Pennsylvania casino revenues drop for second year

CENTRE TIMES / AP: Pennsylvania’s casino industry has suffered its second straight year of declining revenue, a reflection of increased competition as East Coast states try to keep their own gamblers at home. Gross revenue at the state’s 12 casinos dropped 1.44 percent in 2014 to just over $3 billion, according to the Pennsylvania Gaming […]

GOP makes U-turn on net neutrality

POLITICO: …The language Republicans are using to talk about their proposed bill illustrates just how far the GOP has come on the issue. The principles embrace and even bolster ideas that were once controversial in Republican circles, like banning “paid prioritization,” the practice of charging content companies for an online fast lane. Thune’s principles also […]

Defense contractor pleads guilty in massive bribery case

WASHINGTON POST: A Malaysian defense contractor pleaded guilty Thursday in a corruption scandal of epic proportions, admitting that he bribed “scores” of U.S. Navy officials with $500,000 in cash, six figures’ worth of sex from prostitutes, lavish hotel stays, spa treatments, Cuban cigars, Kobe beef, Spanish suckling pigs and an array of other luxury goods… […]

US eases Cuba embargo by loosening trade, travel restrictions

ALJAZEERA: …Only Congress can end the five-decade embargo. But the measures give permission for U.S. residents to use credit cards in Cuba and U.S. companies to export telephone, computer and Internet technologies. Investments in some small business are permitted. General tourist travel is still prohibited, but Americans authorized to visit Cuba need no longer apply […]

Swiss stun markets and scrap franc ceiling

FINANCIAL TIMES: …The Swiss currency surged as much as 39 per cent against both the euro and the dollar, one of the sharpest appreciations in recent history, after the Swiss National Bank said it would no longer maintain its SFr1.20 threshold… The European Central Bank is next week expected to embark on a sovereign bond […]

Taking a tough line with hospital errors

That’s why the federal government has started keeping track of those mistakes and other preventable errors and penalizes hospitals with the worst records. Make too many mistakes (known as “hospital acquired conditions”), and a hospital loses 1 percent of the money it is due from Medicare, the federal health coverage for senior citizens…

Crisis in France Is Seen as Sign of Chronic Ills

Nearly everyone agreed that the fallout from the Charlie Hebdo attacks, including a heightened security response by France and its allies, was a distraction from a larger problem: a sense of increasing social and economic marginalization that many cited as a root cause of young people drifting toward extremism…

Carlos Slim Becomes Top NY Times Shareholder

NEWSMAX / REUTERS: Mexican billionaire Carlos Slim has become the largest shareholder of New York Times Co after exercising warrants to double his stake in the publisher to 16.8 percent… New York Times, controlled by the Ochs-Sulzberger family through Class B shares, paid back the loan in 2011. New York Times, which has been under […]

Caesar’s unit files Chapter 11 in bid to trim debt

USA TODAY: A cash-strapped division of casino giant Caesars Entertainment Corp. said early Thursday that it filed for bankruptcy protection in Chicago, hoping the court agrees to its plan to get out from under $18.4 billion of debt. The division Caesars Entertainment Operating Co. owns and operates most of Caesars’ 50 properties worldwide. Caesars CEO […]