Word: bets
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Dates: during 2000-2009
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Over the last month, Kenya was gripped by the kind of fever usually seen only when a Mega Millions lottery jackpot creeps past the $100 million range. In the aftermath of the country's violent political spasm, the mania was perceived as a sure bet on prosperity: the initial public offering of East Africa's most profitable company, the mobile phone service provider Safaricom...
...bold bet. Right now there is no price set on those rain-forest services, because no market exists to price them. Canopy Capital isn't buying land, and it is essentially paying the Iwokrama reserve for a good that it can't really trade. That sounds an awful lot like philanthropy, but Mitchell and Philipson insist this is capitalism. For now, Canopy will pay simply to protect Iwokrama's ecosystem services, but in the future it's wagering that the world will get desperate enough to limit climate change - and deforestation - that it will pay Canopy for its stake...
...long time, mostly in the form of dietary supplements. They're also found naturally in foods like yogurt, buttermilk, sauerkraut and tofu. Recently, however, the Dannon Co. has been making a marketing splash with a yogurt line named Activia, which is fortified with extra bacteria. So far, this bet seems to be paying off, with more than $100 million in sales in the product's first year in the U.S. alone. Other companies are coming forward with probiotic yogurt drinks and fortified beverages, which are also finding a market. There is a fair body of science suggesting that some consumers...
...Ford again had its checkbook out, paying $2.7 billion for Land Rover, another luxury British carmaker that had run into some rough road. It also invested many billions more trying to turn both companies around, mainly by upgrading aging plants and developing new product lines. It was a big bet, and it didn...
Last November, the Physicians for Human Rights petitioned the Israeli High Court to rule on Shin Bet's "coercion" of Palestinians seeking medical care, but in January the court closed the file without a ruling. "What we're seeing is that the High Court is willing to intervene less and less in security cases," says Weingarten, who explained that was why the court had refused to rule on their petition. Shin Bet refused to comment on the case...