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...Bankruptcy law ranks claims against a failed company. Stockholders have the weakest claim - they made a bet on success, got failure instead, so too bad. The strongest claims belong to secured lenders, which are first in line for any proceeds if the company is liquidated. In between lie the unsecured claims. For a carmaker, this creditor class includes suppliers who haven't been paid, car owners whose repairs ought to be covered by warranty, dealers seeking reimbursement for manufacturers' rebates - and the UAW seeking a VEBA payment...

Author: /time Magazine | Title: Government Motors: Can a Reinvention Save GM? | 5/28/2009 | See Source »

...money to spend. Everything was devoted to getting the Christian Broadcasting Network underway. My first year, total income was $8,000 for the whole enterprise. Second year it was $20,000. And now our income is in the $600 to $700 million range. So it does grow. You bet...

Author: /time Magazine | Title: Pat Robertson, Financial Adviser | 5/27/2009 | See Source »

...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. casino mogul Steve Wynn, who opened...

Author: /time Magazine | Title: Fortunes Fade for Macau's Casino Kings | 5/21/2009 | See Source »

Here's a matrix of investments that do well, based on the shape of an economic recovery and your age. But don't bet your retirement on any one scenario - diversification works in a rebound...

Author: /time Magazine | Title: Recession Bee | 5/18/2009 | See Source »

...include the three Iranians (whose detention was publicly condemned by Iraqi authorities). "We're in the process of working with the Iraqis on how to transfer the Iranians and all detainees to Iraqi custody," said Geoff Morrell, spokesman for the Defense Department. If that happens, it's a safe bet they'll be freed...

Author: /time Magazine | Title: After Iran Frees Saberi, Will the U.S. Reciprocate? | 5/12/2009 | See Source »

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