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All Horse Racing is a recognised leader in the online horse racing industry with a focus on the thoroughbred and harness horse racing market. Steve Assusman thinks his horse has what it takes. “I’d be very surprised if he wasn’t the favourite…he’s 12bet เข้าไม่ได้ beating them easy,” he said.
Circular Quay has had a long 8 week layoff — and some handicappers feel this to be a detriment. More troubling, however, was the fact that the finish time was a slow 1:51.33. Was the relative slow pace at Keeneland due to the new Polytrack or were the jocks simply holding back their mounts as part of an overall race strategy?
Is it easy street for Street Sense? Will Circular Quay run circles around the competition? Or, is Curlin ready to wipe the field clean?
In the words of the American author John Steinbeck, “This Kentucky Derby, whatever it is — a race, an emotion, a turbulence, an explosion — is one of the most beautiful and violent and satisfying things I have ever experienced.”
“The Derby is captivating — there is nothing else like it. However, Todd Pletcher thinks his entries (Circular Quay, Scat Daddy and Any Given Sunday) will do just fine, “It’s a very wide-open Derby at this point,” he pointed out.
As soon as the Kentucky Derby is over, All Horse Racing will offer risk free wagers for the Preakness and Belmont Stakes.
What will be the winning time of the 2007 Kentucky Derby?
More information on All Horse Racing is available at www.allhorseracing.com.
While the status of several North American ADWs and their ability to offer their customers the Derby Experience this year is up in the air — notably the TVG Network (NASDAQ:GMST) and judging from recent developments, possibly Youbet.com (NASDAQ:UBET) — All Horse Racing looks forward to providing service to the many new members who wish to take part in “The Most Exciting Two Minutes in Sports.”. Real time audio and video feeds are available for hundreds of races each day.
LOUISVILLE, Ky.–(BUSINESS WIRE)–All Horse Racing (www.allhorseracing.com), an international gaming company, today announced the start of the annual Triple Crown Challenge with a free bet on the first jewel of the Triple Crown.
Other companies involved with online horse racing include Magna Entertainment Corp. The year before, Giacamo won in 2:02.75. Will this year’s winner be faster or slower than 2:02?
With his crushing win by 10 ½ lengths at the Arkansas Derby along with his 3 for 3 record, Curlin is proving to be the odds makers’ favourite. There are richer purses and more demanding tracks, but this is ‘the race.’ We invite everybody to come join us and take part in the Derby experience — have a free punt and enjoy the races,” explained Leonard Manley, Director of Marketing at All Horse Racing.
With operations worldwide, All Horse Racing, also receives and utilises the services of Equus Limited, a privately traded and licensed company on the Isle of Man.
Last year, Barbaro crushed the field with a winning time of 2:01.36. Members have the ability to place wagers online on over 100 racetracks including Churchill Downs, Del Mar, Philadelphia Park, Pimlico Race Course and Belmont Park. (NASDAQ:MECA), Youbet.com (NASDAQ:UBET), TVG Network (NASDAQ:GMST), Penn National (NASDAQ:PENN) and Churchill Downs (NASDAQ:CHDN).
To celebrate the Running of the Roses and the Triple Crown, All Horse Racing is offering risk free bets on the Kentucky Derby, the Preakness Stakes and the Belmont Stakes.
Suffering an unexpected and disappointing loss to Dominican at the Blue Grass Stakes in Keeneland, Street Sense has lost some public support
The 2010 World Cup Bracket Predictions Experts at m88 เข้าไม่ได้ online bookmaker BETUS.com have Mexico listed at +250 odds to win Group A. “A squad that has endured the worst possible build-up to the tournament in South Africa, characterised by a succession of poor decisions, entirely avoidable misfortunes, damaging scandal and bad press. “If France is flat and earn a draw they could be in jeopardy of not winning the group. All eyes will be on France in Group A. Most experts believe that France and Mexico will advance into the second round of the 2010 World Cup.
. The 2010 World Cup Bracket Predictions experts at online sportsbook BETUS.com have France listed as a +115 odds favorite to win Group A.
