Famous final concerts.Before their legendary rooftop performance  the Beatles took the stage one last time 45 years ago on Aug. 29, 1966, and sang their way into history. Check out some other legendary final performances.

 Buddy Holly
Watch footage of a performance on "The Ed Sullivan Show"


Buddy Holly - Oh Boy 
The rockabilly innovator  performed his final live concert Feb. 9, 1959  the night of his tragic death.
The Beatles

The Fab Four called it quits in April 1970  making this Aug. 29, 1966, concert at Candlestick Park in San Francisco their last paid-concert performance.
Janis Joplin

The troubled songstress  gave her final performance  on Aug. 12, 1970, with her Full Tilt Boogie Band. Less than two months later, she was dead.Janis Joplin cause of death  Heroin overdose
Jimi Hendrix

The guitarist superstar  took the stage Sept. 6, 1970, in Germany  for his final performance before his death. jimi hendrix cause of death Drug overdose, Inhalation of vomit
The Supremes

After Diana Ross left in 1970, the threesome kept performing  seven more years and gave their final performance on June 12, 1977  after which one member decided to work on a solo project.
Elvis Presley

Almost two months before the King of Rock 'n' Roll  died  Presley performed in front of 17,000 fans on June 26, 1977, for what would be his final concert. Elvis Presley cause of death Myocardial infarction
Led Zeppelin

The hard-rocking British band  performed July 7, 1980,  at the end of their European tour, which was their final live performance with all the original members.John Bonham death date and place of death: September 25, 1980, at Clewer
Nirvana

One month before frontman Kurt Cobain committed suicide the Northwest grunge group performed their final live concert March 1, 1994, before European fans.Kurt Cobain death date and place of death: April 5, 1994, at Seattle
Tupac Shakur

This West Coast rapper took the stage July 4, 1996, with other artists  for a final performance before his death a month later.tupac shakur cause of death Firearm, Gunshot, Murder, Respiratory failure
The Ramones

After a career spanning three decades  the punk-rock icons performed their final live performance Aug. 6, 1996.
Johnny Cash

This country star  performed a small set July 5, 2003  a month after his wife, June Carter Cash, died and two months before his own death. Johnny Cash cause of death Diabetes mellitus
Destiny's Child

This female R&B group  parted ways in 2006 at the height of their fame, but reunited Feb. 19, 2006, for the halftime show of the NBA finals.
Michael Jackson

The King of Pop  was preparing for a comeback tour  just before he died  which left his Nov. 15, 2006, performance at the World Music Awards as his last one in public. Michael Jackson death June 25, 2009, at UCLA Medical Center
Andy Saarima says he hasn't been to a "subpar" restaurant such as a Chili's or Applebee's in more than a year. The 29-year-old Chicago bartender would rather eat at Five Guys Burgers and Fries: "There are just so many smaller, faster options with way better food."

American twentysomethings are snubbing the restaurant chains their parents took them to as kids. Chili's, Applebee's, Ruby Tuesday (NYSE: RT - News), and other so-called casual-dining chains are already struggling to revive sales in the wake of an epic recession. Now they risk losing an important consumer demographic group unless they remake themselves. "If you have a little bit of money and you're educated, you want a boutique feel, less chain," says Brad Swanson, who runs the restaurant group at KeyBanc Capital Markets, an investment banking and equity research firm.

The casual-dining chains, which serve reasonably priced sit-down meals, are losing customers to such "fast-casual" upstarts such as Five Guys, Chipotle Mexican Grill, and Panera Bread (Nasdaq: PNRA - News), which offer counter service, trendy menus, and not much else. Sales at full-service restaurants, which include casual dining, fell 1.3 percent, to $166 billion last year, vs. a 6 percent rise for fast-casual chains, says researcher Technomic.

Revenue at Chili's parent, Brinker International, has declined for four straight years. Sales at DineEquity (NYSE: DIN - News), which owns Applebee's and IHOP, have slid in nine of the last ten quarters (in part because the company has sold about half its Applebee's locations to various franchisees). With analysts projecting continued declines this year, the casual-dining chains are revamping their operations to remain relevant. DineEquity spokesman Paul Kranhold says Applebee's biggest threat isn't newer rivals but "consumers who may be choosing to dine at home." Brinker officials declined to comment.

Ruby Tuesday, which grew revenue in its fiscal 2011 for the first time in four years, is licensing and opening stores from Lime Fresh Mexican Grill, a Florida chain that looks a lot like a certain fast-casual competitor. Lime Fresh restaurants feature hammered copper countertops and earth-toned walls and sell the usual Mexican fare—guacamole, quesadillas, burritos—made from "humanely raised" food. The chain "plays on sustainably raised, better quality, more natural ingredients—not too dissimilar to what Chipotle has done," says Robert Derrington, a restaurant analyst at investment firm Morgan Keegan. "It's clearly positioned towards a younger demographic."

Greg Ashley, Ruby Tuesday's vice-president of finance, says he doesn't view fast-casual rivals "as a threat at all," and the tie-up with Lime Fresh is just another growth opportunity. The chain plans to open as many as nine Lime restaurants over the next 12 months, adding to the 10 that exist now.

Applebee's is rehabbing its aging outlets—at about $200,000 a pop. For years the restaurants were cluttered with nostalgic Americana such as Tiffany-style lamps and carousel horses. Those are being swapped out for photos of local little league teams and firefighters to better align with Applebee's slogan: "There's No Place Like the Neighborhood."

Millennials like to hit the bar after work. Hence Applebee's "Girls' Night Out" parties, which are advertised heavily on Facebook. Ruby Tuesday is pushing $5 cocktails made with açai berries, as well as craft beers. The fast-casual restaurants are doing the same. Chipotle serves beer and margaritas at most locations, while beer and wine is on the menu at select Five Guys stores.

Menus are getting a makeover, too. About time, says Sarah Perry, a 27-year-old arborist in Chicago who associates Chili's and Applebee's with "cheap food." Five Guys "burgers are really fresh," she says. "You don't get that stale, come-from-the-box sort of taste." Five Guys is also showing customers the origins of its veggies. At one of its Chicago stores, a sign notes that the outlet's potatoes are from Clawson Farm in Idaho. Not to be outdone, Ruby Tuesday is dishing up spaghetti squash marinara, while Applebee's sells entrees with fewer than 550 calories.

