He is 91, and is called the casino mogul of Macau, an administrative region of the People’s Republic of China. Stanley Ho Hung-sun, the man who fought all odds, survived a family bankruptcy and war, now called as the richest person in Macau. It is estimated that, this university dropout now owns enterprises that employ almost one fourth of the workforce of Macau.
Pai Gow Poker is an Americanized fusion version of the ancient Chinese tiles game of Pai Gow married with the modern Poker game to be played with a deck of 53 cards (joker for faces, straights and flushes). This is a combination of the Pai Gow’s “high hand, low hand” playing structure with poker hands.
Free Market is a hypothetical market condition where manufacturers and service providers can export, import and offer services under no conditions and with zero taxes, subsidies and policies involved. Being a highly debatable topic; many economists along the years have opposed or stood by
Free trade is when governments stop discriminating between exports and imports and allow manufacturers and service providers to buy and sell products and services in an environment free of subsidies and duties. While economists around the world have been favoring this concept and
Hindu Mythologies dating back to 2000BC have the mention of gambling in them. Indians have always tried to look at gambling as a viable solution to conflicts and a way to bridge the gap between friends and foe. The history of gambling in India has always been better than what it is now.
Gambling is the act of wagering something precious or of high value with the basic intent to win something more substantial under uncertain conditions. Making decisions is always influenced by the kind of personality we are, so if gambling is all about making a series of decisions, syncing personalities with casino games can give people that very important winning edge.
The birth of a nation represents sheer potential. Potential in terms of an unwritten future, that could go in any direction. The blank pages of history wait to be filled… with overlying goals, structure and the freedom to decide how to achieve the goals. When India became independent, it was faced with three economic models.
Economic indicators tell us about the state of a market in the form of statistics. Analyzing economic indicators can help us predict future performance. Some common economic indicators include indices such as GDP, unemployment rate, industrial production, stock market and money supply. When a market follows a trend, this is most likely shown by certain associated economic indicators that shape the market.
Nothing exposes the absurdity of government regulation better than Frederic Bastiat’s satiric article – The Candlemaker’s Petition. This classic describes a petition taken out by candle makers against what they term as an unfair competitor – the Sun itself!