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...Demauro's 154-roll lucky streak, which lasted four hours and 18 minutes, broke the world records for the longest craps roll and the most successive dice rolls without "sevening out." According to Stanford University statistics professor Thomas Cover, the chances of that happening are smaller than getting struck by lightning (one in a million), being hit by an errant ball at a baseball game (one in 1.5 million) or winning the lottery (one in 100 million, depending on the game). (Read "When Gambling Becomes Obsessive...

Author: /time Magazine | Title: Holy Craps! How a Gambling Grandma Broke the Record | 5/29/2009 | See Source »

...Obama asked Rattner to rate the chance that a Fiat deal could be struck, given all the competing interests and Chrysler's extremity. "Fifty-one percent," Rattner answered. "And in my experience, deals get worse, they don't get better" as they take concrete form. On that note, Obama decided to press ahead, sparing Chrysler from the merciless marketplace...

Author: /time Magazine | Title: Government Motors: Can a Reinvention Save GM? | 5/28/2009 | See Source »

...meanwhile, has been asked to take a deal similar to the one struck with Chrysler. Autoworkers would give up some holidays and bonuses. Their wages would not automatically rise in the future as they had in the past. Some 20,000 jobs would be cut, and future hires would earn wages comparable to those paid in Toyota's U.S. factories. When those givebacks are added to an earlier surrender of the notorious "jobs bank" - which paid laid-off autoworkers for doing nothing - clearly the UAW's once heavenly bed has lost much of its fluff. What remains is the VEBA...

Author: /time Magazine | Title: Government Motors: Can a Reinvention Save GM? | 5/28/2009 | See Source »

...when he met her for the first time, Obama, a former law professor, engaged Sotomayor in a lengthy discussion about the court and the Constitution. "What the President told us," an Obama senior adviser said later, "was that he was very struck by her discussion of her approach to judging, how effective she has been in working with her colleagues on the Second Circuit, including colleagues appointed by Republican Presidents, and how her judicial craftsmanship and precision in the law can be effective in bridging ideological differences and producing consensus opinions...

Author: /time Magazine | Title: Sonia Sotomayor: A Justice Like No Other | 5/28/2009 | See Source »

...things that struck me about the book is that it's fairly secular and practical - this is what a 401(k) does, this is how a Roth IRA works. Is this something you aimed for when you were writing it? I think that's right. I've got some religious principles in there that I think are primary - like giving to charity and so forth. The other was [compound interest], a principle that I think underlies all wealth, a principle that Jesus gave: "Unto him who has, more will be given." Like the parable of the Talents. So that comes...

Author: /time Magazine | Title: Pat Robertson, Financial Adviser | 5/27/2009 | See Source »

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