Will it be enough? Chipotle, with its stripped-down menu and industrial interiors, continues to attract long lines at lunch. Panera is winning over yuppie crowds with fresh salads and artisanal breads. And the upstarts are expanding rapidly. Five Guys plans to add 600 new locations in the next two years, for a total of about 1,400. Smashburger, which has 100 stores, is targeting Miami and Los Angeles for new locations. Says Smashburger Chief Executive Officer David Prokupek: "We're getting a lot of people from casual-dining chains."
LOS ANGELES (AP) — "The Help" remained Hollywood's top draw with $14.3 million on a slow late-summer weekend whose business was even more sluggish as many East Coast theaters closed to ride out the storm there.

Irene was downgraded from a hurricane to a tropical storm Sunday, but the weekend already was a lost cause for many theaters in its path. Studio executives estimate that about 1,000 theaters shut down for at least part of the weekend and that business may have been off 15 to 20 percent because of the storm.

"It was a wild weekend," said Dave Hollis, head of distribution at Disney, which released DreamWorks Pictures' "The Help." ''All things considered, to kind of come out with business down only 15 to 20 percent is something to be pretty thankful for."

"The Help" has been the No. 1 film for two-straight weekends. The acclaimed adaptation of Kathryn Stockett's novel about black Southern maids sharing stories about white employers amid the civil-rights movement raised its domestic total to $96.6 million and should cross the $100 million mark Tuesday.

Late August often is a dumping ground for movies with slim commercial prospects, and Irene cut even further into receipts for the weekend's three new wide releases.

Zoe Saldana's action tale "Colombiana," released by Sony, opened in second-place with $10.3 million. Guy Pearce and Katie Holmes' horror story "Don't Be Afraid of the Dark," a FilmDistrict release, debuted in third with $8.7 million. Paul Rudd's comedy "Our Idiot Brother," distributed by the Weinstein Co., premiered at No. 5 with $6.6 million.

"Colombiana" features "Avatar" star Saldana as an assassin out for revenge against the drug lords responsible for her parents' deaths. "Don't Be Afraid of the Dark," produced by Guillermo del Toro ("Pan's Labyrinth," is a remake of the 1970s TV movie about a household terrorized by tiny, savage creatures. "Our Idiot Brother" stars Rudd as a happy-go-lucky guy doing time with his three sisters after serving a short prison sentence.

Business was strong Friday night for "Don't Be Afraid of the Dark" in the New York City area, but as the storm crept closer Saturday, theaters either closed or became ghost towns, said Bob Berney, FilmDistrict's head of distribution.

Berney said he stopped by a theater complex in suburban Westchester County Saturday night and only about 25 people had turned out for 7:30 p.m. shows.

"It was just dead," Berney said. "They were open but no one was there, whereas in Manhattan, I think all the theaters were closed."

Studios base their weekend reports on actual revenues for Friday and Saturday and estimates for business on Sunday.

But this weekend's numbers were more of a shot in the dark. Some theaters did not report their weekend grosses, and it was uncertain how many cinemas might remain closed Sunday or how big an audience might turn up in the wake of the storm.

"I think everybody is trying to lean toward conservative estimates," said Rory Bruer, head of distribution at Sony, who said "Colombiana" managed to beat the studio's projections of an $8 million opening weekend despite the weather.

Overall business plunged, with domestic revenues totaling $88 million, down 23 percent from the same weekend last year, when "Takers" led with $20.5 million, according to box-office tracker Hollywood.com.

"It's not like this was destined to be a blockbuster weekend, anyway," said Hollywood.com analyst Paul Dergarabedian. "But going to the movies is not a top priority when you're concerned about severe weather."

Estimated ticket sales for Friday through Sunday at U.S. and Canadian theaters, according to Hollywood.com. Where available, latest international numbers also are included. Final domestic figures will be released Monday.

1. "The Help," $14.3 million.

2. "Colombiana," $10.3 million.

3. "Don't Be Afraid of the Dark," $8.7 million.

4. "Rise of the Planet of the Apes," $8.65 million ($22.1 million international).

5. "Our Idiot Brother," $6.6 million.

6. "Spy Kids: All the Time in the World," $5.7 million.

7. "The Smurfs," $4.8 million.

8. "Conan the Barbarian," $3.1 million.

9. "Fright Night," $3 million.

10. "Crazy, Stupid, Love," $2.9 million.
NEW YORK (AP) — Stripped of hurricane rank, Tropical Storm Irene spent the last of its fury Sunday, leaving treacherous flooding and millions without power — but an unfazed New York and relief that it was nothing like the nightmare authorities feared.
Slowly, the East Coast surveyed the damage — up to $7 billion by one private estimate — but for many the danger had not passed.
Rivers and creeks turned into raging torrents tumbling with limbs and parts of buildings in northern New England and upstate New York.
Flooding was widespread in Vermont, and hundreds of people were told to leave the capital, Montpelier, which could get flooded twice: once by Irene and once by a utility trying to save an overwhelmed dam.
"This is not over," President Barack Obama said from the Rose Garden.
Meanwhile, the nation's most populous region looked to a new week and the arduous process of getting back to normal.
New York lifted its evacuation order for 370,000 people and said subway service, shut down for the first time by a natural disaster, will be partially restored Monday, though it warned riders to expect long lines and long waits. Philadelphia restarted its trains and buses.
"All in all," New York Mayor Michael Bloomberg said, "we are in pretty good shape."
At least 21 people died in the storm, most of them when trees crashed through roofs or onto cars.
The main New York power company, Consolidated Edison, didn't have to go through with a plan to cut electricity to lower Manhattan to protect its equipment. Engineers had worried that salty seawater would damage the wiring.
And two pillars of the neighborhood came through the storm just fine: The New York Stock Exchange said it would be open for business on Monday, and the Sept. 11 memorial at the World Trade Center site didn't lose a single tree.

