Word: ownership
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...That's because thoroughbred ownership has become easier for ordinary investors due to the proliferation of risk-sharing joint ventures called syndicates. The proposition is simple: syndicates allow up to 50 people to pool their money and collectively purchase, maintain and race thoroughbreds, and to share in the winnings. In the U.K., the British Horseracing Authority hopes such schemes will expand the sport's middle-class base. A few hundred pounds can give enthusiasts an insider's privileges, landing them not only a stake in a horse, but also access to the paddock, pre-race chats with trainers and jockeys...
...this, Sheffield means that he is opposed to the government regulating the individual rights and welfare of the people, but he definitely does not support the typically libertarian view point that people are responsible for their own well-being. Sheffield calls this the “self-ownership axiom,” but he adamantly believes that the way to raise people out of economic despondency is not through redistribution, but through work by individuals as a community to help the community. This humanitarian view is shared by many members of the club...
...criticism of this self-ownership point is that that’s not how things really work,” says Sheffield, chewing on his pen and handling a giant coffee mug. “People don’t live in a vacuum. When people have been systematically taught that rights violation is OK, I don’t think that this whole idea of self-ownership applies...
...energy and finance ministries. South Sudanese officials say that they are not involved in either the production or marketing of the oil, much less the calculation of how much their share of the petroleum pie should be. (Oil accounts for 95% of Juba's income.) Equally problematic is the ownership of Abyei, an oil-rich region caught between the north and south...
...over a share in the popular social networking site. Mark E. Zuckerberg, formerly of the Class of 2006, founded Facebook in 2004 with $1,000 in start-up money and dropped out of Harvard his junior year to run the company full-time. He currently maintains 20 percent ownership of the company, giving him a theoretical net worth of $3 billion. After founding Facebook, Zuckerberg strove to maintain the site’s independence, saying he was not looking for investors. “I would just rather be dependent on ourselves,” Zuckerberg told The Crimson...