KATT WILLIAMS SUED BY FANS FOR PUBLIC MELTDOWN

Katt Williams may have gone too far this time. His erratic behavior and public outburst has caused Brian Herline to file a class action lawsuit against the comedian. On November 16 during a show, Williams had a crazy meltdown and tried to fight several audience members. He also removed his clothes and confronted hecklers with aggressive behavior. He was arrested several days prior in Oakland. Herline is sueing on behalf of all fans in attendance that night.

TMZ Reports:

According to the lawsuit — filed on the day before Thanksgiving in Alameda County, CA — Katt’s show ended after just 10 minutes … but not before he “confronted a heckler, took his clothes off, and attempted to fight at least three audience members.” The suit is seeking unspecified damages for “Katt Williams’ non-performance.”

Kill the 401(k)?

As America hurtles toward the fiscal cliff, there’s an increasingly frantic search for ways to shore up the country’s deteriorating balance sheet. Republicans want to cut spending; Democrats would prefer to raise taxes on the wealthy. But a paper released today by Harvard and Danish researchers highlights just how much room there could be to generate more government revenue without sacrificing economic efficiency—in other words, the type of policies that both parties could conceivably learn to love. The study analyzes the responses of Danish taxpayers to savings incentives—much like those that exist for American 401(k) and IRA accounts—and also behavioral “nudges” that automatically deduct retirement savings from workers’ paychecks. It turns out that savings incentives had scarcely any impact on the rate at which Danes accumulated nest eggs, while the nudges were very effective in making people save. These findings suggest that 401(k) plans and their brethren—which cost the U.S. government as much as $100 billion a year in lost revenue—don’t do much to further their stated objective of boosting retirement savings. Even if $100 billion wouldn’t go all that far toward solving America’s debt problems, it suggests that smart approaches to eliminating or improving government programs could quickly add up to fiscal solvency—and might help the two sides find common ground. The reason we have tax shelters like the 401(k) is to change the relative cost of spending money today versus saving for tomorrow. Exempting retirement investments from taxation increases the saver’s return on his investment, so a rational cost-benefit calculation should lead most people to put something away for the future. In theory, such tax shelters should go some way toward correcting Americans’ problem of undersaving. CONTINUE READING..

President Obama Prepares for Cabinet Shuffle

As President Obama prepares for his second term, preparations have begun for the traditional shuffling of the Cabinet. Top priority for the president: filling slots for those top officials heading – if not running – for the door: Secretary of State Hillary Clinton andSecretary of the Treasury Tim Geithner. To replace Clinton, Democratic insiders suggest that U.S. Ambassador to the United Nations Dr. Susan Rice is the frontrunner, with Sen. John Kerry, D-Mass., also a viable candidate. Rice has been harshly criticized by Republicans for the erroneous comments she made on Sunday news talk shows after the attack on the U.S. compound in Benghazi, Libya, comments that were based on intelligence reports that falsely blamed the attack on a protest against an anti-Muslim video. When the president, during his recent press conference, offered a vociferous defense of Rice, many of those close to him began to suspect he was tipping his hand as to what he might decide. To replace Geithner at Treasury, White House chief of staff Jack Lew is thought to have the inside track if he wants it, with other possibilities including Neal Wolin, the current deputy secretary of the Treasury and Lael Brainaed, current under secretary of the Treasury for international affairs. CONTINUE READING…

New Edition Wins Top Soul Train Music Award

The 2012 Soul Train Music Awards was the first time in the 25-year history of the ceremony that it was without its creator, Don Cornelius. For that reason, this year’s edition, which was taped at the Planet Hollywood in Las Vegas and aired on BET and Centric on Sunday night, had to be special. Hosted by Cedric the Entertainer with the incredibly on-point house band held down by musical director Raphael Saadiq, the awards (see the full list of winners here) kicked off with a very Vegas-style medley of classics. Anthony Hamilton performed Bill Withers’ “Lovely Day,” Leah LaBelle channeled the silky soul of Teena Marie with a cover of “Square Biz” and Fantasia paid r-e-s-p-e-c-t to Aretha Franklin with an inspired performance of “Don’t Play That Song For Me.” Meanwhile, Charlie Wilson, who didn’t need anyone to pay homage to his Gap Band legacy as he is still a relevant artist today, brought it home with “Outstanding.” Cornelius’ son, Tony Cornelius, was the next presenter as he reflected on his late father and introduced a loving tribute with “Soul Train” dancers honoring the different eras of dance. Knowing how much influence the series had on the art of dance for more than 30 years, the Fatima Robinson-choreographed performance was fitting and heartfelt. The dancers encompassed the moves upon which we can all reminisce as they grooved to Guy’s “Groove Me,” got busy to BBD’s “Poison” and punctuated their set by paying homage to the King of Pop, Michael Jackson. Keyshia Cole showed why she’s one of soul music’s biggest talents, singing cuts from her new album “Woman to Woman,” including “Enough of No Love.” X-Factor winner Marcus Canty followed with a serviceable rendition of Luther Vandross’ “Never Too Much” before perhaps one of the bigger surprises of the evening. CONTINUE READING….

Nate Dogg’s Final Album Dropping In 2013; Jay-Z and Eminem Featured

The passing of Nate Dogg was one that will forever be one of the saddest moments in hip-hop history. Having one of the most unique voices and so many classic hooks, Nate’s legacy lives on. For his fans who still want to hear more, in 2013, Seven Arts Music and United Media & Music Group will be releasing his final album.  Composed of all unreleased material, some of the features listed include Jay-ZEminemDr. DreSnoop Doggand Mary J. Blige. Expect it to drop sometime in the first half of the year.

[via All Hip Hop]