Word: stanleys
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...architecturally charming but rundown streets were lined with hookers and occasionally reverberated with gunfire and car bombings from triad gang battles. The gambling business?which contributes 75% of Macau's government's revenue and supports the city's only major industry, tourism?has been the exclusive province of Stanley Ho, an elusive 82-year-old casino-and-property tycoon. His company, Sociedade de Turismo e Divers?es de Macau (STDM), has not kept gaming operations in step with the times. The Lisboa hotel and casino, the flagship of 12 Macau gambling houses owned and operated by Ho, opened...
...only person who seems likely to lose out in the new Macau is former monopolist Ho. "Stanley Ho is going to have to change his thinking," warns Adelson. Maybe. But Ho's daughter, Pansy Ho, an STDM director, is negotiating with MGM Mirage, the world's biggest casino operator, for a possible alliance. Ho is building a second, $250 million Lisboa across the street from the original. And he is also constructing a $140 million amusement park called Fisherman's Wharf, set to open later this year on a pier jutting into Macau's harbor. "We want to show Chinese...
...Street is rumbling that automakers may be saddled with a glut of heavy metal at the precise moment that consumers want more economical cars. "I get a sense that nobody is panicking about this, and that makes me a little nervous," says Steve Girsky, senior automotive analyst at Morgan Stanley. It has happened before. In the 1970s, when gas prices soared, the Big Three were caught flat-footed with large, fuel-hungry cars, allowing Honda, Nissan and Toyota to swoop in and grab market share. If it happens again, the pain will be shared by Japanese manufacturers. Toyota is planning...
Buttenweiser University Professor Stanley H. Hoffmann said that while Harvard’s previous two curricular reviews were founded on clear visions, this...
...prisoner abuse say it is remarkably easy for people to lapse into sadistic behavior when they have complete power over other human beings, especially if they feel the behavior has been sanctioned by an authority figure. In a classic series of studies conducted at Yale in the 1960s, psychologist Stanley Milgram showed that psychologically healthy volunteers did not hesitate to administer what they thought were electric shocks to another human being when instructed to do so by a researcher. Two-thirds followed instructions and kept raising the voltage--right up to levels marked DANGER: SEVERE SHOCK and XXX. Milgram found...