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Facebook stock falls like a rock

Social media giant sees bad second day

Facebook stock dropped 13 percent on its second day of being traded. It opened its public offering at $42 but is currently at $34.43 as of this writing.

The Facebook stock was initially set to open at $38 dollars, setting a record value of $104 billion.  Facebook’s stock also broke another record with having the most shares traded in a single day with 581 million.

The question of why the slump in price is currently the main focus point.

“Investors are clearly recognizing the risks embedded in the stock,” said Brian Wieser, an analyst at Pivotal Research Group LLC. “It’s just been priced for perfection at the IPO price, and that’s clearly unrealistic.”

 

With having 900 million users and being the world’s largest provider of online ad data, it’s slightly shocking that the facebook stock has plummeted so quickly.

The drop is also partly due to what Nasdaq OMX Group Inc. Chief Executive Officer Robert Greifeld calls “poor design” in software. There were complications with customers submitting cancelations and updating existing orders, which forced the Nasdaq system to continually repeat. Thus, many were unable to purchase the stock.

On top of the Facebook stock drop, Mark Zuckerberg also tied the knot with his long-time girlfriend Priscilla Chan. The couple has apparently dated been dating for the last night years and held their wedding in Zuckerberg’s backyard.

The two met when they were sophomores at Harvard around the same time Zuckerberg started to create Facebook.

With the Facebook stock rapid decline, investors who were unable to by because of the software glitch must be feeling pretty good right now.

NATO comes to a close in Chicago

Meeting builds much controversy

NATO has seen it’s fair share of support and hate this past weekend in Chicago.

The NATO summit has made some progress though. Recently, it’s been announced that the European Missile defense shield has become “provisionally operational,” reports the Christian Science Monitor.

However, Russia has stood strong against the plan. Russia’s Nikolai Makarov had preciously spoke about a pre-emptive strike against the NATO miss plan.

President Obama also put his confidence behind Afghanistan and their ability to take full control of their own security.  The transition want happen until 2014, but Obama stated, “As Afghans stand up, they will not stand alone.”

For Afghan to operate their own security force, it will cost roughly $4.1 billion a year. The U.S. is going to handle a large portion of that, and NATO allies have been asked to contribute 1.3 billion per year.

While NATO seems to making progress, Chicago is falling down around it. Nearly 50  people have been arrested during protests and numerous cops have been injured. One officer was even stabbed in the leg.  The majority of the protests have been quite and calm, but last night saw an aggressive change to the attitude, turning into a riot.

Brent Betterly, 24, Jared Chase, 24, and Brian Chruch, 20, have also been arrested for suspicion of terrorism once it was found out that they were planning on building explosives for be set off during the NATO summit. Several others were also arrested for similar charges.

The NATO summit, which has officials from over 50 countries, ends today.

Gay DC character to premier

Hero comes out of the closet

DC Comics is about to introduce a character as gay, reports Bleeding Cool.com.

The gay DC character won’t be a new character, but rather, he will be one that was assumed to be straight and is coming out of the closet.

Dan DiDio announced the outing over the weekend at London’s Kapow Comic Convention. He stated that the new Gay DC character will be “one of our most prominent gay characters.”

The company hasn’t stated yet who the gay DC character will be, but it is sure to turn the comic world in a new direction.  But, this isn’t the first time that DC has touched on the idea of homosexuality. They reintroduced Batwoman as a lesbian and Voodoo as a bisexual.

All of this comes on the heels of President Obama’s recent approval of same-sex marriage.

However, the gay DC character isn’t the first to hit the pages of a comic book. Archie created the student Kevin Keller in 2010. Marvel also has plans to introduce a gay character.

Bob Wayne, vice president of sales at DC, says the introduction of a gay DC character is a part of their evolution.

But, what do you think about the placement of a gay DC character? Is it needed in comics or are the heroes just there to fight crime?

Mrs. Eastwood makes her TV debut

The wife of Clint is just as entertaining

Mrs. Eastwood and Company aired last night and kept everyone entertained. The show, which airs on E! features Clint Eastwood’s wife Dina, her two daughter’s Francesca and Morgan and their housekeeper Lisa.

Mrs. Eastwood however showed the world Sunday night that her husband isn’t the only one with talent and timing in the family. Last night’s episode of Mrs. Eastwood and Company was all about being uncool. 

Morgan wanted a piercing, so Dina and Lisa decided to prove just how frivolous they are. Mrs. Eastwood got her bellybutton pierced. And, Lisa, to push it over the top, opted for a stud in her nose. However, she later removed it, stating, “Inside, it feels like a big snot.”

