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Revel Casino Prepares for Chapter 11
Wall Street Journal, by Alexandra Berzon And Mike Spector
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Original Article
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Posted By:jackson, 2/20/2013 10:44:40 AM
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| 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.
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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.
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Reply 1 - Posted by:
snowoutlaw, 2/20/2013 10:50:46 AM (No. 9186686)
I do not see how a company that never loses a bet in the long run can need bankruptcy. Is this proof that profits are being drained off to the family?
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Reply 2 - Posted by:
Halfvast Conspirator, 2/20/2013 11:04:18 AM (No. 9186727)
Having a problem attracting enough stupid people to throw their money away.
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Reply 3 - Posted by:
Safari Man, 2/20/2013 12:33:35 PM (No. 9186880)
I can´t see the article... needs subscription? Based on the blurb above, I wonder if they are hoping for Sandy bailout funds.
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Reply 4 - Posted by:
Patchy Groundfog, 2/20/2013 12:56:02 PM (No. 9186912)
Remember - we´re in a recovery!
That´s why businesses reliant on disposable income are tanking left and right.
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Below, you will find ...
Most Recent Articles posted by "jackson"
and
Most Active Articles (last 48 hours)
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Most Recent Articles posted by "jackson"
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Happily Never After?
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New York Times, by Maureen Dowd
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Posted By: jackson- 4/3/2013 2:09:56 PM
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I’m worried about the Supreme Court. I’m worried about how the justices can properly debate same-sex marriage when some don’t even seem to realize that most Americans use the word “gay” now instead of “homosexual”; when Chief Justice John Roberts thinks gays are merely concerned with marriage as a desirable “label,” and when Justice Samuel Alito compares gay marriage to cellphones. The Nine are back there in their Miss Havisham lairs mulling, disconcertingly disconnected. In his zeal to scare people about the “possible deleterious effect” of gay parents adopting, Justice Antonin Scalia did not seem fully
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The Campaign to Outlaw Abortion
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New York Times, by Editors
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Posted By: jackson- 3/30/2013 7:34:51 AM
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Anti-abortion groups have been trying to re-impose restrictions on abortion rights for 40 years, but the Legislature and governor of North Dakota have taken this attack on women’s reproductive health and freedom to a shocking new low by passing a bill that they must know perfectly well is unconstitutional by any reading of the 1973 Roe v. Wade decision and others since.Under those rulings, full abortion bans are allowable only after fetal viability, which the medical community generally considers to be around 24 weeks into pregnancy. But North Dakota joins a growing list
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Is America Still a Good Country?
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Human Events, by Patrick J. Buchanan
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Posted By: jackson- 3/29/2013 8:38:11 AM
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"Not until I went to the churches of America and heard her pulpits aflame with righteousness did I understand the secret of her genius and power. America is great because she is good, and if America ever ceases to be good, America will cease to be great.” So wrote Alexis de Tocqueville. Yet, judged by the standards of those old “pulpits aflame with righteousness,” is America still a good country? Consider the cases taken up this week by the Supreme Court
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As Supreme Court Deliberates, Jeb Bush Speaks
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New York Times, by Andrew Rosenthal
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Posted By: jackson- 3/27/2013 10:20:40 AM
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Quite a few Republicans have been announcing new stages in their “evolution” on same-sex marriage, which is being debated in the Supreme Court today and tomorrow. Senator Rob Portman of Ohio said earlier this month that he was prompted to reverse his position when he learned his son was gay – after a two-year period of reflection that included having his name floated as a potential running mate for Mitt Romney, a staunch opponent of gay marriage.
