Word: agee
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...Begleiter's longtime employer, the investment house Bear Stearns, collapsed in the financial panic last year. He embodies a new breed of recreational player with keen math and risk skills honed at day jobs and attracted by poker's rising stakes. (See how to plan for retirement at any age...
This was Cada's first full year being age eligible in Vegas, and he ended up bringing a mountain of chips to the heads-up finale in front of a large and raucous crowd that had waited in line up to six hours: $136 million in chips to Moon's $59 million. He had survived numerous flings with elimination to get that far, at one point running dead last at the table of nine. "He looked like he was about to cry," says Jonathan Little, a poker pro who had a table-side seat. But Cada inched back with...
...Party Fund grants for alcoholic beverages made many students think Harvard would never again foot the bill for fun. The current UC, however, has taken steps to change this with the new Student Initiated Programming Fund. Introduced last semester, the SIP Fund will allow upperclassmen of legal drinking age to apply for retroactive grants of $200 for student events—which can be parties—in House common spaces...
...Fund money is used are required to refrain from drinking themselves. While it is likely that there will be many sober attendees at most parties, it is now guaranteed that there will be at least one. Conceivably, the host will work to ensure that those who drink are of age and that the party does not get out of hand...
Finally, only one third of SIP grants can be spent on beer or wine, reflecting the proportion of students who are of legal drinking age. This encourages hosts to devote money to non-alcoholic drinks and food, which is precisely what the Office of Alcohol and Other Drug Services and other health professionals recommend in order to ensure that casual alcohol consumption does not turn into unhealthful binge drinking...