Sheldon Adelson

The 6 Biggest Busted Bets of 2012

As pundits and politicians rush to sew the year up into a neat little bundle, we decided to look at 2012 from a slightly different angle. Here is our list of the year's worst bets -- six developments that seemed like sure things in January, but were bust by December.

Did Tea Party's Top Campaign Donors Tax Themselves?

Tea Party mega-donors poured hundreds of millions into the 2012 election, and one of their key goals was to keep taxes low for the rich. Had Romney won, their investments could have paid off mightily. Here's a look at how what they donated compares with what they'd have saved under Romney.

2012 Election: Which Industries Won When Obama Did

The election is over, and now, the many investors who were keeping a close eye on the polls know what they're getting (somewhat) in terms of the federal government for the next few years. Here's a look at 21 economic sectors, and what a second Obama term will mean for each of them.

Campaign Donations: The Donors You Know, and Those You Don't

Two years ago, nobody knew anything about Foster Friess, Sheldon Adelson or Frank VanDerSloot. Today, these deep-pocketed money men are household names. But while super PAC supermen are exciting, they're hardly the only folks giving to political campaigns, and you can find out about the less-known names too.

The Wealthy Donors Behind the Presidential Race

Super PACs have no limits on what they can raise from individuals, corporations or labor unions. Here is a look at wealthy individuals who have contributed at least $1 million to the major "super" political action committees.

Super PACs Are Super-Fly! Music Video Explains It All

Are you a bit confused about super PACS, those new political operations that have somehow taken over the U.S. election process? Well, in the spirit of Schoolhouse Rocks, ProPublica brings you "Oh, Super PACs," a 1970s-style video that answer all your questions.

Super PACs: New Rules, But an Old Political Game

Pundits have lately focused on the growth of super PACs -- and the power of the mega-rich men who fund them -- but the current business-sponsored presidential contest isn't unusual: There's a long and rich tradition of election-buying in American history.

The Man Behind Santorum: Who Is Foster S. Friess?

To run for president in this election cycle, it seems, you must have the backing of a super PAC, often heavily supported by a single super-wealthy benefactor. We've all learned lately about Newt Gingrich's billionaire sugar daddy Sheldon Adelson. Now it's time to meet Rick Santorum's No. 1 fan, Foster S. Friess.

Is Sheldon Adelson Trying to Buy the White House?

Casino mogul Sheldon Adelson has stirred up controversy recently for his $10 million in political help to the Newt Gingrich campaign -- but it's all perfectly legal. Still, with billionaires and corporations now able to make almost unlimited political donations, is the presidency for sale?

Meet the Richest People in America

The nation's wealthiest are worth a combined $1.53 trillion, according to Forbes. And while there are many familiar faces on this year's list of the richest Americans, a younger group of entrepreneurs are quickly marching their way up the ranks.

Las Vegas Strip Has a Winning Streak in February

The Las Vegas gambling industry seems to have some fight left in it. Following a seemingly endless run of negative months, gambling revenues on the Las Vegas Strip jumped 33% in February to $568 million from $427.4 million a year ago, according to WHO TK. Casino operators have their Chinese patrons to thank for the fortunate turn of events.