Word: bets
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...Burma has asked people to vote on a constitutional referendum called "discipline-flourishing democracy." It is equally appalling, while people are dying in the wake of the cyclone, to slow the arrival of relief workers. It's too bad Burma has no oil. If it did, I'd bet America and its allies would find a way to solve the problem. John C.M. Lee, Hong Kong...
...would Big Brown run against the Triple Crown champs? If you added up each winner's times in the three big races and projected Big Brown's Belmont time, on the basis of his results in the first two races, he would finish second to Secretariat. You can't bet on that--track conditions vary, for one--but here are the five fastest Triple Crown times and where Big Brown could stack...
...British are all the more exceptional in their willingness to bet big on property. Mortgage debt as a percentage of the country's disposable income stood at 125% in 2006, compared to 103% in the U.S. and 71% in Germany. One reason is that British homeowners came to fervently believe that bricks and mortar almost inevitably reward investors with a juicy return. After all, the FTSE 100 share index of Britain's biggest firms rose just 2.7% in the 10 years to May, while the average house price shot up 178%, according to Nationwide. That increase produced "a massive reservoir...
...world for those who are still sitting on mountainous profits amassed during Britain's years of plenty. But for more recent buyers, now stuck with rising interest payments on ever less valuable houses, there is mounting fear - and a belated realization that property is not a one-way bet, after all. "It's always good to remind people that investing in long-term, expensive assets is a risky business," says Michael Ball, professor of urban and property economics at the University of Reading Business School. The current wobble has "brought a good dose of realism to the market...
Someday soon, when Hillary Clinton exits the Democratic presidential race, Barack Obama will walk onstage and praise her and her husband to the heavens. Publicly, Obama can afford to be magnanimous. But it's a good bet the private Obama feels the way a lot of his supporters do: like sending Ken Starr a fan note. For many Obama activists, Clinton's brass-knuckles campaign confirmed everything they had always suspected about Hillary and her husband: that they're cynical and ruthless, the detritus of an era in which Democrats sold out their ideals to get elected. Obama's backers...