| NLCC honors Wright
The NLCC is kicking off a world-wide tribute to Richard Wright this year. We expect large crowds, including numerous Wright relatives from across the country." Wright is renowned for such works as the novel, “Native Son;" the fictionalized autobiography, “Black Boy;" and a collection of stories, “Uncle Tom's Children," which was chosen Book-of-the-Year in 2008 by a statewide project called “Mississippi Reads." “Since 1940, when “Native Son" sold hundreds of thousands of copies in a matter of weeks, many of his books have been bestsellers and continue to sell," said Jerry W. Ward Jr., professor at Dillard University, New Orleans, and a nationally known Wright scholar. “He is one of the most powerful writers of the 20th century," Ward said. “These days, school children routinely read and study his works.
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Magellan Reopens...Do You Care?
It's hard to believe an entire decade has passed since Fidelity Investments closed its flagship Magellan Fund to new investors. But times, they are 'a changing. Fido will reopen Magellan to new investors on Jan. 15. The news that Fidelity is reopening is no big surprise. In fact, Fidelity watcher Jim Lowell has been predicting this for quite some time. I've watched Magellan prosper and flounder under several managers (Vinik, Stansky, Lynch). At $44.5 billion, assets in the portfolio are dramatically smaller (roughly more than 30%) since the fund closed. The trimmer size is actually a benefit to its most recent leader, Harry Lange, who has done a stellar job since he took helm in October 2005—the fund was up almost 19% in 2007. My pal Morris Armstrong, who is a financial adviser, thinks that Fidelity must see 2008 as the year of large-cap stocks.
Keeping the wage monster at bay presages interest rate pain
Wage inflation, the monster lurking beneath the bed of every central banker, is creeping higher. If you hold the figures at arm's length and squint you can convince yourself the trend is actually flat. But it isn't. The 1.1 per cent seasonally adjusted rise in the bellwether measure, the index of total hourly rates of pay excluding bonuses, was little different from the previous four quarterly moves of either 1.0 or 1.1per cent. Even so, annual growth of 4.3 per cent was still the highest for the series, which started in 1997. There is no clear trend for employees in the public sector, where annual growth of 4.2 per cent was near the previous five years' average of 4.3 per cent. But the trend in the private sector, where the forces of supply and demand pack more punch, is clearly upward.
Oil sets record at $100.01 a barrel
The petroleum world produced a record Tuesday, which was bad news for consumers. Frenzied trading sent crude oil surging above $100 a barrel to $100.01 — the highest closing price ever for oil on the New York commodities market, making it likely that gas prices soon will jump, too. In addition, prices for gold, copper and other commodities soared as investment funds sought places to park their money in the face of inflation concerns and a weaker dollar. Also Tuesday, the Energy Department confirmed what anyone who filled up recently already knows — that pump prices are on the rise, bringing the U.S. average back above the $3-a-gallon mark. The nationwide average cost of self-serve regular jumped 8.2 cents over the past week to $3.04 a gallon Monday, released a day late because of the Presidents Day holiday.
Table Talk
I never tasted anything quite as good as that first bite of vanilla. I miss Scoops. I enjoy Paolo's. But nothing really hits it like a small vanilla cone dipped in chocolate from Dairy Queen. I like Yoforia, but I wish they had better toppings, though I kind of dig the Captain Crunch. I loved Hank's before it moved to Riverdale, and now I never get there anymore (it used to be the reason my daughter and I went to the zoo, other than the flamingos). Hank's was the only place to get black walnut ice cream. What do you crave when you're not craving anything? Does your girlfriend head to Chipotle and get you a bean burrito? Does your husband know you'll take nothing but Jelly Bellies? Permalink | Comments (2) | Post your comment | Categories: Dining A new spin on chicken and waffles By Elizabeth Lee | Friday, February 15, 2008, 10:39 AM The Atlanta Journal-Constitution Gladys Knight and Ron Winans have got some competition in the chicken and waffles game.
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