The center of Irene passed over Central Park at midmorning with the storm packing 65 mph winds. By evening, with its giant figure-six shape brushing over New England and drifting east, it was down to 50 mph. It was expected to drop below tropical storm strength — 39 mph — before midnight, and was to drift into Canada later Sunday or early Monday.
"Just another storm," said Scott Beller, who was at a Lowe's hardware store in the Long Island hamlet of Centereach, looking for a generator because his power was out.
The Northeast was spared the urban nightmare some had worried about — crippled infrastructure, stranded people and windows blown out of skyscrapers. Early assessments showed "it wasn't as bad as we thought it would be," New Jersey Gov. Chris Christie said.
Later in the day, the extent of the damage became clearer. Flood waters were rising across New Jersey, closing side streets and major highways including the New Jersey Turnpike and Interstate 295. In Essex County, authorities used a five-ton truck to ferry people away from their homes as the Passaic River neared its expected crest Sunday night.
Twenty homes on Long Island Sound in Connecticut were destroyed by churning surf. The torrential rain chased hundreds of people in upstate New York from their homes and washed out 137 miles of the state's main highway.
In Massachusetts, the National Guard had to help people evacuate. The ski resort town of Wilmington, Vt., was flooded, but nobody could get to it because both state roads leading there were underwater.
"This is the worst I've ever seen in Vermont," said Mike O'Neil, the state emergency management director.
Rivers roared in New Jersey and Pennsylvania. In the Hudson Valley town of New Paltz, N.Y., so many people were gathering to watch a rising river that authorities banned alcohol sales and ordered people inside. And in Rhode Island, which has a geography thick with bays, inlets and shoreline, authorities were worried about coastal flooding at evening high tide.
The entire Northeast has been drenched this summer with what has seemed like relentless rain, saturating the ground and raising the risk of flooding, even after the storm passes altogether.
The storm system knocked out power for 4½ million people along the Eastern Seaboard. Power companies were picking through uprooted trees and reconnecting lines in the South and had restored electricity to hundreds of thousands of people by Sunday afternoon.
Under its first hurricane warning in a quarter-century, New York took extraordinary precautions. There were sandbags on Wall Street, tarps over subway grates and plywood on storefront windows.
The subway stopped rolling. Broadway and baseball were canceled.
With the worst of the storm over, hurricane experts assessed the preparations and concluded that, far from hyping the danger, authorities had done the right thing by being cautious.
Max Mayfield, former director of the National Hurricane Center, called it a textbook case.
"They knew they had to get people out early," he said. "I think absolutely lives were saved."
Mayfield credited government officials — but also the meteorologists. Days before the storm ever touched American land, forecast models showed it passing more or less across New York City.
"I think the forecast itself was very good, and I think the preparations were also good," said Keith Seitter, director of the American Meteorological Society. "If this exact same storm had happened without the preparations that everyone had taken, there would have been pretty severe consequences."
In the storm's wake, hundreds of thousands of passengers still had to get where they were going. Airlines said about 9,000 flights were canceled.
Officials said the three major New York-area airports will resume most flights Monday morning. Philadelphia International Airport reopened Sunday afternoon, and flights resumed around Washington, which took a glancing blow from the storm.
In the South, authorities still were not sure how much damage had been done. North Carolina Gov. Beverly Perdue said some parts of her state were unreachable. TV footage showed downed trees, toppled utility poles and power lines and mangled awnings.
Virginia Gov. Bob McDonnell had initially warned that Irene could be a "catastrophic" monster with record storm surges of up to 8 feet. But the mayor Virginia Beach, Va., suggested on Twitter that the damage was not as bad as feared, as did the mayor of Ocean City, Md.
One of two nuclear reactors at Calvert Cliffs, Md., automatically went offline because of high winds. Constellation Energy Nuclear Group said the plant was safe.
In New York, some cabs were up to their wheel wells in water, and water rushed over a marina near the New York Mercantile Exchange, where gold and oil are traded. But the flooding was not extensive.
"Whether we dodged a bullet or you look at it and said, 'God smiled on us,' the bottom line is, I'm happy to report, there do not appear to be any deaths attributable to the storm," Bloomberg said.
New York officials could not pinpoint when the trains would run again but warned that the Monday commute would be rough. The New York subway carries 5 million riders on an average weekday.
The casinos of Atlantic City, N.J., planned to reopen Monday at noon after state officials checked the integrity of the games, made sure the surveillance cameras work, and brought cash back into the cages under state supervision. All 11 casinos shut down for the storm, only the third time that has happened.
In Philadelphia, the mayor lifted the city's first state of emergency since 1986. The storm was blamed for the collapses of seven buildings, but no one was hurt and everyone was accounted for. People kept their eyes on the rivers. The Schuylkill was expected to reach 15 feet.
The 21 deaths attributed to the storm included six in North Carolina, four in Virginia, four in Pennsylvania, two in New York, two in rough surf in Florida and one each in Connecticut, Maryland and New Jersey.
In an early estimate, consulting firm Kinetic Analysis Corp. figured total losses from the storm at $7 billion, with insured losses of $2 billion to $3 billion. The storm will take a bite out of Labor Day tourist business from the Outer Banks to the Jersey Shore to Cape Cod.
Irene was the first hurricane to make landfall in the continental United States since 2008, and came almost six years to the day after Katrina ravaged New Orleans on Aug. 29, 2005.
As the East Coast cleans up, it can't afford to get too comfortable. Off the coast of Africa is a batch of clouds that computer models say will probably threaten the East Coast 10 days from now, Mayfield said. The hurricane center gave it a 40 percent chance of becoming a named storm over the next two days.
 Flood insurance: How many victims of Irene were covered?Flood insurance for damages in New Jersey and New York is big question mark. Share of damaged homes covered by flooding insurance not yet known.Hurricane Irene caused between $200 million and $400 million in insured losses in the Carolinas, catastrophe modeling company EQECAT said Sunday, suggesting the storm may have been far less severe than the insurance industry feared.The bigger question, though, is how much coverage people have for the severe flooding that struck New York and New Jersey, and whether the federal government's flood program can handle all of the claims.

EQECAT said the bulk of the losses it has seen so far come particularly from storm surge and flooding.

Combined with its estimate of $300 million to $600 million in insured losses from a direct hit on parts of the Caribbean, EQECAT now puts Irene's total damage so far in a range of $500 million to $1 billion.

