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...Britons Andrew "Bert" Black and Edward Wray, the London-based online betting exchange has since grown into the world's largest. Rather than play house, Betfair matches bettors with odds offered by other users, its whizzy technology handling some 300 wagers a second. The small cut the firm takes from the bettors' winnings these days adds up to big profits: Betfair pocketed $39 million in net earnings last year. And in refusing wagers from the U.S. - where online gambling is outlawed - Betfair has dodged a recent clampdown on rival Internet operators. Here is their story, as told to TIME...
...forget that, once we graduate, the seasons will be things we glimpse in passing through our neighbor’s cubicle window. Of course, when we are thrust into the pell-mell melee that is the corporate world, that internship we had at a reputable firm with an ampersand in its title will look nice on our resume. But is this the best use of our time?To some extent, we have convinced ourselves that it is. In his book Bobos in Paradise, columnist David Brooks makes the case that for the current generation of “Bourgeois Bohemians...
...lackluster performance on Friday, winning 6-3, 6-4 in what was, remarkably, the Crimson’s longest singles match of the day. Meanwhile, Ermakov at No. 4 went down 3-0 in the first set but then rebounded and won seven straight sets to put himself on firm footing for the 6-3, 6-2 victory.Kumar won 6-2, 6-4 at No. 1 and Clayton won 6-3, 6-1 at No. 2.HARVARD 5, YALE 2Despite the blemish in the score, Harvard’s performance against Yale on Friday showed that the team was ready...
...perhaps a virtual fence underwater? British defence firm QinetiQ has adapted its military underwater sonar system, Cerberus, into the private yacht market. It creates an underwater acoustic perimeter around a vessel that triggers an alert when broken. It "would identify an underwater swimmer, scuba diver or vehicle coming in under the water," said a company spokesman...
...could send robot snoops like the Sentry, a jet ski-sized remote-controlled scout also developed by QinetiQ. For those who want to send out a stronger deterrent message, there's the "Protector," a 30-foot unmanned surface vessel developed by BAE Systems, Lockheed Martin and an Israeli defence firm. In its military configuration, the Protector is equipped with a 7.62mm remote-controlled machine gun, enough to give most pirates pause. It could be used for commercial protection to investigate and intercept boats up to 10 miles away...