From airlines champing at the bit to get back in the air over western Europe despite Iceland's volcanic ash, to some dirty dealings at Goldman Sachs, questions of risk and risk-taking are dominating the news cycle this week. But what happens if we avoid risk all-together? Is it even possible?
Many states across the country are struggling with billions of dollars in budget gaps and several of them are considering expanding some form of gambling to generate much needed revenue. Lawmakers in Massachusetts today are expected to begin debating a bill to license two resort-style casinos in the state and to introduce slot machines at the state's racetracks. Proponents of the plan say expanded gambling in Massachusetts could create as many as 15,000 jobs and reduce the state's buget deficit.
States across the country are struggling with billions of dollars in budget gaps. Now many of them are looking at ways to raise revenue by expanding some form of gambling. Massachusetts is considering a bill that would license two resort-style casinos and bring slot machines to four of the state’s racetracks.
With the NCAA Men's Basketball tournament set to start Thursday, many brackets are due by noon today. If you haven't gotten yours in yet, we've got some last minute tips from freelance sports writer and contributor to SportingNews.com and the Wall Street Journal, Dan Shanoff.
The salaries of sports players have for many decades caused non-athletes' jaws to drop, but owners have always justified the expense as an investment. Way back in 1869, for example, members of the Cincinnati Red Stockings were payed $11,000: around $175,000 in today's dollars and many times more than the average income at the time. So how much would you invest in a fantasy sports league? Some insiders estimate fantasy sports attracts close to $800 million annually. With all that money floating around, it seems natural that people would want to protect their assets. Fantasy Sports Insurance is a new company dedicated to insuring the top players on your fantasy team in case of injury. Real money, real players, real injuries: still a fantasy.
To find out more about the money and the fans behind this we talk to Paul Charchian, president of the Fantasy Sports Trade Association and the host of Fantasy Football Weekly, a radio show on KFAN in the Twin Cities; and to Anthony Giaccone, president of Intermarket Insurance and the inventor of Fantasy Sports Insurance.