South Africa: +500
“France will get an early test against Uruguay on the opening day of the tournament,” stated 2010 World Bracket Predictions Expert Martin Bishop of Sports-Odds.com. But with an underperforming and disliked team, poorly marshaled and dogged by scandal that certainly looks like a long shot.”
Online sportsbook BETUS.com has posted 2010 World Cup bracket predictions soccer betting odds to win Group A:
2010 World Cup Group A Match Schedule:
South Africa vs Mexico – 06/11/10 at 10:00 AM EST
Uruguay vs France – 06/11/10 at 2:30 PM EST
South Africa vs Uruguay – 06/16/10 at 2:30 PM EST
France vs Mexico – 06/17/10 at 2:30 PM EST
France vs South Africa – 06/22/10 at 10:00 AM EST
Mexico vs Uruguay – 06/22/10 at 10:00 AM EST
Point-Spreads.com has polled several 2010 World Cup Bracket Predictions Experts to figure out what are the best bets for Group A. The key match in group A to determine the winner will take place on June 17th when France takes on Mexico. What remains to be seen is whether Domenech can summon one final hurrah to prove his critics wrong and exit with his head held high. We expect both squads to win their other matches in this stage but if Mexico can earn a draw against France, they could end up winning group A as long as they beat Uruguay later.”
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“France are a team riddled with problems,” stated 2010 World Cup Bracket Predictions Experts Pierre-Louis Laguiller. The tournament opens up with host country South Africa taking on Mexico and then follows up with Uruguay taking on France in the second match of opening day. Lots of it..
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Today’s hot matchup will feature the Delhi Daredevils vs Kings XI Punjabi.
It’s no surprise that IPL tickets for this event have been so hot, it’s lead to a recent arrest of several individuals black-marketing them. Fans are eager to see these teams competing in the Indian Premiere League, and some are looking to cash in on that..
Today’s game will be played in Delhi with some interesting new field conditions.Â This game will feature a relevant Earth Day theme as the Delhi team has brought greener grass to its field.Â They apparently have more grass on their field then ever before, in a new effort to see if they can help turn their season around.Â The bowlers and batsmen will hope this new change aids them in a victory.
Continue to check the comments field below for the latest score updates from today’s Delhi Daredevils vs Kings XI Punjabi match.Â This live blog will provide the IPL 2011 cricket scores and results from today’s game as soon as they become official.
In today’s match, Punjab won the initial toss and chose to field.Â Currently, Delhi is leading this match 128/0 (10.6/20 ov).Â As of the latest check, ESPN CricInfo is reporting that Delhi is pummeling the Punjab team.Â Currently, David Warner has 59 runs scored, while Virender Selwag has also added 59 of his own.Â It appears the Daredevils are in full swing today!
Today the IPL 2011 cricket scores and results will be of major importance to fans of the Indian Premier League
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Unicef, A Maheshwari.
On Thursday, Jan 10, China’s chief climate change official reported that China’s carbon intensity, or its emissions relative to economic output, fell more than 3.5 percent in 2012, surpassing its annual target.
Second, China might revamp its mandatory one-child policy and make it voluntary, thus doing away with coercion, while investing more in terms of child and maternal health to arrest the on going population momentum.
China’s recently revamped industrial policy has set ambitious targets for its steel, non-ferrous metals and petrochemical sectors to cut carbon intensity by 18% before 2015 relative to 2010 levels, and by 40-45% before 2020 relative to 2005 levels.
A combinatorial approach of rapid population stabilization coupled with significant improvements in energy efficiency will make China’s industrial growth more sustainable and secure.
First, China will invest almost $200 billion towards energy efficiency in its industrial sector, while its renewable energy sector will expand by 37.5 percent to 1.8 trillion yuan by 2015.
During the 2011-2015 five year plan, China intends to cut carbon intensity by 17 percent.
China is the largest consumer of coal based energy, which satisfies 70% of China’s needs
We came back and dominated the game but the game was stop and go.
“We have to believe that we still have to fight hard. Last season, Tottenham blew a 10-point advantage to allow its fiercest foe to take third spot and a place in Europe’s elite competition.
Pressure grows on Wenger
“It would be absolutely terrible not to fight like mad because there are a lot of positives in the game.
Lewandowski brace earns Dortmund points
Yes, Arsenal did find a route back into the game after the interval when Bale inadvertently directed Per Mertesacker’s header into his own net.