That is far less than its competitor, AIR Worldwide, which estimated Irene's damages in the Caribbean at $1.1 billion.

It is not unusual for catastrophe modeling companies, whose software is used by insurers to model their exposure to natural disasters, to differ widely in their initial loss estimates.The figures tend to be revised as the days go by and the companies send more teams to the disaster sites to survey losses first-hand.

Still, the early figures compare with some projections by meteorologists and statisticians that Irene could be a $10 billion or more event. Much will depend on how much damage the storm did in the greater New York area.


Loss estimates on the rest of the U.S. East Coast are expected on Monday.

FLOOD DAMAGE

Nationwide Mutual, one of the country's largest property insurers, said it received 6,000 claims calls on Sunday, which is twice what it would usually expect on the Sunday after a major storm.

A spokeswoman for the company said that presents a mystery that could take days to clarify.

They can not tell yet whether they are getting an unusually high volume of claims, which would imply a lot of storm damage, or whether more people are calling than usual because they have already gotten home after the storm, which would imply it was somewhat mild.

``Generally what we're seeing as you move east is a lot of trees on houses, widespread power outages and as you get closer and closer to the coast, we've got coastal flooding, the power outages are even more widespread,'' said Brian Maness, a claims manager for the company in North Carolina.In New Jersey, the state is expecting damage in ``the billions of dollars, if not in the tens of billions of dollars,'' Gov. Chris Christie told NBC's ``Meet the Press.''

By all accounts, in cities like Jersey City, Montclair, Nutley and Hoboken, that damage will come in large part from flooding that put in some cases multiple feet of water into homes.

New Jersey is the fourth-most insured state by the National Flood Insurance Program, which writes almost all of the flood insurance in the United States.

The state has $51.88 billion of insurance in force from the NFIP, and Jersey City and Hoboken are two of the most insured cities in the state. On the other hand, for example, Montclair and Nutley are two of the least.

Congress is working on a reform package for the NFIP, which has been surviving on a series of one-year extensions amid a debate about the cost of the program and its role in keeping the private sector largely out of the flood insurance business.
 Memorable August quotes
A country-music concert turned tragic. A "miracle" congresswoman went back to work. One oppressive regime came close to toppling as another was remembered 50 years later. These were just a few of the events that made headlines in August. Let's look at the month's most quotable lines.

August Quotes

 President Obama on Moammar Gadhafi
"This much is clear: The Gadhafi regime is coming to an end. The future of Libya is in the hands of its people."

President Obama spoke as rebels attempted to end the Libyan dictator's four-decade reign in Tripoli.
 Tobacco warning labels
"Never before in the United States have producers of a lawful product been required to use their own packaging and advertising to convey an emotionally-charged government message urging adult consumers to shun their products."

Four tobacco companies filed a lawsuit over graphic labels the FDA is requiring on their cigarette packs.
 Jim Thome
"You dream about it but when it finally happens it's kind of surreal."

The Minnesota Twins' designated hitter slugged his way into the record books with home run No. 600.

 Stolen Rembrandt sketch
"When the curator turned back to the Rembrandt, it was gone."

The Los Angeles County Sheriff's Department recovered a stolen sketch a few days after it was stolen from a posh hotel.
 Adam Levine
"C'mon. You can't be publicly gay? At this point? On a singing competition? Give me a break."

The lead singer of a Grammy-winning pop/rock group and co-host of "The Voice" criticized "American Idol" for its treatment of gay contestants.
 Warren Buffett
"My friends and I have been coddled long enough by a billionaire-friendly Congress. It's time for our government to get serious about shared sacrifice."

The billionaire investor  used a New York Times editorial to explain why the super-rich should pay more taxes.
 Indiana State Fair tragedy
"There was a hero every 10 feet on Saturday night."

Indiana Gov. Mitch Daniels spoke at a memorial for the victims of the stage collapse shortly before the country duo Sugarland was set to perform.
 Howard Schultz
"What is it going to take for Washington to listen to us?"

The Starbucks CEO suggested an interesting strategy to protest the government's handling of the debt-ceiling crisis.
 Texas Gov. Rick Perry
"He's a good-looking rascal."

Former President Bill Clinton gave his thoughts on the governor of Texas throwing his hat into the Republican presidential race.
 Berlin Wall 50th anniversary
"It is our responsibility to keep its memory alive and pass it on to future generations ... so that such injustices never repeat themselves."

Berlin Mayor Klaus Wowereit spoke at a ceremony marking 50 years since the barrier was erected – cutting off East Germany from the West.
 Health care reform bill
"We strongly disagree with this decision and we are confident it will not stand."

A White House aide responded to a court ruling that a major portion of the Affordable Care Act was unconstitutional.
 Dougherty gang
"I deserved to get shot."

A Florida woman expressed remorse her after she and her two brothers were caught  after a cross-country crime spree.
 Mitt Romney
"Corporations are people, my friend."

The presidential candidate's response to hecklers  gained him some attention on the campaign trail.
 London riots
"Everyone watching these horrific actions will be struck by how they were organized via social media. Free flow of information can be used for good. But it can also be used for ill."

British Prime Minister David Cameron considered social network bans after the sites were used to connect London rioters. How many people have been arrested?
 'The Playboy Club'
"I hope people boycott it. It's just not telling the truth about the era."

Women's rights icon Gloria Steinem – who went undercover as a Bunny in the 1960s – voiced her displeasure about the new NBC series.
 Tina Brown on Michele Bachmann
"Michele Bachmann's intensity is galvanizing voters in Iowa right now. Newsweek's cover captures that."

Editor in Chief Tina Brown defended her magazine's attention-grabbing cover of the Republican presidential candidate.
 U.S. credit rating
"We always have been and always will be a triple-A country."

President Obama spoke to the American people after the country's credit rating was downgraded for the first time in history.
 Afghanistan helicopter crash
"All of those killed in this operation were true heroes who had already given so much in the defense of freedom. Their sacrifice will not be forgotten."

The top U.S. commander in Afghanistan spoke of the 30 Americans and seven Afghan soldiers who died when their helicopter was shot down during a rescue mission.
Rep. Gabrielle Giffords
"I strongly believe that crossing the aisle for the good of the American people is more important than party politics. I had to be here for this vote. I could not take the chance that my absence could crash our economy."

