Word: gamblingã
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Lewis largely blames the seven-person board and former President Larry Summers for Harvard’s current financial crisis—noting that the Corporation lost $3 billion by “gambling?? with operating cash and making bad bets on interest rates, in addition to another $11 billion lost from the endowment. He writes about the Corporation’s notorious secretiveness (“Their meetings and agendas are unannounced, their decisions unreported”) and seeming invulnerability (“[They] serve for life if they wish and cannot be unseated by anyone except...
...When your gut tells you that it’s something to be stigmatized, it comes from somewhere—historically, it comes from gambling??s perceived threat on the moral order of the day,” says Bo J. Bernhard ’95, associate professor of sociology at the University of Las Vegas and director of gambling research. “You were supposed to gradually save up your money and put it away for a rainy day, but gambling comes along and promises something for nothing. You don’t have to save...
Taken to a more extreme level, it’s a pattern of behavior that calls to mind the drug-user analogy that Darkhawk made as he searched for a way to describe the night he lost it all, a mindset that he associates, pointedly, with “gambling?? and not poker-playing. For the pros, the Hawrilenkos and Darkhawks of the world, riding a long smooth curve of expected value and carefully weighed percentages, the adrenaline rush is largely a thing of the past...
...students interviewed also had in common another sign of pathological gambling??a “need to increase the amount of wages.” Other signs can include “preoccupation with past, present, and future gambling experiences,” “becoming restless or irritable when trying to cut back or stop,” “trying to recoup immediately after losing money,” “lying about gambling,” and “gambling to escape from everyday problems.” According...
...were alcohol consumption and gambling. While most people look forward to their 21st birthday as the day they will finally be able to drink (legally), the gambling age has received little scrutiny. A search on LexisNexis of the “major papers” for “gambling?? and “21” in the past year returned no results that related to the age limit. It seems that while gambling is under scrutiny as a whole, the terms under which it occurs are not. It is ironic and hypocritical that the gambling...