On the London Underground there is a saying which has become synonymous with any tourist visit to the British capital.
In Germany, Bayern Munich maintained its 17 point lead at the top of the Bundesliga following a 1-0 win over Hoffenheim.
“Mind the Gap”.
It’s up there with the Queen, a wonderfully indulgent cream tea, Beefeaters outside the Tower of London and all those quintessentially English pastimes which tend to draw those flocking from overseas.
In Italy, Rodrigo Palacio spared Inter Milan any embarrassment with a late cameo performance to steal a 3-2 win at Catania.
Chelsea owner Roman Abramovich had paid $20 million to take the young Portuguese coach from Porto to Stamford Bridge less than 10 months earlier.
Monday will mark his 6000th day in charge and while supporters may be losing faith, Wenger is adamant Arsenal can still qualify for next season’s Champions League
A year ago Monday, the man known as “AVB” was sent packing from Chelsea with his reputation in ruin.
Once Aaron Lennon had added a second less than two minutes after Bale’s opener, Arsenal was facing an uphill struggle.
United march on
“It is difficult to struggle with defeat because of the effort we put in and the energy level we put in over the 90 minutes was tremendous.
And with the contest entering the second minute of stoppage time, Palacio found space to drill home a dramatic winner.
Vilified for his team selections, his unorthodox style of crouching on the touchline and man-management skills, he was seen as “Mourinho-lite” and simply not in the same class as the “Special One.”
“The game was very difficult because of the opponent’s league predicament,” coach Jupp Heynckes told reporters.
For 16 years it has been the ruler of its own backyard, but the neighbor is beginning to stir.
“It was very, very important for what it means, but obviously nothing is finished yet,” Villas-Boas told Sky Sports.
But a year in football is a long time — just ask Villas-Boas.
Granada suffered a 2-1 home defeat by Mallorca, Espanyol drew 0-0 with Valladolid and Real Sociedad shared a six-goal thriller with Real Betis as it ended 3-3.
“It’s an important victory for us against a team which is in great form. “We were not efficient in those decisive zones, not at the back or up front.
English managers on the brink?
It is a saying which has been emblazoned across numerous t-shirts and posters, while children on the underground seem to delight in repeating the famous phrase.
In fact, not since 1995 has Tottenham finished above Arsenal in England’s top division, a statistic which will surely be consigned to history at the end of the current campaign.
Without a trophy in eight years, on the brink of an exit from the Champions League, the Frenchman is facing the most difficult spell since he arrived at the club in October 1996.
But Wenger refutes any suggestion that Tottenham has overtaken his side in terms of quality.
Suddenly that gap was increasing and Arsenal’s apathetic attitude to defending gave little to suggest that anything but a widening chasm between the two clubs.
Now unbeaten in 12 league games, Tottenham deserves to be taken seriously.
In France, Lyon was held to a 1-1 draw at Brest, while Marseille reclaimed third place in Ligue 1 after coming from behind to defeat Troyes 2-1.
It was Bale, of course, who proved the man for the occasion, firing Tottenham ahead eight minutes before the break with a coolly taken finish — his 20th of the season.
“It was difficult to get a flow in the final 20 minutes, we didn’t find the second goal.”
Mario Gomez’s strike gave Bayern its 10th straight win, despite being given a difficult afternoon by the relegation threatened side.
But Tottenham, marshaled by Michael Dawson and Jan Vertonghen, held out comfortably to claim a crucial victory in their quest for the Champions League and the domination of north London.
But Arsenal has been here before. We have to continue to do our job.”
For Arsenal and its beleaguered manager Arsene Wenger, the gap shows no sign of narrowing any time soon.
But now, in London at least, those three words have been hijacked by the supporters of Tottenham and Arsenal, who will now no doubt continue to mock each other until the end of the season.
Lazio punished for fourth racism
Lille saw off Bordeaux 2-1 in the day’s late game thanks to goals from Ronny Rodelin and Salomon Kalou.
Villas-Boas confirmed as new Tottenham boss. It took a while to warm up the engine.”
“We made it difficult for ourselves. It is important we gather as many points as we can to finish where we want to be.
