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...were a public company, the Mississippi band of Choctaw Indians would be the envy of corporate America. With a return on revenue of 41%, the tribe's Silver Star Resort & Casino would top the Fortune 500 profitability list, dwarfing even money spinners like Microsoft, whose 29% return last year seems modest by comparison. The Choctaw Tribe has proved even more productive by another crucial yardstick: influence peddling in Washington. How successful is it? In 1997 the tribe secured its very own special-interest provision hidden in a massive federal-spending bill. And it taps the government for tens of millions...
...underscores how awry the system has gone. In President Bush's 2003 budget proposal, the 28,000 Turtle Mountain Chippewa in North Dakota, 68% of whom are unemployed, will receive the equivalent of an average $154 each. But the 400 members of the Miccosukee Tribe in Florida, whose Miccosukee Resort and Gaming Center rakes in an estimated $75 million a year, will collect $2,858 per person--almost 19 times as much. In South Dakota the 41,000 Oglala Sioux, with unemployment at 88%, will receive $168 per person. But California's Rumsey Band of Wintun Indians, whose casino takes...
...money per capita than casino-less, poor tribes. Over the past four years, while HUD has handed the Florida Seminoles housing funds averaging $2,800 per member, the tribe's five casinos have generated nearly $1 billion in revenue. The Mississippi Choctaw tribe, with its lucrative Silver Star Resort & Casino, pocketed an average of $5,900 in HUD funds per person. By contrast, the Navajo, the country's largest tribe, has a 52% unemployment rate but has received only $1,500 per member...
...Seminoles aren't waiting for the Federal Government's go-ahead. They have broken ground for a casino-hotel-entertainment complex with a new partner, Hard Rock Cafe International. The casino-resort, which will also have convention facilities, a beach club and a spa, will add to the Seminoles' lucrative gaming business. Last year the tribe's two casinos, in Hollywood and Tampa, made a combined profit of $216 million on revenue of $254 million--a return of 85%. By comparison, General Electric, often described by the media as America's best-managed company, reported net income of $13.7 billion...
About 45 people who live in the Agassiz neighborhood around the North Yard voted unanimously to take a less contentious route than other areas of Cambridge and to seek a building moratorium from the City Council only as a last resort...