Will investors regret rooting for TARP paybacks?
Paying Back TARP: Good for Banks, Bad for Shareholders?
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Fortunes Fade for Macau’s Casino Kings
For most of the past five years, the Chinese gambling mecca of Macau seemed a sure bet. After the local government ended a decades-old gaming monopoly in 2002, some of the biggest casino and hotel operators in the world rushed in with new projects, eager to tap into the hoards of wealthy Chinese who increasingly flocked to the “Asian Las Vegas.” The first American company to enter the market was Las Vegas Sands, which opened the Sands Macau casino in 2004 — and earned back its $285 million investment in only a year. U.S
Boy next door proves to be brother given up for adoption
For years, Candace Eloph searched for her half-brother, who was given up for adoption in 1977.
Would you pay for this story?
Rupert Murdoch’s plan to put News Corporation websites behind a pay wall is "going to be like putting toothpaste back in the tube." That’s according to Jack Matthews, chief executive officer at Fairfax Digital Media, the online arm of one of the News Corp.’s biggest rivals in Australia. “I don’t know of too many industries where something has been given away for free for 10 or 15 years, and then suddenly charged for it,” said Matthews, whose company publications include the Sydney Morning Herald and The Age.
How Waterboarding Is Drowning Pelosi
Not many people get away with calling the Central Intelligence Agency a bald-faced liar, at least not when they’re speaking to a room packed with dozens of national media outlets. And yet that is exactly what House Speaker Nancy Pelosi did on Thursday. “Madam Speaker, just to be clear,” stuttered a reporter at a Capitol Hill press conference, “you’re accusing the CIA of lying to you in September of 2002?” “Yes,” Pelosi declared definitively, “misleading the Congress of the United States
Sony ends year with first loss in 14 years
The Sony Corp.
Google Street View blacked out in Greece
Internet giant Google has been stopped from gathering images in Greek cities for its Street View service until it provides further guarantees about privacy. Launched in the U.S. two years ago, Street View provides users with access to 3-D “pedestrian’s-eye” views of urban areas by zooming into the lowest level on its Google Maps and Google Earth applications
Welcome to the ‘weisure’ lifestyle
The line dividing work and leisure time is blurring right before our eyes, says one expert, and it’s creating a phenomenon called "weisure time." Many who haven’t already abandoned the 9-to-5 workday for the 24-7 life of weisure probably will do so soon, according to New York University sociologist Dalton Conley, who coined the word. It’s the next step in the evolving work-life culture.
Airline defends training of pilot involved in fatal crash
The regional airline involved in a fatal February plane crash outside Buffalo, New York, contested a report Monday alleging the pilot did not have the training to handle the emergency that brought the plane down, and that he might have been fatigued on the night of the crash. Continental Connection Flight 3407, operated by regional carrier Colgan Air, plunged into a house in Clarence Center, New York, on the night of February 12, killing all 49 on board as well as one man in the house. In a story Monday, The Wall Street Journal cited investigators as saying the crash resulted from pilot Marvin Renslow’s incorrect response to the plane’s precarious drop in speed: He overrode an emergency system known as a “stick pusher,” which sends the plane into a dive so it can regain speed and avoid a stall.
Unfriendly Fire: Why Did a U.S. Soldier Kill His Fellow Troops in Iraq?
The initial U.S. military statement on the killings Monday at Camp Liberty in Baghdad was predictably terse. “Five Coalition forces members were killed in a shooting at Camp Liberty in Baghdad today at approximately 2 p.m.,” the statement read