“We were not cautious enough. Arsenal have to play Man City, we have to play Liverpool (next weekend).
It was a song they would come to regret as Arsenal grew in strength while Spurs faltered, eventually leading to Harry Redknapp’s exit and the failure to reach the promised land of the Champions League.
He added: “It’s very frustrating, but we have to put the energy in every game like we did today and keep going, you never know.
Ricky Alvarez halved the deficit before Palacio fired home an equalizer with 20 minutes remaining.
“Forever in our shadow” was what Arsenal fans used to chant at their rivals — and with justification following its domination of north London since Wenger’s arrival.
“What happened today we have seen repeated so many times in big games that of course it’s difficult.”
In Spain, Atletico Madrid was held to a goalless draw at Malaga as it missed out on the chance to close the gap on leader Barcelona.
“Motivations are now different. “We had to work hard for the win, it wasn’t brilliant or glamorous, but in return for 90 minutes work, we got three points.
Elsewhere, Fiorentina gained a 2-1 win over Chievo, Bolgona defeated Cagliari 3-0 and Emanuel Icardi’s 58th minute effort secured all three points for Sampdoria against Parma.
Following Tottenham’s 2-1 win over its city rival Sunday, the “gap” is seven points with Andre Villas-Boas’ side now occupying third place and more importantly, a qualification spot for next year’s Champions League.
Before Arsenal’s astonishing comeback, which followed the 5-2 thrashing of Tottenham just over a year ago, it was those dressed in the blue and white which sang merrily about minding the gap.
Atalanta recorded a 2-0 win at Siena courtesy of Giacomo Bonaventura’s double, while Torino and Palermo’s game ended goalless.
While his imperious run of form has been a joy for Tottenham supporters, it is also the new found steel which has been lacking in the past, which has made this side a far more accomplished proposition.
Bale steals limelight
“Last year, by this time, Arsenal made the difference of seven points to Tottenham and we know how it finished,” Villas-Boas added.
“Luckily this team has thick skin and managed to fight their way back into the game.
“We had a terrible 20 minute period and were punished for our mistake on the first goal,” coach Andrea Stramaccioni told Sky Italia.
“That’s not the impression I got from the game today,” he told Sky Sports News. They are on a low at the moment. Thankfully the real Inter emerged after the interval.”
Tottenham wins derby match against Arsenal 2-1 Sunday
Gareth Bale has now scored 20 goals for Spurs so far this season
Inter Milan fights back to win 3-2 at Catania in Serie A
Bayern Munich wins again to stay 17 points clear at summit
With nine goals in his past seven club games, Bale continues to astound, rightly or wrongly allowing comparisons with Cristiano Ronaldo and Leo Messi to gather pace.
Meanwhile, Bayern has been drawn at home to face Wolfsburg in the German Cup semifinal, while Freiburg will travel to Stuttgart in the other fixture.
AVB: Bayern is the perfect club for Guardiola
But his spell in charge proved a disaster, leaving the club on the brink of exit from the Champions League, out of the Premier League title race and facing humiliation.
“We try to profit from another important fixture and keep doing our job. On the two goals we played offside in a position where we shouldn’t play offside.
In the late game, Roma defeated Genoa 3-1 with Francesco Totti on target.
But as fans got back onto the London Underground this evening following the contest, the question marks over Wenger’s future remain.
Trailing 2-0 at the break thanks to strikes from Gonzalo Bergessio and Giovanni Marchese, Inter fought back in the second half to turn the game on its head.
But a year on since leaving west London, Villas-Boas is steadily building a team bursting with potential, led by the ever improving Gareth Bale.
“We were a bit superficial; we weren’t direct enough and not lively enough. We are extremely confident
His future as a Manchester United player continues to be in doubt with Chelsea interested in buying the England forward.
Pressing the flesh – “It’s a great experience for the players to see other nations and how much impact they have on people,” .Dr Craig Duncan of the Australian Catholic University, who until recently was Sydney FC’s head of human performance, told CNN. Here Chelsea fans cheer their team on during Tuesday’s training session at the Rajamangala stadium in Bangkok, Thailand.. The team’s manager Arsene Wenger signs a local photographer’s t-shirt during a training sesssion at Hanoi’s My Dinh stadium.