The recovering Arizona congresswoman  surprised her colleagues when she returned to work for the House debt-ceiling vote.
Hurricane Irene batters smaller islands of Bahamas.MIAMI (AP) — Forecasters say Hurricane Irene has slowed just a bit but is still expected to rev up again when it takes aim at the East Coast and could become a Category 4 monster by Thursday.

Irene roared across the Bahamas archipelago on Wednesday, knocking down trees and destroying homes on a path that officials said posed the greatest threat to the country's smaller, less-populated islands.

There were no immediate reports of major injuries or deaths.

The National Hurricane Center early Thursday said Irene is approaching the northwestern Bahamas as a Category 3 storm with maximum sustained winds at 115 mph.read more

Forecasters say those fluctuations are normal but that winds will ramp up quickly over the next day.
Despite crazy takeover rumor, Bank of America not in danger of failing.A crazy rumor swept through Wall Street this week: JP Morgan would imminently take over Bank of America in a deal that would be "supported" by the federal government with a $100 billion investment in preferred shares in the combined entity or via a souped-up guarantee of deposits.

No one believes this, but the fact that it has cropped up speaks volumes about the mess that Bank of America has helped create for itself. It is surely a sign that the PR folks are struggling when the public discussion lapses into the absurd. There's no way that Bank of America is in any sort of danger of failing, as the rumors imply.

There's not much that would prompt a massive intervention right now. One of course would be a run on the bank. This could take two forms. Consumers could lose confidence and rush to the get their money back, something we rate as a low-probability likelihood. On the other hand, institutions and corporate clients could lose confidence stupendously and rush to get their money back.

Thanks to Bloomberg, we know that what pushed Morgan Stanley to the very brink of solvency in 2008 was a run by hedge funds on the bank's prime brokerage unit. Bank of America is not in any sort of similar danger. In fact, it would appear to be in decent shape from a balance sheet perspective. Certainly, it is on track to stay in compliance with Basel III's phased-in milestone requirement, given the many assets it could sell. That said, there's also reason to think that there's little room for growth in this environment. And a reverse split is more likely than dividends.

Read more:article



Hurricane Irene, the strongest Atlantic storm to threaten the U.S. since 2005, hit the Bahamas on a course that may take it near North Carolina this weekend and New England next week.
The Category 3 hurricane packed maximum sustained winds of 115 miles (185 kilometers) per hour today as it churned 105 miles east-southeast of Nassau, according to a U.S. National Hurricane Center advisory at 2 a.m. Miami time.
The hurricane will continue moving across central Bahamas during the next few hours and is heading northwest at 12 mph. It may strengthen today or tomorrow and pass “well offshore” the east coast of Florida, according to the advisory.
“Irene is a massive hurricane and that’s what’s so bad for the Bahamas,” said Dave Samuel, a meteorologist at AccuWeather Inc. “We’re just watching it decimating Crooked Island of the Bahamas, Cat Island looks like it will be in the wheelhouse tonight, and Eleuthera is just going to get smashed. It is moving slow and it is huge.”
After Irene finishes with the Bahamas, it is expected to arc north, passing over North Carolina’s Outer Banks and striking southern New England on Aug. 28 or Aug. 29, according to the hurricane center’s track. This is slightly west of where the system was earlier and closer to the East Coast. Forecast models show a wide variability in the possible track.
“That could shift 100 miles or more and probably will shift multiple times,” Jack Beven, senior hurricane specialist at the center in Miami, said by telephone.
Ike, Wilma

The last hurricane to strike the U.S. was Ike in 2008, a Category 2 storm when it went ashore near Galveston, Texas. The most recent major hurricane, one with winds of at least 111 mph, was Wilma in 2005. The last hurricane to strike Massachusetts was Hurricane Bob in 1991.
Irene’s hurricane-strength winds of at least 74 mph extend 70 miles from its core, and tropical storm strength winds reach out 255 miles.
Residents and visitors on North Carolina’s Ocracoke Island have started evacuating, said Jeff Hibbard, deputy director of emergency services for Hyde County. Farther up the coast, residents from Virginia to Canada will probably feel the storm’s power.
Navy Fleet
The U.S. Navy ordered all its ships in the Hampton Roads, Virginia, area to prepare to get under way within 24 hours as a precaution for the approaching hurricane, according to a press release from the 2nd Fleet. A decision on whether the ships will actually depart will be made later based on updated weather forecasts.
“Irene is an extremely dangerous storm,” said Jeff Masters, co-founder of Weather Underground Inc. in Ann Arbor, Michigan. “It has the highest potential of any storm in the last 50 years to make it all the way to New England as a Category 3.”
Last year, wind shear ripped apart Hurricane Earl as it moved up the East Coast, Masters said. By the time the storm passed near Nantucket Island off the coast of Massachusetts, it had nearly fallen apart and made landfall in Canada as a tropical storm.
Chris Hyde, a meteorologist at MDA EarthSat Weather in Gaithersburg, Maryland, said what happened with Earl may keep people from taking Irene seriously.
“This could be the most intense storm in 20 years, so don’t be complacent about it,” Hyde said.
Coastal Threats
Rain, beach erosion and tidal surge “will be in play from the Mid-Atlantic all the way up to New England as the storm progresses,” hurricane center Director Bill Read said in a conference call.
In New York, the most populous U.S. city with 8.2 million residents, officials were opening the emergency operations center in Brooklyn, said Chris Gilbride, spokesman for the Office of Emergency Management.
Based on information received from the National Weather Service, city officials assume a “strong possibility” the storm “could impact New York City or Long Island directly.”
New York Governor Andrew Cuomo also ordered the state’s emergency response team to prepare. Ed Mangano, the executive of Nassau County on Long Island, said storm preparations are taking up 70 percent of his time. The county is clearing drains, reviewing evacuation routes and making shelters ready in case they are needed, he said.
Total losses from Irene may reach $3.1 billion across the Caribbean and along the U.S. coastline, according to estimates from Kinetic Analysis Corp.

