Word: totalizers
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...same to the Vegas big shots. Melco Crown is one of only six companies permitted to run casinos in Macau, the Chinese enclave that has surpassed Las Vegas in total gambling revenue. And Ho, 31, has matched his competitors chip for chip. His first casino-hotel, the Crown Macau, saw few customers when it opened in May 2007. But Melco Crown swiftly closed the gap. Its market share of 16% in the first half of 2008 was just a whisker behind Wynn with 17% and Las Vegas Sands at 21%, according to Citi Investment Research. More impressively, the Crown...
...Eckart von Klaeden, foreign-policy spokesman for Merkel's conservative bloc in parliament, acknowledges that the pressure to go easy on Russia comes not just from the left, but from his German business constituents as well. Germany contributes nearly 40% of total E.U. investment in Russia. "I can understand how they feel their business is threatened," says Von Klaeden. "But they also say that politics should remain in the political sphere and that the two sides should never...
...Sasol, which has a black majority on its board--Davies is the company's only white executive. Former ANC guerrilla leader Max Sisulu once served as group general manager. In March, Sasol announced it was releasing more than $3 billion in shares--or 10% of the company's total value--to Sasol employees, black South Africans and other previously disadvantaged groups. A finance deal will allow buyers to own shares by putting down a small deposit, and since the shares are being sold below market price, they will offer an immediate return. The aim is to create...
What's more, the lean times come in a period when the cost of research has outpaced inflation, so there's a double hit. The NIH has a "pay line" of roughly 14%, meaning it hands out only that percentage of the total money requested. Just 1 in 10 grant proposals it considers "meritorious"--that is, worthy of funding--gets a payout...
...excess damage. The number of flood and storm disasters has gone up 7.4% every year in recent decades, according to the Centre for Research on the Epidemiology of Disasters. (Between 2000 and 2007, the growth was even faster, with an average annual rate of increase of 8.4%.) Of the total 197 million people affected by disasters in 2007, 164 million were affected by floods...