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Still, many investors and analysts are eyeing Icahn's move closely. Some wonder if his move into the sector is a sign to start putting investment chips back on the table and roll the dice on companies with big exposure to the U.S. gaming market. "[Carl Icahn] has always been a very astute investor," concurs Clyde Barrow, a casino expert and professor at the University of Massachusetts at Dartmouth. "There's a lot of upside potential, and if you're investing for the long term, now is the time to buy." (See pictures of hard times in Las Vegas...
...more satisfying; the easier your life, the happier you tend to be. That relationship isn't entirely linear, since there's a limit to how much wealth can please you; the happiness benefit of an increasing income is especially powerful among people who don't have much money to start with, and diminishes as wealth increases. But studies also reveal that as average income levels have risen over time - in the U.S. and European nations, for example - residents of those countries have not reported being any happier than people were 30 or 40 years ago. It's a paradox that...
...answer: a combination of tax increases and fiscal smoke and mirrors. The legislation raises taxes by $569.2 billion and cuts funds from Medicare and Social Security. Democrats are also able to claim that the bill cuts the deficit because, while the insurance subsidies don’t start until 2014, many of the taxes kick in within months. In other words, the changes the bill makes to the health-care system itself will cost $938 billion, as estimated by the CBO, and to fund it, Democrats use taxes and accounting gimmicks. Not only could the new revenue sources have instead...
Harvard was outmatched from the start, as Texas Tech’s lineup of five Brazilian players and one Ecuadorean tore the Crimson apart. The Red Raiders took all three doubles by a score of 8-3, while in singles, Chijoff-Evans, Omodele-Lucien, and Nguyen lost in the top three spots to give Texas Tech...
...week training at Rice University, the women’s distance squad was more than ready on Friday. In one of the first races of the day—the women’s 3000-meter event—a pack of Harvard runners took the lead from the start, refusing to relinquish its position. Junior Claire Richardson crossed the line first with a time of 9:59.33, followed four seconds later by Crimson sophomore Nicole Cochran. Sophomore Jeanne Mack and juniors Hilary May and Jamie Olson grabbed the third through fifth positions. Fifteen more seconds lapsed before a runner...