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Also, the average age of Atlantic City's casinos is 26 years, making it difficult for the outdated gambling houses to compete with newly built ones in nearby states, says Chris Snow, a CFA and senior analyst at CreditSights, an independent credit-research firm. (See 10 things to do in Las Vegas...
...there are now dozens on the drawing board, and the Obama Administration has announced loan guarantees to build new plants. United Controls is also seeing a spike in business from overseas countries such as Korea, Taiwan, Spain and Brazil. In other words, coming out of the recession, Hale's firm is a commodity in short supply: a top-notch credit risk...
...rise to more than 5% of GDP this year - far more than the 3% limit set by European Union rules. Add in worries that Berlin could end up bailing Greece out of its own financial predicament (so far Merkel's response to calls for help has been a firm nein, though she has proposed a new European Monetary Fund that could help in the future) and you can understand why Germans are disgruntled...
...government has put a priority on being self-sufficient in food and agriculture. The recession has made financing hard to come by in the region, but "Deere is planting the seeds for when the markets normalize," says Lawrence De Maria, an analyst at the New York brokerage firm Sterne Agee. Still, De Maria adds, "it's sticking with assembly factories for now so that if they had to pick up and leave, it wouldn't kill the shareholders...
Over the coming months, the University’s planning effort will identify projects and themes that Faust said she hopes will excite donors. The University has not yet set a firm date for the launch of the campaign...