Rain, rain, and more rain
Who says it doesn’t really rain in Southern California? The storms that have rolled through the region so far have packed quite a punch, and another big one is set to hit tonight. Some areas are getting pretty soggy, so the threat of mudslides, especially in the neighborhoods ravaged by wildfires, remains high.
A steady rain has been falling most of the day in Burbank, but that’s not stopping exercisers, wearing slick jogging suits and carrying colorful umbrellas, from getting out. Also, there are still knuckleheads speeding up the hill when they should be creeping along cautiously on a wet day like today.
Meanwhile, there’s a chance of thunderstorms and strong winds this afternoon. The high today in Burbank might reach 60, and the lows could dip down into the mid-40s tonight.
The feds slap a cap on executive pay at more of those bailed out firms
The crackdown on executive salaries at those companies that took bail-out funds has been expanded. Yesterday, the Treasury Department’s Kenneth Feinberg added Citigroup, American International Group, General Motors, and GMAC to the list. The limit is a $500,000 salary. That’s a lot of green to regular folks, but some of those corporate executives at firms that took taxpayer money are grumbling about the restrictions being imposed by the U.S. pay czar. Details on Reuters.
A sponsor responds to Tiger Woods’ decision to step out of the spotlight
Golfing superstar, Tiger Woods is really in the rough right now. Today one of his major sponsors, Gillette, said it would be limiting his role in its marketing campaigns, in the wake of Woods’ decision to take a break from golf. Woods made the announcement yesterday on his website. In the statement Woods admits to “infidelity,” as the scandal about his alleged affairs continues to grow. Details here.
Tiger’s statement from his website.
Tiger Woods taking hiatus from golf
I would like to ask everyone, including my fans, the good people at my foundation, business partners, the PGA Tour, and my fellow competitors, for their understanding. What’s most important now is that my family has the time, privacy, and safe haven we will need for personal healing.
After much soul searching, I have decided to take an indefinite break from professional golf. I need to focus my attention on being a better husband, father, and person.
Again, I ask for privacy for my family and I am especially grateful for all those who have offered compassion and concern during this difficult period.