The Piano Man has surprised the entertainment and publishing industries by returning a substantial book advance and deciding against publishing his memoirs, the New York Post reported.
"The Book of Joel" was to be released by Harper Collins in June, CNN has confirmed. Yesterday, however, Joel announced the deal was off and the advance returned.
Joel has long struggled with alcoholism. In a February Rolling Stone interview, frequent touring partner Elton John chastised Joel for not getting clean.
Regarding the decision to shelve the book, Joel told CNN: "It took working on writing a book to make me realize that I'm not all that interested in talking about the past, and that the best expression of my life and its ups and downs has been and remains my music."
For 20 years, the privately funded Richard M. Nixon Presidential Library played down Nixon's role in the Watergate scandal that led to his 1974 resignation.
Two years ago, however, the museum came under the auspices of the U.S. National Archives, and on Thursday, a newly renovated wing of the Watergate Galley was opened.
According to USA Today, the $500,000 makeover includes elements such as the lock-picking tools used to burglarize the Democratic National Committee's offices. It also features the microphones Nixon had planted around the Oval Office and the audio proving Nixon's role in the cover-up.
According to Tim Naftali, the library's executive director: "The public deserves an objective, nonpartisan museum for their money."
The state worker who'd faithfully spent $2 weekly on his office lottery pool, yet passed on it the time his colleagues won the $319 million Mega Millions jackpot, told the New York Post on Thursday he had only one explanation for his bad luck: "I didn't have two singles."
The New York Times reported Friday that the man once deemed Warren Buffett's successor at Berkshire Hathaway resigned this week after disclosing that he'd purchased some $10 million in shares of Lubrizol just days before Berkshire acquired it.
Sokol, called one of Buffett's brightest utility players, approached Buffett in January suggesting that Berkshire buy the lubricant manufacturer, the Times reported. During the conversation, Sokol also mentioned that he owned the company's stock. After Berkshire's $9 billion purchase, Sokol made a $3 million profit.
In a statement, Buffett expressed his support for Sokol and insisted he did nothing unlawful. He added, however, that he assumed Sokol had owned Lubrizol stock for years, not days.
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Critics now wonder if Berkshire needs tighter controls. As Buffett himself wrote in a July 2010 memo to his managers: "We can afford to lose moneyâ€”even a lot of money. But we can't afford to lose reputationâ€”even a shred of reputation."