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The Unmourned
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National Review, by Mark Steyn
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Posted By: jackson- 3/20/2013 1:42:32 PM
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In 2011, I wrote about mass murder at Kermit Gosnell’s abortion “clinic”: From the Office of the District Attorney in Philadelphia: Viable babies were born*. Gosnell killed them by plunging scissors into their spinal cords. He taught his staff to do the same. This is a remarkable moment in American life: A man is killing actual living, gurgling, bouncing babies on an industrial scale – and it barely makes the papers. Had he plunged his scissors into the spinal cord of a Democrat politician in Arizona, then The New York Times, ABC, CBS, NBC and everyone else would
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Steubenville Rape Guilty Verdict: The Case That Social Media Won
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Time, by Adam Cohen
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Posted By: jackson- 3/18/2013 10:39:46 AM
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It was a sickening crime that fit an all-too-familiar storyline. Young men who turned a night of partying into an ugly sexual assault. A culture in which high school football players are treated like gods and act as if no rules apply. And an innocent young woman who was abused by people she thought were friends and then humiliated. But what made the Steubenville, Ohio, rape case — which ended today with guilty verdicts against Trent Mays and Ma’lik Richmond — different and what made it feel cutting edge is the pervasive role
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Wolf Whisperer in the Vatican
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New York Times, by Timothy Egan
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Posted By: jackson- 3/15/2013 8:48:54 AM
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The world is full of Roman Catholics who long ago stopped following the dogma, doctrine and medieval sexual dictates of the church. But they never lost faith in Francesco, the merchant’s son who spoke to wolves, slept on dirt floors and dined with lepers. That the new pope would take the name of Francis, in honor of the saint from the Umbrian town of Assisi, is the most radical first move by a pontiff in some time. The 12th century mystic is the nature saint, patron of the environment, the poor, the dispossessed.
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Obama: I Didn´t Cancel W.H. Tours, Secret Service and Congress to Blame
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Weekly Standard, by Daniel Halper
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Posted By: jackson- 3/13/2013 10:15:19 AM
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President Obama says he´s not the one who canceled the White House tours. He made the comments in an interview with ABC News. "[O]ne more question about the spending cuts," said the interviewer from ABC News. "You’ve been takin’ a lotta heat for this cancellation of the White House tours. They get– the Secret Service says it’s costs about $74,000 a week. Was canceling them really necessary?" "You know, I have to say this was not– a decision that went up to the White House. But th– what the Secret Service explained
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For Detroit, a Crisis Born of Bad Decisions and Crossed Fingers
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New York Times, by Monica Davey and Mary Williams Walsh
Original Article
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Posted By: jackson- 3/12/2013 9:02:50 AM
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DETROIT — This city was already sinking under hundreds of millions of dollars in bills that it could not pay when a municipal auditor brought in a veteran financial consultant to dig through the books. A seasoned turnaround man and former actuary with Ford Motor Co., he was stunned by what he found: an additional $7.2 billion in retiree health costs that had never been reported, or even tallied up. “The city must take some drastic steps,” the consultant, John Boyle, warned the City Council in delivering his report at a public meeting in 2005.
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Jeb Bush: I’m ‘in Sync’With Lindsey Graham on Immigration Reform
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ABC News, by George Stephanopoulos
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Posted By: jackson- 3/11/2013 10:10:31 AM
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During an interview for “This Week,” former Florida governor Jeb Bush told me that he was “in sync” with South Carolina Republican Sen. Lindsey Graham on the issue of immigration reform. Graham, a key member of the bipartisan group of senators pushing for immigration reform, took Bush to task after the former Florida governor said Monday that he did not support a pathway to citizenship for illegal immigrants, which is a key component of the plan being pushed by the Senate group. Bush subsequently reversed course and said he could in fact support a plan
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A Time to Think Big
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Time, by Joe Klein
Original Article
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Posted By: jackson- 3/8/2013 8:48:19 AM
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Jeb Bush isn’t not running for President. This is big news, even though the next presidential election is several zillion tweets away. It shakes up the political money world, where potential saviors like Chris Christie and Marco Rubio may find it much harder to fill their treasuries. It may tee up yet another of those Bush-vs.-Clinton death matches that are so entertaining. But it is potentially more important for those who’d like to see the Republican Party evolve past its current juvenility. Bush is thoughtful, and he thinks big. Asked on Morning Joe to name
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Officials: 80 Percent Of Recent NYC High School Graduates Cannot Read
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CBS New York, by Staff
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Posted By: jackson- 3/8/2013 8:17:18 AM
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It’s an education bombshell. Nearly 80 percent of New York City high school graduates need to relearn basic skills before they can enter the City University’s community college system. The number of kids behind the 8-ball is the highest in years, CBS 2´s Marcia Kramer reported Thursday.When they graduated from city high schools, students in a special remedial program at the Borough of Manhattan Community College couldn’t make the grade.