While Mrs. Eastwood and Company follows Keeping up with the Kardashians, the women are not cut from the same cloth. Instead of opting for the drama of the glitz and glam of the Kardashians, Mrs. Eastwood’s show opts for a more casual motherly tone.

“People might be surprised by how we live our lives and our unconventional approach,” Dina Eastwood said in a statement

While the family has been made famous thanks to Clint, the Duke is rarely seen. In the first episode, Mr. Eastwood is seen for barely 70 seconds, and he is mostly silent.

It’s obvious that the world doesn’t need another reality TV show, but Mrs. Eastwood and Company doesn’t try and impress with their wealth. They know they are there to just entertain. And, that’s okay with us.

Mrs. Eastwood and Company airs Sundays at 9 p.m.

Bike to Work Day- Saves on Gas

Today commuters trade four to two

Today is national bike to work day and offers commuters a chance to not only save some coin in their pocket and burn a few extra calories.  The skyrocketing gas prices have inspired bike enthusiast groups to declare Friday, May 18 a day to ditch your comfortable sedan for two rims.

However, if you do plan to participate in Bike to Work Day, then make sure to use extra caution, despite if you are driving or pedaling.

Websites across the nation are setting up group rides and other entertaining activities for Bike to Work Day.

But, if you do find yourself enjoying your bike ride to work, why not consider making it a permanent fixture in your life.  Think of all the money you could save. That European vacation may not just be a fantasy after all.

The former Playmate set to make return to centerfold

The former Playmate set to make return to centerfold

Jenny McCarthy the former 1993 Playmate, and advocate for autism, will pose nude for Playboy once again, reports US Weekly. McCarthy will be featured on the magazine’s cover and in a full pictorial for the July/August issue.

Jenny McCarthy, now 39, also recently appeared in singer and comedian Bill Zucker’s latest music video for his new single Half the Man. This is the first time that the Chicago native has appeared in a music video, which is rather surprising.

“Jenny McCarthy is one of the most kind and genuine people that I have ever met and has become a good friend,” Bill said. “She just oozes sex appeal and class and I enjoyed every single minute of working with her,” he added.

Jenny McCarthy, despite her rise to fame as a Playmate, has gained much notoriety and respect recently for her work with autism. In May 2007, Jenny McCarthy announced her son Evan had Autism. Since then, she has been a spokeswoman for Talk About Curing Autism (TACA) and Generation Rescue. In 2007, she also published her book Louder than Words: A Mother’s Journey in Healing Autism.

In it, she claims that it was her ex-husbands inability to deal with their child’s disease that led to their divorce. Since then, she has been linked to funnyman Jim Carey and the Chicago Bears linebacker Brian Urlacher.

With the announcement of Jenny McCarthy returning to the pages of Playboy it seems that her career has come full circle, but for a woman who is just around the corner from 40, you have to give her respect for having the courage to bare it all.

Check out Half the Man below.

Battleship- interview with Peter Berg

We chat with the film’s director

“Battleship” is set to hit the big screen May 18, and College News sought out the film’s director Peter Berg, to find out what motivated him in making the movie, why he chose to cast Rihanna and to talk about his passion for the Navy.

What was your inspiration for turning one of the most classic board games into a feature length film?

My dad was a marine and an amateur Navy historian; he used to drag me to every museum in the world. I’ve developed a love of naval history and have always wanted to do a naval movie. I decided that I wanted to try and make a big, fun popcorn action movie. For some reason, “Battleship” popped into my head, and I thought I could satisfy both. 

Did you find the process difficult given that there really isn’t a back-story besides “you sunk my battleship?”

It’s an original story. So, it was difficult like anything is difficult. In some ways, I had more leniencies than I’ve ever had creatively because there was nothing to really go on other than five ships trying to find and destroy five ships. So, I was liberated, and it became a great creative experience. I kind of created something out of nothing.

Your films have a grandiose style and are visually impressive. What draws you to this style of filmmaking?

I’m a fan of dynamic filmmaking. My films generally have action and/or violence in them, and I’m drawn to the psychology of the men and women whom find themselves in tense and violent situations. I look for anything that feels kinetic and visually dynamic.

Besides the clear fact that Rihanna is beautiful and has an amazing voice, what made you decide to cast her in “Battleship?”

I like mixing it up. I’ve cast Tim McGraw in “Kingdom” and “Friday Night Lights.” I’ve been a big fan of musicians acting. I felt like Rihanna was fresh, had tremendous charisma and was a new way to go. I could just

tell from meeting her and the time I spent auditioning her that she was taking it really seriously, and she would bring it as hard as she could. I thought that would be pretty good. I was surprised I was the first person to ever cast her.

