Word: pokerful
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...offer. The unsecured bondholders are owed $27 billion by GM, and they are being asked to trade that IOU for a 10% equity stake. The UAW's VEBA trust, on the other hand, is trading in a $10.2 billion IOU and getting a 39% equity stake. If these were poker chips, you could say the croupier has arbitrarily decided to value bondholders' chips at 37 cents apiece and the UAW's VEBA chips at $3.90 each...
...likely to self-regulate their betting behavior based on their pattern of wins and losses. Those who are addicted to gambling do not exhibit such control. The study began in February 2005 and observed 3,445 subscribers to BWIN, an Austria-based gaming Web site. The participants’ poker outcomes were analyzed over the course of two years, and the number of chips they bought and sold per session was tallied. The study, which investigated online gambling as “a potential object of addictive behavior,” concluded that the availability of Internet gambling...
...Playing two of the top teams this weekend is just like putting all your poker chips on red at a roulette reel,” Harvard coach David Fish ’72 said. “And if it comes up black, you’re fighting uphill after that...
...crazy / I wish we taped it”—what a relief he did! The party he spends the next four minutes rapping about is a modern day version of National Lampoon’s Delta House, complete with mattresses falling from second floor windows, a strip poker game, and even a grandma shooting a ball out of her mouth to score a winning shot in beer pong. The camera work makes it feel as if I really am watching a video a frat brother made on his handheld. I want to be at this party. I want...
...conducted follow-up interviews with the same children and asked whether any of them had begun gambling. The results were surprising. Although the kids were still a long way from being old enough for Vegas or the track, many admitted that they were already playing bingo, cards, video poker or other video games for money; buying lottery tickets; or placing bets on professional sports...