These are the rules to which all NBA owners agreed to as a condition of owning their team." "It doesn't matter whether the owners are related as is the case here. "Under the NBA Constitution, if a controlling owner's interest is terminated by a 3/4 vote, all other team owners' interests are automatically terminated as well," NBA spokesman Mike Bass said. "But I don't know why I should be punished for what his actions were."Īn NBA spokesman said this evening that league rules would not allow her tol hold on to her share. And - well, I guess whatever their decision is - we have to live with it," she said. Stivianoīeing estranged from her husband, Shelly Sterling said she would "have to accept" whatever punishment the NBA handed down to him, but that her stake in the team should be separate. Read: Barbara Walters' Exclusive Interview With V. These comments come nearly two weeks after NBA Commissioner Adam Silver announced a lifetime ban and a $2.5 million fine for Donald Sterling on April 29, following racist comments from the 80-year-old, which were caught on tape and released to the media. "I've been with the team for 33 years, through the good times and the bad times," she added. Sterling added that the Clippers franchise is her "passion" and "legacy to my family." "To be honest with you, I'm wondering if a wife of one of the owners, and there's 30 owners, did something like that, said those racial slurs, would they oust the husband? Or would they leave the husband in?" "I will fight that decision," she told ABC News' Barbara Walters today in an exclusive interview. ||||| Shelly Sterling said today that "eventually, I am going to" divorce her estranged husband, Donald Sterling, and if the NBA tries to force her to sell her half of the Los Angeles Clippers, she would "absolutely" fight to keep her stake in the team. Sterling also said that she "eventually" will divorce her husband, and that she hadn't yet done so due to financial considerations. Silver added that no decisions had been made about the rest of Sterling's family.Īccording to ABC's story, Shelly Sterling told Walters: "I will fight that decision." NBA Commissioner Adam Silver has banned Donald Sterling for making racist comments and urged owners to force Sterling to sell the team. Shelly Sterling spoke to Barbara Walters, and ABC News posted a short story with excerpts from the conversation Sunday. Los Angeles Clippers co-owner Shelly Sterling, below, watches the Clippers play the Oklahoma City Thunder along with her attorney, Pierce O'Donnell, in the first half of Game 3 of the Western Conference. (Click Prev or Next to continue viewing images.)ĪDVERTISEMENT (Click Prev or Next to continue viewing images.) LOS ANGELES (AP) - In her first interview since the NBA banned her estranged husband, Shelly Sterling says she will fight to keep her share of the Los Angeles Clippers and plans one day to divorce Donald Sterling. But Federal Reserve Chairman Ben Bernanke has cautioned that the current hiring pace is unlikely to continue without more consumer spending. The economy has added 858,000 jobs since December _ the best four months of hiring in two years. The official unemployment tally only includes those seeking work.
The rate dropped because fewer people searched for jobs. The unemployment rate fell to 8.2 percent, the lowest since January 2009. The Labor Department says the economy added 120,000 jobs in March, down from more than 200,000 in each of the previous three months. The unemployment rate dipped, but mostly because more Americans stopped looking for work. economy may not be growing fast enough to sustain robust job growth. ||||| Employers pulled back sharply on hiring last month, a reminder that the U.S. And while you’re here, why don’t you sign up to follow us on Twitter.Įnjoy the show.
GERMAN SPACE PIONEER HEINRICH PAETZ FREE
Feel free to weigh-in yourself, via the comments section. Here at MarketBeat HQ, we’ll be offering color commentary before and after the data crosses the wires. The unemployment rate is expected to hold steady at 8.3%. Expectations are for 203,000 new jobs to be created, according to economists polled by Dow Jones Newswires, compared to 227,000 jobs added in February. New York time offering one of the most important snapshots on how the economy fared during the previous month. employment situation for January hits the wires at 8:30 a.m.
GERMAN SPACE PIONEER HEINRICH PAETZ UPDATE
It’s the first Friday of the month, when for one ever-so-brief moment the interests of Wall Street, Washington and Main Street are all aligned on one thing: Jobs.Ī fresh update on the U.S.