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...totaled $15 billion in Macau in 2009, which is three times Las Vegas' $5 billion, according to Brashear, and both Wynn and LVS relied on Macau for more than 60% of their earnings in 2009. "The expansion in Asia has been unbelievable," says Brashear. "There's 2.5 billion people within a five-hour flight of Macau, and that's nearly 40% of the world's population...
...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 while income and happiness may be associated within a population at any given moment, overall economic growth does not appear to correspond to a boost in national satisfaction over time. (See a gallery of things money...
Boyce and Moore found that an individual's rank, viewed this way, was a stronger predictor of happiness than absolute wealth. The higher a person ranked within his age group or neighborhood, the more status he had and the happier he was regardless of how much he made in dollars (or, in the study's case, pounds). "What we're trying to do is understand and explain why, over 30 to 40 years, the large economic growth we have experienced hasn't made us any happier," says Boyce. "If absolute income matters, as we increased our income, everybody should...
...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 been used to fund better ends like...
...Crimson jumped out to an early 3-1 lead before the Pioneers brought it to within one after the first eight minutes of play. Ahead 8-6 at the half and 10-9 at the end of the third quarter, the Harvard athletes could feel that they would need an extra kick in the last quarter...