Monthly Archives: June 2013
  • The lifestyle of Rich, the infamous (Fortune, 1986)

    Editor's note: Every Sunday we publish a favorite story from our magazine archives. This week we remember Marc Rich, the billionaire and famous fugitive who died on Wednesday in Switzerland at the age of 78. 

    Marc Rich, biggest tax fugitive in U.S. history, is in Switzerland happily running a commodities trading firm worth nearly $1 billion. 

    By  Shawn Tully, with reporter associate Nancy J. Perry

    By striking a deal with the SEC and federal prosecutors, Ivan MORE

    Jun 30, 2013 5:00 AM ET
  • Decades of descent

    In a new book, George Packer dives deep into the collapse of American institutions.

    By Craig Giammona, reporter

    FORTUNE -- The spare and foreboding short stories of Raymond Carver can be taken as a prologue to George Packer's latest book, The Unwinding: An Inner History of the New America.

    Life in Carver stories, always in the rural northwest, and typically drenched in alcohol, was lonely and often hopeless.

    Packer, a New Yorker staff MORE

    Jun 28, 2013 5:00 AM ET
  • What does it mean when Justice Scalia loses it?

    The indefensibility of the Defense of Marriage Act lays bare the unworkability of the justice's judicial philosophy. Why Scalia doth protest too much.

    By Roger Parloff, senior editor

    FORTUNE -- History will say that the federal Defense of Marriage Act was struck down by a 5-4 vote of the U.S. Supreme Court. But those who read the landmark, gay-rights ruling might see it as more of a 5-3-1 vote.

    Five justices joined MORE

    Jun 27, 2013 1:52 PM ET
  • Why the Supreme Court is wrong on generic drugs

    Its latest decision is based on a faulty premise.

    By Katherine Eban

    FORTUNE -- On the face of it, the U.S. Supreme Court's latest decision on generic drugs makes all the sense in the world. On Monday, in a 5-4 vote, the court ruled that since generic drugmakers are only replicating brand-name drugs that have already been deemed safe by the Food and Drug Administration, patients can't sue to hold them liable MORE

    Jun 27, 2013 5:00 AM ET
  • China's hostage-taking is a relic

    Chinese workers once held CEOs captive because of fears of abandonment. Now they have no excuse.

    By Scott Cendrowski, writer

    FORTUNE -- The news that Chinese workers are holding an American CEO hostage in a Beijing factory has plenty of tabloid drama. The CEO, Charles Starnes of Florida-based Specialty Medical Supplies, conducted television interviews through gated windows as reporters swarmed the Beijing factory where he's been held since last Friday. MORE

    Jun 26, 2013 11:20 AM ET
  • Sequester shmester? The worst is yet to come.

    Just when you thought you'd heard enough about Congressional budget woes, federal employee furloughs -- the biggest spending cuts of the Sequester -- are due to kick in next week and will delay economic growth.

    By Tory Newmyer, writer

    FORTUNE -- Remember the sequester? The blunt, across-the-board cuts to government spending designed to deliver an austerity blast fell out of mind for most Americans back in April when Congress patched MORE

    Jun 26, 2013 5:00 AM ET
  • What Holiday Inn Express can learn from The Daily Show

    Holiday Inn Express is hiring The Daily Show correspondent Jason Jones to make customers laugh.

    FORTUNE -- You may associate Holiday Inn Express with affordable family vacations and all-you-can-eat cinnamon rolls, but lately the hotel chain has been trying to regain relevance with younger travelers. The brand, owned by hotel heavyweight Intercontinental Hotels Group (IHG) has already brought back a humorous ad campaign called "Stay Smart." Originally aired in the late MORE

    Jun 24, 2013 1:23 PM ET
  • An ex-loser is back in the money (Fortune, 1996)

    Editor's note: Every Sunday we publish a favorite story from our magazine archives. This week, we turn to a story from 1996 chronicling the comeback of U.S. businessman Donald Trump. Since 2007, Trump hasn't signed his name to a U.S. real-estate project but that doesn't mean he's lost his appetite for putting his mark on big buildings. This week, the master of self promotion expanded deeper into the international real estate market MORE

    Jun 23, 2013 9:01 AM ET
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  • Wealth: a novel idea

    Money and luxury are back in vogue for popular literary fiction. We take a look at two new novels about wealth—and what they suggest about its pursuit.

    By Daniel Roberts, writer-reporter

    Halfway through Jonathan Dee's 2010 novel The Privileges, the married protagonist Adam Morey, a private equity hotshot, asks a waitress for her phone number. When she looks at his wedding ring, he says, "Oh, this… this comes right off." She writes MORE

    Jun 21, 2013 11:15 AM ET
  • Delta is about to make its problems worse

    Changes to its frequent fliers program are roiling loyalists.

    By Grant Martin

    FORTUNE -- Delta Air Lines has grown rapidly over the past years with deep investments in the New York region, a new partnership with Virgin Atlantic, updated aircraft interiors and a slew of updates to their mileage program. The investments are essential in an ultra-competitive market already crowded with carriers, many with newer technologies like next-generation aircraft and fleet-wide MORE

    Jun 21, 2013 10:35 AM ET
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