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On Wednesday, just hours before the Penn State Board of Trustees voted to fire him, longtime Penn State football coach Joe Paterno had one last chance to save his legacy.
Penn State trustees fired legendary football coach Joe Paterno and university president Graham Spanier amid the growing furor over how the school handled sex abuse allegations against an assistant coach.
The argument has been made every year: Joe Paterno should step down for the future of Penn State football. But for every bad year, as the hot seat got hotter, JoePa seemingly came back with a better season. But, after the sexual assault scandal, there's no argument to be made that things will get better for Paterno. His great contribution to the school in time and financially, perhaps more than any coach has done in history, no longer applies.
In the last four days, Penn State officials have been getting crushed by the media and by fans for their handling of charges of sexual assault allegations that inexplicably reached a dead end without being reported. How is this possible? How can the state be working on a two-year investigation and Spanier and Paterno, in their first public comments, act as if they were blindsided?
As the Penn State sexual assault allegations and perjury claims swirl, I wondered how Nittany Lions alums were taking the news. Would they let the legal process play out or had they already decided what to do with their money or their tickets? Here are some thoughts from PSU fans on Twitter.
"Statistics from Nielsen Online show that at least twenty-five percent of the seemingly hard-working people hunched over computers in their cubicles are actually looking at porn," and as this author writes, if you're one of them, you're probably losing a lot of money.
A robust — and unique — black market has sprung up for what is one of the most coveted concert tickets of the year for thousands of New Yorkers: Radiohead’s two shows at the Roseland Ballroom in Midtown Manhattan.
As his former colleagues at the International Monetary Fund gather this week, the scandal surrounding Dominique Strauss-Kahn will be a specter in the background.
UK Finance Minister George Osborne faced controversy Monday as allegations resurfaced about him taking cocaine with a former madam.
Registration for the new .xxx Internet domain name kicked off on Wednesday, starting with a 50-day period during which businesses both inside and outside the adult entertainment industry can register for a .xxx domain or exclude their name from it to protect their reputation.
Former IMF chief Dominique Strauss-Kahn sexually assaulted a housekeeper in a "violent and sadistic attack" in his hotel suite in Manhattan in May, a civil lawsuit filed on Monday alleges.
"American Psycho" was a weird book. It was so graphically violent that many serious critics decided that it must be satire. No serious novel could relish murder, misogyny and mayhem without irony, the critics thought. But what was it satirizing?
The reason congressional leaders and the President can't agree on how much we need to cut, how much we need to raise, and how much we need to borrow, I believe, is because they're all using The Wrongulator.
DoubleLine Capital CEO Jeffrey Gundlach has made a lot of money calculating where the bond market will go. But his former employer goes to court today to try to prove Gundlach miscalculated when he prepared to start DoubleLine while still employed at TCW.
Following Wednesday's indictments of 17 people accused of running a $7 million prostitution ring, all of the websites allegedly operated by the accused are still up—and at least one of them is still "servicing" callers.
Sex sells, duh. And, apparently, during an economic recession, sex-related sales—from Trojan condoms to wine and chocolate—have been particularly hot.
The indictments of 17 people on charges of running a high-end prostitution ring no doubt has some on Wall Street worried.
French investigators have questioned one of Dominique Strauss-Kahn's daughters, one of his ex-wives and may question a Socialist presidential hopeful about claims the former International Monetary Fund chief tried to rape a writer.
The hotel maid who accused former International Monetary Fund chief Dominique Strauss-Kahn of sexual assault remains on the payroll of New York's Sofitel Hotel, CNBC has learned from a source close to the investigation.
If you live in Los Angeles, you know that this weekend the 405 freeway will be completely shut down—completely—between the 10 and the 101 freeways. They're calling it "Carmageddon," and it is the end of the world as we know it. This is a town where freeways are more important than world peace.