The music business has undergone drastic changes during the Internet era, but until recently, one thing that hadn't changed was the role of the American Society of Composers, Authors and Publishers, known to the industry as ASCAP. This performance rights organization has helped songwriters and music publishers get paid when their songs are played in radio broadcasts, on elevators and in clubs for nearly 100 years. But as broadcasting moves online, ASCAP's future may be uncertain.
As a child growing up just south of Atlanta, Margaret Mitchell used to sit on the front porch, listening to adults tell stories about the Civil War as they passed still summer nights in Clayton County. Those stories went on to help inspire one of the most famous novels of all time — Gone with the Wind, which is celebrating its 75th anniversary.
President Obama tells Congress to get cracking on the deficit reduction talks — and maybe not take so many vacations. After all, Mister Obama said, his kids do their homework ahead of time, so why can't Congress?
Bank of America will pay $8.5 billion to settle claims by investors who lost money on mortgage-backed securities. The securities at issue were put together and sold by Countrywide, and they became Bank of America's problem when the bank acquired the mortgage giant in 2008.