Word: masses
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Dates: during 2000-2009
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...reaching set of equations on the interaction of subatomic particles that is the closest that modern physics comes to a testable "theory of everything." For example, scientists believe the LHC will produce a particle, the Higgs Boson, that will end debate over how matter in the universe acquires mass. It could even provide evidence for more ambitious theories of the universe, such as string theory, which unites quantum mechanics and general relativity, the previously known laws of the small and large that are currently incompatible in the Standard Model...
...Rookie mistakes, perhaps. Ho admits the company "got a little too greedy" by rushing the opening and by targeting mass-market customers. Crown's managers believed all they'd have to do was set up shop to see a rush of gamblers. But with a growing number of casinos in Macau, success was no longer so automatic. "In an all-out competitive environment, it's really a game of inches," Ho says. "Management didn't adapt for the local market." Unlike in Vegas, where casinos are filled by average Joes pumping coins into slot machines, high rollers account for some...
...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 in Macau," says Anil Daswani, Citi's head of gaming research in Hong Kong. Ho "has invented a product that will be difficult to replicate...
...Located on Macau's Cotai Strip, the resort presents a whole new challenge for Ho. He'll have to compete head to head for mass-market gamblers with Adelson's Venetian, situated right across the street. Adelson, too, is bringing even more options to Cotai, including a Four Seasons hotel, which opened in late August. "In the beginning, [City of Dreams] may have a tough time," says Gabriel Chan, a gaming analyst at Credit Suisse in Hong Kong. Ho, though, says he isn't worried. "Unlike some of our competitors who have cookie-cutter projects from the U.S., my vision...
...used to benefit other disadvantaged groups, such as women and the handicapped. There is still a place for affirmative action if those who benefit are as qualified as other applicants. We must continue to extend the helping hand of compensatory justice to those who deserve it. Harvey Fenigsohn, Worcester, Mass...