The owner of the struggling Revel casino in Atlantic City, N.J., is preparing to file for bankruptcy protection in the coming weeks, less than a year after the casino opened. Revel AC Inc., which carries about $1.5 billion in debt, said Tuesday it has reached a deal with investment-firm lenders on a prearranged bankruptcy plan. It expects to seek Chapter 11 protection as soon as mid-March, said people familiar with the company´s plans. The casino company is expected to continue paying employees and operate normally during the bankruptcy proceedings.
Comments: Too bad. I stayed there recently. Beautiful, classy, clean and spacious, having breaskfast overlooking the Atlantic when four sweatshirt wearing, oversized baseball hat, underwear-showing knuckleheads sat at the table nearby. There, in a nutshell, is THE problem.
George Mason’s home, Gunston Hall, just down the river from Mount Vernon, is closed on Thanksgiving Day but reopens to visitors the day after. In this season when Americans reflect upon all that we are grateful for, these stately and hallowed grounds are a good place to start. Commonly referred to as the “forgotten founder,” George Mason IV had a fair amount of contempt for politics. Especially politicians. It was a dirty, grubby affair that attracted mostly dirty, grubby people. In other words, Mason was clairvoyant.
SAN FRANCISCO — Interior Secretary Sally Jewell says she will recommend that President Obama act alone if necessary to create new national monuments and sidestep a gridlocked Congress that has failed to address dozens of public lands bills. Jewell said the logjam on Capitol Hill has created a conservation backlog, and she warned that the Obama administration would not "hold its breath forever" waiting for lawmakers to act. "The president will not hesitate," Jewell said in an interview in San Francisco last week. "I can tell you that there are places that are ripe for setting aside."
Of all the events commemorating the half-century since the Kennedy assassination, Ted Kennedy Jr. said Saturday night’s reunion of John F. Kennedy’s White House staff was the one not to be missed. “I don’t want to go to Arlington Cemetery,’’ he told hostess Nancy Hogan Dutton. “What I want is to be here in your home.’’ The point of the gathering of about 100 old friends was not the death of the president but his life — and theirs when they worked for him. No matter what they went on to achieve, reaching for the moon was hard to top.
An overdue measure to outlaw employment discrimination based on sexual orientation and gender identity cleared a procedural hurdle on Monday night in the Senate. The move is one step toward putting into federal law a basic principle most Americans support: Job applicants and employees should be judged on their professional credentials and the caliber of their work, and not be held back because of who they are. The Employment Nondiscrimination Act, however, has a significant flaw — a terribly broad religious exemption
Former Florida Gov. Jeb Bush was the honoree at the annual Jack Kemp Leadership Award Dinner on Monday night, delivering a speech that laid out ways conservatives can advance the “American idea” that the dinner’s namesake advocated. Bush advocated free market principles, especially in energy policy.We should let market forces, not crony capitalism, decide where to invest and how to incentivize citizens to conserve,” Bush, a possible GOP candidate in 2016, said, advocating approval of the Keystone XL pipeline, “rational” regulations on fracking, and opening federal lands to drilling. “A real energy strategy could add an additional 1 percent growth over
Our leaders unite — against us Just when you thought nobody around here could agree on anything, Democrats and Republicans in Congress come together to unanimously express their unified and unwavering view of the innocent American taxpayer: SCREW YOU! That’s right. You can’t get these people to agree on whether it’s raining outside, but when it comes to their deep disdain for us suckers paying all the bills around here, a hot case of venereal bipartisanship breaks out all over the place.
Appearing on Andrea Mitchell´s MSNBC 1 p.m. ET hour show on Tuesday, Wisconsin Congressman Sean Duffy slammed the press for not doing its job in pointing out the hypocrisy of ObamaCare being delayed for certain groups but not for all Americans: "...the media won´t even ask the question about, ´Why are you [the Obama administration] treating families different than big businesses?´...That´s how pathetic, I think, news reporting has become, when we won´t ask tough questions to the administration.
I have never been much of a conspiracy theorist. For me it was always Oswald by himself from the Texas School Book Depository and nothing in the intervening fifty years has disabused me of this notion. For the most part, I’m an Occam’s Razor kind of guy — the most obvious explanation is likely to be true. (Snip) To put it bluntly, Occam’s Razor has moved. Things that were once possibilities now seem almost certainties to me. Principal among those is that Obama’s academic records are perpetually unavailable for a reason — and that reason is most likely that they reveal
One of President Obama´s chief political assets has been his ability to excite young people like almost no politician in history. But the days of America´s youth fawning over the president are over. A new Harvard University Institute of Politics poll released Wednesday confirms what other surveys have shown in recent months: Millennials have soured on Obama so much this year that their opinion of him largely mirrors the American public´s. Even though Obama does not ever have to face another election, he should be worried about the findings for a couple of reasons, which we will dive into momentarily.
President Obama will cast growing income inequality and a decline in economic mobility as a “fundamental threat to the American dream” during a speech Wednesday in Washington. The speech will serve as an early preview for next year’s State of the Union address, according to a White House official, who said Obama would focus much of his energy over the next three years on the issue. “The decisions we make over the next few years will determine whether or not our children will grow up in an America where, if you work hard, you can get ahead,” the official said.
Good stuff from Jonathan Turley at today’s House hearing on executive power, although I regret that I couldn’t find a more user-friendly format for you to watch. There’s no compilation clip; you’ll have to make do with the C-SPAN embed by fast-forwarding to the time cues I give you and being patient while the vid buffers (and buffers, and buffers).(Snip)That brings us to point two: Even if Congress can’t stop Obama, the courts can. The problem there, though, says Turley, is that O and the DOJ have argued successfully in many cases that no one has standing to sue him
A stunning new study unveiled on Fox News´ Hannity finds that President Barack Obama’s White House calendar records just one face-to-face meeting between Obama and his Health and Human Services (HHS) Secretary Kathleen Sebelius in the more than three-and-a-half years leading up to the disastrous Obamacare launch. The startling statistic comes from a new Government Accountability Institute (GAI) analysis of Obama’s own official White House calendar, as well as the Politico presidential calendar, and raises new questions about Obama’s executive leadership and management throughout the implementation of his singular legislative achievement. More alarming still, the president’s schedule lists 277 private
[Video] President Obama on Wednesday declared that addressing income inequality would be the focus of “all” of the White House’s efforts “for the rest of my presidency.” In a sweeping address that touched on raising the minimum wage, investing in infrastructure and ending tax breaks for the wealthy, Obama warned that the American economy has become “profoundly unequal,” declaring economic mobility the “challenge of our time.” “The combined trends of increasing inequality and decreasing mobility pose a fundamental threat to the American dream, our way of life, and what we stand for around the globe,” he said in an hour-long
Just over two weeks ago, MSNBC host Martin Bashir delivered a harsh piece of commentary that culminated in the suggestion that someone should “s-h-i-t” in former Alaska Governor Sarah Palin‘s (R-AK) mouth. Bashir offered an abject apology on his next broadcast, but a chorus of critics continued to demand action against the host. After a reported “vacation” for the host earlier this week, Bashir announced, Wednesday afternoon, that MSNBC and Martin Bashir are parting ways. Here’s the statement from Martin Bashir, via email: After making an on-air apology, I asked for permission to take some additional time out around the Thanksgiving holiday. Upon