Word: capping
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...gambit worked. In July, according to Citi Investment analysts, Melco Crown may have claimed the largest share of Macau's VIP market. Now Ho's challenge is staying on top. The Macau government has announced that it intends to cap commission rates paid to junket operators as part of a larger effort to bolster regulation of the industry. That could reduce Ho's leverage, but analysts say Amax's financing power still gives him an advantage. "Once you've got the kind of critical mass Ho's got, it will be difficult to dislodge him as a true contender...
...image of a fouled anchor is an official insignia of the U.S. Navy, embossed on jacket buttons and cap badges. As a graduate of the Naval Academy, the son and grandson of admirals, John S. McCain has been contemplating fouled anchors all his life...
...Michael Phelps' success in Beijing [Aug. 25]. But it is not apt to compare Phelps to Mark Spitz and the seven gold medals he earned at the 1972 Munich Olympics. Spitz did not have the advantages of superspeedy pools and lazer-sleek swimsuits. Nor did he wear a streamlined cap to cover his hair. In fact, he swam with a mustache. Spitz won his medals the old-fashioned way. It has taken more than 30 years of technological innovation for anyone to come close to his success. Mark D. Reese, SALT LAKE CITY...
...candy and soft drinks wasn't too far off strategically from the soft-drink and snack-food approach that has served PepsiCo so well. The difference is that Pepsi has Pepsi, not Dr Pepper, as a top brand and an organization that can execute to the last bottle cap. For Cadbury, growing two separate businesses proved an insurmountable task, undone by bad execution, bad luck and the weird actors who dominate candyland--the secretive, privately held Mars Inc. and the stumbling, publicly held Hershey Co., which is controlled, ineptly, by the Hershey Trust...
...success in Beijing [Aug. 25]. But it is not apt to compare Phelps with Mark Spitz and the seven gold medals Spitz earned at the 1972 Munich Olympics. Spitz did not have the technological advantages of superspeedy pools and laser-sleek swimsuits. Nor did Spitz wear a streamlined swimming cap to cover his hair. In fact, he swam those events with a mustache. Spitz won his medals the old-fashioned way. It has taken more than 30 years of innovation and technology for anyone to come close to his Olympic success. Mark D. Reese, SALT LAKE CITY...