Ben PineMeteorologist
Monty WebbChief Meteorologist
Kristin WallsMeteorologist
Reed YadonMeteorologist
Chance of T-storms
SKY WATCHSunrise: 6:40 a.m.Sunset: 8:39 p.m.Moonrise: 10:51 p.m.Moonset: 7:46 a.m.
OHIO RIVERReadings taken at or forecast for 7 a.m. (in feet)
Flood Yester- Tomor- NextLocation stage day Today row day
Cincinnati 52 37.6 40.2 40.0 38.2
Markland 51 31.0 33.9 35.3 34.8
Louisville (U) 23 12.0 12.5 14.2 15.8
Louisville (L) 55 31.5 24.0 37.5 39.1
Cannelton (L) 42 24.2 26.5 29.4 31.7
Newburgh 38 26.8 28.1 30.6 33.9
Evansville 42 23.6 24.5 26.4 29.0
Myers 37 24.9 26.0 27.1 28.7Key: (L) =Lower gauge, (U) = Upper gauge
StormyMonday
Look for anotherwarm and muggy startto the morning. A coldfront will bring thechance for strong tosevere storms thisafternoon throughtonight. Main threatswill include damagingwinds, large hail andheavy rain. A fewshowers will lingersouth and east Tuesdaymorning before clear-ing things out by theafternoon. Coolertemps settle in Tuesdaythrough Friday in thelow to mid 70s.
76 | 57
POLLEN COUNTAbsent Low Mod. High
Trees !Grasses !Weeds !Molds !Sources: Family Allergy andAsthma, www.familyallergy.com
AIR QUALITYPollutant: Particles
Good Mod. UnhealthyToday !Yesterday !For today’s reading, call 574-3319or online at www.airnow.gov/index.cfm?action=airnow.showlocal&cityid=131
ALMANACTEMPERATURE
High LowYesterday 86 68Normals 75 54Year Ago 71 50Records 94 33
1949 1898
PRECIPITATIONRain InchesYesterday 0.00Month-to-date 1.58
Normal (month) 1.05
Year-to-date 17.03
Normal (year) 15.65
Today
Tonight
65 30% Chanceof T-storms
20% PartlyCloudy
Mostly Sunny Partly Sunny
Indianapolis81 | 63
Evansville88 | 64
Paoli82 | 57
Salem88 | 59
Mount Vernon81 | 57
Bowling Green86 | 63
Nashville88 | 64
Columbia84 | 64
Hopkinsville84 | 64
Elizabethtown84 | 63
Owensboro81 | 64
LOUISVILLE85 | 65
London88 | 61
Hazard82 | 63
Morehead82 | 64
KENTUCKY
INDIANA OHIO
W.VA.
V IRGIN IA
ILLINOIS
TENNESSEE
Cincinnati82 | 59
Lexington84 | 66
Frankfort84 | 61
Paducah86 | 63
Columbus84 | 64
Ashland86 | 61
Charleston84 | 64
REGIONAL Today’s weather in the regionwith high and low temperatures.
Last Quarter:May 12
New Moon:May 20
First Quarter:May 28
Full Moon:June 4
MostlySunny
Write to WHAS11 First AlertStormTeam, P.O. Box 1100,Louisville, KY 40201, [email protected],or call the First AlertStormTeam Weather Lineat (502)-585-1212.
30% Chanceof Showers
78 | 6073 | 50 70 | 48 74 | 52 76 | 56
ILL.
TENN.
OHIOIND.
KY.Louisville
Cleveland63 | 50
Chicago63 | 50
Memphis88 | 68 Knoxville
82 | 63
St. Louis75 | 59
Dayton86 | 61
Today’sNormalTemps
High: 75Avg.: 65Low: 54
U. S. FORECAST
85Strong to severestorms possible
Chance for severestorms early
Go to courier-journal.com/mobile andenter a citynameor Zip codefor currentconditionsand forecast.
