The owners of the Neiman Marcus chain are near a deal to sell the luxury retailer to a group led by Ares Management and a Canadian pension plan for about $6 billion, a person briefed on the matter said on Sunday. A deal between the Ares-led group and Neiman’s primary owners, Warburg Pincus and TPG Capital, could be announced as soon as this week, this person added, cautioning that talks are ongoing and could still fall apart. If a deal is reached, it would end nearly eight years of control by Warburg and TPG, which had been looking to exit their investment for several months.
Comments: You just have to wonder if Neiman Marcus had placed this deal in their annual Christmas catalog. Could that I afford to shop them, my few experiences were always pleasant. [Maybe, that's why I don't get a catalog].
Shots were fired outside the U.S. Capitol Thursday afternoon and Capitol police were telling people to shelter in place. The incident appeared to begin around 2:19 p.m. and Capitol police say the Capitol was locked down. Officers with semi-automatic weapons were seen running for the exits on the first floor of the House side of the Capitol. Reports of shots inside were unconfirmed. As of 2:26, the Senate floor was still open and the Senate was on the floor, but police were in the hallways, reporters on the scene said. Rep. Gerry Connolly (R-Va.) was standing on a balcony of the
Washington - The Republican National Committee is offering the United States government a check to pay for guards at the National World War II Memorial, chairman Reince Priebus announced Wednesday. "We´re willing to pay the bill," said Priebus, who was speaking to reporters as he stood in front of a fence at the memorial. The memorial had been the site of a dramatic encounter Tuesday between visiting World War II veterans and a fence erected to keep visitors out. The National Parks Service argued the government shutdown left them with no personnel to guard and maintain the open air memorial.
Washington - Each month, there’s usually one number that economists and Wall Street investors watch above all else: the Labor Department’s tally of jobs created by US employers. It’s a gauge of the job market – to most Americans the most basic indicator of prosperity and well-being. Beyond that, it’s a broad barometer of the economy’s health. And this month, it’ll be missing in action. At least that’s the way it appears so far, due to a partial shutdown of the federal government, which took effect Tuesday because the parties in Congress are at loggerheads over federal spending and President
Nationwide Series driver Nelson Piquet Jr. has been fined $10,000 and placed on indefinite probation, and he will have to attend sensitivity training after using a gay slur on social media. In the announcement, NASCAR´s senior vice president of racing operations, Steve O’Donnell, explained the governing body´s decision: Nelson Piquet Jr. recently communicated an offensive and derogatory term that cannot be tolerated in our sport. NASCAR’s Code of Conduct explicitly spells out in the 2013 rule book our position regarding the use of disparaging terms. We expect our entire industry to abide
The billionaire who created Beanie Babies pleaded guilty Wednesday to tax evasion charges. "I apologize for my conduct," H. Ty Warner told a federal judge. "This is a terrible way to meet your honor." Warner´s lawyer said the 69-year-old planned to enter a guilty plea during the arraignment in Chicago as part of an agreement with prosecutors. He faces up to five years when he is sentenced Jan. 15. Beanie Babies first appeared in the mid-´90s, triggering a craze that generated hundreds of millions of dollars for Westmont-based TY Inc. Forbes recently estimated Warner´s net worth at $2.6 billion.
New York & Seattle - Three of the top 20 investors in Microsoft Corp are lobbying the board to press for Bill Gates to step down as chairman of the software company he co-founded 38 years ago, according to people familiar with matter. While Microsoft Chief Executive Steve Ballmer has been under pressure for years to improve the company´s performance and share price, this appears to be the first time that major shareholders are taking aim at Gates, who remains one of the most respected and influential figures in technology. A representative for Microsoft declined to comment on Tuesday.
