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...these outlooks is going to be proven wildly wrong. So then why venture such big, bold guesses at the future in the first place? Well, because one forecast might be close enough to right to pay off handsomely. "A lot of unexpected things happen each year, and you can make a lot of money as long as you get some of them right," says Byron Wien, a Blackstone Group vice chairman who puts out an annual list of ten surprises for the following year. "If you cut your losses on what you get wrong and let your winners runs...
...Berlusconi. Berlusconi is a doer. His actions in Naples, which was cleaned up in a month; his rapid building program in Abruzzo following the earthquake; his measures that pulled Italy out of recession, all of these are proof of his ability. No wonder opinion polls give him close to 70% approval rating. Joe M. Zahra, BIRZEBBUGA, MALTA...
...expecting a fast turnaround. Indeed, as Aria is opening, the venerable Binion's Gambling Hall downtown has shut down, and the Sahara just announced plans to temporarily close rooms in two of its three towers. One of the early selling points of CityCenter was that a slate of condos was planned to give the project some semblance of urbane flair. But the high-rise-condo market is in dire shape. Murren says MGM Mirage has 50% of its condos under contract, but it also recently announced a 30% price reduction to lure in new buyers as well a financing package...
Still, a cautious optimism has taken hold. In the airy, triumphant lobby of Aria, Murren notes, "Nothing gets close to the immense amount of gratitude and pride I have about this...
...source close to the navy told TIME, "The marines, besides having excellent intelligence and keen analysis, have discipline and esprit de corps, have all the tools that are needed to be successful in this so-called war. Now the question is, Will they be on the street, like the army and the police? Will they be used as a special ops, or what, and for how long? And if this is the last resort, then what...