-10s 100s-0s 0s 10s 20s 30s 40s 50s 60s 70s 80s 90s 110s
IceSnowFlurriesT-stormsRainShowers
Fronts PressureCold Warm Stationary Low High
Tomorrow Wednesday Thursday SundayFriday Saturday
LOCAL 7-DAY FORECAST
Get weatheron your cell
B2 | MONDAY, MAY 7, 2012 | THE COURIER-JOURNAL WEATHER & METRO | courier-journal.com KY
Amsterdam 52 43Athens 78 53Auckland 64 44Baghdad 98 78Basra 105 80Barbados 82 72Barcelona 74 54Beijing 86 55Beirut 78 59Belgrade 78 53Berlin 57 44Bermuda 73 66Bogota 64 52Brisbane 77 55Brussels 49 44Budapest 77 44Buenos Aires 70 58
Cairo 96 72Calgary 42 32Caracas 89 77Copenhagen 54 40Dhahran 102 78Dublin 46 32Frankfurt 59 51Geneva 67 50Guatemala 78 64Hanoi 91 75Havana 86 66Helsinki 53 40Hong Kong 84 77Istanbul 72 54Jerusalem 87 58Johannesburg 79 63Kabul 78 50
Panama 87 76Paris 59 48Rio de Janeiro 78 69Rome 69 50San Jose 80 66San Juan 84 74San Salvador 82 71Santiago 76 45Sao Paulo 74 60Seoul 75 51Singapore 88 71Stockholm 57 41Sydney 66 52Taipei 78 68Tehran 80 62Tokyo 77 57Toronto 54 48
Kiev 80 57Kuwait 101 84La Paz 59 28Lima 77 65Lisbon 66 51London 50 42Madrid 61 47Managua 96 75Manila 93 77Melbourne 54 43Mexico City 82 59Montreal 61 41Moscow 73 42Nairobi 77 59Nassau 84 69New Delhi 102 78Osaka 75 51
U.S. Previous day’s high and overnight low to 8 p.m.;Sources: AP, WHAS11. CL=Clear; CY=Cloudy; RN=Rain; SN=Snow
WORLD CITIES Temperatures were compiled yesterday for theprevious day’s weather.
City Today Tomorrow City Today Tomorrow
Yesterday’s extremes in the contiguous United States: 101 at Laredo, Texas; 16 atStanley, Idaho
In a city where the richand influential like to seetheir names emblazoned onuniversity buildings andmuseum wings, FrankPearl so craved anonymitythat he was regarded as themost powerful unknownman in Washington.
Pearl, who died of can-cer May 4 at age 68, was anindefatigable real estatelawyer who helped launchthe leveraged buyout boomof the 1980s. He helpedmastermind one of the firstmonumental leveragedbuyouts, using almost en-tirely borrowed money toturn an $80 million invest-ment in a greeting cardcompany into a $290 mil-lion public offering.
The deal “was the lightbulb that went off with ev-eryone on Wall Street,” saidBryan Burrough, whosebook “Barbarians at theGate” chronicled that free-wheeling era of high fi-nance. “It was enormouslyinfluential because itshowed the incredible po-tential profitability in le-veraged buyouts, not justdoubling or tripling yourmoney but increasing yourmoney by 500 percent.”
As he became one ofWashington’s most suc-cessful financiers, Pearlled private equity funds fo-cused on health care, engi-neering technology and,perhaps most enduringly,book publishing.
He was a key architectof one of the most ambi-tious publishing enter-prises of the1990s. His Per-seus Books Group con-glomerate included pub-lishing houses such asPublicAffairs — a jugger-naut on current affairs, pol-itics, history and biogra-phy — and is now one of thecountry’s largest indepen-
dent book distributors.Under Pearl’s guidance,
Perseus accumulated a listof celebrated authors, in-cluding Henry Louis GatesJr., Cornel West, OrlandoPatterson, Evan Connell,Gina Berriault and the lateIris Chang. Chang’s nonfic-tion volume “The Rape ofNanking,” about Japaneseatrocities in China duringWorld War II, was pub-lished by the Perseus im-print BasicBooks in 1997and became a critical suc-cess and international be-stseller.
Pearl invested in thepublishing industry at ableak moment for thetrade, when most pressessought to keep readers bychurning out low-browcrowd-pleasers.
Pearl had money to burnand expressed a willing-ness to set the fire himself.
In a rare interview, he toldThe Washington Post hismission was to ensure that“publishing doesn’t simplybecome a lowest-common-denominator commercialoperation. It’s of crucialimportance to the intellec-tual landscape in this coun-try that important booksget published and stay inprint.”
Pearl was an omnivo-rous aesthete whose tastesencompassed the classicalBritish composer RalphVaughan Williams and theMississippi bluesmanMose Allison. He learned toplay the harpsichord. Hewas an aficionado of Ren-aissance oil paintings andancient Greek philoso-phers. He took the namefor Perseus Books from ason of the Greek god Zeus.
