Story | Sep 4, 2012 | 9:51 AM
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Story | Nov 12, 2013 | 8:55 AM“Fantasy sports” are hugely popular, but when fans “draft” players for their teams, they “own” only the players' statistics. Recently, Wall Street and Silicon Valley entrepreneurs created Fantex Holdings, which will allow investors to buy actual pieces of real players — namely, rights to 20 percent of the player's lifetime earnings (including licensing and product endorsement deals). The firm told The New York Times in October that it will soon stage an “IPO” for budding NFL star Arian Foster and hopes to sign up many more athletes, plus singers and actors similarly early in their careers. (On the other hand, Fantex's lawyers drew up a 37-page list of potential investment risks, such as injuries, slumps and scandals — and the fact that the stock will trade only on Fantex's private exchange.)
Story | Sep 5, 2012 | 4:07 PM
Column | Apr 19, 2014 | 9:00 PM
The world's predicament on climate change reminds me of an old saying: "The hurrier I go, the behinder I get." Despite mounting evidence that global warming is an urgent crisis, emissions of heat-trapping greenhouse gases grew faster between 2000 and...
Story | Apr 17, 2014 | 5:00 AM
FRANKFURT (Reuters) - As recently as last November, Jens Weidmann steadfastly opposed any move by the European Central Bank to print money to buy assets and buoy the euro zone economy. No longer. The Bundesbank chief, known for his hardline stances at...