Globalization sprint – Meanwhile are travelling to Thailand, Malaysia, and for the first time, Indonesia.
Asian markets – Liverpool’s pre-season tour takes in Indonesia, Australia and Thailand. “Liverpool are hugely popular in the markets where we do business, and we are excited about the opportunity to continue to work with this fantastic club and their passionate fans,” said Standard Chartered’s chief executive Peter Sands after the bank extended its sponsorship deal with the Merseyside club.
Meet and greet – Ashley Cole throws footballs to excited fans during a Chelsea training session at Rajamangala Stadium in Bangkok, Thailand.
Rooney hamstrung – Wayne Rooney didn’t last long on United’s tour, quickly returning to England with a hamstring injury. “From a business perspective it is important we show our commitment to building our name around the world to become more attractive to potential commercial partners and to support some of our existing partners’ business objectives for whom Asia is also an important market,” an Arsenal spokeswoman told CNN.
The “Running Man” – Vu Xuan Tien became Arsenal’s unofficial mascot on the Hanoi leg of their pre-season Asia tour after he ran alongside the team’s coach for several miles. Tien was then invited to lead the Arsenal players onto the pitch at the My Dinh stadium in Hanoi before their match against the Vietnamese national team, which they won 7-1.
Hello Hanoi – English Premier League football team Arsenal spent three days in Hanoi as part of its Asian tour. Alex Buttner picked up a hamstring strain in the friendly.
Opening new markets – The Gunners became the first Premier League team to play in Vietnam in a friendly match against the national team on July 17.
Hillsborough solidarity – Liverpool’s Indonesian fans show their support for the campaign to win justice for the families of the 96 people who died at Sheffield Wednesday’s Hillsborough football ground on 15 April in 1989 during an FA Cup semifinal between the Merseyside club and Nottingham Forest.
Barclays Asia Trophy – The biennial Barclays Asia Trophy is making a third visit to Hong Kong this week, with Manchester City, Tottenham Hotspur and Sunderland and South China taking part.
Buttner injury – Players scramble as Manchester United’s Ben Amos punches the ball away during a friendly between Singha All Star XI and Manchester United in Bangkok, Thailand
The worries over scarcity proved unfounded, however, and the price had fallen by more than one-third by the end of the year.
A month earlier the company had replaced its head of sugar, Jonathan Drake.
Analyst Jonathan Kingsman said Wilmar will have to be nimble to sell the Brazilian sugar that it acquired through the expiry ahead of the country’s coming crop, which starts around April and is expected to be abundant – potentially weighing on prices.
Cargill took delivery of almost one million tonnes of sugar at the expiry of the March 2011 raw sugar contract on ICE just days after the market had risen to a 30-year high of 36.08 cents per lb on concerns about tight global supplies.
The expiries are risky because a bet that leaves a player holding large amounts of physical sugar can reap huge rewards when supplies are tight and prices are rising, but a trade house can face eye-watering losses if the harvest’s outlook improves or demand is dented at the last moment.
In January last year Cargill reported its worst quarterly earnings since 2001 and noted that “our performance in the sugar market was poor.”
Wilmar is taking delivery through a sugar futures expiry for the first time since entering the market three years ago.
DELIVERER CAN MAKE LIFE TOUGH
“Cargill’s sugar business has undergone a number of changes and we made a significant turnaround in 2012,” the Cargill spokesperson said.
* Wilmar joins elite club of merchants involved in expiries
By David Brough
The receiver is obliged to collect all the sugar from ports nominated by the deliverer, within the set time frame allowed.
Provided the parties play by the rules, regulators leave them to it and sit on the sidelines.
Trade sources said Wilmar fits the bill, with strong business ties in Central America, and would have no difficulty finding customers for Central American sugars within that region or in big importers China or Indonesia.
The stakes are in sugar often worth hundreds of millions of dollars; the occasion is the expiry of futures contracts.
* Receiver holds cards in playout of expiries 9 times a year
“People (traders) were wary of taking delivery of Brazilian sugar with a big new Brazilian crop expected to start early – you would have to move quickly to get it out if values come down,” said Kingsman, head of agriculture at data and information provider Platts.
