding seven Top 10 hits, including "Billie Jean," "Beat It" and the title track.
"Thriller" won eight Grammy Awards, but it was Mr. Jackson's breathtaking performances on music videos accompanying the album that became instantly memorable. He choreographed the exciting dance routines, which featured his showstopping moonwalk, acrobatic moves and uncanny precision. He started wearing a white glove on one hand, which became one of his sartorial signatures. Several guest stars, including Paul McCartney, Eddie Van Halen and Vincent Price, appeared on videos from the album.
His 1987 album, "Bad," sold 30 million copies and produced five No. 1 singles, including the title track, "I Just Can't Stop Loving You" and "Man in the Mirror." Videos from the album dominated MTV. By the time of his 1991 album, "Dangerous," Mr. Jackson had parted ways with producer Jones. Although the album sold 32 million copies, it was seen as something of an artistic letdown.
In his 30s, Mr. Jackson started to become more enigma than entertainer. He straightened his hair and nose, beginning a process of almost surreal self-reconstruction. In time, Jackson's skin turned from brown to a pale, ghostly white, his nose shrank from repeated plastic surgery, and his frame remained painfully gaunt. He wore outlandish costumes in public, spoke in an airy, high-pitched whisper.
His world devolved into a series of tabloid headlines that reported rumors or facts about everything from his curious pet ownership to the plastic surgeries that drastically changed him. He built a private playland, the sprawling Neverland, replete with an amusement park and zoo, to which he invited scores of underprivileged children. He was accused of abusing a child in the 1990s (a case which was settled out of court in 1994 for a reported amount between $15 million and $24 million).
For all his impact on popular music, Mr. Jackson's life seemed to play out as a metaphor on the delusions and cruelty of fame. He was unlucky in the art of public relations, and sometimes he was just unlucky, as when pyrotechnics set his hair on fire during the filming of a Pepsi commercial.
Other misfortunes he seemed to bring on himself -- and theories about his behavior were never in short supply. People loved to think they had cracked the mystery of Michael: He wanted his face to resemble Liz Taylor's. He hated his appearance because his father and brothers used to tease him. He was repressed, he was asexual, he was an addict, he was a pervert, he was from outer space, he was a genius, he was stupid, he was insane. The truth was never known and Jackson recoiled from media scrutiny, and largely thwarted the assistance of image experts, who displeased him.
In the early 2000s his fortunes and recording contracts waned, and an album, 2001's "Invincible," essentially tanked, selling only 10 million copies worldwide. Mr. Jackson lashed out at his record label and claimed, at an appearance with the Rev. Al Sharpton, that he was the victim of racism. The hits kept not coming, but the headlines did: In November 2002, Jackson appeared to dangle his blanketed infant son over a Berlin hotel balcony while greeting fans and paparazzi below, which brought outrage.
He was briefly married to Elvis Presley progeny Lisa Marie Presley -- a largely symbolic union of pop dynasties. After that marriage was over, he became a father to three children, whose paternal and maternal origins created much speculation: Prince Michael I, who is now 12, and Paris Michael, 11. His youngest child, Prince Michael II (nicknamed Blanket as a baby), is 7. (He is also survived by his siblings and his parents, Joe and Katherine Jackson.)
"I must confess I am not surprised by today's tragic news," Michael Levine, a Los Angeles publicist who represented Mr. Jackson when the singer was accused of child molestation in the 1990s, said in a statement. "Michael has been on an impossibly difficult and often self-destructive journey for years. His talent was unquestionable but so too was his discomfort with the norms of the world. A human simply can not withstand this level of prolonged stress."
Mr. Jackson was planning to appear in a sold-out series of concerts in London next month that would have run until March. Promoters of the concerts had recently said that the singer had passed a physical examination to assuage any doubts he was ready for a comeback.
But what sort of comeback? It seemed increasingly futile. Michael Jackson's many observers (a media cottage industry all its own) generally regard a 2003 television interview he gave as the beginning of his end. In that interview, with British journalist Martin Bashir, Mr. Jackson appeared holding hands with a young boy who had cancer. Something seemed weird. Something always seemed weird.
That particular weirdness eventually led Mr. Jackson back to court in the spring of 2005, after the boy accused the pop star of molesting him. Mr. Jackson's fragility was never more pronounced than in that Santa Maria courthouse. Here at last was the daily, up-close look at a withered man in a mirror, under the courtroom's fluorescent lights. He was always polite, and always sad. Mr. Jackson was acquitted and spent the rest of his days on the move, on jets and in hotels, dodging bankruptcy proceedings, as if he were on the run from not only what he was, but what the world made him.

