Wednesday, February 1, 2012

US Steel 4Q loss narrows, revenue rises 12 percent

(AP) ? U.S. Steel says its fourth-quarter loss narrowed, as strong demand for its pipes from the oil industry boosted its sales.

The company also says it expects first-quarter results to be improved from fourth-quarter levels.

U.S. Steel says it had a net loss of $226 million, or $1.57 per share, in the last three months of 2011, compared with a loss of $249 million, or $1.74 per share, in the same quarter in 2010.

Excluding charges including $51 million in losses tied to foreign currencies, the company says its adjusted loss is $164 million, or $1.14 per share. Analysts polled by FactSet expected a narrower loss of 85 cents per share.

Revenue is up 12 percent to $4.82 billion from $4.3 billion, while analysts expected $4.74 billion.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-01-31-Earns-US%20Steel/id-ce504bf2562248a6a18030fcd4febd25

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Tuesday, January 31, 2012

Romney helps bail out Pawlenty (Politico)

Mitt Romney, his family, staff and supporters donated a combined $66,000 to help Tim Pawlenty retire the debt left over from his presidential campaign.

Romney, his wife, five sons and brother, as well as his associates from Bain Capital were among those cutting maximum checks to Pawlenty, according to a POLITICO analysis of campaign filings released Tuesday.

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Pawlenty, the former Minnesota governor, dropped out of the race last summer after a disappointing showing in the Ames straw poll, and quickly endorsed Romney. At the time, there was talk that Romney?s campaign would help Pawlenty?s retire its debt, then in the mid-six figures.

While there?s no evidence that Romney, a former Massachusetts governor, has held any fundraisers or sent any fundraising solicitations for Pawlenty ? the traditional avenues for debt retirement help ? Pawlenty nonetheless managed to reduce his campaign debt from $435,000 at the end of September to a much more reasonable $103,000 at the end of the year. The largest debts listed were to an Urbandale, Iowa, compan, which was owed $37,500 for rent, and a Florida computer company, which was owed $23,000 for computer support and equipment.

Romney?s political director Richard Beeson, campaign manager Matthew Rhoades, assistant Jacqueline Rooney and staffer Virginia Simmons were among the campaign staff who spent on Pawlenty after he ended his campaign in September.

Spencer Zwick, a top Romney fundraiser who started a venture capital fund with Tagg Romney, gave the maximum $2,500 donation.

Robert White and Steven Barnes ? executives at Bain & Company and Bain Capital, the consulting and private equity firms Romney ran ? each gave maximum $2,500 donations.

Other major Romney donors who maxed out include Renee and Gary Morse, who own the Florida mega-retirement community The Villages, Florida shopping mall tycoon Mel Sembler, hotel magnate J.Willard Marriott Jr., two members of St. Louis?s wealthy Fox family, and pharmaceutical heir Robert Wood Johnson.

Source: http://us.rd.yahoo.com/dailynews/rss/politics/*http%3A//us.rd.yahoo.com/dailynews/external/politico_rss/rss_politico_mostpop/http___www_politico_com_news_stories0112_72221_html/44368112/SIG=11mq9vdbe/*http%3A//www.politico.com/news/stories/0112/72221.html

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Italian islanders worry about their future

Oil recovery experts aboard a dinghy approach the grounded cruise ship Costa Concordia off the Tuscan island of Giglio, Italy, Monday, Jan. 30, 2012. Residents of Giglio are growing increasingly worried about threats to the environment and the future of the Italian island as bad weather again forced suspension of the recovery operation of the capsized cruise ship Costa Concordia. (AP Photo/Pier Paolo Cito)

Oil recovery experts aboard a dinghy approach the grounded cruise ship Costa Concordia off the Tuscan island of Giglio, Italy, Monday, Jan. 30, 2012. Residents of Giglio are growing increasingly worried about threats to the environment and the future of the Italian island as bad weather again forced suspension of the recovery operation of the capsized cruise ship Costa Concordia. (AP Photo/Pier Paolo Cito)

