Input: New Legitimacy: Organized crime was soon to have a formidable adversary in its bid to control Las Vegascorporate cash. Though Las Vegas had developed a powerful local economy, few major outside investments were made in the city, due primarily to mob infiltration and its inherent ties to illegal activities. That would change dramatically with the 1966 arrival of billionaire Howard Hughes. A legitimate businessman, Hughes was nonetheless eccentric and dramatic, a style suited to the Las Vegas ethos. True to the myth, the reclusive Hughes immediately cloistered himself in the Desert Inn's penthouse. Several weeks later he was askedthen orderedto vacate the room to make room for high rollers, whereupon he promptly bought the property and fired the management. Thus began Hughes' legendary three-year, $300-million Las Vegas buying spree. When it was over, Hughes owned six casinos, an airport, and an airline, along with numerous plots of land stretching from the Strip to the mountains. Hughes' actions would have beneficial repercussions, both immediate and lasting. Because of the new legitimacy Las Vegas acquired from Hughes' investments, established companies such as Hilton Hotels bought into the gaming business, and their influence helped draw a line in the desert sand between legitimate operations and mob casinos, where illegal skimming of profits was rampant. That, combined with the formation of the Nevada Gaming Control Board, would signal the beginning of the end for heavy mob influence in the city. Las Vegas with a Vision As corporations moved in and the mob was slowly pushed out, a new Las Vegas emerged. The legitimization of gambling led to its increased legalization across the US. What was once a sure thing became much more competitive. Casino operators had to reassess the nature of their business. The first to really do so was Steve Wynn, a Las Vegas resident and owner of the Golden Nugget. In the mid-1980s, Wynn began plans to reinvigorate Las Vegas with a new resort. He bought several Strip propertiesthe Silver Slipper and Castaways among themand demolished them to make way for a new kind of resortMirage which became an instant success.
"What signified the ending of heavy mob influence in Las Vegas?" is "Legitimate investors and businesses entering the market"?
Output: yes
Input: Peace and Prosperity: After years of government propaganda predicting the worst atrocities, most Japanese civilians were surprised at the warmth and friendliness of the occupying forces. The postwar period began, however, with millions of displaced people homeless and starving. To counter a perceived communist threat from the Soviet Union, the US quickly set to work reconstructing the economy by transforming Japan's institutions and devising a new pacifist constitution. Article 9 renounced Japan's right to maintain armed forces, although the ambiguous wording was later taken to permit the creati on of a "self-defense" force. The zaibatsu conglomerates that had proved so instrumental in boosting Japan's militarism were disbanded, later to re-emerge as the keiretsu trading conglomerates that dominated the economy once again. The entire economy received a massive jump-start with the outbreak of the Korean War, with Japan ironically becoming the chief local supplier for an army it had battled so furiously just a few years earlier. The occupation lasted until 1952, having already planted the seeds for Japan's future stunning economic success. Economic output was back to prewar levels, and British auto companies provided the support needed to get Japan's auto industry back on its feet. Japanese companies then enthusiastically imported any Western technologies they could get their hands on. This included transistor technologyinvented in the US but then considered to have only limited applicationsfor the surreal sum of $25,000. It was Japan that produced the world's first transistor radio. The electronic technology spurt that followed is now legendary. Parliamentary democracy finally came into its own, albeit with distinctly Japanese characteristics reflecting the dislike of debate and confrontation and the group-oriented preference for maintaining the appearance of harmony at all times. The government, through the powerful Finance Ministry and Ministry of International Trade and Industry, generously supported favored private corporations: first shipping, then cars, then electronics firms basked in the warmth of the government's loving attentions. Japan overtook Britain economically in 1964. By the end of the decade, Japan's was the third largest economy in the worldless then two decades after the war had left the country in ruins. Prosperity was not without its own problems: pollution caused by "dirty" industries, a high incidence of stomach ulcers (even suicides) among schoolchildren pressured by over-ambitious parents, and the awkward questions of what to do about nuclear energy. The famous coziness among politicians, bureaucrats, and private companies, together with the strong cultural emphasis on relationship-building and a lack of transparency and accountability, eventually led to corrupt practices of endemic proportions.
"How long after the occupation ended did it take for Japan to overtake Britain economically?" is "Before 1964"?
Output: no
Input: First of America Bank Corp. said it completed its acquisition of Midwest Financial Group Inc. for about $250 million. First of America, which now has 45 banks and $12.5 billion in assets, announced an agreement to acquire the Peoria, Ill., bank holding company in January. Midwest Financial has $2.3 billion in assets and eight banks. The Midwest Financial subsidiary banks will continue to operate under their current names until early 1990, when each will adopt the First of America name. Kalamazoo, Mich.-based First of America said it will eliminate the 13 management positions of the former Midwest Financial parent company. First of America said some of the managers will take other jobs with First of America. But it said that severance payments to those executives not staying with the company will reduce First of America's operating results for 1989 by $3 million to $4 million, or 15 cents to 20 cents a share.
"Why will The Midwest Financial Adopt a new name" is "Since it reduces operating results by $ 3 to 4 million"?
Output:
no