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Billionaire banker, philanthropist David Rockefeller dies at 101
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Billionaire banker, philanthropist David Rockefeller dies at 101

Photo Credit: Brendan Smialowski/Getty Images
WASHINGTON, DC - NOVEMBER 12: David Rockefeller makes remarks before presenting U.S. Secretary of State Colin Powell with the Marshall Award during a ceremony at the National Building Museum November 12, 2003 in Washington, DC. (Photo by Brendan Smialowski/Getty Images)

Billionaire banker, philanthropist David Rockefeller dies at 101

American banker, philanthropist and Rockefeller family patriarch David Rockefeller has died. He was 101.

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A family spokesman confirmed the death in a statement obtained by Bloomberg News. He died of congestive heart failure in his sleep at his home in Pocantico Hills, New York, spokesman Fraser P. Seitel said.

Rockefeller was a celebrated philanthropist who earned a Presidential Medal of Freedom in 1998. Over the course of his lifetime, the former chairman and chief executive of the Chase Manhattan Corp. gave away nearly $2 billion, according to Reuters. To mark his 100th birthday in 2015, Rockefeller gave 1,000 acres of land to the state of Maine, The Associated Press reported.

He was the grandson of oil magnate John D. Rockefeller, one of the founders of the Standard Oil Co., and the son of John D. Rockefeller Jr., developer of New York’s famed Rockefeller Center.

He was also the guardian of his family's fortune and head of a sprawling network of family interests, both business and philanthropic, that ranged from environmental conservation to the arts.

Rockefeller was named president of Chase Manhattan in 1961. He was named chairman and CEO of the bank in 1969.

He retired in 1981 at age 65.

In his role of business statesman, Rockefeller preached capitalism at home and favored assisting economies abroad on grounds that bringing prosperity to the Third World would create customers for American products.

Rockefeller and his wife, the former Margaret McGrath, were married in 1940 and had six children - David Jr., Richard, Abby, Neva, Margaret and Eileen. His wife, an active conservationist, died in 1996.

The Associated Press contributed to this report.

