Word: poker
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...expedition turned into a disaster. In bad weather two of the team, including Thomassen, fell off an ice wall to their deaths. Brabeck survived because he had returned to base camp the day before the tragedy: there had been only enough food for two, and he lost the poker game that had decided which of the three would turn back. The experience changed his life and continues to influence his management. "When you lose your best friends in such an expedition," he says, "it makes you more aware of the relativity of the risks but also of the relativity...
...gold dust, but at root the dotcom millionaires of the late 1990s are not so very different from their mining ancestors. The metaphor of all wealth production is gambling, and Australians are among the most shamefully obsessed gamblers in the world. We have 20 times as many "pokies"--poker machines--per person as Americans. Our styles of wealth production enforce the belief that superiority is luck and only luck: no moral lessons apply. The Puritan impulse toward social responsibility that created the American system of educational, cultural and scientific philanthropy hardly exists in Australia...
...Treatment programs can help. When computerized poker and slot machines were introduced to New Zealand in 1988, gaming operators provided funding for a national gambling hotline, counseling centers, public-awareness campaigns and research. As a result, gambling addiction rates fell from 7% in 1991 to 3% in 1999. Gambling "is a lot like a ski slope," says Bo Bernhard, director of gambling research at the University of Nevada, Las Vegas. "A bunch of people race down and have a wonderful time, but inevitably, you'll have a proportion that falls. You have to have a hospital at the bottom...
Bloch was one of about 80 players who attended the first ever "DC Fly In," sponsored by the Poker Players Alliance, which boasts 800,000 members, has former New York Senator Al D'Amato as its chairman and distributes papers and articles that explain in some detail why "poker is good for you." This year alone the Alliance has anted up nearly half a million dollars in campaign contributions. Most of the players who came to town want Congress to license and regulate companies that host poker games online--a move, they note, that would actually raise money...
...walking the halls. At one table they held a clinic for beginners. At another they staged a no-limit Texas Hold-'em shoot-out while fans watched and some lawmakers joined in. "It was just with play chips," said Bloch. "But then, whenever I'm at a poker table, all the chips are play chips...