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...czar post has always had opponents, and criticism has swelled along with attention to Obama's appointments. Foremost among them are members of Congress who believe the advisers circumvent the legislative branch's proper supervision of the executive (unlike Cabinet secretaries, czars are not subject to confirmation votes). Earlier this month, six Republican lawmakers wrote a letter to Obama complaining that 18 White House positions "may be undermining the constitutional oversight responsibilities of Congress." Democratic Senator Robert Byrd, a well-known defender of Senate prerogatives, complained about the positions in a letter earlier this year. A spokesman replied that Obama...
After stepping down as governor earlier this year, Palin has allegedly received more than 1,000 speaking invitations. Some speculate that she was well remunerated by CLSA, though the company spokeswoman, Simone Wheeler, refused to comment on the question of a fee. The CLSA Investors' Forum has a rich tradition of bringing in leading global - and often American - figures, such as Bill Clinton, Al Gore and Archbishop Desmond Tutu. Preceding Palin as top-of-the-bill speakers on Monday and Tuesday were the Harvard financial historian Niall Ferguson and Robert Fisk, a veteran British correspondent in the Middle East...
...astonishing rate, but over the past year, the recession has taken its toll on bottom lines. Melco Crown, for example, swung to a loss of $179 million in the first six months of 2009, compared with a gain of $37.5 million in the same period a year earlier. Wynn's Macau operations saw net profit sink 35% in the first half of 2009. CLSA's Fischer, however, believes the industry is set for a turnaround. Cost-cutting measures implemented during the recession, he says, will help the casinos turn bigger profits amid the recovery. "Once you see revenue recover...
...proclamation calling for his unconditional return and encouraging Hondurans to revolt against Micheletti. The Nicaraguan ambassador to the OAS, Denis Moncada, went so far on Monday as to announce that Zelaya had dumped the San Jose Accord for the ALBA declaration, reporting that Zelaya had just said so "moments earlier" to leftist Nicaraguan President Daniel Ortega...
...Asia's economy starts to pick up steam, Macau looks to be on another roll. Gambling revenues surged an estimated 17% in August from a year earlier to $1.4 billion, a record monthly total. Aaron Fischer, gaming analyst at brokerage CLSA in Hong Kong, expects the revival to continue. September's revenues could surge 25% or more, he says, and he sees at least "low teens" growth rates annually from 2010 to 2012. "You can put me on record saying Macau is back," Fischer says. (Watch a video about the rise of Poker in China...