Word: morgane
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...tickets (up 7.9% so far this year) and higher prices on pretty much anything that travels before reaching a store. Even clothing has been inching up after months of deep discounting. "I wouldn't expect a lot of relief on gasoline prices," says Richard Berner, chief U.S. economist at Morgan Stanley. In addition to geopolitical tension, the hurricane season and its potential to disrupt refineries on the Gulf of Mexico lie ahead. And as we grudgingly get used to $3-per-gal. gasoline--it's been nearly two years since crude oil broke $50 a barrel--companies feel more comfortable...
...anyone picture George W. Bush hauling in an oil company's CEO and handling him the way Roosevelt handled J.P. Morgan? In the next presidential election I will be looking for a pugnacious pugilist who knows his ornithology. Thanks for reminding an old social-science instructor how important T.R. was to the development of today's U.S. GRANT BELINGER Fenton, Mich...
Success like that is spurring growth. In March Morgan Stanley said it would buy boardwalk-adjacent property and look for a partner to build a casino. Bally's and Caesars are about to announce expansion plans. Trump Entertainment Resorts, recently out of bankruptcy, is seeing salvation in building more rooms and converting its pier into a retail-and-entertainment complex. And MGM Mirage, which owns land next door to the Borgata, is advancing its timetable for building a massive complex of rooms, condos and retail. "It's no longer a question of if," MGM Mirage CEO Terry Lanni said recently...
Roosevelt directed Knox to continue to pursue his suit. All the same, Roosevelt remained open to more cooperative dealings with Morgan. For all his tough talk, Roosevelt really was willing to cut deals. But he wanted the business world on notice that the days of freewheeling combination were over. And Morgan had reason to play ball with Roosevelt. Northern Securities was only one of the many trusts he had assembled. General Electric, Western Union, International Harvester, Aetna Insurance--he controlled them all. Just a year earlier, he had put together what was then the world's largest corporation, U.S. Steel...
Though Roosevelt's Justice Department went on to bring 44 more antitrust suits in the course of his presidency, he never attacked any other of Morgan's interests. He even used Morgan as a mediator to help settle a Pennsylvania miners' strike that threatened to create a winter scarcity of coal for heating. And when he ran for President in 1904, Roosevelt was not above accepting campaign contributions from the very businesses he was pressuring, though he was so careful not to show them any favor in his second term that Henry C. Frick, one of Rockefeller's lieutenants...