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Ted Turner honored by the rarefied founders of the America’s Cup

By David Pendered

Ted Turner is now formally honored by the blue-blazer crowd of the yachting world. The New York Yacht Club marked the 40th anniversary of Turner’s victory in the America’s Cup, in 1977, by awarding Turner the highest individual honor the club bestows.

This is a significant bow from a club with an autocratic reputation, one that took its time in even extending a membership offer to Turner. Evidently, back in the day, the club’s leadership had determined that Turner wasn’t a good fit in a private club founded in 1844 by a scion of one of the nation’s founders and led since by a host of mostly Northern bluebloods.

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Hero or villain of Plant Vogtle could be billionaire pioneer of high risk junk bonds

The hero or villain of the effort to save Plant Vogtle could prove to be the head of a private equity firm who pioneered junk bonds and was nearly scuttled in 1990. Georgia Power protested terms of the loan deal, but a New York judge provided some protection and last week ordered that the entire $800 million in loan funds should flow.

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