The Playlist has reportedly contacted the actresses’ representatives and they have debunked this story as rumor, saying that none of them are attached to the project.
You can file this one under speculation for now, but word on the web is that Milla Jovovich, Kate Beckinsale and Sofia Vergara are set to star as curvy super-heros in the forthcoming film adapation of the comic book series Danger Girl.
For those unfamiliar with the less-known animated work of J. Scott Campbell and Andy Hartnell, Danger Girl follows the adventures of three salaciously illustrated female secret agents led by their mentor named Deuce (who wikipedia says resembles an aged Sean Connery).
Benderspink Productions (A History of Violence, The Hangover) is apparently shopping the rights to the project, which has been described as Kill Bill meets Raiders of the Lost Ark, with the team element of Mission: Impossible thrown in for good measure.
In addition to the Danger Girl rumor, there have been reports that Milla, who recently finished making a 2011 reboot of the classic film The Three Musketeers, is set to reprise her role as security officer Alice in a fifth installment of the Resident Evil sci-fi franchise.
Afterlife, the fourth movie in the popular film series loosely based upon the Capcom video games of the same name, was a box office hit, raking in over $236 million worldwide.
Celebs who died young On the 10-year anniversary of R&B star Aaliyah's untimely and tragic death, we take a look back at other stars whose lives were taken too soon.

Amy Winehouse
Date of death: July 23, 2011

The "Rehab" singer was known for her public struggles with drugs and alcohol and died alone in her bed shortly after returning from a treatment facility.Amy Winehouse dies age 27.  the beehived soul-jazz diva whose self-destructive habits overshadowed a distinctive musical talent, was found dead Saturday in her London home, police said. She was 27.

Winehouse shot to fame in 2006 with the album "Back to Black," whose blend of jazz, soul, rock and classic pop was a global hit. It won five Grammys and made Winehouse — with her black beehive hairdo and old-fashioned sailor tattoos — one of music's most recognizable stars. But her personal life, with its drug and alcohol abuse, eating disorders and destructive relationships, soon took over her career.
Nate Dogg
Date of death: March 15, 2011

The seasoned rapper had suffered several strokes leading up to his untimely passing. Dogg was credited with pioneering the West Coast G-funk sound.nate dogg dies at 41. Hip-hop star Nate Dogg died Tuesday, according to reports.

Despite being around seemingly forever, Nate real name Nathaniel Dwayne Hale was just 41 and had battled serious health issues for several years.

Nate survived strokes in 2007 and 2008. His smooth vocal collaborations with Snoop Dogg, Eminem, Warren G., Dr. Dre and others led to many hits.

Mike Starr
Date of death: March 8, 2011

Best known as a member of Alice in Chains, Starr appeared on the third season of this reality show and was arrested (find out why) shortly before he was found dead in Utah.mike starr dead at 44. Former Alice in Chains Bassist Mike Starr Dead at 44  former Alice in Chains bassist and 'Celebrity Rehab' participant, was found dead in Utah on Tuesday, TMZ.com reports. Police tell the website the rocker's body was found in a Salt Lake City home around 1:45PM. The cause of death is still unknown. Starr was 44.


Gary Coleman
Date of death: May 28, 2010

Remembered as the adorable kid on this TV show who had his own catchphrase, he later battled depression, twice trying to commit suicide. He suffered from a disease his entire life, undergoing two transplants. In the end, it was another medical problem that took his short life.gary coleman dies at 42 Former child star Gary Coleman, who rose to fame as the wisecracking youngster Arnold Jackson on the TV sitcom "Diff'rent Strokes" but grew up to grapple with a troubled adulthood, has died. He was 42.
"We are very sad to have to report Mr. Gary Coleman has passed away," his spokesman, John Alcantar, said in a statement Friday afternoon. "He was removed from life support; soon thereafter, he passed quickly and peacefully. By Gary's bedside were his wife and other close family members."Coleman died after being stricken with a brain hemorrhage following an accident at his home in Santaquin, Utah, on Wednesday, a hospital spokeswoman said. He was rushed by ambulance to a Provo hospital, Coleman's spokesman had said earlier Friday.
He was then taken to another hospital -- Utah Valley Regional Medical Center in Provo -- later Wednesday night.
In the late '70s and early '80s, Coleman was one of television's brightest stars, the personality around which NBC's "Strokes" -- the story of two inner-city children who are taken in by a wealthy businessman, his daughter and their housekeeper -- was built.
"There was a touch of magic and a different stroke in Gary Coleman. He was the inspiration behind his show's title," said producer Norman Lear, whose company oversaw the show.


Corey Haim
Date of death: March 20, 2010

A fixture in the 1980s for his teen movies and his friendship with this other Corey, he later struggled with drug addiction and tried to get back on track by appearing on this reality show. Many rumors swirled about his death, but he died from a common disease.Corey Haim dies at age 38 Corey Haim, a 1980s teen heartthrob whose career was blighted by drug abuse, has died. He was 38.
Haim died early Wednesday at Providence St. Joseph Medical Center in Burbank, Los Angeles County coroner’s Lt. Cheryl MacWillie said.
“As he got out of bed, he felt a little weak and went down to the floor on his knees,” Assistant Chief Coroner Ed Winter said. His mother called paramedics.


Alexander McQueen
Date of death: Feb. 11, 2010

His daring and outlandish designs made him a fashion designer to the stars, most notably this singer. He received this prestigious award in 2003. He was found dead in his home due to an apparent suicide.Alexander McQueen dies at 40 Fashion designer Alexander McQueen, whose funky avant-garde designs have influenced Lady Gaga among others, has died, a spokesperson for the designer confirmed to MTV News. The BBC reported that paramedics were called to his London home Thursday morning (February 11), where he was pronounced dead at the scene. According to police, McQueen's death is not being treated as suspicious.


Brittany Murphy
Date of death: Dec. 20, 2009

While speculation ran rampant, the "Clueless" star appeared to have died of natural causes. Five months after her death, tragedy struck again for her family.Brittany Murphy dies at 32 Brittany Murphy died early this morning after she went into full cardiac arrest and could not be revived.Murphy starred in such films as "Clueless," "8 Mile," and "Don't Say a Word." Murphy was reportedly fired from last film, "The Caller," after reports she was problematic on set.


