Mark Johnston says it’s not his fault that he blew $500,000 gambling while he was blind drunk. It’s the latest foolhardy case against the houses that never seem to lose.
It is arguably the most effective business model in history: Serving customers free alcohol in an effort to remove them from reality. And nobody does it better than Vegas, baby…Vegas.For those few of you who haven’t visited a casino, the process at, say, a blackjack table goes something like this: Sit down at a minimum wage table of your choosing ($2, $5, $15, $50, $100, whatever…) and throw hard cash on the table. The dealer quickly turns that cash into chips, which—like spending with a credit card—suddenly feels less real when making a transaction or in this case… losing a hand.
Hailed as a perfect answer to the evils of fiat money, the virtual currency has come crashing down because the invisible hand is paralyzed without government.
The curtain is being revealed to show that there isn’t that much behind it. The Bitcoin exchange, Mt. Gox, which started life as a place to trade cards from a fantasy game, was hacked. After intruders made off with about $500 million worth of Bitcoin, about 7 percent of the total outstanding, Mt. Gox filed for bankruptcy. Flexcoin, a smaller exchange based in Canada, also shuttered after robbers made off with its inventory. Last November, the Feds shut down Silk Road, an online marketplace for drugs and other illicit activities where Bitcoin was commonly used.
Larry King is under pressure to withdraw his show from broadcast on RT America. He tells The Daily Beast exclusively that as long as criticism of Putin is aired unedited in his shows he has “no problem.”
Broadcast icon Larry King has a dilemma, and he may not even know it.Former RT America anchor Liz Wahl quit the Kremlin-backed television outlet in a blaze of glory Wednesday night, claiming her ex-employers are little more than propagandists who regularly censor criticism of Russian President Vladimir Putin, especially in the midst of the crisis in Ukraine.But, in an exclusive interview with The Daily Beast on Thursday, the day after Wahl’s on-air resignation, King said he has no problem appearing on the pro-Russian government network.
A cacophony of protests from commentators and consumers greeted the proposed $45.2 billion marriage of the nation’s two largest cable companies. Will it really increase choice for the consumer, or take it away?
To a casual observer, the proposed $45.2 billion marriage of the nation’s two largest cable companies, Comcast and Time Warner Cable, might appear so problematic that it will never get to the altar.And yet the odds—not to mention the overwhelming political power of these two corporate behemoths—strongly favor a consummation.Since the engagement was announced last month, along with a scheme to merge 30 million subscribers comprising nearly a third of the U.
Mitt Romney’s old running mate rips liberals over income inequality, saying they want to hook people on welfare.
Paul Ryan strut out onto the stage at CPAC like a football hero, immediately sending the adoring crowd into fits of laughter despite not having said anything particularly amusing. Two years after he lost his bid to be vice president, Ryan said, there were a lot of reasons to be optimistic.Ryan hit the left for focusing on income inequality. "[What that] really shows is that [the left] is out of ideas... They have spent five long years in power and all they have to show for it is this lousy website.
Close to a hundred students marched on Northwestern’s campus Tuesday with mouths taped shut in protest of the employment of a teacher accused of sexually assaulting a freshman two years ago.
With mouths taped shut they marched.Nearly one hundred Northwestern University students, all descending on the classroom of Professor Peter Ludlow Tuesday with one mission: to protest his continued employment two years after he allegedly sexually assaulted a freshman. The students were resolute but by no means solemn. Undeterred by the crippling polar vortex that's left heaps of snow lying unceremoniously at every turn. Before the sit-in, which was to take place in Ludlow’s classroom, a well-lit lecture hall in the basement of the University’s Harris Hall, the professor canceled the “Philosophy of Psychology” class, preemptively refusing to face the scrutiny of the Northwestern community.
Forbes published its annual billionaire list, whose ranks continue to grow even as the American middle and working classes are poorer than ever thanks to stagnating worker wages.
There are a record number of women on the Forbes billionaire list this year — 172 or a 25 percent increase from last year. But that’s about the only good news to be found there. Otherwise, the ranks of the Forbes list—which continues to grow astronomically bigger both in terms of the numbers of members and their total net worth—stands in stark contrast to the decline in the middle class in America and worldwide and the persistent, deepening scourge of poverty.
Jane Neubauer was just out of basic training when a secretive military unit recruited her for an undercover mission. She claims she was raped on duty. The Air Force isn’t so sure.
On the night of July 26, 2013, Airman First Class Jane Neubauer was on a beach in Biloxi, Mississippi having a few drinks and hanging out with friends when she got a text inviting her to a party. The sun had set, but the gulf coast air was still hot and muggy when she jumped in a car and drove off with a group of suspected drug dealers. They weren’t her friends and it wasn’t her idea of a good time. Neubauer, 23 years old and new to the military, had been recruited by the Air Force’s secretive law enforcement branch, the Office of Special Investigations, to infiltrate a drug ring selling pills out of a local restaurant.
California will learn what Texas did when the water runs out: by the time politicians and residents wake up to their wasteful ways, it’s too late.
Three years ago, as Texas grappled with its driest year on record, Governor Rick Perry declared a weekend of prayer for rain.Maybe God answered his prayer by sending the drought to California.The Golden State got slammed by record-low rainfall in 2013 and remains frighteningly dry despite a few recent storms. Snowpack in the Sierra Nevada, the state’s great mountain reservoir, stands at just 31 percent of normal.Having moved from Texas to California last summer, I’ve watched up close as the nation’s two most populous states have struggled with drought.
One of Osama bin Laden’s right hand men gets his day in federal court. A chosen jury, who may not claim to be his peers, does promise to be ‘fair.’
From the courthouse window you can see the new Freedom Tower that has risen in the place of the World Trade Center, but it is just a building.The real tower of freedom that stands in downtown Manhattan is the system of justice that has finally recovered itself with the prosecution of an accused Al Qaeda figure no differently than if he were any other accused criminal.America never looked more beautiful than when Sulaiman Abu Ghaith appeared on Monday, not as a waterboarded enemy combatant at a Guantanamo Bay military tribunal, but as a criminal defendant in Manhattan federal court, being duly tried on charges of conspiring to kill Americans as set forth in indictment 98 Cr.
Niagara Falls has partially frozen over for the second time this year, giving tourists a one-of-a-kind photo op, and a reason to brave the frozen U.S.-Canada border.
special election in the Sunshine State’s District 13, otherwise known as Swingtown USA, is an important—and close–one for both parties.