Word: slotting
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Dates: during 2000-2009
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...Higher yields usually mean riskier investments - more commercial paper, say, as opposed to Treasuries. Last Friday, before the Lehman implosion, Reserve Primary Fund was the second highest-yielding fund of the 100 largest tracked by Crane Data. For months before that, it was in the No. 1 slot. "You want to act like the smart caribous and stand in the middle of the pack," says Crane. And, of course, make sure your fund is at a big firm that has the wherewithal to back it up, should it come to that...
...Amherst radio station and got the job. She served as morning host on Northampton's WRSI for two years until the Air America start-up in March 2004. For a year she co-hosted the mid-morning Unfiltered, then filled the milkman's 5 to 6 a.m. slot, got promoted to a two-hour show starting at 7 a.m., and finally made it to dinnertime last year...
...growing number of casinos in Macau, success was no longer so automatic. "In an all-out competitive environment, it's really a game of inches," Ho says. "Management didn't adapt for the local market." Unlike in Vegas, where casinos are filled by average Joes pumping coins into slot machines, high rollers account for some 70% of the gaming revenues in Macau. Realizing the mistake a few months after the Crown's opening, Ho decided to instead go after wealthy gamblers by positioning the casino as a haven for high rollers...
...Melco Crown ripped out slot machines and low-end gaming tables and expanded its VIP casino. But more importantly, Ho outmaneuvered his competitors by coming up with an unusual arrangement to ensure a steady flow of big fish. Macau casinos attract most of their wealthy clientele by working with junket operators, companies that function like specialized travel agencies. By maintaining close ties to high-end gamblers and often providing them with credit to bet, junket operators funnel traffic to the casinos, which pay them commissions. Macau has scores of independent junket operators, making business unpredictable. Ho figured...
...speech, capping the first night of the hurricane-delayed proceedings, was Exhibit A. Who would have predicted eight years ago, when Lieberman basked in the cheers of thousands of Democrats after accepting their nomination as vice-president, that the GOP would one day offer him a prime time slot instead of George W. Bush...