In the scene with the alien ships rising up out of the water, the visuals are stunning. What have been some of the more innovative cinematic techniques with “Battleship?”

“Battleship” is a summer popcorn film. Generally these films have big CGI components. One of the smartest decisions I made was hiring ILM and the designer Grady Cofer. What ILM was able to do was bring a level of photorealism that you just don’t see. You see everything from the big epic shots of the alien ships rising to the detail of an alien, an eye, a finger, a cheek. I’m just so impressed what ILM was able to do visually across the board.

We know you filmed on board the Battleship Missouri Memorial (BB-63). Was the Navy helpful with filming?

Tremendously, I have a very good relationship with the Department of Defense. My next film is based on the book “Lone Survivor,” which is a true story of a gunfight that happened in Afghanistan in 2006, where 19 Navy SEALs were killed and one lived. I’ve spent a lot of time with the Navy and the public affairs officers at the pentagon and have sort of spread the word, regardless of my political stance; I’m a very, very strong supporter of the men and women who serve. As a result of that, we were given extraordinary access to the [ships].

You started out as an actor and eventually moved behind the camera; was this something you had always planned on?

I started making movies when I was in high school. [My first film] was about two friends playing a board game, “Stratego.” One of them gets the other guy’s flag. They get into a fight, and one guy knocks the other one out, and he goes into the other one’s mind. Then, he has this whole flashback. So, it’s kind of ironic that the first movie I ever made was about a board game. I’ve had almost every job you can have in the film business from the gopher who goes and gets your coffee to the truck driver to electrician. I’ve also acted, but [it was] always with the goal of directing. I love having a very comprehensive understanding of what it takes to make a movie. I generally understand what it’s like for the crew, what their jobs are. I understand the stresses they are in. Working in film puts a lot of stresses on families, and I’m pretty sympathetic to that. I always knew that my goal was to direct. I’ve enjoyed the experience I’ve had along the way working with so many different departments.

What’s the best route one should take to have their screenplay noticed?

My feeling is that there is very little that someone has to say in their early 20s that’s particularly interesting. I recommend that people go out and live, get a life’s education, travel, have adventures, get arrested, fall in love, have their heart broken. Do all the things that you need to do to eventually become a storyteller. I tell people to slow down and not be in such a hurry and go out and live.

Should moviegoers stick around after the credits for a bonus scene?

Of course, you’ve got to stick around!

Amanda MacKay Lets you in on “Battle for Everything”

With the summer blockbuster Battleship set to hit theaters on the 18th, College News sat down with Spike TV’s Amanda MacKay to get the goods on the accompanying video game Battle for Everything. We get an insight at the best strategy to win and the amazing prizes that gamers can win. Check out our interview below and then go play the game. Also, look out for the next issue of College News and our interview with director Peter Berg.

 

Junior Seau found dead in California home

Former Charger commits suicide

Junior Seau, a former linebacker for both the Charges and the Patriots was found dead in his home reports TMZ. The North County Times and the news program 10news reported that Junior Seau’s death was in fact a suicide.

The former football star was found after police arrive to investigate a shooting gat his Oceanside home.

Junior Seau played an incredible 19 seasons in the NFL, being the number five draft pick back in 1990 our of the University of Southern California. Ten times he had the honor of being name an all-pro and in 1994, he was the AFC player of the year. Seau also made 12 appearances in the Pro Bowl.

He retired from the NFL in 2006 but later returned to play for the New England Patriots until he suffered injury to his forearm.

Seau drove his SUV off a beachside cliff in 2010 after he was arrested for domestic violence in Oceanside.

The coroner has yet to release an official report.

Kentucky Derby marks 138th year

Who will be this years winner?

The Kentucky Derby rounds to turn this weekend. This year’s race marks the 138th Kentucky Derby, and unlike years before, you can now watch the entire thing online.

It can be streamed through Twinspires TV, which will show up to five tracks at once.

The race can still be viewed in the conventional way trackside with a mint julep in hand and large boisterous hat atop your head or on TV through NBC at 4 p.m. on Saturday

This year 21 horses have entered the Kentucky Derby, which is one more than the field’s maximum allotment of 20. This morning marked the last day for entries and post positions will be determined by the end of day as well.

Bodemister is thought to be this years frontrunner, given his recent win at the Arkansas Derby and that he is one of two horses trained by Bob Baffert, reports the Washington Post.

Interested in the Kentucky Derby’s owners, trainers, jockeys and horses? Click here to learn more about them.