Word: investor
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Dates: during 2000-2009
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...like a Bill Clinton. He is attractive, though not in a classic way. His strikingly deep-set eyes underscore his drive and intensity. And his pronounced chin once moved the New York Times to comment, "His jaw actually juts." Spitzer has a cheeky sense of humor. (At the Institutional Investor magazine awards dinner for market analysts in November, he opened his speech by saying, "It is wonderful to be here this evening, because I really want to put faces to all those e-mails.") His competitive streak makes him a formidable foe. "Debating with Eliot Spitzer is like wrestling with...
Spitzer didn't help his case at the Institutional Investor dinner. He surprised himself by accepting the invitation and surprised his wife, Silda Wall, by delivering the speech he had drafted. After the e-mail crack, he went on the offensive. He told the crowd that the awards--for the magazine's 31st annual All America Research Team--were essentially a sham and that, on the basis of his research, virtually none of the honorees merited praise. Several attendees muttered expletives and walked...
...Foxwoods' net income until 2018. Foxwoods' gross revenue is more than $1 billion a year. Assuming no downturn in the casino's fortunes, TIME estimates, Lim and his family will walk away with $1 billion over the life of the agreement. The U.S. tax bite? As a foreign investor, Lim will pay at a steeply discounted rate--below that levied on an American family earning less than $20,000 a year...
...TRUST WE TRUST. To appreciate how frenetic investor activity has become, take a look at the action swirling around an otherwise unremarkable tract of land across the Sacramento River from the California state capital. The Upper Lake Band of Pomo Indians, a 150-member tribe, says in court papers that its ancestral homeland, two hours' drive from Sacramento, has "little economic value." So it wants to develop a casino on the river site, even though it neither owns the land nor has the money...
...West Bromwich Building Society in England's West Midlands, which recently began to offer Shari'a-compliant mortgages. And there are other obstacles. Because the universe of Shari'a-compliant stocks is limited, funds based on this type of investing tend to under-perform the market - an investor turnoff. Scandal has also taken its toll - in 2000, 17 former managers of the Dubai Islamic Bank were convicted of embezzling millions of dollars of investors' money. "Islamic banking is still a virgin territory," notes Rumman Faruqi, ceo of the London-based Institute of Islamic Banking and Insurance. "We have...