Word: pennsylvania
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...Rush Holt waited six months into the Senate session before being old enough to enter. There are more recent examples in local politics: In 2005, a high school senior was elected mayor of a town of 9,000. The same year, two University of Pennsylvania students were elected mayors of small towns outside Pittsburgh. Sievers, for her part, not only attained a county position but also gathered an impressive 21,000 votes. Sievers’s opponent—who was ousted after three consecutive terms—was quick to declare that “brainwashed college kids?...
...threatening to topple at least one of them. Adelson's company, Las Vegas Sands, has undertaken an aggressive expansion plan over the past few years, winning the bid to build the $4.6 billion Marina Bay Sands casino-resort in Singapore and developing a $743 million casino-resort in Pennsylvania, among other projects. The credit crisis has left the overextended company in danger of defaulting on $5.2 billion of loans secured by its Las Vegas operations. Last week, the company said it would work towards completing the Marina Bay site, but Singapore's government is making backup plans to enact...
...crisis may be exposing another, more insidious, flaw. As the industry has grown, it has become harder to tell good investment managers from lucky ones - and lucky ones from outright frauds. In a recent paper, Dean Foster, a professor at the University of Pennsylvania's Wharton School, and H. Peyton Young, a senior fellow in economics at the Brookings Institution, argued that the lack of industry regulation makes bad managers nearly impossible to detect. By making bets that have a relatively low probability of failing - say, 10% - an unskilled manager has a 90% chance of making good...
...aide to Clinton, he was a key figure in shepherding through the North American Free Trade Agreement, a crime bill and welfare reform - none of them popular with the Democratic Party's liberal base. The appointment of someone who has been a savvy operator at both ends of Pennsylvania Avenue also shows that, for all Obama's talk of change, he does not intend to make the mistake of earlier Presidents who ran as outsiders and brought in top advisers who did not understand the folkways of Washington. (See pictures of the world reacting to Obama...
...chief of staff and Chicago native John Podesta as his transition chief, as well as the news that his Chicago-based campaign senior strategist, David Axelrod, will be a White House adviser, has only fueled grumblings that machine-style patronage politics is on its way to 1600 Pennsylvania Avenue...