Why the Recession Is Good

Since the financial crisis began, Suze Orman—the queen of personal finance—has been criticized for everything from her conservative investment choices to not having predicted the recession. The author of nine personal finance books, including The Money Book for the Young, Fabulous, and Broke, has changed some of her advice, most notably that consumers should pay only the minimum amount required on their credit cards until they set up an eight-month emergency fund. But in general, her parentlike admonitions for consumers to take charge of their money and not be "stupid" have only become more urgent. U.S. News spoke with Orman about the crisis and what people should do with their money now. Excerpts:
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What surprised you most about the current financial crisis?
That it happened at all.
So you didn't see it coming?
I saw real estate coming down; I saw the stock market might be a little whatever. Did I ever, in my wildest dreams, think it would possibly bring down the entire economy of the world? No. Why didn't I think that? I will tell you. I believed the CEOs that went on television and looked in the cameras and told everyone it was going to be OK, that they were fine.
Why did I believe them? I believed them because do you think a normal human being, which I am, would think that after Enron, after WorldCom, after all those debacles and Sarbanes-Oxley and having to sign financial statements, would any CEO be that stupid to go on national television where everything is recorded and look in the camera and lie through their teeth? In a million years, I never thought that would happen.
Do you think you and other financial experts could have done a better job of anticipating the crisis?
I'm a personal finance expert. My expertise is not as an economist, not as a stock market guru, not as a precious metal predictor, or in interest-rate foreshadowing. My job is to look at what happened in the economy and what is going on in the world of finance and to tell people, based on fact, this is what's happening now; this is what you need to do with your personal money. To that end, I think I was really far and above anybody else, and I got attacked for it.
Do you ever worry that by telling Americans to spend less, you will help slow the economy further?
No, because what good does it do to spend money they don't have, to put it on the credit cards? All of a sudden, they lose their job, get sick, or get hit by a car. I can give youstories that are unbelievable. Here you're in a situation where you put going out to eat, [paying for] gym memberships, and getting manicures on a credit card. Now you can't pay anything on your credit cards. Banks can't survive. They're taking TARP [Troubled Asset Relief Program] money. So it's like, if you feel OK with taxpayers paying for the fact that you have DVDs and televisions, then go ahead, keep spending.
Our problems aren't that we aren't spending money. Our problems were that we were spending money that we never had. We were spending money we couldn't afford to spend. That was the solution to the economy—to continue to get yourself in debt.
A lot of people have lost their company 401(k) matches. Should they still put money in?
If your 401(k) does not match and you have credit card debt, hands down, pay off the credit card. However, if you have credit card debt and do not have an eight-month emergency fund or have no emergency fund whatsoever, then do you pay just the minimum or pay off the debt? You pay the minimum on cards, and you save for your emergency fund. I don't care what anybody tells me, what anybody says. Anyone who said they should do something other than that is someone who lives behind a computer screen and is not out talking to people. . . . [Credit card companies] are indiscriminately—across the board—revoking credit cards and reducing credit limits.
Do you think young people have it worse than any other generation, with their higher unemployment rate, high debt levels, and weak job market for graduates?
Right now, they have it so great it's not even funny.