The trade house receiving the sugar will try to line up customers and will have built futures strategies against its physical trading book. But these strategies are complicated by uncertainty over where the sugar will be delivered.
“As long as people stick with the guidelines – and there are no exceptional delays in sugar deliveries – no one gets concerned,” a senior London broker said.
On Liffe’s white sugar contract the company delivering can nominate several ports at which to provide sugar, as long as they comply with a minimum delivery per port of 80 lots, or 4,000 tonnes.
The ‘long’ (receiver of sugar) holds the cards,” one senior trade source said. agribusiness Cargill was often in the past a major receiver of sugar but has been keeping a lower profile after an aggressive bullish bet misfired.
* Taking physical sugar can pay if prices rise, risks great
This delivery is barely more than a quarter of the size of the previous raw sugar expiry, for the October 2012 contract, which saw Bunge receive almost 600,000 tonnes, valued at roughly $240 million.
In these cases, the delivery can be settled privately with the receiver agreeing to pay to cancel or “wash out” the contract.
As the expiry draws closer for a contract such as the ICE current front month futures, only those players with a real interest in the physical commodity remain.
Adding to the fraught nature of expiries, buyers face various dangers and sellers have money making opportunities.
A Cargill spokesperson said that while 2011 was a tough year, this was not all down to aggressive trading strategies.
Five leading American and European trade houses – Cargill, Louis Dreyfus, EDF Man, Sucden, and Bunge – have typically jockeyed for the best position ahead of the delivery and receipt of sugar when futures contracts expire, which happens nine times a year.
“The deliverer likes to make life difficult for the receiver,” said one senior European sugar broker, who asked not to be identified.
“It’s a game of poker.”
. “But the deliverers have options to make money from the receiver.”
LONDON, March 6 (Reuters) – A handful of the world’s biggest merchants play a tense, high stakes game every few weeks and a well-connected newcomer from Asia just sat down at the table.
Much futures business is done by financial investors who trade promises involving sugar but close out the bets before they risk taking actual delivery of the raw sugar traded on InterContinental Exchange (ICE) or white sugar from NYSE Liffe.
At the latest raw sugar futures expiry last week, the exclusive club was joined by Singapore-based Wilmar International Ltd, sole receiver of 152,762 tonnes of Central American and Brazilian sugars worth around $61 million.
Sometimes the deliverer has nominated several ports knowing that it would not make financial sense for the receiver to charter vessels to load at each nominated port.
In 96 appearances for Liverpool the Uruguayan has recorded 51 goals and 24 assists and he is certain to be a key fixture in Brendan Rodgers’ plans for the clubs future.
It appears that despite their chase for multiple world class attacking targets, Arsenal’s lack of effort to hurry up and land a “statement,” signing this summer is causing other clubs to take the upper hand on primary targets Luis Suarez of Liverpool and Gonzalo Higuain of Real Madrid according to the Mail on Jul.
Now that the London club continues to drag out their potential transfers, news has broken that Real Madrid has entered the race for Suarez and are willing to potentially offer the Reds Gonzalo Higuain plus a cash deal of £25m to take the unsettled Uruguayan to the Santiago Bernabeu.
Even if Arsenal meet Liverpool’s demands, Suarez could likely be persuaded to move to Madrid if that offer is truly on the table. With 122 goals and 46 assists in 266 appearances he has been more than the average top level attacker. Just click on the “Subscribe” button above.
Liverpool need players like Suarez to ensure they return to the top of the English Premier League and fight their way back into the UEFA Champions League, but if he continues to wish his departure and is not committed to the club, then it is time for the Reds to cut their losses.
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Arsenal need to make up their mind quickly as to which of the two strikers they truly wish to go after as the longer they wait the more likely they are to have neither of them come the end of the transfer window in August.
Liverpool continue to play hard ball over the prospect of selling Suarez while Arsenal have failed to meet the asking price for Higuain as well.
Suarez has been sensational for Liverpool on the pitch in many ways. 17, 2013.
Higuain has been a solid producer for Madrid since his arrival from Argentine club, River Plate in 2006. However, when compared to Suarez does he has the ex-factor that Arsenal desire, would he have the same flair that Liverpool would be losing if he were to move to Merseyside?
