IN ECONOMIC NEWS
*While Wall Street has shown some signs of rallying in past days, analyst James Chanos, who accurately predicted the fall of Enron and other events, warns investors that the next big economic failure will be China. The reason behind this thought is that investors are extending the country lines of credit in wake of recent incidents, like the lead based recalls and other problems, that they will not be able to repay anytime soon.
*And while not every retailer has made public their fourth quarter/Christmas earnings yet, amongst those that have, the more budget conscious stores like TJ Maxx, Marshall's, Costco, Ross, and Aeropostale are all reporting gains over this time last year.
*The security chaos at the Newark Airport earlier this week was the result of one man breaching a security barrier to give his girl friend one last kiss goodbye before departing. Haisong Joing's act caused airport security to rescreen everyone they had processed up to that point in time, causing several delays and missed flights. Joing will be facing charges of defiant trespass when he appears before a judge next week.
IN ENTERTAINMENT NEWS
*Art Clokey, the creator of Gumby, as well as Davey and Goliath, passed away this week at the age of 89.
*While NBC was willing to wait and give the program more time to develop a following, affiliates concerned with local ratings issued an ultimatum, and thus Jay Leno's 10 pm (Eastern Standard Time) program ends February 11th, the night before coverage of the 2010 Winter Olympics begin. A plan for how to keep Leno at the network and the existing late night hosts (Conan O'Brien, Jimmy Fallon, and Carson Daly) happy was still in development as this was posted.
*Charges are pending against Doctor Conrad Murray in the death of singer Michael Jackson.
*Miley Cyrus has announced that the upcoming fourth season of her show Hannah Montana, which begins filming next week, will be her last so she can pursue other projects.
*As Spring training for Major League Baseball approaches, amongst all the trade talks and contract renewals, veteran pitcher Randy Johnson has announced his retirement.
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