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Georgia Sports News

  • GREENSBORO, Ga. — Greetings from the Ritz-Carlton Lodge on Lake Oconee, my home away from home. That’s a joke. The only time I ever get to enjoy this posh resort an hour south of Athens is every other year when the University of Georgia Athletic Association board of the directors holds its end-of-year meeting here. That’s happening over the next two days. There’s a meeting of the executive committee this morning, followed by a meeting of the full board until lunch.  The group will adjourn for golf and personal time on the expansive resort, which includes a full spa and golf course, then reconvene Friday morning to conduct more business. Among the items expected to be discussed at this year’s meeting: The approval of a record $143 million budget; An update on several construction projects, including the $63 million west end zone addition at Sanford Stadium and the new men’s and women’s golf headquarters; An update on fundraising to pay for recent projects, including the $30 million indoor athletic facility, thought to be in the range of $90 million; A proposal to build a new $18 million six-court, indoor tennis facility in the South Campus area where the current Lindsey Hopkins four-court facility exists; Election and reappointment of board members and proposal to amend board bylaws; A new student ticket distribution plan; An academic report, which will include details about UGA’s recent recognition by the NCAA for scoring in the top 10 percent of all teams across the country in each sport. As always, there will likely be some unexpected developments. We’ll be here to provide updates the next two days. The post UGA athletic board expected to approve record budget, more construction projects appeared first on DawgNation.
  • PHILADELPHIA (AP) - Jake Arrieta aced up. Arrieta struck out seven in 6 2/3 sharp innings, Carlos Santana's swinging-bunt broke a scoreless tie and the Philadelphia Phillies beat the Atlanta Braves 4-0 on Wednesday night. The Phillies took two of three to win their first series against the NL East-leading Braves in four tries and closed within a half-game of first place. Arrieta (4-2) allowed seven hits and lowered his ERA to 2.45. The 2015 NL Cy Young Award winner showed exactly why the Phillies are paying him $30 million this season. 'The reason we got him is because he can go through one of the best lineups in the league three times,' Phillies manager Gabe Kapler said. 'Never once did we feel he wasn't in control.' Even though it's only May, Kapler called it a 'big game' hours before first pitch. 'It felt a lot different,' he said. Seranthony Dominguez retired the four batters he faced after entering with runners on second and third in the seventh. Hector Neris pitched the ninth to complete the eight-hitter. Braves starter Luiz Gohara (0-1) gave up two runs and four hits in four innings in his first start of the season. 'They didn't hit him hard,' Braves manager Brian Snitker said. 'Overall, he was good.' Gohara retired the first two batters in the third before Rhys Hoskins walked, Odubel Herrera reached on an infield single and Aaron Altherr walked to load the bases. Santana beat out a slow roller to third to give the Phillies a 1-0 lead. That's all Arrieta and the bullpen needed. 'It's shaping up to be a good division and we have to play good ball,' Arrieta said. Arrieta escaped a jam in the second after the Braves put runners on second and third with no outs. Ender Inciarte led off with a single and Johan Camargo hit a double. But Dansby Swanson grounded out to third, Gohara struck out and Ozzie Albies bounced to first. 'That's just a situation that determines that outcome of the game for me,' Arrieta said. 'It's an opportunity to preserve the game and I was able to get past that.' Cesar Hernandez had an RBI single in the fourth, Maikel Franco had an RBI double in the fifth and pinch-hitter Nick Williams had an RBI double in the eighth. GOOSE EGGS The Phillies had two shutouts in the series, holding Atlanta to three total runs, only one of which was earned. Since 1913, it was just the eighth time Philadelphia recorded at least two shutouts and allowed one or no earned runs in a series of any length, and just the second time since 1966. The other was at Los Angeles on June 9-11, 1995. Four of the team's six shutouts this season have been against division opponents. DIVISION RIVALS The Braves are 7-5 vs. the Phillies this season, but the teams won't play again until they meet seven times in September during the final two weeks. TRAINER'S ROOM Phillies: RHP Jerad Eickhoff will have tests on Thursday in Philadelphia before visiting a Thoracic Outlet Syndrome specialist in St. Louis about the twinges he felt in his fingers during a rehab start on Sunday with Triple-A Lehigh Valley. UP NEXT Braves: LHP Sean Newcomb (5-1, 1.29 ERA) starts the opener of a three-game interleague series at Boston. It'll be his first appearance against the Red Sox. Phillies: RHP Zach Eflin (1-0, 1.56 ERA) starts the opener of a three-game interleague series Friday night against Toronto. Eflin allowed eight earned runs in 2 2/3 innings in his major league debut vs. the Blue Jays in 2016. ___ More AP baseball: https://apnews.com/tag/MLBbaseball
  • NFL owners adopted a new policy Wednesday aimed at ending – or at least concealing from public view – player protests during the national anthem before games.  The policy, approved by the owners at the league’s spring meetings in Atlanta, will require players who are on the field to “stand and show respect for the flag and the anthem.” However, the policy will provide the option for players who choose not to stand to remain “in the locker room or a similar location off the field” until after the anthem is performed.  The owners’ action came after much controversy the past two years over some players kneeling during the anthem.  Under the policy adopted Wednesday, teams will be fined by the league if any of their players or other personnel are on the field and do not show respect for the anthem.  In turn, it will be up to individual teams whether to fine or otherwise punish their players for violations of the policy. » More: Read the new policy NFL commissioner Roger Goodell was flanked by four owners when he announced the measure in a Buckhead hotel ballroom. The announcement followed several hours of discussion by the owners about the issue during their two-day meetings here.  “Clearly our objective as a league … is that we want people to be respectful of the national anthem,” Goodell said. “We want people to stand – that’s all personnel – and make sure they treat this moment in a respectful fashion. That’s something we think we owe.  “We were very sensitive to making sure we give players choices, but we do believe that moment is an important moment.” Players previously were required to be on the field for the anthem.  The owners hope their action will take attention off the controversy and return the focus to the games.  “I think it has been a good discussion internally coming up with this policy,” Arizona Cardinals owner Michael Bidwell said. “(We) look forward to getting the focus back on football, getting back to football in 2018.”  That may be wishful thinking to some degree, judging from the immediate reaction of the NFL Players Association.  The NFLPA said in a written statement that the league “chose to not consult the union in the development of this new ‘policy.’” The union said it will “challenge any aspect of it that is inconsistent with the collective bargaining agreement.”  “NFL players have shown their patriotism through their social activism, their community service, in support of our military and law enforcement and, yes, through their protests to raise awareness about the issues they care about,” the union’s statement said.  The union also said the policy “contradicts the statements made to our player leadership” by Goodell and NFL Management Council chairman John Mara “about the principles, values and patriotism of our league.” Asked what he would say to the union about its statement, Goodell said:  “Anything I have to say to the union, I’ll say to them directly.” Pittsburgh Steelers owner Art Rooney II said the policy considered a wide range of perspectives. “Obviously, we want to continue to work with our players and make sure that they feel their point of view has been respected,” Rooney said. “Those who are not comfortable standing for the anthem have the right to stay off the field, so we’re not forcing anybody to stand who doesn’t feel that’s within the way they feel about particular subjects.  “I think that we listened to a lot of different viewpoints, including our fans, over the past year.”  Falcons owner Arthur Blank wasn’t available for comment after the owners’ vote – he was traveling to New York for a Wednesday night event -- but in an interview with The Atlanta Journal-Constitution on Tuesday, he expressed support for a measure such as the one adopted.  Blank has backed the players, but he nonetheless said Tuesday he thinks they should stand for the anthem and accurately predicted the NFL would adopt a policy reflecting that. In a written statement that preceded his news conference Wednesday, Goodell said: “It was unfortunate that on-field protests created a false perception among many that thousands of NFL players were unpatriotic. This is not and was never the case.” The national-anthem issue first arose for the NFL in the 2016 season, starting as a protest by former San Francisco 49ers quarterback Colin Kaepernick against police brutality and racial injustice. The protests grew around the league last season. Goodell said the new policy was approved unanimously by the owners, but 49ers owner Jed York told reporters he abstained from the vote.  Other actions taken by the owners on the final day of their meetings Wednesday included awarding the 2023 Super Bowl to Glendale, Ariz., the 2024 Super Bowl to New Orleans and the 2019 NFL draft to Nashville.