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Unlike the majority of its online rivals that have set up shop in jurisdictions such as Gibraltar or the Isle of Man, Betfair is based on mainland Britain. And unlike most competitors, it won't accept bets from places where online wagering is illegal, including the U.S. Indeed, it doesn't actually book bets; rather, it matches up bettors, for a fee. The strategy has won it plaudits at home, including an award for enterprise from Queen Elizabeth. And it enabled the company to attract Goldman Sachs and Morgan Stanley as financial advisers--a coup, given the nervousness...

Author: /time Magazine | Title: Investing: Good Sports | 11/20/2005 | See Source »

...political and economic stability, and use of new technologies. Efforts to blame U.S. cotton farmers for West Africa's woes "are misleading and misrepresent the forces at work in world fiber markets," says National Cotton Council (NCC) vice chairman Allen Helms Jr. The NCC says it is prepared to accept subsidy cuts only if other sectors also take a hit--and if the WTO examines support for man-made fibers. "We will oppose any agreement that singles out cotton for unfair, special treatment," Helms told a Senate committee...

Author: /time Magazine | Title: The Farm Fight | 11/20/2005 | See Source »

Nouhoum Sissoko, 40, mayor of Marka Coungo and the biggest cotton producer in the district, says the pressure to accept lower prices every year is relentless. "The [Malian] government told us the low prices are because of the World Bank and the International Monetary Fund. Such partners are making pressure on government, and the government is putting pressure on us," he says, sitting in a thatched meeting room next to the mayor's office. Later, on a tour of his 54 acres planted in cotton, he laughs deeply when told of the subsidies and guarantees American cotton farmers enjoy...

Author: /time Magazine | Title: The Farm Fight | 11/20/2005 | See Source »

Such is the twisted hierarchy we are expected to accept, lowly students that we are. And we are expected to accept it under the false pretense that these decisions can actually be made devoid of values and human assumptions. That they are therefore best left to the experts on high, unencumbered by the moral commitments which plague the rest...

Author: By Michael Gould-wartofsky | Title: Feeling Undervalued? | 11/16/2005 | See Source »

...inability to embrace humanity in another. Food is also symbolically important. There have been many times when I’ve been offered a plate of food in which I was sure that if I ate it, I would get some kind of severe disease. But I always accept it and eat the food anyway. You can always treat a disease, but you can never rebuild that trust again. FM: Did Wes Craven personally contact you when Universal decided to make a motion picture out of your book, “Serpent and the Rainbow”? WD: What happened...

Author: By Michelle Cerulli, | Title: When The Red Phones Rings | 11/16/2005 | See Source »

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