But Suarez’s situation begs the question, is it worth it for the club to hand on to a player that could bring in £40m at the moment and allow more injection of talent? The Uruguayan is a world class striker if there was one, the fact that his performance this season is what will guarantee his place in the 2014 World Cup would likely see him play to the top of his skills even if he remains on Merseyside.
Enjoy this article? Receive e-mail alerts when new articles are available. However, his antics both off and on the pitch at times have seen his reputation nearly destroyed and his relationship with the English media has pushed him to the breaking point.
Hunter Schwarz covers the intersection of politics and pop culture for the Washington Post
Lawmakers are looking for ways to attract and retain teachers, meeting this week with representatives from teacher organizations in the state in hopes of drafting legislation come the beginning of their next legislative session in January.
South Carolina has a teacher problem.
“We have a hard time, just like every state, finding math, science, foreign language, and special ed teachers,” said Kathy Maness, executive director of the Palmetto State Teachers Association.
“I think that teachers’ ideas, voices, and opinions are not included,” she said. “We probably will have legislation that results from the study.”
Sen. Wes Hayes (R), chair of the education committee, said the state will conduct a study and will look into how to make it easier for administrators to remove ineffective teachers, tying salary to performance instead of how long a teacher has taught and what his or her education level is, and offering teachers student loan forgiveness.
The state has about 4,000 teacher vacancies every year from retirements and people either moving out of state or quitting the profession, while only 2,000 of its college graduates go into education annually. It also has an especially hard time finding teachers for rural areas and specific subjects.. “I think that if that would change, that could help.”
Bernadette Hampton, president of the South Carolina Education Association, said she’s glad lawmakers are coming to teachers for advice, something that hasn’t happened in the past.
“We’d like to have the study completed by January,” Hayes said
As for Arsenal, the result was not as costly — they’re all but guaranteed fourth spot — and Andrei Arshavin’s four-goal performance was spectacular but their own defensive failings would have made very interesting viewing for United looking ahead to the Champions League semi-finals.
A point from Tuesday night’s draw with Arsenal at Anfield was enough to take Liverpool top of the Premier League table on goal difference from Manchester United, but seeing as Alex Ferguson’s side have two games in hand it’s hard to see the title ending up anywhere but at Old Trafford.
4-4 is the sort of scoreline that delights neutrals, TV companies and marketing executives but it’s not one that Liverpool fans will remember with any fondness.
There could still be room for a twist or two, of course, but United seem to have regained their defensive stability, just as Liverpool have lost their poise at the back.
Altogether, a very satisfying night for Ferguson, I should say…
PHOTO: Liverpool’s Yossi Benayoun reacts after the final whistle against Arsenal at Anfield, April 21, 2009. REUTERS/Phil Noble
Why do people keep playing a game where only 1 percent of the players win and 24 percent lose?
Ellis’s three decades of experience have convinced him that the main culprit for this underperformance must come down to investment managers themselves. All Rights Reserved.
For example, in a random 12-month period, about 60 percent of mutual fund managers underperform. Even Ted Aronson, a successful active institutional money manager, stated that once you add the burden of taxes the hurdle for active management is almost insurmountable.
Successful active management contains the seeds of its own destruction. Success brings new cash flows, and the investment business is one with dis-economies of scale. As you lengthen the time period, the failure rate increases. The conventional wisdom in this case being that the past performance of active managers is predictive of the future.
Ellis goes on to note that new research on the performance of institutional portfolios shows that, after risk adjustment, 24 percent of funds fall significantly short of their chosen market benchmark, 75 percent of funds roughly match the market, and well under 1 percent achieve superior results after costs — a number not significantly different statistically from zero. However, the truth of a theory often has nothing to do with how much you believe in it. (Before being hired, the to-be-hired managers produced substantial excess returns on domestic equities of 12.5 percent, 8.7 percent, and 4.3 percent annually over three years.) However, for the three years after the new managers were hired, the fired managers actually achieved slightly higher returns than the new managers.