As I write, I have no idea what the status of the “government shutdown” is. Last time I checked, the National Security Agency was still reading my emails and National Public Radio was still broadcasting pro-Obama propaganda, so it doesn’t appear much has changed. But what I do know is what happened Monday around 10 p.m., because it’s not in dispute: Every Massachusetts Democrat in Congress voted to keep special cash payments for themselves and for their staffers. They voted to shut down the government rather than give up their special perks. That’s not “we’re ending the world” spin
President Barack Obama was right when he said there would be a few glitches when signups for the Affordable Care Act began on Tuesday — there were at least 51 of them. A quick check of all the state Web sites where exchanges have been set up — plus the HealthCare.gov site that will service three-fourths of the country — shows that it was virtually impossible to sign up on the first day. MarketWatch went 0-for-51 in trying to apply online for Obamacare in all 50 states and the District of Columbia. Well, really 0-for-15 for D.C. and the states setting up their own exchanges, and we also struck out
Julia Ioffe a, a senior editor at the New Republic, is being ridiculous. First she wrote a bizarre post asking the question: “What is a president in a presidential constitutional republic to do when faced with an intransigent, bull-headed faction among his people’s representatives?” She then goes on to answer that question by celebrating Boris Yeltsin’s efforts to crush the communists still controlling the Russian parliament 20 years ago. She never says that president Obama should do something similar — i.e. dissolve parliament and then turn the tanks on the diehards — but it’s difficult not to read her post
So the federal government is “shut down” – at least temporarily, as of this Tuesday morning writing – and several folks have inquired about what, if any, impact this will have on the continuity of the U.S. oil and natural gas industry. The short answer is, not much. (Snip) Environmental Protection Agency: EPA would keep 1,069 (of 16,205) employees on the job, including those involved in law enforcement, employees whose funding comes from other sources and others performing exempted activities. Lab scientists may need to ensure research is ongoing. Emergency responders may also be at
Immigration Minister Scott Morrison has issued a stern warning the refugees escaping the Syrian crisis - if they try to come to Australia by boat they will not be welcome. Mr Morrison this morning said there would be "no sympathy" given to boat people, regardless of their country of origin. His comments come in the wake of the latest boat tragedy (Snip) "People who are going to try and use the Syrian conflict, which is a dreadful and horrible tragedy that is unfolding before us there, as some sort of cover to come to Australia for economic migration - are just not going to cop it," he told
Michelle Obama wants you to drink more water, at least one more glass a day. Frankly, I think it´s great. Sure, the science behind some of her claims is somewhere between iffy and debatable. If you´re not dehydrated, drinking more water won´t give you more energy or cure your headaches, as her office (Snip) "Water is so basic," she explained from Watertown, Wisc., "and because it is so plentiful, sometimes we just forget about it amid all the ads we watch on television and all the messages we receive every day about what to eat and drink," she said. "The truth is, water just gets drowned out."
Get ready for Chelsea Clinton Bump Watch 2014 — the only daughter of the former president and former secretary of State is declaring next year the “Year of the Baby.” In an interview for the November issue of Glamour magazine on her work with the Bill, Hillary & Chelsea Clinton Foundation, Clinton reveals that she and husband Marc Mezvinsky are planning for a bouncing addition to their household. According to the 33-year-old Oxford grad, the pair, who married in 2010, sat down together a year after tying the knot and made a list focused on their future, saying, “We want,
On Tuesday evening, left-wing Politico ran a headline story encapsulating the theme of the day: “Government closed, Obamacare falters.” That message marked a massive loss for the Obama administration, which has claimed that Obamacare’s implementation could not be delayed, and used that rationale as an excuse to reject the House’s proposal for a one-year delay in favor of a government shutdown. The narrative began to shift early in the morning on Tuesday, when the Drudge Report ran a lead piece on the Obamacare health exchanges coming up with error messages for users across the country. “OBAMACRASH,” Drudge headlined. He followed
President Obama told CNBC’s John Harwood that while he’s been president, he’s “bent over backwards to work with the Republican party.” Obama boasted: During the course of my presidency, I have bent over backwards to work with the Republican party. I think I’m pretty well known for being a calm guy. Sometimes people think I’m too calm. And am I exasperated? Absolutely, I’m exasperated. Because this is entirely unnecessary. I am exasperated with the idea that, unless I say that, ‘Twenty million people, you can’t have health insurance,’ these folks will not reopen the government. That is irresponsible. The President asserted that he’s
