Word: bayes
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When Las Vegas Sands threw a party last year to celebrate a milestone in the construction of its gambling resort on the shores of Singapore's Marina Bay, it was a lavish affair. A large white tent was erected on the site, where hundreds of reporters gathered to watch CEO Sheldon Adelson celebrate the roof being laid on the resort's three interlinked towers. As bongo drums pounded, Adelson, 76, turned to the architect of the project to thank him, but not before joking, "Couldn't you have designed it to look as good without the cost...
...prepares to throw open its doors this month. Citigroup estimates that Resorts World Sentosa, slated to open in mid-February and which will include six hotels and a Universal Studios theme park, will have run a construction tab of roughly $4.5 billion. Adelson says his showpiece project on Marina Bay, boasting Singapore's largest hotel and one of Asia's biggest convention spaces, will cost roughly $5.5 billion by the time it's expected to open around April. (Read about Singapore's turning point in the global recession...
...told that the waves have come. And he is ready for Mavericks, the legendary surf contest timed to the optimal moment when winter storms push the Pacific's waters over singular underwater reefs to create enormous and deadly waves off the Northern California coast not far from Half Moon Bay. Like a matador choosing his cape before facing a bull, Banner, a contestant, pauses between two of his sleek surfboards. One is 9 ft. 8 in. and curved like a bow. More maneuverable, it will let him slash his turns across the face of the monstrous 40 ft. waves that...
Surfers speak of Mavericks with awe and dread. The surf break was discovered in the 1970s, when a few intrepid teenage surfers from Half Moon Bay, led by Jeff Clark, thought it might be possible to ride the giant waves without ending up on the rocks. They survived. "It isn't like Hawaii, where you just ride it straight down to the foam. At Mavericks, you have a long ride - over a minute - and you find yourself dancing with the massive power of nature," says Clark, now 52. For years, Clark tried to spread the word that Mavericks existed...
...with a novel idea: the competition would be called at 48 hours' notice and only when the waves topped 20 ft. Once a storm with swells that size was predicted, Clark alerted the 24 best big-wave riders from around the world, and they scrambled to reach Half Moon Bay, better known for its fog and eerie fields of pumpkins. Advertisers figured out swiftly that nothing sells better to the youth market than the heroic (and rebellious) image of a lone surfer eluding an awful pounding by nature at her nastiest. This year's contest is sponsored by, among others...