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...describe the night he lost it all, a mindset that he associates, pointedly, with “gambling” and not poker-playing. For the pros, the Hawrilenkos and Darkhawks of the world, riding a long smooth curve of expected value and carefully weighed percentages, the adrenaline rush is largely a thing of the past...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Playing for Keeps | 10/22/2009 | See Source »

...don’t sit down at the poker table, and I don’t really feel that rush,” Hawrilenko says. “I find that the more logical you are, the more you try to analyze every situation, and the more you can kind of see the big picture and the long view, the less it feels like gambling.” In fact, some days, Hawrilenko just doesn’t want to play—but he has to, he says, because it supports his very livelihood...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Playing for Keeps | 10/22/2009 | See Source »

...secret that Michigan is enduring the most extreme effects of the nation's economic crisis: its unemployment rate stands at 15.3%, and the state is functioning on a temporary budget as legislators rush to close a $2.8 billion deficit. In recent years, the financial situation here has been so dire that Michigan has closed several detention facilities, reducing its prison population by thousands. Now, however, the state appears to be viewing prisoners in a different economic light - as a potential revenue generator...

Author: /time Magazine | Title: Michigan: Send Us Your Prison Inmates | 10/22/2009 | See Source »

...told the officials that she wasn't going to be open to the idea "unless they could demonstrate this wouldn't put a target on Michigan. It'd be a difficult sell, politically." David Fathi, U.S. program director at Human Rights Watch in Washington, urges caution in the rush of states moving into the business of transporting prisoners. "There's a risk that conditions will deteriorate as corners are cut to make more money," he says. (See TIME's graphic "Detroit: Now a Ghost Town...

Author: /time Magazine | Title: Michigan: Send Us Your Prison Inmates | 10/22/2009 | See Source »

...rates ahead of others could end up attracting money from foreign investors seeking a higher return, potentially draining funds away from economies that are still badly in need of investment. Or if too many governments turn off the stimulus tap too quickly, global demand could fall sharply. "An unruly rush to the exits is no better in a global financial crisis than in a crowded theater," wrote Adam Posen, a member of the Bank of England's Monetary Policy Committee, in the Financial Times in September. (See pictures of retailers that have gone out of business...

Author: /time Magazine | Title: Can the World Agree on a Stimulus Exit Plan? | 10/22/2009 | See Source »

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