As well connected as hewas cultured, Pearl’s clos-
est associates included for-mer World Bank presidentJames Wolfensohn, Wash-ington’s socially prominentCafritz family, diplomatRichard Holbrooke, con-ductor Leonard Slatkin andWashington power brokerVernon Jordan.
Jordan, the former ex-ecutive director of the Na-tional Urban League, con-firmed the death of hisfriend, which occurred atJohns Hopkins UniversityHospital in Baltimore. “Hewas one of the most quietlyinfluential individuals Ihave known,” Jordan said.
A millionaire manytimes over by 44, the bald-ing and bearded Pearl be-came a wide-ranging phi-lanthropist, prominent artspatron and DemocraticParty donor. His politicallargesse alone reportedlywas in the hundreds ofthousands of dollars overseveral decades. (He wasamong those then-VicePresident Al Gore calledfrom the White House be-fore the 1996 election toseek a donation of $25,000to $100,000 for the Demo-cratic National Committee.Gore memorably defendedthe calls by saying therewas “no controlling legalauthority” to prohibit thesolicitations.)
Pearl immersed himselfin Washington’s culturalelite, serving as a NationalGallery of Art trustee and aKennedy Center boardmember. At the KennedyCenter, he underwrote mu-sical productions and pro-vided seed money to fi-
nance a summer Mozartfestival.
He funded cancer re-search at Georgetown Uni-versity and endowed schol-arships for inner-cityWashingtonians.
Whether closing busi-ness deals or making pri-vate financial gifts, Pearlsought to preserve his ano-nymity. He kept his nameoff news releases and out ofthe comprehensive Pratt’sGuide, the go-to referencefor venture capitalism.
“Living life as a publicperson is an unnatural wayto live,” he once told ThePost. “There is somethingunbecoming about seekingpublicity.”
Frank Hilton Pearl,whose father was a lawyer,was born May 27, 1943, inNew Haven, Conn., andraised in Chicago. His par-ents valued the fine artsand encouraged their sonto take painting classes andattend performances at theLyric Opera and ChicagoSymphony.
He received a bache-lor’s degree in political sci-ence from American Uni-versity in 1966 and gradu-ated from its law school in1969. That same year, hemarried Geryl Tull. Be-sides his wife, survivors in-clude a sister.
After law school, Pearlbegan practicing with thesmall Washington firm ofLane and Edson, which spe-cialized in housing and realestate matters. Pearl’s ca-chet rose when he succeed-ed in winning the businessof Washington real estatemogul Conrad Cafritz.
Another pivotal clientwas Raymond Chambers, aNew Jersey real estate in-vestor for whom Pearl hadonce handled a real estatetransaction in Maryland.Chambers said Pearl oftenexpressed his interest inmoving into corporatetransactions. So whenChambers partnered withformer Treasury SecretaryWilliam Simon to form the
investment group WesrayCapital in 1980, he insistedon hiring Pearl as their at-torney.
Two years later, Wesraycreated a tempest on WallStreet with its leveragedbuyout of Gibson Greet-ings of Cincinnati. Wesraypurchased Gibson in Janu-ary1982 for $80 million andthe next year took the com-pany public for $290 mil-lion. Simon alone trans-formed an investment of$300,000 into a profit of $70million.
Pearl, the creative forcebehind the financial struc-turing of the Gibson deal,became a partner at Wes-ray and participated in doz-ens of leveraged buyouts.He was involved in thefirm’s gigantic buyout ofAvis, the car rental compa-ny, which Wesray boughtfor $265 million in 1986 andlater sold for $1 billion.
But as the business of le-veraged buyouts attracteda hinkier crowd of inves-tors willing to engage inhostile takeovers and usejunk-bond financing, Pearldecided to retire in 1988.
He had acquired a tastefor fine living. With hiswife, he sailed around theworld in a 92-foot sloop andenjoyed extended stays inFrance, California and theVirginia countryside. Hehad homes in Palm Beach,Fla., Flint Hill, Va., and, un-til recently, Martha’s Vine-yard, Mass.
Pearl returned to Wash-ington in 1989 and pickedup his career as a privateinvestor. He plowed $200million into the Ritz-Carl-ton Hotel Co., with part-ners who included hotel ex-ecutive and Republicanpresidential adviser FredMalek.
Pearl balanced his in-vestments with his philan-thropic, political and artis-tic endeavors. Jordan saidPearl hosted low-key din-ners for presidential con-tenders and used his cloutto sway other contributors.