An Italian Coast Guard dinghy sails around the grounded cruise ship Costa Concordia off the Tuscan island of Giglio, Italy, Sunday, Jan. 29, 2012. Rough seas off the Tuscan coast have delayed for a second day the start of operations to remove half a million gallons of fuel from the grounded Costa Concordia. Officials called off both the fuel removal and search operations Sunday after determining the ship had moved 4 centimeters (an inch and a half) over six hours. (AP Photo/Pier Paolo Cito)

Dutch oil recovery technicians take a break during works on the grounded cruise ship Costa Concordia off the Tuscan island of Giglio, Italy, Monday, Jan. 30, 2012. Residents of Giglio are growing increasingly worried about threats to the environment and the future of the Italian island as bad weather again forced suspension of the recovery operation of the capsized cruise ship Costa Concordia. (AP Photo/Pier Paolo Cito)

An anti oil floating barrier is pushed on the rocks by sea waves near the grounded cruise ship Costa Concordia off the Tuscan island of Giglio, Italy, Monday, Jan. 30, 2012. Residents of Giglio are growing increasingly worried about threats to the environment and the future of the Italian island as bad weather again forced suspension of the recovery operation of the capsized cruise ship Costa Concordia. (AP Photo/Pier Paolo Cito)

A skimmer boat collects waste around the grounded cruise ship Costa Concordia off the Tuscan island of Giglio, Italy, Monday, Jan. 30, 2012. Residents of Giglio are growing increasingly worried about threats to the environment and the future of the Italian island as bad weather again forced suspension of the recovery operation of the capsized cruise ship Costa Concordia. (AP Photo/Pier Paolo Cito)

(AP) ? Residents of the Italian island of Giglio were increasingly worried about threats to the environment and their prized tourism industry as bad weather on Monday delayed crews from pumping oil out of the stricken cruise ship on their shore.

Officials have ruled out finding anyone alive more than two weeks after the Costa Concordia hit a reef, and worries are now focusing on the impact the disaster could have on the environment, especially if fuel and chemical pollutants spill from the ship.

"Let's hope we are able to solve everything without pollution," said Giuseppe De Politi, a fisherman on Giglio, off the Tuscan coast. "That's the main worry."

Authorities set off another blast in an underwater compartment of the ship but held off on removing 500,000 gallons of fuel from the Costa Concordia because of rough seas.

Crews worked to collect tons of ship debris dispersed in the surrounding waters, which are prime fishing grounds and part of a protected area for dolphins and whales.

The search for the missing from the Jan. 13 disaster remained suspended. Seventeen bodies have been recovered, while 16 crew and passengers are listed as missing, with one body not yet identified.

Giglio residents were told over the weekend that it could take 10 months to remove the ship, and were holding an island-wide meeting Monday to discuss how to protect their interests.

"They say there is not going to be any environmental damage, but we are not stupid," said Riccardo Vicchianti, the son of a Giglio resident. "The damage to the environment is strong. If I think of just one cabin, it's like throwing a whole bar into the sea. That alone, I think, can pollute with just what it contains. Imagine a floating town!"

Franco Gabrielli, the head of the national civil protection agency and the official who has overseen the rescue effort, said authorities are now focusing on preventing environmental disaster.

The crash happened when the captain deviated from his planned route, creating a huge gash that capsized the ship. More than 4,200 people were on board.

Experts have said it would take a month to remove fuel from the 15 tanks accounting for more than 80 percent of all fuel on board the ship. The next job would be to target the engine room, which contains nearly 350 cubic meters of diesel, fuel and other lubricants.

Only once the fuel is removed can work begin on removing the ship, either floating it in one piece or cutting it up and towing it away as a wreck.

Gabrielli says the actual removal will take from seven to 10 months ? meaning that the wreck will be visible from the coast of the island of Giglio for the entire summer tourism season.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-01-30-EU-Italy-Ship-Aground/id-f45aaaf148ed45d0b64194df7bb83d35

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Monday, January 30, 2012

Cain endorses Gingrich (Politico)

WEST PALM BEACH, Fla. ? Herman Cain endorsed Newt Gingrich for president here on Saturday, injecting some energy into the campaign with two days to go until Florida?s primary.

The former presidential candidate and pizza executive called Gingrich the right person to address the ?crisis of leadership in the White House.?

