Word: betting
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...wind at their backs for the last few years. Historically low interest rates, the economic rise of China, India, Russia and Brazil, and consistently strong corporate earnings made for heady increases in stock and commodities markets around the world. This has created the illusion that just about any bet - even the risky ones such as sugar futures and Indian pharmaceutical companies - was bound to pay off handsomely. Since May, that optimism has been challenged. Today asset prices are being weighed down by two powerful forces: monetary policy and geopolitical angst. This [an error occurred while processing this directive] spells "risk...
...discovered a way to grow stem-cell lines without the use of animal cells, which could make it easier to find clinical uses in human beings. Bongso achieved those breakthroughs nearly alone, but that would not be the case anymore, thanks to Biopolis, the government's $300 million bet on bioscience...
...early to bet against these sites. The sharpest tool available to prosecutors against online gambling firms is the the U.S. Wire Act, which was conceived in the 1960s, long before the world went digital, and prohibits bets by wire communication. But since a U.S. appeals court ruled in 2002 that the act applied only to sports gambling, poker operators have denied that poker is a sport. (Those taking sports bets argue too that the Internet has changed the rules of the game and claim that the Wire Act is not applicable to such digital wagers...
...victory for supporters. Bush plans to veto the bill later this week, and the Republican-led House, according to House Majority leader John Boehner, will uphold the veto. The doomed bill is more than just another round of conservative vs. moderate battling in the GOP. It is the latest bet in a high-stakes gamble pitting the Republicans' short-term electoral tactics against their long-term strategy of building a permanent majority...
...have been abducted by terrorists, and two remain missing. Sawiris once shut down IraQna for a couple of days to compel the release of some of his employees. Insurgents, he explains, don't like to be without service. And IraQna has turned out to be a relatively safe bet financially compared with Orascom's adventures in Syria and Yemen, where Orascom was muscled out of partnerships in both countries, says Sawiris, with the Arab regimes there affording no protection or legal recourse. That behavior won't cut it much longer, and governments like Egypt's now realize that Arab businesses...