But despite the overwhelming body of evidence to the contrary, institutional managers continue to believe that performance data can provide useful information for evaluating active investment managers. Few active managers are willing to act in the interests of their investors and shut their doors to new money. We don’t need Sherlock Holmes to help us figure out why there’s no persistence of outperformance:
In an article that will appear in an upcoming edition of the Financial Analysts Journal, Ellis describes the persistent failure of institutional investors to achieve their ubiquitous, but ephemeral, goal of beating the market. Making matters worse is that the stock managers who underperform do so by roughly twice as much as the “outperforming” funds beat their chosen benchmarks. Thus, the risk-adjusted odds of outperformance become more daunting.
The evidence shows that institutional investors and their advisors are doing what Albert Einstein said was the definition of insanity — repeating the same behavior but expecting different outcomes. (“False Discoveries in Mutual Fund Performance,” by Laurent Barras, Olivier Scaillet, and Russ Wermers).
Ellis knew that the winning strategy for investing also applies to the craps table: Don’t play. And the competition is incredibly tough, with as much as 80-90 percent of all trading being done by institutional investors themselves. The markets are highly efficient, making it difficult to uncover pricing errors.
Generating benchmark-beating performance is a zero-sum game before costs and a negative-sum game after costs. Data from institutional funds show that large numbers of new accounts go to managers who have produced superior recent results. And assets move away from underperforming managers after their worst performance years. So even if you could identify the few winners ahead of time (that 1 percent), by the time you have enough evidence to be convinced, it’s too late. He says that extensive data show that the persistence of outperformance of active managers is well below what we would expect from pure chance (randomness).
(MoneyWatch) Charles Ellis is the author of the classic investment book “Winning the Loser’s Game.” He’s also a former managing partner of the consulting firm Greenwich Associates and is on the Board of Advisors of the Yale School of Management. He acknowledges that they’re talented, hardworking, well-trained, and dedicated to their work, and they believe deeply in the value of their work. That makes it difficult to identify a group of likely victims to exploit.
The costs of active management are high, and simple mathematics tells us that, in aggregate, active management must underperform passive management. Ellis notes that the managers are subject to what behavioral economists call the Semmelweis reflex – rejecting of new evidence that contradicts established norms, beliefs, or paradigms. At 10 years, the percent of failures rises to about 70 percent, and at 20 years it’s about 80 percent. And remember that all of the above data is before taxes
In other words both types of machines still have equal payout rules. So is it really totally random? I think not.. I recommend the latter.
If slot machines were truly 100% random, the casino itself would be gambling themselves wondering if their business is going to make money or have to pay out everything and shut down. The modern mechanical slot reels are still governed by a computer. It’s a term often misinterpreted as a broken machine. First things first here. More line options, different ways of betting and they are much more entertaining. Although this is true for both mechanical slots as well as video slots, we need to take a serious look at how “random” they really are.
“Mechanical slots” are being outnumbered these days by video slots. I like both, but I have been leaning more toward the video slots over last few years.
People often hear about “loose” slot machines. Usually at least 85%. Do they exist? Not really.
Winning on a slot machine first requires knowledge of how they work. Most video slots give you a broader choice as far as betting. The casino will make between 5 and 15 cents of every dollar spent…..No matter what.
The Myth about “loose” machines
Understand now that a slot needs to be programmed to pay out at least 85% of what is put into it. Think about this for a minute. But people still like the mechanical slots so the casinos still have many mechanical slot machines. Mechanical slots are not any “less smart” than the video slots. Most people know that a slot machine works on randomly generated patterns. Remember that they have to pay a certain percentage. These aren’t “old” machines. Some casinos in Vegas I have seen advertise a 95% payout to draw people in. There is a reason that “The House Always Wins”…..State Laws.
The mechanics of a slot machine
A slot machine in a casino under state law, (all legal gambling states have laws), are required to pay out a certain percentage. There is not really any way to tell if a machine is on a higher payout cycle unless you watch people play and see what the machine is doing (that may creep out some people though, so be polite) Or by playing a machine and betting a few small amounts and determining the reaction of the pattern. If the RNG (random number generator) has lacked the percentage payout over a period of time, it may start paying higher win amounts in order to reach a percentage threshold. The casino will not pay you if a machine malfunctions.
Mechanical Verses Video Slots
A “loose” machine in reality applies to a slot machine that is on a higher pay cycle