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?I hereby officially and enthusiastically endorse Newt Gingrich for president of the United States,? Cain told the cheering crowd here. ?Speaker Gingrich is a patriot. Speaker Gingrich is not afraid of bold ideas,? he said.

?And I also know that Speaker Gingrich is running for president and going through this sausage-grinder ? I know what this sausage-grinder is all about. I know he is going through this sausage-grinder because he cares about the future of the United States of America.?

Gingrich thanked Cain and said he?d be a co-chair of a commission on ?jobs, economic growth and taxes? should Gingrich become president. He promised that ?this little thing? known as Cain?s 9-9-9 tax plan would be part of the national conversation.

?This is a real job creator who?s actually managed a company,? Gingrich said of Cain. ?He?s going to be a great asset.?

Cain?s endorsement may not provide a major bounce for the former speaker. But it could infuse some energy into a campaign that?s now trailing Mitt Romney in Florida polls after a lackluster debate performance and scathing attack ads against Gingrich by Romney and his super PAC.

Since abandoning his own bid for the Republican nomination ? dogged by allegations of misconduct with women dating back to his tenure at the helm of the National Restaurant Association ? Cain is still trying to influence the race.

On the day in December that he dropped out of the race, he announced the launch of a website to show ?the people are still in charge of this country? that would promote his tax plan and other issues he trumpeted during his presidential bid.

Cain had suggested that he would not endorse a presidential candidate, instead offering up an ?unconventional endorsement? of ?the people? who will decide the race.

At a keynote speech of the Southern Republican Leadership Conference, Cain said his endorsement was ?not a candidate seeking the nomination, not someone that?s running.?

?One of the comments that I got most often after I ended my quest for the position of president ? ?Mr. Cain, please keep 9-9-9 alive,?? he said. ?We will, with the 9-9-9 revolution.?

Most recently, Cain?s failed campaign bid became a cause for Comedy Central host Stephen Colbert, who explored a presidential bid as a way to lampoon the political process.

The two appeared at a Charleston, S.C. rally ? billed as the ?Rock Me Like a Herman Cain: South Cain-olina Primary Rally? ? together standing in front of a ?Vote Cain? banner, and Colbert called for the state?s voters to support Cain.

?Herman Cain is an outsider. In fact, he is such an outsider he?s not even running for president anymore,? Colbert said.

While Cain is determined to play a role in the political process, he?s also a favorite media pundit, appearing on all the major cable networks and giving interviews to a number of print publications.

He will also return to WSB Radio, where he hosted a radio show for five years before leaving to run for president. Cain, according to the network, will provide commentary and political analysis weekdays, and appear as a guest on conservative Neil Boortz?s show.

He will also be an analyst for the station?s coverage of the Republican presidential primary.

Source: http://us.rd.yahoo.com/dailynews/rss/politics/*http%3A//us.rd.yahoo.com/dailynews/external/politico_rss/rss_politico_mostpop/http___www_politico_com_news_stories0112_72113_html/44342264/SIG=11mqn5tmd/*http%3A//www.politico.com/news/stories/0112/72113.html

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Sunday, January 29, 2012

Sudans, Somalia top issues at African Union summit (AP)

ADDIS ABABA, Ethiopia ? Oil negotiations between Sudan and South Sudan and war and hunger in Somalia are expected to dominate discussion at a summit of African leaders in Ethiopia's capital.

The African Union said Sunday the summit's official theme is trade. But increasingly tense relations between Sudan and South Sudan will likely dominate sideline talks among the 54-member bloc. South Sudan has stopped oil production over the impasse. China said Sunday that Chinese workers were seized in a volatile border region of Sudan.

The leaders will also elect a new chair of the A.U. commission, a position held by Gabon's Jean Ping. Ping will run for a second term but will face South African minister Nkosazana Dlamini Zuma.

The AU is holding the summit for the first time at its new $200 million headquarters, paid for by China.

