Word: groupsings
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Generally, investors got into this private, no-prospectus game through a trusted family friend. In our case, the trusted friend was an affable, debonair fellow named Stanley Chais, who ran the Brighton and Popham investment groups for decades. We were in two sub-groups of Brighton, and they were small...
Nancy Silverton, the well-known Los Angeles restaurateur of Pizzeria Mozza and founder and former owner of LaBrea Bakery, was in a Chais sub-group called CMG, LTD. Some of our savings, and 50 others', were in that group, too. She's lost everything, over $5 million. CMG investors lost...
Perhaps it was his background as a community organizer helping laid-off steel workers find work, or his promises to close the book on discredited trickle-down economics and renegotiate unfair trade deals. Few groups were as happy about the election of Barack Obama as organized labor, which felt it...
Business groups oppose the open ballot provision because they claim it leaves employees dangerously open to peer pressure. They also particularly dislike a provision in the bill that requires just a simple majority of a company's employees to make it a unionized shop and another that would invoke binding...
The El Gordo drawing has other beneficiaries besides the lucky winners: more than $80 million of the money collected goes to charities such as the Red Cross. The hefty payouts are thanks in part to the high price of an El Gordo ticket, or billete. One whole ticket costs about...