Mitt Romney is campaigning as a businessman who knows how to turn the economy around — a skill he says he learned during his time turning companies around, as president of the private equity firm Bain Capital.
So today, we're going to take a look at two deals that Bain did while Mitt Romney was heading the firm. This afternoon, we'll tell the story of one of Bain's successes.
At the Charles Aidikoff Screening Room on Rodeo Drive, filmmakers can screen their works in progress for an invite-only audience in the small, 57-seat theater. The screening room is also rented to show films to members of the Academy and the press.
Credit Thaddeus Bridwell / Charles Aidikoff Screening Room
Charles Aidikoff, 97, learned the art of projection from his father, who ran silent movies in a Coney Island theater in the early 1900s. Aidikoff's grandson Josh carries on the family tradition — he became manager of the screening room at age 19.
Josh Aidikoff mastered the complicated business of running film projectors when he was still in his teens. Now, the Aidikoff Screening Room has a digital projector, too, and Josh predicts that in a few years he won't be handling film at all.
Before they made it to the Oscars, the nominated films — not to mention all the films that didn't make the cut — were viewed by some 6,000 members of the Academy of Motion Picture Arts and Sciences. Many of those movies were shown in small, private, rented screening rooms all over Hollywood.
The studios have their own screening rooms, of course, but often directors want a more private place to screen works in progress — with no studio suits in sight.
Pedro Jimenez and three of his kids, in the living room of their East Oakland, Calif., apartment. JPMorgan Chase hasn't hired a management company to fix the shattered window panes or make other repairs.
Across the country, big banks and other large investors are buying up tens of thousands of foreclosed rental properties. They're not always model landlords, according to tenants and regulators. Some banks are failing to follow local and state housing codes, leaving tenants to live in squalor — without even a number to call in the most dire situations.
The U.S. Supreme Court took up the subject of lying on Wednesday.
Specifically at issue was the constitutionality of a 2006 law that makes it a crime to lie about having received a military medal. But the questions posed by the justices ranged far beyond that — from advertising puffery to dating lies.
That's a 12.76-carat pink diamond that was found at Rio Tinto's Argyle diamond mine in Western Australia. The mine said it is the biggest of its kind found in the country, which is a big deal because that mine produces 90 percent of the global market diamond supply.
Since we introduced you to AeroShot, a product the delivers a blast of caffeine through an inhaler, a few months back, it seems a lot of folks — mostly around college campuses in New York and Boston — have tried the quick pick-me-up.
Sony launched the PlayStation Vita, its first hand-held gaming device in seven years, Wednesday. Vita, of course, is the Latin word for "life." And after suffering a series of tough blows — from the Japanese earthquake and tsunami to a relentlessly strong yen and a significant hacking attack — a bit of new life is just what the struggling company needs.
The Vita went on sale at a Best Buy in Los Angeles Wednesday morning. Despite the company's $50 million marketing campaign, only about a dozen gamers were on hand.
The Supreme Court engaged in a lively debate Wednesday when it heard oral arguments in a case testing whether the 2006 Stolen Valor Act is constitutional. The law makes it a crime to lie about military honors.
The Supreme Court has officially declined to decide one of its bigger cases of the term: whether or not doctors, hospitals and other health care providers can sue a state to challenge cuts in the Medicaid health program for the poor.
At the groundbreaking on the National Mall on Wednesday, President Obama said the newest Smithsonian museum has been has "a long time coming" and will serve "not just as a record of tragedy, but as a celebration of life." The National Museum of African American History and Culture is expected to open in 2015.