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Also, the average age of Atlantic City's casinos is 26 years, making it difficult for the outdated gambling houses to compete with newly built ones in nearby states, says Chris Snow, a CFA and senior analyst at CreditSights, an independent credit-research firm. (See 10 things to do in Las Vegas...

Author: /time Magazine | Title: Why Carl Icahn Is Wagering Big on Casinos | 3/23/2010 | See Source »

...Vegas won't be affected by the regional casinos, as much of Sin City's traffic comes from conventions and vacation goers and its properties are state-of-the-art megaprojects of a sort that can't be found in other parts of the country, says Snow...

Author: /time Magazine | Title: Why Carl Icahn Is Wagering Big on Casinos | 3/23/2010 | See Source »

...wrote in the daily Welt newspaper on Feb. 11. "Whoever promises the people effortless prosperity encourages late Roman decadence." The FDP leader went on to argue that those who work should always get more than the unemployed and that young jobless Germans should take up community work like shoveling snow. (Read: "Guido Westerwelle: Angela Merkel's Unlikely Partner...

Author: /time Magazine | Title: Germany: Tensions at the Top | 3/22/2010 | See Source »

...Olympics for Russia. He even delivered a speech to the International Olympic Committee in English - a first for a Kremlin leader before a Western audience - and promised members that the Sochi Games would be "safe, enjoyable and memorable." He even guaranteed that there would be snow. With the Olympics now seen as Putin's pet project, it may be harder for him to divert the blame if things don't go as planned...

Author: /time Magazine | Title: Trouble in Sochi: Russia's Mounting Olympic Problems | 3/19/2010 | See Source »

...good thing the unofficial motto of the u.s. Postal Service--"Neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds"--doesn't mention Saturday mail delivery. Because that may soon be history. On March 2, Postmaster General John Potter announced that major cuts, including an end to weekend service, would be needed to prevent a projected $238 billion loss over the next decade that is largely a result of fewer letters and packages being sent. It's the first time in USPS history that a lack of mail...

Author: /time Magazine | Title: Brief History | 3/15/2010 | See Source »

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