Michael Jackson
Date of death: June 25, 2009

Michael Jackson had announced a comeback tour before he died. His music topped the charts again after his death.+Michael Jackson dies at age Michael Jackson, the pop superstar who dazzled the world with his dancing but also led a strange private life that included a child-molestation charge, died suddenly Thursday after suffering a cardiac arrest. He was 50.
Jackson was taken to hospital Thursday afternoon after going into cardiac arrest at his Los Angeles home, said brother Jermaine Jackson at an evening news conference. A personal physician who was with the icon at the time was unable to resuscitate him despite an hour-long attempt.


Heath Ledger
Date of death: Jan. 22, 2008

Heath Ledger won an Oscar after his death. What was his last movie and what was his famous quote?+Heath ledger dies at age.Actor Heath Ledger was found dead Tuesday of a possible drug overdose in a Lower Manhattan apartment, the New York Police Department said.
The Academy Award-nominated actor was 28.
Ledger was found naked and unresponsive, facedown on the floor at the foot of his bed by a housekeeper trying to wake him for an appointment with a masseuse, said police spokesman Paul Browne.


Aaliyah
Date of death: Aug. 25, 2001

The R&B star's tragic death shocked her fans and the world. She died along with eight others in a plane crash after filming a music video in the Bahamas.Aaliyah dies at 22.Actress-singer , Aaliyah 22, dies in plane crash in Bahamas while shooting video Aaliyah


Biggie Smalls
Date of death: March 9, 1997

The Notorious B.I.G., who was seen as Tupac Shakur's rival, died in a drive-by shooting in Los Angeles. His murder remains unsolved.notorious BIG dies at 24.It's hard to believe, with all the impact he had in his short life, not to mention his fearsome appearance, but Biggie Smalls AKA the Notorious BIG was only 24 years old when he died in 1998.
The Brooklyn representative recorded an incredible amount of classic music, and launched the careers of many other artists in his short time on earth, after overcoming childooh troubles and time spent on the wrong path, in the streets. His life was chronicled, albeit through somewhat rose-colored glassed, in the hit movie Notorious last year. Along with Tupac Shakur, he is known as one of the two most tragic losses in hip-hop history, of stars lost right at the height of their success.
Notorious BIG allbums continue to sell consistently years after his death, especially the classics Ready to Die and Life Affter Death.The 24-year-old rapper, whose real name was Christopher Wallace, was shot just after midnight by unknown assailants in a vehicle as he sat in the passenger seat of a GMC Suburban at a stoplight in downtown Los Angeles, according to a police statement. He was hit several times, including at least once in the head, and died shortly afterward at Cedars-Sinai Medical Center.
The Notorious B.I.G. was the East Coast's biggest response to the West Coast-born genre of gangsta rap...
Notorious BIG Was 24 Years Old When He Died


Tupac Shakur
Date of death: Sept. 13, 1996

Rapper-actor Tupac Shakur starred in three films. He had six albums released after he was gunned down in 1996. His murder remains unsolved.+Tupac Shakur dead at 25


Selena
Date of death: March 31, 1995

Tejano music star Selena was only 23 when she was shot and killed. Her killer was found guilty of first-degree murder in 1995.+Selena died age 23 of murder by gunshot 


Kurt Cobain
Date of death: April 5, 1994

Kurt Cobain's name became synonymous with the Seattle grunge scene of the 1990s with the success of his alternative rock band, Nirvana. He took his life after checking out of a rehab facility, leaving behind a suicide note.Kurt Cobain dead at 27.Nirvana frontman Cobain rallied a generation with his 'Smells Like Teen Spirit' anthem and ushered in a new wave of rebellious teens during the Seattle grunge era in the early '90s. With sophomore record 'Nevermind' in 1991, Cobain changed the shape of the music industry and left an indelible mark on music history. His tumultuous relationships with fame, wife Courtney Love and heroin addiction culminated in his shocking suicide by self-inflicted gun wound, but over a decade later, Cobain's still revered as one of the most gifted voices of the 20th century.


River Phoenix
Date of death: Oct. 31, 1993

River Phoenix was hailed by critics for his performance in a coming-of-age tale and a classic adventure film.  He died of heart failure and a Heroin overdose.River Phoenix  dies at age 23.River Phoenix a great actor, died October 31st, 1993 at the age of 23, he died outside of the VIPER ROOM, Johnny Depp's club. River Phoenix died of a drug overdose and he was surrounded by his Sister, Brother, and his girlfriend at the time of his death.


Jim Morrison
Date of death: July 3, 1971

Though his life was short, Morrison's impact  on rock music in the 1960s and early '70s with the Doors was considerable and long-lasting. He was found dead in a bathtub in an apartment in Paris. The circumstances surrounding his death remain a mystery.jim morrison age 27


Jimi Hendrix
Date of death: Sept. 18, 1970

During his short life, Hendrix became a guitar superstar  and is widely considered one of the best instrumentalists in rock. He died in London after taking sleeping pills and choking in his sleep.jimi hendrix dies at 27


Marilyn Monroe
Date of death: Aug. 5, 1962

Marilyn Monroe(watch clips of her) had won a Golden Globe Award and sung "Happy Birthday" to the president among other accomplishments, by the time of her untimely passing. Her death remains a source of conspiracy theories.marilyn monroe death at 36.Marilyn Monroe’s death at 36, family and close friends held an intimate funeral with only 31 mourners, the Los Angeles Times reported.

The actress died of an apparent sleeping pill overdose in her Brentwood home on Aug. 5, 1962. Monroe had a meteoric rise to stardom, particularly in the 1950s with her roles in “Gentlemen Prefer Blondes,” “The Seven-Year Itch” and “Some Like it Hot.”

But the star was as famous as she was notorious. Married and divorced three times, Monroe’s troubled private life was often thrust into the public eye. In 1954, she had a short marriage to New York Yankees star Joe DiMaggio.


