Word: betting
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...Although some might view the demise of racetrack betting as a victory for virtue, in Hong Kong the decline of an institution as influential as the HKJC would be a financial blow felt by the entire city. It's no secret that Hong Kong, a city of 6.8 million, is full of avid gamblers. The $8.3 billion they bet on the ponies last year was only slightly less than the horse-racing wagers of France. A gambling tax in Hong Kong contributes significantly to government coffers. The HKJC is the city's largest single taxpayer, accounting for 11.5% of total...
...dollar's decline. China's sidewalk banks-illegal but tolerated money changers-are doing a land-office business swapping dollars for renminbi (RMB), the Chinese currency, because canny Chinese now think that the RMB is a "safer" currency than the greenback. They are making the same "one-way bet" as currency traders all over the world, who calculate that the only way in which the record U.S. trade deficit can be brought under control is if the dollar declines, hence making American exports relatively cheaper in foreign markets and, say, Chinese imports relatively more expensive at your local Wal-Mart...
...them, that is, except the experts. If you were to follow the legal debate on copyright law (and I’m going to bet that you don’t), no matter which side you latched on to you’d be convinced the creative apocalypse was near. Academic legal scholars such as the fellows at Harvard Law School’s Berkman Center for the Internet and Society are quick to caution that with extensions of the length of copyright and with legislative grants of additional powers that undermine the already weak fair use doctrine, the ability...
...party while we still can, because it’ll all be over soon” attitude, but somehow I doubt that. I think it’s deeper. During the Napster lawsuits in the late 90’s I made a $20 bet with my father that 18 months later, people would still be able to download copyrighted music easily and freely on the Internet. I won, and now it’s been something like four or five years, and the pirates are stronger than they’ve ever been...
...have women.” He informed her that the Harvard faculty could never have a woman join its ranks. Carey, more than a little offended, just rolled her eyes and held her tongue. “I didn’t say, ‘You wanna bet...