Word: driven
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...March 2009. Although it has since risen 10-fold to $20 a share, it's still far below its peak. Wynn Resorts (WYNN) and Las Vegas Sands have seen the biggest gains, with their stocks rising 296% and 842% respectively in the past 52 weeks. But their gains were driven largely by their exposure to the lucrative Macau market, where gaming has been on fire. Indeed, gaming revenue totaled $15 billion in Macau in 2009, which is three times Las Vegas' $5 billion, according to Brashear, and both Wynn and LVS relied on Macau for more than 60% of their...
...that threatens China's buoyancy threatens their own bottom lines. (Witness the sell-off in the S&P 500 on Feb. 12, when Beijing's central bank raised by a tick the so-called reserve ratio requirement for its banks.) And nothing, not even massive government infrastructure spending, has driven China's growth more than real estate investment...
...That recovery will be driven by Deere's farm-equipment unit, which still comprises 90% of its sales. Even here, Deere's gotten tough, canceling franchise contracts with smaller dealers - who, like the farmers, are deeply brand-loyal - encouraging them to partner with higher-volume dealership chains. "Our customers now have to drive more than an hour to get parts," says Roy Dufault, whose family-run franchise in Fosston, Minn., closed in October after 80 years of selling John Deere products. "At harvest time, if a tractor breaks down, an hour means a lot of money lost...
Smuggling along Egypt's border with Hamas-ruled Gaza via underground tunnels has skyrocketed in the past two years, driven by an Israeli blockade on the Strip. Smuggled goods have become the Palestinian territory's only lifeline outside of aid and a valuable source of income to Sinai's marginalized Bedouin. But from a security standpoint, the trade is a round-the-clock law-and-order concern - particularly guarding against the transport of weapons and persons - and one that Mwafi says yields daily intercepts and arrests. "We are always in a situation because we are near Gaza and Israel," says...
Philanthropic dollars are seeding the reinvention of Detroit. Demographer Kurt Metzger heads up Data Driven Detroit (DDD), an agency that just completed a plot-by-plot analysis of the city's 139-square-mile footprint, without which Griffin would be flying blind. DDD is backed by $1.85 million from the Kresge and Skillman foundations. Robert Bobb, emergency financial manager for the Detroit public schools, draws one-third of his $425,000 salary from an alliance of philanthropies led by the Eli Broad Foundation. And if all goes according to plan, Detroit will break ground this year on a trolley line...