Power of Positive Thinking Is Psychology's Latest Focus


Last weekend, Philadelphia got an injection of positivity when the leading authorities in the field of positive psychology descended on the City of Brotherly Love for the First World Congress on Positive Psychology. Roughly 1,500 practitioners, researchers, and other professionals from around the globe convened to present their latest findings and to describe efforts to disseminate the principles of the discipline. The four-day event was the inaugural conference of the International Positive Psychology Association (IPPA), just a year old.
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Positive psychology itself is a relatively nascent field. Formally founded a decade ago by the University of Pennsylvania's Martin Seligman, its emphasis on what goes right with people was a sea-change from psychology's traditional preoccupation with what goes wrong—from depression and anxiety to mental illness of all flavors. Positive psychology explores the factors that make life worth living, such as happiness, through the study of positive emotions, positive character strengths, and positive institutions. But it shouldn't be confused with self-help.
"It's easy to misunderstand as a kind of happyology...'Take some positive pills, and then you'll feel good,'" says James Pawelski, executive director of the IPPA and director of education and senior scholar at the University of Pennsylvania's Positive Psychology Center. In reality, positive psychology is much broader and deeper than that—and it's scientific, he says. "It's not just about the latest fads in what will bring a smile to your face. It's about randomized controlled trials about what leads to human flourishing."
Several conference presenters shared their research and insights with U.S. News. Here are five areas of life where positive psychology can have an impact:
1. Getting ahead at work. How can people truly flourish at work? That question has been at the center of Michael Frese's positive psychology research for years, and the professor of organizational psychology at Germany's University of Giessen believes he has identified an answer: what he calls "active behavior," which is akin to personal initiative. His studies of employees suggest that people who engage in a high degree of active behavior at work are more successful on the job—they gain more empowerment, meaning they have greater control over their work and their work is more complex; they gain even more personal initiative; and they find new jobs more easily if they become unemployed. Those findings hold true across many different workplaces and countries, he says. And active behavior not only pays off for the individual, he's found, but can change the workplace environment for the better, even boosting a firm's income.
Active behavior is comprised of three components, says Frese. The first is self-starting behavior; self-starters do things not just because a boss demands it, but because they see those things as being important. The second component is proactive behavior, or actions that people take when they think of future opportunities and prepare for them now. The third is persistence in the face of professional obstacles. These three things must all be done together, he says, to lead to positive effects. "Every job you can imagine"—from blue-collar to starchy white—"can be discussed and described in this way," says Frese.

E-mails between Sanford and 'Maria' emerge


COLUMBIA, S.C. - After going AWOL for seven days, Gov. Mark Sanford admitted Wednesday that he'd secretly flown to Argentina to visit a woman with whom he'd been having an affair as steamy e-mail exchanges with his mistress emerged.
Wiping away tears, he apologized to his wife and four sons and said he will resign as head of the Republican Governors Association.
“I’ve been unfaithful to my wife,” he said in a bombshell news conference in which the 49-year-old governor ruminated aloud with remarkable frankness on God’s law, moral absolutes and following one’s heart. He said he spent the last five days “crying in Argentina.” Later Wednesday, The State newspaper in South Carolina released e-mail exchanges between the governor and the woman, identified only as Maria. Sanford's office Wednesday did not dispute the authenticity of the emails, The State reported. One exchange was dated July 10, 2008 when the governor is reported to have written to her:
"Two, mutual feelings .... You have a particular grace and calm that I adore. You have a level of sophistication that so fitting with your beauty. I could digress and say that you have the ability to give magnificent gentle kisses, or that I love your tan lines or that I love the curve of your hips, the erotic beauty of you holding yourself (or two magnificent parts of yourself) in the faded glow of the night's light - but hey, that would be going into sexual details ..."
Sanford, who in recent months had been mentioned as a possible presidential candidate in 2012, ignored questions at the news conference about whether he would step down as governor.
By leaving the country without formally transferring power, critics said he neglected his gubernatorial authority and put the state at risk. It wasn’t clear how his staff could reach him in an emergency.
At least one state lawmaker called for his resignation. As a congressman, Sanford voted in favor of three of four articles of impeachment against President Bill Clinton, citing the need for “moral legitimacy.”
The governor paid for the trip with his own money, not state funds, according to CNBC's Ryan Ruggiero.
‘Trial separation’Sanford admitted that what had started as an "innocent" e-mail exchange with a "dear, dear friend in Argentina" had developed over the past year into "something much more than that." He said he’s seen her three times since the affair began, and wife found out about it five months ago.
“What I did was wrong. Period,” he said. His family did not attend the news conference, and his wife, Jenny Sanford, said she asked the governor to leave and stop speaking to her two weeks ago. The governor says he wants to reconcile, and his wife’s statement said her husband has earned a chance to resurrect their marriage.
“This trial separation was agreed to with the goal of ultimately strengthening our marriage,” she said.
Sanford denied instructing his staff to cover up his affair, but acknowledged that he told them he thought he would be hiking on the Appalachian Trail and never corrected that impression after leaving for South America.
“I let them down by creating a fiction with regard to where I was going,” Sanford said. “I said that was the original possibility. Again, this is my fault in ... shrouding this larger trip.”
Questions about his whereaboutsQuestions about Sanford's whereabouts arose early this week. For two days after reporters started asking questions, his office had said he had gone hiking on the Appalachian Trial.
Cornered at the Atlanta airport by a reporter, Sanford revealed Wednesday morning that he'd gone to Argentina for a seven-day trip.When news first broke about his mysterious disappearance, first lady Jenny Sanford told The Associated Press she did not know where her husband had gone for the Father's Day weekend.