Source: http://us.rd.yahoo.com/dailynews/rss/africa/*http%3A//news.yahoo.com/s/ap/20120129/ap_on_re_af/af_african_union

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911 call reveals frantic efforts to help Moore

Demi Moore arrives at Variety's 3rd Annual Power of Women Luncheon in Beverly Hills, Calif., in this Sept. 23, 2011 photo. A 911 recording released Friday Jan. 27, 2012 by Los Angeles fire officials revealed frantic efforts by friends of Demi Moore to get help for the actress who was convulsing as they gathered around her and tried to comfort her. Moore was "semi-conscious, barely," according to a female caller on the recording. (AP Photo/Matt Sayles)

Demi Moore arrives at Variety's 3rd Annual Power of Women Luncheon in Beverly Hills, Calif., in this Sept. 23, 2011 photo. A 911 recording released Friday Jan. 27, 2012 by Los Angeles fire officials revealed frantic efforts by friends of Demi Moore to get help for the actress who was convulsing as they gathered around her and tried to comfort her. Moore was "semi-conscious, barely," according to a female caller on the recording. (AP Photo/Matt Sayles)

(AP) ? A 911 recording revealed frantic efforts by friends of Demi Moore to get help for the actress who was convulsing as they gathered around her and tried to comfort her.

Moore was "semi-conscious, barely," according to a female caller on the recording released Friday by Los Angeles fire officials.

The woman tells emergency operators that Moore, 49, had smoked something before she was rushed to the hospital on Monday night and that she had been "having issues lately."

"Is she breathing normal?" the operator asks.

"No, not so normal. More kind of shaking, convulsing, burning up," the friend says as she hurries to Moore's side, on the edge of panic.

Another woman is next to Moore as the dispatcher asks if she's responsive.

"Demi, can you hear me?" she asks. "Yes, she's squeezing hands. ... She can't speak."

When the operator asks what Moore ingested or smoked, the friend replies, but the answer was redacted.

Asked if Moore took the substance intentionally or not, the woman says Moore ingested it on purpose but the reaction was accidental.

"Whatever she took, make sure you have it out for the paramedics," the operator says.

The operator asks the friend if this has happened before.

"I don't know," she says. "There's been some stuff recently that we're all just finding out."

Moore's publicist, Carrie Gordon, said previously that the actress sought professional help to treat her exhaustion and improve her health. She would not comment further on the emergency call or provide details about the nature or location of Moore's treatment.

The past few months have been rocky for Moore.

She released a statement in November announcing she had decided to end her marriage to fellow actor Ashton Kutcher, 33, following news of alleged infidelity. The two were known to publicly share their affection for one another via Twitter.

Moore still has a Twitter account under the name mrskutcher but has not posted any messages since Jan. 7.

Meanwhile, Millennium Films announced Friday that Sarah Jessica Parker will replace Moore in the role of feminist Gloria Steinem in its production of "Lovelace," a biopic about the late porn star Linda Lovelace. A statement gave no reason for the change. The production, starring Amanda Seyfried, has been shooting in Los Angeles since Dec. 20.

During the call, the woman caller says the group of friends had turned Moore's head to the side and was holding her down. The dispatcher tells her not to hold her down but to wipe her mouth and nose and watch her closely until paramedics arrive.

"Make sure that we keep an airway open," the dispatcher says. "Even if she passes out completely, that's OK. Stay right with her."

The phone is passed around by four people, including a woman who gives directions to the gate and another who recounts details about what Moore smoked or ingested. Finally, the phone is given to a man named James, so one of the women can hold Moore's head.

There was some confusion at the beginning of the call. The emergency response was delayed by nearly two minutes as Los Angeles and Beverly Hills dispatchers sorted out which city had jurisdiction over the street where Moore lives.

As the call is transferred to Beverly Hills, the frantic woman at Moore's house raises her voice and said, "Why is an ambulance not on its way right now?"

"Ma'am, instead of arguing with me why an ambulance is not on the way, can you spell (the street name) for me?" the Beverly Hills dispatcher says.

Although the estate is located in the 90210 ZIP code above Benedict Canyon, the response was eventually handled by the Los Angeles Fire Department.

By the end of the call, Moore has improved.

"She seems to have calmed down now. She's speaking," the male caller told the operator.

Moore and Kutcher were wed in September 2005.

Kutcher became a stepfather to Moore's three daughters ? Rumer, Scout and Tallulah Belle ? from her 13-year marriage to actor Bruce Willis. Moore and Willis divorced in 2000 but remained friendly.

