Word: bets
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Dates: during 2000-2009
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...very, very few Internet betting companies that have never taken a bet out of the U.S., and that's because our view has always been it is illegal, which it clearly is now, and so long as it's illegal, we're not going to do it. That's a long-term strategy. Clearly some people made good money out of taking bets out of the U.S. in the short term, [and] have now found themselves in trouble with the authorities. Gambling should be regulated, we're very comfortable with that. There are things that need to be safeguarded...
...Clinton in the White House. "It's far-fetched that he will be allowed to become President," Mashaee insisted. Pressed to elaborate, Ahmadinejad's deputy declined to specify whether it was because of Obama's race or other factors. He just laughed and exclaimed, "Let's make a bet...
...Sandor, who began his career as an economics professor at University of California, Berkeley, made his name pioneering the development of financial futures at the Chicago Board of Trade in the 1970s, an accomplishment that gave him a reputation for seeing value where others couldn't. (Financial futures effectively bet on shifting interest rates, allowing traders to hedge the risk of interest rate changes.) That experience made him confident in challenging financial orthodoxy. "I was tossed out of banks across America," says Sandor. "They said interest rates wouldn't change, that financial futures were pointless." They were wrong - financial futures...
...Olympics," says Donald Straszheim, chairman of the research firm Straszheim Global Advisors. So a few years from now, when punters are urging you to buy shares in the U.K. simply because London will be hosting the 2012 Summer Games, remind them what happened the last time investors tried to bet on gold, silver and bronze. The Olympics effect is mostly in your head...
...failings—never minding that they openly scorned the viewers in the first place. It’s probably the excuse they offered to the “Jezebel James” cast and crew before they cut them down for good. Somehow, I’ll bet, it wasn’t too comforting.—Columnist Allie T. Pape can be reached at pape@fas.harvard.edu...