Word: protectionism
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But not every investment has been a home run. Icahn jumped into video-rental company Blockbuster in 2005 when its shares were trading at between $9 and $10 apiece. They recently changed hands at 30 cents a share - Icahn remains a major stockholder - and the company indicated in a recent...
The sector has taken a huge hit over the past two years, as the crippling recession, the pullback in business travel, frozen credit markets, the decline in consumer spending and even President Obama's "anti-Las Vegas" comments took a hefty toll on casino companies. Gaming revenue plummeted and a...
After more than a year of bitter political debate and seemingly inescapable congressional deadlock, President Obama sat down in the White House East Room on March 23 and signed the 2010 Patient Protection and Affordable Care Act into law with a stroke of his pen. And then another pen. And...
The fundamental difference between Europe and the U.S., Europeans believe, is that Americans regard public services as a bonus rather than a basic right. For some, this is evidence that the American system is deeply flawed. "It was a scandal that the world's richest country for so long offered...
The work of environmental protection has become more institutional and less personal. But Wayburn fought his battles hard and never made an enemy if he could avoid it. He proved that you can get bigger things done if you lead with vision, not rancor.