Buddy Holly
Date of death:  Feb. 3, 1959

Rock 'n' roller Buddy Holly's career was just taking off during the year before his death. Yet he became a legend for his music and is seen as a major influence on popular groups such as the Beatles and the Rolling Stones, among others. His life ended on what is called the Day the Music Died in a plane crash that also took the lives of the Big Bopper and Ritchie Valens.+buddy holly death age 22 Buddy Holly died in a plane crash at age 22 in 1959


James Dean
Date of death: Sept. 30, 1955

The embodiment of the American bad boy, James Dean  became a cultural icon with his impassioned performances in films like "Rebel Without a Cause." He famously died in a car crash driving his new Porsche 550 Spyder.james dean dies at 24.On this day in 1955, movie star James Dean dies at age 24 in a car crash on a California highway. Dean was driving his Porsche 550 Spyder, nicknamed "Little Bastard," headed to a car race in Salinas, California, with his mechanic Rolf Wuetherich, when they were involved in a head-on collision with a car driven by a 23-year-old college student named Donald Turnaspeed. Dean was taken to Paso Robles War Memorial Hospital, where he was pronounced dead at 5:59 p.m. Wuetherich, who was thrown from the car, survived the accident and Turnaspeed escaped with minor injuries. No charges were ever filed against him.
James Byron Dean was born February 8, 1931, in Marion, Indiana. He studied drama at the University of California, Los Angeles, before moving to New York City, where he appeared in plays and TV shows and took classes at the Actors Studio with legendary acting coach Lee Strasberg.
Dean rose to stardom in 1955 with his role as Cal Trask in East of Eden. He reportedly beat out Paul Newman for the part. Dean's performance in the film, based on the John Steinbeck novel, earned him a posthumous Academy Award nomination for Best Actor. It was the first time in Oscar history that an actor was nominated after his death. The young actor's next film was "Rebel Without a Cause," also released in 1955, in which he played a rebellious teen named Jim Stark. The film, which co-starred Natalie Wood and Sal Mineo, turned Dean into the poster boy for disaffected youth and cool. Dean’s final film "Giant," released in 1956 after his death, was an epic tale of a Texas cattle rancher and his family. Dean starred opposite Elizabeth Taylor and Rock Hudson and was nominated posthumously for a second Oscar for his performance as Jett Rink.



Janis Joplin
Overdose (October 4, 1970)
Hippie Joplin grew up in Texas but moved to San Francisco and joined the band Big Brother and the Holding Company in the '60s. Despite her truncated life, she managed to record classics 'Me and Bobby McGee', 'Mercedes Benz', 'Piece of My Heart' and four albums with her backing bands. Heavily into drugs, she went through periods of getting clean but inevitably succumbed to heroin addiction when she died at the Landmark Motor Hotel in Los Angeles of a heroin overdose. Joplin paved the way for women in rock music and leaves behind her distinct blues/psychedelic rock vocals.


Robert Johnson
Murder (August 16, 1938)
Considered to be one of the best guitarists of all time and an early purveyor of rock 'n' roll, Delta bluesman Johnson influenced everyone from Eric Clapton to the Stones. The details of his biography are fuzzy, but according to myth he made a deal with the devil at a crossroad in Mississippi in exchange for learning how to deftly play guitar. Known to be a ladies man, one night Johnson flirted with a married woman at a dance and allegedly the jealous husband slipped poison into a bottle of whiskey that Johnson drank. He leaves behind blues staples 'Love in Vain' and 'Sweet Home Chicago.'


D. Boon
Car accident (December 23, 1985)
Dennes Boon formed the influential punk band Minutemen with Mike Watt in 1980. Unlike a lot of punk bands during that time, Boon didn't employ distortion with his guitar but instead pumped up the treble. While riding in the back of a van in Arizona, the van ran off the road and the seatbeltless Boon was thrown out of the back door and killed. Through four records, Boon exemplified a new breed of punk rock and would influence paeans of punksters for decades to come. After Boon's demise, Minutemen disbanded but Watt has since dedicated every project he's worked on to his friend Boon.


Pigpen
Gastrointestinal hemorrhage (March 8, 1973)
Ronald "Pigpen" McKernan was a founding member of celebrated jam band the Grateful Dead playing everything from the organ to the harmonica. Despite the druggy nature of the band, Pigpen eschewed drugs for his vice of alcohol. Years of imbibing led him to experience symptoms of biliary cirrhosis (liver disease). Shackled with the ailment, Pigpen quit touring and made his final appearance with the Dead at the Hollywood Bowl in '72. A few months later, he was found dead of a gastrointestinal hemorrhage at his home in Corte Madera, California. His tombstone reads, "Pigpen was and is now forever one of the Grateful Dead."


Kristen Pfaff
Overdose (June 16, 1994)
Pfaff moved from Minneapolis to Seattle when she joined Hole to record 'Live Through This.' Since heroin was the drug of choice in the city, it was soon after moving there that she became hooked. She entered rehab for addiction in 1993, then took a hiatus from Hole a year later to tour with her other band, Janitor Joe. The night before she was suppose to move back to Minneapolis to focus on Joe, she relapsed and died of a heroin overdose in her bathroom -- two months after her close friend Cobain had died.


Mia Zapata
Murder (July 7, 1993)
Zapata formed her punk group the Gits at Antioch College in Yellow Springs, Ohio in 1986 then moved the band to Seattle in 1989 to capitalize on the fledging music scene there. Later heralded as a pioneer in female punk, Zapata and the band released one album and were on the verge of breaking out with a sophomore record when the unspeakable happened. While heading home from a bar one night, she was ambushed by an unknown man who raped and killed her. Several years after her death, the police finally caught her assailant, Jesus Mezquia. Zapata's legacy continued when admirer Joan Jett reformed the Gits under the name Evil Stig (the Gits backwards) and held benefit concerts to raise money for her murder investigation.


David Alexander
Alcoholism (February 10, 1975)
Michiganians Iggy Pop and the Stooges guided the wave of punk rock in the late '60s and early '70s with their self-titled debut and subsequent Fun House and Raw Power albums. The Stooges bassist, David Alexander, wrote a lot of the Stooges seminal tracks including 'Little Doll' and 'Dirt' but was fired from the group in 1970 because he was too drunk to play the Goose Lake International Music Fest in Michigan. Zander's excessive drinking resulted in pancreatitis and pulmonary edema, where heavy fluid accumulated in his lungs.