Campus
Nite Owl fills out W.I.L.D. lineup
Local St. Louis hip-hop artist Nite Owl will be the third opening act at this year’s W.I.L.D. Team 31’s selection of Nite Owl follows a trend of recent years wherein one emerging local artist opens for the featured act—in this case Talib Kweli.
Nite Owl comes along with a backup band featuring keys, One’s and Two’s, bass, percussion and guitar. Founded in 2002, Nite Owl received recent acclaim for his 2007 album “Now You Can Boo Me.” According to music review site addictedtonoise.com, Nite Owl performs live more than any other St. Louis hip-hop artist.
Billing himself as a classical rapper, Nite Owl counts Jay-Z, The Roots, Biggie and Busta Rhymes among his influences. (Ben Sales)
National
Fed to bail out AIG
The Federal Reserve is planning to loan $85 billion to American International Group (AIG), a major insurance company, giving the Fed an 80 percent share in the company.
AIG will contribute all of its assets to secure the loan.
The Fed decided on the deal after a meeting Tuesday between Fed Chairman Ben Bernanke and senate leaders including Majority Leader Harry Reid (D-Nev).
The Fed attempted to bail out AIG with other financial giants through a loan of $75 billion, but could not complete that arrangement, leaving a buyout to be the most viable option. Otherwise, experts expected AIG to file for bankruptcy protection. (Ben Sales)
International
Mugabe, Tsvangirai reach transition agreement
President Robert Mugabe of Zimbabwe signed an agreement on Monday with opposition leader Morgan Tsvangirai, ending Mugabe’s uninhibited 28 years of ruling the troubled country.
Under the agreement, the two leaders will share responsibilities for running the nation; the full details of implementation remain unclear.
Though there has been a long history of hostility between the men and many parts of the deal are still unresolved, they are confident that this is the start of stabilizing the country.
The mood was particularly jubilant among opposition supports in Harare. The crowd there included many opposition workers who had previously been in hiding or had been beaten in government-sponsored violence. (Trisha Wolf)
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