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...nothing. Only half of all tribes--which have a total of 1.8 million members--have casinos. Some large tribes like the Navajo oppose gambling for religious reasons. Dozens of casinos do little better than break even because they are too small or located too far from population centers. The upshot is that a small number of gaming operations are making most of the money. Last year just 39 casinos generated $8.4 billion. In short, 13% of the casinos accounted for 66% of the take. All of which helps explain why Indian gaming has failed to raise most Native Americans...

Author: /time Magazine | Title: Indian Casinos: Wheel Of Misfortune | 12/16/2002 | See Source »

...Cronan learned this weekend, there is an upshot to playing at Yale—golf gets a whole lot easier once it’s over...

Author: By Brian E. Fallon, CRIMSON STAFF WRITER | Title: Cronan, Chiampa Lead Women's Golf at Mt. Holyoke | 10/1/2002 | See Source »

...baby food--the ketchup king has pushed Hain products into Sam's Clubs and Costcos. Kellogg has had similar success with Worthington Foods, which it acquired for $307 million in 1999. Kellogg eliminated Worthington's money-losing lines and focused on its top brand, Morningstar Farms veggie burgers. The upshot: Morningstar's market share grew from 57% to 61%, with sales up 19%, to $150 million last year. Kellogg is extending the Morningstar brand to other packaged convenience foods, such as frozen meat-substitute "chicken" nuggets...

Author: /time Magazine | Title: Organic Growth | 8/12/2002 | See Source »

Housing experts measure supply in months, with a six-month inventory considered normal. The national backlog reached 9.2 months in the 1990 recession but today stands at just 4.8 months. The upshot: even if demand slackens, prices can hold if sellers simply wait a normal length of time for the right buyer to surface. Increasingly, that buyer is a new American. Greenspan can get breathless describing "the incredible rise in immigration," which he says accounts for "a third of the rise in household formation" and "has been a major factor holding the price level of homes up." Today more than...

Author: /time Magazine | Title: What Bubble? | 8/5/2002 | See Source »

...upshot of the whole WorldCom debacle is that when even simple tricks go undetected, there is no saying where it all ends, and that's what investors are coming to understand. They're voting with their feet. Those losing faith include company insiders, who are in the best position to see how firms are managed. Since last September, insiders have sold $66 billion more of their employers' stock than they have bought (all of it legally and publicly disclosed). Insider purchases have all but dried up, according to research firm TrimTabs. A net $10 billion was withdrawn from U.S. stock...

Author: /time Magazine | Title: WorldCon | 7/8/2002 | See Source »

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