Billionaire Dan Gilbert selling Greektown Casino-Hotel for $1 billion

Businessman Dan Gilbert has reached an agreement to sell his Greektown Casino in Detroit for $1 billion. The buyers are two casino-related firms: Penn National Gaming, a casino operator that owns…

San Francisco Tech Billionaires Go to War over Homelessness

Proposition C, a bill to fight homelessness with a new business tax, slid into San Francisco’s DMs in the middle of the night, politically speaking. What happened was, in December…

Continue Reading Howard Lutnick, Now a Billionaire, Bets Own Fortune on Bold Growth Plan

Howard Lutnick, Now a Billionaire, Bets Own Fortune on Bold Growth Plan

It has been seventeen 9/11s since Howard Lutnick watched the Twin Towers fall. Grief has mellowed. Old recriminations have quieted. And, with time, the tragic story of his firm, Cantor…

Continue Reading Another Tax Scam for the Rich

Another Tax Scam for the Rich

Hard to believe, but the Trump administration is proposing yet another massive tax windfall for the rich. It would be to reduce their capital gains taxes. Those are taxes on…