We don't know how much software mogul Larry Ellison recently paid for the Hawaiian island of Lanai — for 98 percent of the island, to be exact — but estimates run upward of half a billion dollars. So what do you get for that kind of money?
Beautiful beaches, for starters. A view of Maui, just eight miles away. A couple of luxury resorts built by the previous owner. And, as a bonus, some delicate history.
The allegations of physical and verbal abuse at U.S. Speedskating have a new twist: A coach allegedly directed a skater to tamper with the skates of a Canadian competitor at an international competition last year — and the skater complied.
Originally published on Thu September 20, 2012 2:30 pm
Minnesota gamblers no longer have to rip paper pull-tabs to see if they've won cash: As of this week, they can use iPads to play, and play again, at the click of a button. The venture was sparked by the need to help pay for a new Minnesota Vikings football stadium, which will cost an estimated $975 million.
The Obama administration filed a lawsuit with the World Trade Organization this week alleging that China is illegally subsidizing its auto industry.
The US says China provides cheap loans and grants and other incentives to their car industry, and that these favors go to companies who are already successful exporters. That, says US Trade Representative Ron Kirk, is unfair.
Fifteen members of an Amish breakaway group in Ohio "have been found guilty of hate crimes by carrying out beard- and hair-cutting attacks against fellow Amish in a dispute over religious differences," The Associated Press reports.
According to the wire service, a jury today "also found the sect's leader, 66-year-old Samuel Mullet Sr., "guilty of planning the attacks last fall in eastern Ohio. ... They all face prison terms of 10 years or more."
New Mexico has a long history of leading solar development. This continues to be true, despite the closure of Schott Solar earlier this summer. A new company hopes to start manufacturing again at the Schott plant. It faces significant challenges from offshore competitors. But there are many other companies in the solar industry here that are finding success.
Originally published on Fri September 21, 2012 7:46 am
Why would a billionaire energy trader-turned-philanthropist throw his foundation's dough behind a new think tank that wants to challenge scientific assumptions about obesity?
John Arnold, 38, whose move from Enron to a spectacularly successful hedge fund got him on the list of wealthiest Americans, isn't crazy about talking to the press. But certainly his decision with his wife Laura to back a newly launched operation called the Nutrition Science Initiative, or NuSI, is an intriguing one.