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Archive for December, 2005
Tuesday, December 13, 2005 Tookie’s dead; hooray for justice By Len Butcher Am I missing something here? Stanley Tookie Williams was executed early this a.m. for the brutal murders of four people and supporters are saying they will give him a funeral
“befitting a statesman.” Not only this, but while he was on death row, he was nominated several times for a Nobel Peace prize. Why? Because he [...]
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Tuesday, December 13, 2005 Investor tries to shake Wendy’s up By Ian Mylchreest Time was that “shareholder activists” were called “corporate raiders.” But whatever, you call Nelson Peltz, he is promising a major makeover of hamburger queen Wendy’s.
The New York Times reports that Peltz plans to force the company to sell off its subsidiary brands such as Baja Fresh because they are a distraction. Other plans include cutting [...]
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Tuesday, December 13, 2005 Retirement is big business By Ian Mylchreest Even though plenty of baby boomers have barely thought about retirement savings, the pension and 401(k) business is turning into a big business.
Bloomberg reports that CalPERS, the pension fund for California’s state employees, has topped $200 billion for the first time in its history.
“It took 64 years to break $100 billion, but only nine [...]
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Tuesday, December 13, 2005 The show goes on By Ian Mylchreest Strip headliner Wayne Newton tells the Las Vegas Weekly that he has had no trouble filling the chairs left vacant when American Federation of Musicians Local 369 struck his Christmas show.
The strike is an echo of the long and bitter strike that finally wiped out house orchestras in casino show rooms. For many months pickets [...]
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Monday, December 12, 2005 See how the big M&A boys played By Ian Mylchreest If you wanted some perspective on the big year of acquisitions on the Strip, take a look at BusinessWeek’s year-end round up of the biggest buyouts.
The year looks like being the first where M&A activity tops $1 trillion and just a little of that came from MGM Mirage’s $7.3 billion buyout of Mandalay Bay and [...]
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Monday, December 12, 2005 Here comes another low-cost airline By Ian Mylchreest The New York Times reports that Sir Richard Branson’s Virgin Group has raised the capital to create another low-fare airline in the United States.
The idea had fallen on hard times because the airline industry had too many planes and too low fares but two venture capital groups have decided that there is room for one [...]
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Monday, December 12, 2005 What, no Christmas? By Len Butcher In 13 days it will be Christmas. Or will it? Seems there’s a controversy going on over whether we should, or even can, call Christmas, well, Christmas. For some reason, and I won’t even venture to guess, considering how wacky our world is becoming, the word Christmas is too Christian. Well, duh, isn’t it named [...]
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Thursday, December 8, 2005 Outliving the experts By Len Butcher
Well, according to a government study, we are going to live longer. At least those born in 2003 are, which leaves me and anyone who reads this, out. But don’t feel too bad. These toddlers are only going to live three months longer than someone born a year earlier. It’s still a fair jump from [...]
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Thursday, December 8, 2005 A separate, concurring opinion By Steve Sebelius No tax breaks for you!
That’s what the House of Representatives said Wednesday to Gulf Coast casinos devastated by Hurricane Katrina and Hurricane Rita. Under a relief bill by U.S. Rep. Frank Wolf, R-Va., that passed by a whopping 415-4, a new Gulf Opportunity Zone will provide tax breaks and other relief for businesses.
But [...]
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Wednesday, December 7, 2005 News groups put profits first By Len Butcher As a journalist, I am concerned with the future of the news business. This concern is brought on by what I see presently taking place in the media. Two things stand out that I find more alarming as the days, months and years go by. First, the mentality, if that’s the right word, of the [...]
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