Word: soccers
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Malaysians are mad about soccer, but if they want to wager a few ringgit on Manchester United or Arsenal, they do so at their own risk: gambling on the beautiful game is illegal in the predominantly Muslim nation. Last year, that situation was headed for change. Earlier this month, news was leaked that tycoon Vincent Tan had been awarded a license to run a national soccer-betting network by outgoing Prime Minister...
...businessmen, which has been popular. In January, for example, he canceled a $3.8 billion railway contract with another tycoon. Tan had paid $6.6 million for the betting license, which officials say will be refunded, and the business was guaranteed to be large: police estimate that illegal betting on soccer already pulls in $1.6 billion a year. Conservative Muslims-Islam forbids gambling-applauded Abdullah's move...
...sent out a mixed message on the issue: Malay-language newspapers, principally read by Muslims, splashed the cancellation across their front pages, while coverage was subdued-or absent-in the urban English- and Chinese-language press, some of whose readers aren't averse to the occasional bet on a soccer match...
Success aside, Nike has had its stumbles. When it began outfitting Chinese professional soccer teams in the mid-1990s, its ill-fitting cleats caused heel sores so painful that Nike had to let its athletes wear Adidas (with black tape over the trademark). In 1997, Nike ramped up production just before the Asian banking crisis killed demand, then flooded the market with cheap shoes, undercutting its own retailers and driving many into the arms of Adidas. Two years later, the company created a $15 Swoosh-bearing canvas sneaker designed for poor Chinese. The "World Shoe" flopped so badly that Nike...
...will be the classic case of the unstoppable force versus the immovable object tomorrow when the Harvard women’s soccer team (6-4-2, 3-1-0 Ivy) travels to Princeton...