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Most Active Articles (last 48 hours)
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´My bangs are getting a little irritating´: Michelle Obama admits she already regrets her high-maintenance hairdo
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Daily Mail (UK), by Margot Peppers
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Posted By: pineledger- 4/7/2013 7:43:42 AM
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Michelle Obama has admitted that she is already tired of the bangs she first sported in January. The First Lady said in an interview with Entertainment Tonight: ´Bangs are a day-by-day proposition. They´re starting to grow out, get a little irritating.´ Still, she hasn´t let her hairdo woes get her down. ´It´s okay,´ she said after her initial complaint. ´We´ll be good.´ The first indication that her hairstyle was becoming a burden came about last weekend, when Malia, 14, was spotted adjusting her mother´s hair during the White House Easter Egg Roll.
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Why Obama´s ´Best-Looking Attorney General´ Comment Was a Gaffe
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The Atlantic, by Garance Franke-Ruta
Original Article
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Posted By: Oblio- 4/6/2013 6:51:15 AM
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President Obama´s biggest gaffe yesterday when speaking of California Attorney General Kamala Harris was not in flirtatiously complimenting her as "the best-looking attorney general," but in introducing an observation from the system of beauty into a forum that was about the system of power.What´s that, you say? Irin Carmon does a great job in Salon in laying out the bounds of propriety for when it´s appropriate to talk about a woman´s looks as a general matter. But I´ve long felt we lack a solid theoretical underpinning for easily discussing these issues, and why precisely it is that
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McCain: ´I don´t understand´ GOP filibuster on guns
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Politico, by Jennifer Epstein
Original Article
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Posted By: JoniTx- 4/7/2013 12:18:14 PM
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Sen. John McCain says he doesn´t understand the threats from some of his Republican colleagues to filibuster a bill on background checks to buy guns. "I don´t understand it," the Arizona Republican said on Sunday of the threat coming from Sen. Rand Paul,Sen. Ted Cruz, Sen. Mike Lee and nine other Republicans. "The purpose of the United States Senate is to debate and to vote and to let the people know where we stand.” "What are we afraid of? ... If this issue is as important as we all think it is, why not take ... it up and debate?"
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Hillary Clinton Would Not ´Clear the Field´ for 2016
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New Republic, by Tod Lindberg
Original Article
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Posted By: StormCnter- 4/6/2013 5:22:36 AM
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No one is more preoccupied these days with Hillary Clinton´s 2016 plans than the Beltway political class—not even the former presidential candidate herself. To hear some tell it, her decision will be dispositive for all other Democrats thinking of entering the race. And pundits and reporters aren´t the only ones positing the "The Hillary Factor": No less than the House Democratic whip, Steny Hoyer, told BuzzFeed, “I don´t know that anybody would run against Hillary…. If she runs, she clears the field.” It´s an understandable conclusion, given Clinton´s stature in the Democratic Party and her 70 percent
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Obama critic apologizes for his ´poorly chosen words´ on gay marriage
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The Hill [Washington DC], by Alexandra Jaffe
Original Article
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Posted By: JoniTx- 4/6/2013 12:18:19 PM
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Neurosurgeon Ben Carson, considered by some to be a potential Republican contender for president, apologized to Johns Hopkins University for the "poorly chosen words" he used in expressing his opposition to gay marriage last month.“I am sorry for any embarrassment this has caused,” Carson said in the letter, reported in New York Magazine.(Snip) "Although I do believe marriage is between a man and a woman, there are much less offensive ways to make that point. I hope all will look at a lifetime of service over some poorly chosen words.” Carson will remain as commencement speaker at Johns Hopkins,
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Mother Of Slain Benghazi Officer To Sean Hannity: ‘They Want Me To Shut Up’
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Mediaite, by A.J. Delgado
Original Article
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Posted By: StormCnter- 4/7/2013 5:00:16 AM
