Don Johnson won nearly $6 million playing blackjack in one night, single-handedly decimating the monthly revenue of Atlantic City’s Tropicana casino.
Not long before that, he’d taken the Borgata for $5 million and Caesars for $4 million. Here’s how he did it.
Full story here: http://www.theatlantic.com/magazine/archive/2012/04/the-man-who-broke-atlantic-city/8900/2/?single_page=true
Vale has signaled it is prepared to commission more than 100 of its controversial giant Valemax ships as the biggest producer of iron ore battles with Australia-based miners for the key Chinese market.
The Brazilian miner expects Chinese appetite for iron ore to remain strong despite the country’s economic slowdown, providing the demand to justify the ships, which rank as the world’s largest dry bulk carriers with decks the size of three football pitches.
Jaguar is taking on German premium carmakers such as Porsche by producing the F-Type, its first sports car in four decades.
The UK car brand, owned by India’s Tata Motors, said at the New York auto show that it planned to unveil a production version of a two-seat convertible later this year. Jaguar previewed its plans for a sports car last September in Frankfurt as a concept vehicle, the C-X16.
The car will be made at Jaguar Land Rover’s plant in Castle Bromwich, Birmingham, and go on sale in 2013.
However what is more surprising, perhaps, than a gunmaker experiencing such heated demand for weaponry (are we preparing for a wild west breakdown of civil law?) is the fact that a $950 million company that's been in business for over 60 years, that knows its product and its customer base as well as any company can, and that reports no breakdown whatever in its production capability, could be caught off guard in such dramatic fashion and see orders go unfilled.
After receiving over a million orders in the first quarter, Ruger CEO Mike Fifer said:
With seed money hard to come by these days, most Entrepreneurs are making full use of new resources available to them: crowd-funding websites. Most of us are well aware what exactly crowd-funding is, but just in case you haven’t heard of it…crowd-funding is basically a community that funds ideas, dreams, and projects.
Kickstarter weighs in at #8 -- for the full list check out:
The continued proliferation of globalization and the Internet have produced a world economy that is more competitive now than it's ever been before. Because these trends are bound to continue, companies are desperately hunting for ways to differentiate their products and services from the pack. And the best way to do that is through their brand.
The Worldwatch Institute emphasizes need for regulation and sustainable growth in animal agriculture industry
The global population of farm animals increased 23 percent between 1980 and 2010, from 3.5 billion to 4.3 billion, according to research by the Worldwatch Institute for its Vital Signs Online publication. These figures continue a trend of rising farm animal populations, with harmful effects on the environment, public health, and global development.
EIGHT years ago Facebook launched as an online social network connecting a small college community from a dorm room at Harvard University. Today the company has 845m active users across the globe and a wealth of data. One aspect of these data, which Facebook has shared with The Economist, shows a rough correlation between current global Facebook friendships and the old boundaries of once-mighty European empires.
JPMorgan Chase & Co., which generated the most trading revenue among Wall Street firms last year, had the highest trading and counterparty losses of the biggest U.S. banks under the Federal Reserve’s stress scenario.
JPMorgan had an estimated $27.7 billion in projected losses from mark-to-market changes, credit valuation adjustments and counterparty default losses, according to the Fed results released today. Goldman Sachs Group Inc. (GS) had an estimated $27.1 billion of such losses in the testing.
The future of urban farming is under construction in Sweden as agricultural design firm Plantagon works to bring a 12-year-old vision to life: The city of Linköping will soon be home to a 17-story "vertical greenhouse."
Value is the only commonality in an increasingly complex, challenging and interdependent world.
Laurance Allen: Editor + Publisher