Moore can be seen on screen in the recent films "Margin Call" and "Another Happy Day." Kutcher replaced Charlie Sheen on TV's "Two and a Half Men" and is part of the ensemble film "New Year's Eve."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2012-01-28-People-Demi%20Moore/id-f8df779117d14f14be66bbb28d422eaa

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Saturday, January 28, 2012

Karen Dalton-Beninato: Brad Pitt and the Business of Making it Right (PHOTOS)

"Blogger Karen Dalton-Beninato sent me this beautiful picture of the project Brad Pitt is working on..."

Five years ago, Arianna Huffington posted my husband's photo of pink tents in a planned green community in New Orleans. That was two years post Hurricane Katrina levee failures, and it often felt like New Orleans was stuck in neutral.

It was 2007 and the 9th Ward still looked like an overgrown prairie strewn with concrete slabs, all that was left of most houses near the Industrial Canal. Residents were coming back to FEMA trailers, if they could get one, and gutted out homes. In the years since then, Make It Right NOLA has assembled a living study in sustainable architecture for returning residents.

"After Hurricane Katrina, many people said the Lower 9th Ward could not be rebuilt, but the spirit of the Lower Ninth and its residents is vibrant and resilient," Brad Pitt recently said through his Foundation. "Today, the neighborhood is growing and alive with new homes, playgrounds, gardens and block parties. With the help of generous partners like Hyatt, Make It Right will fulfill our goal of building 150 sustainable homes for those in this community who lost everything in the storm." Pitt is hosting a March 10th MIR benefit at the newly reopened Hyatt Regency in New Orleans, and the Hyatt is underwriting the cost of the event so proceeds go to rebuilding. Pitt also took to Google + to announce the event.

Why the focus on New Orleans, and Pitt and Jolie's move to the French Quarter? Robert Kinney described it as well as anyone in his 1941 guidebook, The Bachelor in New Orleans: "New Orleans is the lotus land, to which all travelers return - once visited, it haunts you, calling your blood always."

"I'm from New Orleans, I love New Orleans and I love that Make It Right continues to help the people there rebuild their beautiful city," event co-chair Ellen DeGeneres said of the project. "Brad Pitt is amazing - not only for what he started, but also because, who else can make a hard hat look like a jaunty fall fashion accessory?"

DeGeneres will be joining my friend Mac Rebennack a/k/a Dr. John, and other NOLA natives Wendell Pierce, the Neville Brothers and Mayor Mitch Landrieu at the benefit. And they will be joined by Seal, Rihanna, Sheryl Crow, Randy Jackson, Josh Brolin, Chris Paul, Djimon Hounsou, Spike Lee, Blake Lively, Sean Penn, and Kevin Spacey, with dinner prepared by chefs John Besh, Giada DeLaurentiis and Emeril Lagasse. Aziz Ansari of Parks and Recreation is hosting the after-party. With all the celebrities expected, it would probably be shorter to list who's not coming.

The event will sprint the project to its final goal of 150 platinum LEED certified homes in its 16-block neighborhood, and eventually help Make it Right move into helping Pitt's home territory of Joplin, Missouri with what they've learned from rebuilding green in New Orleans.

Steve Ragan is MIR's Development Director, and he walked us through the neighborhood's homes. We started out at the one that was built to float, designed by Tom Mayne of Morphosis Architects. Modular construction was assembled at UCLA, shipped to New Orleans and reassembled as the first home in the United States permitted for a floating foundation. All the connections to utilities are flexible tubing and piping, and if the home did begin to float they would be safely cut leaving its two masts to support it, Ragan explained. "It's probably our most cutting edge design. If we opened our program up to young hipsters, it would have sold quickly." The home eventually sold to an older man who needed a smaller space than the multi-generational homes occupied by many of his neighborhood.

"The most important thing is the immediate good for people who live here," Ragan says. "Second most important is advancing construction of energy efficient homes. Third, if you can imagine, is having the final neighborhood of 150 homes designed by 21 of the greatest architects in the world. In 20 years the people who will be touring the homes hopefully won't be thinking of them as advanced technology any more, but because they're architecturally significant."