D.C. financier Frank Pearl diesPowerful mankept low profileBy Adam BernsteinThe Washington Post
Frank Pearl, 68, was one of Washington’s top financiersand became a philanthropist and Democratic Party donor.Pearl, who died Friday, helped mastermind one of the firsthuge leveraged buyouts. THE WASHINGTON POST
“He was one ofthe most quietlyinfluentialindividuals Ihave known.”VERNON JORDAN, friendand former head of NationalUrban League
Albany,N.Y. 72 41 CY 62 52 RNAlbuquerque 73 56 CL 65 50 CLAnchorage 49 38 CY 50 33 CYAsheville 75 57 CY 75 59 RNAtlanta 80 65 CY 80 63 RNAtlantic City 67 48 CY 72 53 CYBaltimore 69 55 CY 76 56 RNBillings 64 36 CL 72 39 CLBirmingham 84 65 CY 83 65 RNBoise 70 39 CL 77 44 CLBoston 62 47 CL 57 49 RNBrownsville 92 73 CY 86 74 CYBuffalo 66 48 RN 65 57 RNCharleston,S.C. 82 65 CY 83 65 CYCharleston,W.Va. 84 60 CY 74 64 RNCharlotte,N.C. 78 61 CY 78 62 CYCheyenne 52 36 SN 62 34 CLChicago 64 55 RN 69 51 CYCincinnati 83 62 RN 72 61 CYCleveland 72 52 RN 65 57 CYColumbia,S.C. 81 63 CY 83 63 CYColumbus,Ohio 82 59 RN 72 63 CYDallas-Ft Worth 81 69 CY 76 67 CYDayton 81 61 RN 71 59 CYDenver 53 39 RN 65 37 CYDes Moines 72 57 CY 67 49 CYDetroit 65 51 RN 70 52 CYEl Paso 83 64 CL 77 62 CLFairbanks 53 34 CY 49 33 CYFargo 61 46 CY 57 46 CYFlagstaff 63 31 CY 63 32 CYHartford Spgfld 71 47 CY 60 51 RNHonolulu 83 72 CY 85 71 CLHouston 90 71 CY 87 69 CYIndianapolis 80 65 RN 75 58 CYJackson,Miss. 89 66 CY 86 68 CYJacksonville 83 66 RN 85 65 RNJuneau 47 39 RN 44 39 RNKansas City 72 60 CY 71 50 CL
Key West 84 76 CY 84 75 CYLas Vegas 82 62 CL 87 63 CLLos Angeles 76 58 CY 82 58 CLMemphis 88 72 RN 81 68 CYMiami Beach 85 74 CY 84 73 CYMilwaukee 61 49 RN 66 47 CYMpls-St Paul 66 48 CL 58 47 RNMissoula 68 27 CL 75 34 CLMobile 86 66 CY 85 67 CYNashville 86 67 RN 78 64 CYNew Orleans 87 70 CY 85 69 CYNew York City 69 52 CY 69 54 RNNorfolk,Va. 71 57 CY 78 58 CYOklahoma City 76 62 CY 71 55 CYOmaha 71 53 CY 69 45 CYOrlando 89 67 CY 90 67 RNPhiladelphia 69 53 CY 73 55 RNPhoenix 91 66 CL 90 65 CLPittsburgh 77 58 RN 71 60 RNPortland,Maine 64 40 CL 52 46 RNPortland,Ore. 79 45 CL 72 51 CYProvidence 68 47 CY 62 49 RNRaleigh-Durham 77 57 CY 81 62 CYRapid City 62 34 CL 65 32 CLSacramento 89 50 CL 92 53 CLSt Louis 77 70 RN 74 59 CYSalt Lake City 68 39 CL 74 44 CLSan Antonio 93 72 CY 86 72 CYSan Diego 68 57 CY 69 56 CYSan Francisco 77 52 CL 73 52 CLSt Ste Marie 53 43 CY 56 43 CYSeattle 72 45 CY 66 48 CYSyracuse 69 42 RN 67 53 RNTallahassee 85 66 RN 87 65 CYTampa 86 72 CY 86 71 CYTopeka 74 57 CY 74 50 CLTucson 89 59 CL 88 56 CYTulsa 75 66 CY 74 55 CYWashington,D.C. 71 58 CY 77 59 RN
Time: 05-06-2012 21:31 User: dalbrecht PubDate: 05-07-2012 Zone: KY Edition: 1 Page Name: B 2 Color: CyanMagentaYellowBlack
