Story | Dec 12, 2013 | 7:43 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 | Jan 30, 2015 | 7:05 AM
Seventy-five years ago, the government cut 65-year-old Ida May Fuller a check. It was numbered 00-000-001 — the first Social Security payout. Fuller, of Ludlow, Vermont, didn't realize it at the time, but her check helped launch the granddaddy of...
Story | Jan 30, 2015 | 12:46 AM
President Barack Obama is trying to cheer up House Democrats, urging them to keep battling for middle-class families even as they trumpet brighter news about jobs, energy production and other economic milestones. In that spirit, the lawmakers who saw...
Column | Jan 30, 2015 | 2:30 AM
WASHINGTON -- Not since Gen. Douglas MacArthur was called on to address Congress after being fired by President Harry Truman in 1951 has such an invitation to an outsider caused such a stir as House Speaker John Boehner's welcome mat to Israeli Prime...