Landscaping is largely made up of indigenous plants that help soak up water. Make it Right has patented a permeable concrete with 100 percent drainage throughout the development, and Ragan pours his coffee onto the surface to show us how quickly it disappears. That drainage also helped along with gray water collected beneath the homes. One of MIR's contractor was at a funeral and thought of using concrete crypts under the residents' homes to collect gray water. It's the right size, half the cost of building a container and feels appropriate in a city where dancing at funerals is not out of the norm.

Homes are built at least 4 feet off the ground, but MIR encourages residents to go higher. Residents have skin in the game, typically paying $75,000 with the rest of the $150,000 subsidized with a forgivable mortgage. With solar panels, Energy Star appliances and every possible new green technology on hand, only two homes in the development regularly use more energy than they produce, and those are multi-generational.

"If we had not focused on one area, we would have been able to build faster but people would have been pioneers sitting on their own," Ragan said. He's seen the crawfish boils, family reunions and arrivals of other developers as the area came to life. The 9th Ward was at 80 percent home ownership before Katrina, families who had lived there before the Industrial Canal was built and passed their homes down through generations. Some former residents are now back home, with green rooftop decks offering a view across the river.

"Homeowners choose their home as long as it's something that through our assistance they can afford. They're treated with the same respect, able to make the same decisions about design as a private developer would," Ragan said. "You can see some differences between first of the homes and later. We've managed as we've gone along with every iteration of homes to increase energy efficiency and lower costs. It's great when you can get an academic architect to take pause and say, 'how did you do that?"

It's something to see, and the visitors are coming in ever-increasing numbers. "I counted tour buses one day, and we were at 48," Ragan said. That number will only grow, with the Hollywood of the South bringing even more tourists to New Orleans. The Pugh Scarpa home we walked through had far more natural light than you would expect from the exterior view. Window direction adds to passive heating and cooling technologies, much like early Creole homes in the French Quarter. In the morning, the home is flooded with light. But by afternoon, the side with fewer windows, all hurricane resistant, cools the home down. Wireless lighting systems save on wiring costs, and directed vents at the top of the wall where hot air rises help cool the house faster. The architects are clearly familiar with Louisiana summers. Floors are reclaimed pine, and all the paint in the home is VOC-free. "We haven't had hard data, but anecdotally children who suffer from asthma have fewer problems once they move in." Architects meet with stakeholders early on, and the project has focused on residents who had lived in the Lower 9th Ward. One of the main design alterations requested has been larger porch and terrace areas for neighborhood socializing.

"I just love to come out here on a Saturday," Ragan said. "You've got construction crews working, you've got homeowners socializing, this neighborhood has come back to life. Architects talk about how architecture engages people. Tourists come outside, and a homeowner will come out and start explaining the home to them. Then another will come out and say, let me tell you about mine."
Plantings and mulch are available to community members. And the Make it Right playground, made of recycled materials, has wi-fi installed so children can compete with children in a playground on the other side of the world with the same system installed. Bayou Bienvenue backs up to the development, but its original cypress trees were killed off years ago as canals brought saltwater intrusion from the Gulf to the city. An older man walks up and reminisces about the years when the bayou was fresh water and the cypress trees grew. He talks about trapping and walking through the bayou, pointing to the stumps that now exist.

We meet Robert Green, a Make it Right resident and its unofficial ambassador. "I've been fortunate enough to be here when most people come by," he said. Green asked for the Waiting for Godot sign from the 9th Ward production starring Pierce, so the front of his house greets visitors with words by Samuel Beckett. Green often takes people into his home to show them construction, which he's proud of. His was the second lot in the program, and he bought the adjacent lot through the city's Lot Next Door program. He's considered putting in a gazebo.

Green was sent back from the Superdome when they couldn't offer adequate help to his mother who had Parkinson's Disease. So the family returned home, and the next day the water started rising. Green saved two of his granddaughters, but he lost his mother and granddaughter in the floodwaters that came through the broken levee on August 29, 2005. A marker for each rests in front of his home, under his Waiting for Godot sign.

A country road. A tree. Evening.

Details on A Night to Make It Right are available at: nighttomakeitright.com

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Source: http://www.huffingtonpost.com/karen-daltonbeninato/brad-pitt-and-the-busines_b_1239228.html

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