Daily Archives: June 19, 2012

Rodney King found dead; autopsy will take weeks

Photo Credit: Los Angeles Times

Rodney King was found by his fiancé and pulled by police from the deep end of his pool on Sunday in Rialto, California.  The autopsy was completed Monday but results could take as long as six weeks. It appears the 47-year-old drowned. King’s fiancé is considered a witness in the event after having spoken to police for several hours on Sunday according to Officer David Shepherd as seen in The Washington Post.

King is famous for being brutally beaten by four white police officers in Los Angeles in 1991. The beating resulted in 11 skull fractures, a broken eye socket, and facial nerve damage. It was photographed, videotaped, and broadcasted worldwide. An all-white jury acquitted three officers on state charges and the fourth was found a mistrial. As a result of the verdict a massive race riot broke out.

King struggled with drugs and addiction throughout his life but no drug paraphernalia was found near the pool. A marijuana plant was taken from the house on Sunday but no other objects were confirmed. Lawrence Spagnola, who assisted in King’s memoir, “The Riot Within: From Rebellion to Redemption” says, “When Rodney was talking about spousal abuse or DUIs or drinking, there was a look in his face almost as if he was talking about another person.” Toxicology results will show if drugs or alcohol were in his system at time of death.

“There was a lot of good in him,” says Spagnola.  “I honestly think he’s more at peace now than he ever was in his life.” He says that King wanted to be recognized as more than a beating victim and was tired of the publicity which the event created. Setting a wedding date and the birth of another grandchild were things that King had to look forward to in life.

Spagnola says that King hoped that the words he spoke during the riot, “Can we all just along?” would persist. No memorial to King has been created at the residence.

Generations X and Y trying to protect wealth and family

Twice as many younger affluent people than those near retirement are taking measures to protect their wealth and care for their parents, a study by a Bank of America subsidiary says.

There is a shift in the way the wealthy are managing their wealth due to the recent economy, political indecision, and financial challenges, reports U.S. Trust’s 2012 Insights on Wealth and Worth.

Generations X and Y are taking more precautions than baby boomers in regards to medical costs for family members, inheritances for children, and long-term care for aging parents.

 

For more results, click here.

J.C. Penny Marketing Chief Steps Down

Photo Credit: www.businessinsider.com

Just months after he left Target for J.C. Penny Co Inc., Michael Francis is leaving the company.

Francis, 49, was the president and in charge of marketing and merchandising. This announcement comes after the store had a 18.9 percent drop in same-store sales while it tried to wean consumers off of coupons and discounts.

The Chief Executive Ron Johnson said that the advertisements hadn’t explained clearly the shift in pricing strategy.

The ads, which featured comedienne Ellen DeGeneres, were criticized for not focusing on products and prices. Johnson will now be in charge of Penney’s marketing and merchandising.
For more information on Francis’ background and the ads, click here.

Forbes Names Mayweather Highest Paid Athlete

Photo Credit: eurweb.com

Floyd “Money” Mayweather has been named the world’s highest paid athlete by Forbes.com after earning $85 million last year. Mayweather earned all of his money by beating two different components in the ring, Victor Ortiz and Miguel Cotto, which brought in all $85 million for the professional boxer.

Mayweather manages his career through his production company, Mayweather Productions. This saves him money and allows him to maximize his profits, unlike other professional athletes who pay other companies to manage their careers.

Tiger Woods had the top spot since 2001, but fell to third this year after earning $59.4 million. Manny Pacquiao, also a professional boxer, came in second place with $62 million. The highest paid NFL star was Peyton Manning, and LeBron James topped the list of the NBA players. Only two women made the list, Maria Sharapova and Li Na, who are both professional tennis players.

Mayweather is currently serving an 87-day prison sentence in Las Vegas, Nevada.

LaDanian Tomlinson Announces Retirement

LaDainian Tomlinson, 33, announced his retirement from the NFL on Monday. Tomlinson officially retired a San Diego Charger after he signed a one-day contract with the team that started his career 11 seasons ago. For the past two seasons, Tomlinson has played for the New York Jets.

Photo Credit: bleacherreport.com

The famous running back is known for rushing 13,684 yards (5th all time), scoring 162 touchdowns (3rd most in history), and rushing for 145 touchdowns (2nd all time) throughout his career. Tomlinson also helped to improve the San Diego Chargers in the AFC West in his nine seasons with the team.

After his memorable 2006 season, Tomlinson was voted the NFL MVP of the year. Even though the Chargers never won the SuperBowl while Tomlinson was a part of the team, Tomlinson told the media he was proud of the accomplishments the team had and the memories he made while playing there.

Tomlinson’s wife and two children accompanied him as he announced his retirement. “It wasn’t because I didn’t want to play anymore. It was simply time to move on,” he told the crowd as his young son tugged on his pant leg.

To read more about Tomlinson’s career and retirement, click here.

Nobel-Prize Winning Chemist Dies

Photo Credit: xaluan.com

William S. Knowles died June 13th at his home in Missouri at the age of 95. Knowles was known for developing a drug to help people with Parkinson’s disease. Knowles’ daughter reported that Knowles had suffered from Lou Gehrig’s disease. The doctor was honored with the Nobel Prize in 2001 for his work.

Dr. Knowles started his research in the mid-1960′s, which led to his breakthrough in how to produce L-Dopa. L-Dopa is used to help Parkinson’s patients deal with the tremors that often occur because of the disease. Dr. Knowles’ research is now used to make antibiotics, heart medication, and anti-inflammatory drugs.

The Harvard-graduated doctor is survived by his wife of 66 years, four children, and four grandchildren. To read more about Dr. Knowles and his life, click here.