More than a dozen House Republicans who want to drop attempts to undermine the health-care law and reopen the government are meeting among themselves and with House Speaker John Boehner -- and he’s listening. For the past few weeks, Boehner’s hand has been guided by a group of Tea Party-aligned Republican House members who’ve urged little compromise in their three-year drive to undo the 2010 Affordable Care Act, also known as Obamacare. Now, the agitation is coming from the other side of the caucus. A bipartisan group of about 40 House lawmakers are holding private talks to find a compromise
DALLAS —In a shopping center parking lot 1,300 miles from Washington’s bureaucracy and bickering, teen mom Karina Luciano loaded a watermelon and baby formula into her car. Luciano didn’t realize the federal assistance program that just purchased the food items for her children, Aimee, 2, and Jaiden, 11 months, is now in jeopardy because of the government shutdown. “Oh my god, I think I’m going to cry,” Luciano said upon learning the news. “This is really bad.” Nearly 9 million low-income mothers and children receive benefits under the Special Supplemental Nutrition Program for Women, Infants, and Children. Congress’ inability to
New York Magazine writer Jonathan Chait spent his government shutdown day mocking WWII veterans who were shut out by the National Park Service (NPS) when they came to visit the National WWII Memorial in Washington, D.C. On Tuesday morning, Representative Michelle Bachman (R-MN) and several Republican members of Congress helped tear down the barricades shutting the elderly veterans out of the WWII memorial. After the barricades were removed, dozens of veterans flooded in to conduct their often emotional visits. But, thinking he was being funny, Chait took to Twitter to poke fun at the veterans, joking that the NPS should
Ted Cruz faced a barrage of hostile questions Wednesday from angry GOP senators, who lashed the Texas tea party freshman for helping prompt a government shutdown crisis without a strategy to end it. At a closed-door lunch meeting in the Senate’s Mansfield Room, Republican after Republican pressed Cruz to explain how he would propose to end the bitter budget impasse with Democrats, according to senators who attended the meeting. A defensive Cruz had no clear plan to force an end to the shutdown — or explain how he would defund Obamacare, as he has demanded all along, sources said. Things
The shutdown battle has become, essentially, a high-stakes blame game.(snip)But in a note to clients, Potomac Research Group´s Greg Valliere says that President Obama still has one "trump card" of his own left to play, Social Security: THE HEAVY ARTILLERY: We have thought for weeks that Obama would play the Social Security trump card if there was no deal on the debt ceiling by mid-October. This is one of several reasons why we think a default is unlikely, and it´s one of several reasons why Boehner will capitulate; the only questions are when and under what terms. We think he may
First lady Michelle Obama tweeted on Tuesday afternoon that her Twitter account will see fewer updates due to the government shutdown. Due to Congress’s failure to pass legislation to fund the government, updates to this account will be limited. #Shutdown 12:55 PM - 1 Oct 2013. In 2009, FactCheck.org found that the first lady had a staff of 24 people. It is unclear whether any of the first lady’s staff have been furloughed as a result of the government shutdown.
The White House and the Department of the Interior rejected a request from Rep. Steven Palazzo’s office to have World War II veterans visit the World War II memorial in Washington, the Mississippi Republican told The Daily Caller Tuesday. Palazzo helped the veterans commit an act of civil disobedience against the Park Service Tuesday, when the heroes stormed through barricades around the closed memorial. The veterans were visiting the memorial as part of Honor Flight, a non-profit that provides veterans free transport to the nation’s capital to visit the memorials to the wars they fought in. “We got the heads up
Ronan Farrow’s ol’ blue eyes may say it all. Farrow, long described as the only biological child of actress Mia Farrow and New York filmmaker Woody Allen, may actually be the son of Frank Sinatra, his mom acknowledged in a bombshell report Wednesday. While Hollywood has whispered about the prospect for years, it was the first time that Mia publicly admitted the possibility. Asked point-blank by Vanity Fair about Sinatra’s possible parentage of Ronan, Mia coyly replied: “Possibly.” The “Rosemary’s Baby’’ actress was married to Ol’ Blue Eyes from 1966 to 1968 but continued to be his lover on and off afterward — including
Conservative talker Mark Levin has a stern warning for President Barack Obama and his administration: Don’t mess with the World War II veterans. Levin, author of “The Liberty Amendments: Restoring the American Republic,” told his audience on his Wednesday radio show should there be any action taken against those veterans for visiting the World War II Memorial on the National Mall, even with the government shutdown, he would bring 500,000 people to march on the Washington, D.C. in response. “I want to tell you folks something — I want to say this loud and clear to the people