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On Friday, Sean Hannity brought Pat Smith, mother of the late Sean Smith, on his radio program. The 34-year-old information management officer was one of four Americans murdered in the Benghazi embassy attack on September 11, 2012. In the chilling interview, a distraught Ms. Smith, in tears, pleaded for answers and spoke of the efforts to silence her. Ms. Smith first relayed how her son, prior to the attack, requested additional security in advance and warned the State Department: He did tell them, ahead of time, he typed it into his little typewriter over there,
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Vanishing workforce weighs on growth
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Washington Post, by Jim Tankersley
Original Article
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Posted By: Dreadnought- 4/6/2013 11:28:59 PM
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Put out an all-points bulletin: Millions of Americans have gone missing from the workforce. Every month that those would-be workers are gone raises the odds that they might never come back, dimming the prospects for future economic growth. The vanishing trend is more than a decade old, but it accelerated during the Great Recession. Throughout 2012, economists held out hope that it had stopped. But then came Friday’s jobs report, and hopes were dashed. The Labor Department reported that the U.S. labor force — everyone who has a job or is looking for one — shrank
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White House Blames Jobs Numbers on Sequester
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Breitbart´s Big Government, by Wynton Hall
Original Article
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Posted By: Dreadnought- 4/5/2013 8:02:58 PM
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The Obama White House is scrambling to blame Friday’s abysmal March jobs numbers on the sequester’s trimming of the rate of growth in federal budgets that have yet to fully commence. After the Labor Department announced that a mass exodus of 663,000 workers left the U.S. workforce last month and that job creation fell 112,000 jobs short of projections, Obama’s top economic adviser Alan B. Krueger, took to the White House blog to blame the sequester: It is important to bear in mind that the March household and payroll surveys are the first monthly surveys to look
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The Secrets of Princeton
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New York Times, by Ross Douthat
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Posted By: Oblio- 4/7/2013 8:08:09 AM
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Susan Patton, the Princeton alumna who became famous for her letter urging Ivy League women to use their college years to find a mate, has been denounced as a traitor to feminism, to coeducation, to the university ideal. But really she’s something much more interesting: a traitor to her class. Her betrayal consists of being gauche enough to acknowledge publicly a truth that everyone who’s come up through Ivy League culture knows intuitively —
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Beyonce, Jay-Z celebrate 5th anniversary in Havana, Cuba
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Los Angeles Times, by Nardine Saad
Original Article
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Posted By: Fiesta del sol- 4/6/2013 8:20:04 AM
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Beyonce and Jay-Z celebrated their fifth wedding anniversary in Cuba this week. The couple, who married on April 4, 2008, took in the sights of Old Havana, visited a school, dined on a rooftop terrace and strolled the fan-filled streets in their island best.(snip).The power couple declined to answer journalists´ questions about their visit to the island nation, but some outlets are reporting that the moguls are there as tourists, though that would be illegal because of the half-century embargo the U.S. has on the Communist country. However, the Miami Herald said Washington has issued special licenses for
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Obama Budget to Cap Retirement Accounts at $3 Million
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Breitbart´s Big Government, by Tony Lee
Original Article
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Posted By: Desert Fox- 4/5/2013 9:40:39 PM
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The budget President Barack Obama will submit on April 10 will contain a proposal that would prohibit individuals from accumulating more than $3 million in Individual Retirement Accounts (IRAs) and tax-preferred retirement accounts. According to a White House statement, the Obama administration believes the current rules allow some wealthy individuals "to accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving." "The budget would limit an individual’s total balance across tax-preferred accounts to an amount sufficient to finance an annuity of not more than $205,000 per
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