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...short term. The firm likes to style itself as the eBay of online gambling because it enables people to place bets against one another. That has proved to be a recipe for growth: revenues almost doubled last year to $187 million, and more than 3 million bets per day now pass through the firm. But its profit margins are far lower than those of rival PartyGaming, for example, and its board recently decided against a public stock offering anytime soon...
...biggest problem Diarra faces, though, isn't environmental or even in Africa. It is 5,000 miles away: the $3 billion or more the U.S. pays its 25,000 cotton farmers in subsidies every year. Washington uses taxpayer money to guarantee American farmers a price--currently about 72¢ per lb.--whether it rains or bakes and no matter what happens on the world market. By contrast, in 2003, when Mali's cotton farmers earned 42¢ per lb., Diarra says he made a profit of $480, which he used to buy four cows and send his children to school...
...world of perfect Ricardian economics, West African cotton growers would be thriving. That's because they can produce and trade high-quality cotton more cheaply than just about anyone--for about 31¢ per lb., compared with 68¢ per...
...would ever equate with gritty urban strife. But if it took this month's fury to alert France to the unemployment, economic deprivation, racial segregation, and social exclusion felt in its banlieues, everyone in Blois seemed fully aware of the problem. "We have the second largest housing project population-per-total municipal population in France," comments Willy Spitz, president of the "Quartier Proximit?" association, whose 16 members pair off each night to patrol Blois's projects to defuse conflict situations. Roughly 18,000 of Blois's 51,000 total population reside in its 150 hectare "northern section" of projects, notes...
...stick without much carrot. "We live in a tough and mean world: you need cops, you need security," says Ouzaanik of the frequent ID checks and rousts the often ethnic Arab and black project residents are subjected to by police. "But I'm talking about getting searched three times per week - usually by the same cops, who remember you, but figure they'll remind you who is boss all the same. Of course it's racist. Of course people get mad. Wouldn...