The bulk of Sterling’s wealth comes from real estate -- buildings in LA. So, will his real estate business be tarnished because Sterling has been banned from the game for racist comments?
“Yes, of course,” says Robert Baade, an economist at Wake Forest University. Baade wouldn’t be surprised if people started boycotting all things Sterling.
Any fall out will be short-lived, according to Leonard Baron, a San Diego realtor and lecturer at San Diego State. He doesn’t think Sterling will lose any tenants. “People renting are going to be like, 'What’s the price and what’s the location?'" he says. "So I doubt it’s going to have any lasting effects at all.”
And, Baron says, if Sterling wants to sell any real estate, there are plenty of buyers willing to pay top dollar.
This new kitchen tool promises to scramble egg whites and the yolk to create delicious culinary creations, and save you from washing a whisk. A soft cradle keeps the egg from breaking.
This week, AT&T announced it will offer Wi- Fi service on U.S. flights next year.
Until this week, the in-flight internet business was dominated by Gogo.
Roger Entner, with Recon Analytics, says the challenge for AT&T is that only a small fraction of passengers actually use Wi-Fi on flights.
“AT&T is looking at it and says if we bring down price, and we accelerate the speed, more people will use it and then it will become a bigger market.”
Federal prosecutors are preparing criminal charges against Credit Suisse and BNP Paribas, according to reporting in the New York Times.
Ben Protess, with the Dealbook section of the New York Times, wrote:
Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a development that could produce the first guilty plea from a major bank in more than two decades.
In doing so, prosecutors are confronting the popular belief that Wall Street institutions have grown so important to the economy that they cannot be charged. A lack of criminal prosecutions of banks and their leaders fueled a public outcry over the perception that Wall Street giants are “too big to jail.”
"These investigations have been going on for years," Protess told Marketplace. "This is kind of a new batch of cases the last few years."
In the case of the Swiss bank, it involves allegations that it helped clients avoid taxes. In the case of BNP Paribas, it's about doing business with companies in violation of U.S. economic sanctions. The Times says this would challenge a common belief in the financial world that big banks are too important to charge in criminal cases.
"In the Credit Suisse case, that one could really be in the next couple weeks," Protess says. "We're expecting either a guilty plea for the main arm of Credit Suisse in Zurich, or perhaps even the parent company."