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Archive for January, 2007
Wednesday, January 31, 2007 When is a penny worth a nickel? By Ian Mylchreest This interesting question is the subtext of University of Chicago economist Austan Goolsby's interesting column in the New York Times. His basic point is that there is too much valuable metal in the Abe Lincoln penny; in fact, it's worth much more than a penny so we need to revalue it as a nickel and phase [...]
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Wednesday, January 31, 2007 Wednesday Quick Hits By Steve Sebelius Oh, so that's the monorail's new marketing strategy! We've got to admit, we were stumped there for awhile. Every month, the Review-Journal's Omar Sofradzija writes about ever-declining ridership numbers, and every month, monorail spokeswoman Ingrid Reisman replies that, once the new "marketing initiatives" kick in, things will be different.
Of course, nothing ever changes. So [...]
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Wednesday, January 31, 2007 No deal on Delta By Ian Mylchreest US Airways finally through in the towel Wednesday when Delta's creditors committee would not open the books to allow the $9.8 billion takeover bid to proceed, reports the Associated Press.
"We are disappointed that the Committee, which has been chosen to act on behalf of all Delta creditors, is ignoring its fiduciary obligation to those creditors," [...]
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Tuesday, January 30, 2007 Thank you for smoking By Ian Mylchreest This is again the tune being sung on Wall Street as Altria and other tobacco stocks are back in favor, reports the New York Times. Despite the general disapproval of smoking in developed countries, there's still plenty of smokers in other parts of the world and even in the U.S. the threat of litigation seems [...]
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Tuesday, January 30, 2007 Preliminary Coachella lineup announced By Mike Prevatt Did the pretty-standard-really roster for Vegoose 2006 turn you off from music festivals? Hopefully not, because the mother of all alternative music events is not only fast approaching, but located only 3-1/2 hours away.
The Coachella Music and Arts Festival will take place April 27-29 — organizers added a third day to the proceedings — [...]
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Tuesday, January 30, 2007 Will Delta or won't it? By Ian Mylchreest That's turning out to be the big question, reports the New York Times. The negotiations between US Airways and Delta are stalled … sort of. Delta is not in control of its own destiny in bankruptcy and only the committee of creditors can force the negotiations forward but the committee asked US Airways to raise [...]
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Tuesday, January 30, 2007 It's about time By Ian Mylchreest The Securities and Exchange Commission will allow companies to use the Internet for most public announcements under new rules published last week, reports CNet News.com. The issue first got aired when Sun Microsystems CEO Jonathan Schwartz argued for the change on his blog. SEC Chairman Christopher Cox hinted in a reply on Schwartz's blog that he [...]
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Monday, January 29, 2007 Friday morning massacre at Harrah's By David McKee For weeks I'd been hearing that the axe was about to fall at Harrah's corporate headquarters. As you probably know, the blow landed on Friday. The company's spokespeople were all incommunicado today (likely bracing themselves for the big 'supercasino' announcement in Britain), so exactly who got the chop is rather vague.
Scuttlebutt, however, is that [...]
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Monday, January 29, 2007 Branson & Macao: the mystery deepens By David McKee A pair of media reports from the Antipodes name Australian gambling company Tabcorp as the joint-venture-partner-to-be in Sir Richard Branson's Macao casino push. Tabcorp CEO Matthew Slatter was recently spotted scoping out Macanese real estate in company with Branson. However, both companies say they're well short of the altar.
This still begs the question of exactly [...]
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Monday, January 29, 2007 Monday Quick Hits By Steve Sebelius How do highly trained U.S. Customs and Border Protection agents search for illegal immigrants at McCarran International Airport? Here's Lloyd Easterling, supervsiory agent in charge of the Yuma Sector, which includes Las Vegas, in the Review-Journal:
"Agents look for people whose manner is nervous or confused. Clothing and hygiene will also spark curiosity," he said. [...]
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