China Should Buy Gold to Hedge Dollar Fall



AP
Li Lianzhong, who heads the economic department of the Party's policy research office, said China should use more of its $1.95 trillion in foreign exchange reserves to buy energy and natural resource assets.
Speaking at a foreign exchange and gold forum, Li also said that buying land in the United States was a better option for China than buying U.S. Treasury securities.
"Should we buy gold or U.S. Treasuries?" Li asked. "The U.S. is printing dollars on a massive scale, and in view of that trend, according to the laws of economics, there is no doubt that the dollar will fall. So gold should be a better choice."
There is no suggestion that Li, even though he is a senior researcher, was enunciating an agreed party line.
However, a debate is swirling in China about how the country can reduce its exposure to the dollar and to U.S. assets in case America's ultra-loose fiscal and monetary policy rekindles inflation and erodes the value of the dollar and U.S. Treasuries.
To that end, China has said it will buy up to $50 billion worth of bonds denominated in Special Drawing Rights, the International Monetary Fund's unit of account, to be issued by the IMF.
Chinese companies, at Beijing's bidding, are also snapping up energy and commodity supplies around the globe to fuel its fast-growing growing economy.
Sinopec, China's largest oil refiner, agreed on Wednesday to buy Swiss oil explorer Addax Petroleum for $7.24 billion in China's biggest overseas acquisition.
China disclosed on April 24 that it had increased its holdings of gold to 1,054 tons from 600 tons since 2003.
However, China's foreign exchange reserves have grown so fast over the same period that gold's share of the stockpile, the largest in the world, has shrunk.
Li cited the high share of gold in the foreign exchange reserves of the United States, Italy, Germany and France, to argue that China's gold holdings, which account for about 1.6 percent of its reserves, are too small. Reforming The SDR
China does not disclose the composition of its currency reserves, but bankers assume around 70 percent of it is held in dollar assets.
China is the largest single holder of U.S. Treasuries, with $763.5 billion at the end of April, according to U.S. Treasury data.
Analysts say this data set understates the true number as it does not capture paper bought through dealers in London or elsewhere.
Li said a second reason for buying more gold would be in anticipation of the yuan one day becoming a reserve currency.
The yuan is not convertible on the capital account, meaning it cannot be freely traded for other currencies for financial transactions that are not related to trade.
This rules out the yuan's use as an international reserve currency, for central banks would not be able to convert it quickly if necessary.
But, in a very preliminary step towards that goal, China is paving the way for greater use of the yuan beyond its borders.
The People's Bank of China has arranged currency swap deals with six countries since December totaling 650 billion yuan ($95 billion) so that trade and investment with China can be conducted in yuan, not dollars.