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I grabbed some of this today...Monday?? Good bad?
Wait, what?
Wonderful.
Yeah, just wait until the Olympics. Can only imagine then.
Legalizing Net gambling? There's a chance
By Declan McCullagh
http://news.com.com/Legalizing+Net+gambling+Theres+a+chance/2100-1028_3-6189857.html
Story last modified Fri Jun 08 18:01:16 PDT 2007
Opponents of a federal ban on Internet gambling said during a congressional hearing Friday that it would be wiser to legalize and regulate betting than prohibit it.
"In the end, adults ought to be able to decide for themselves how they spend the money they earn themselves," said Rep. Barney Frank, the Democratic chairman of the House Financial Services committee and primary backer of the legalization effort.
Friday's hearing included witnesses from companies that process online payments. In general, they echoed the arguments once used in favor of ending alcohol prohibition and that are now being invoked to decriminalize marijuana: It's better to legalize, tax and carefully regulate an industry than let it flourish with far less oversight in the black market.
Some countries already do just that. In the United Kingdom, for instance, Internet gambling is legal and strictly regulated. Some of the larger online casino operators are publicly traded on the London Stock Exchange.
"On the basis of my experience I can unequivocally state that Internet gambling can be regulated, and that abuses can be effectively regulated and controlled," said Jon Prideaux, a consultant who until last year was the head of Visa Europe's Internet arm.
A law that President Bush signed last year tried to eliminate many forms of online gambling by targeting Internet service providers and financial intermediaries, namely banks and credit card companies that process payments to offshore Web sites. The bill never received a formal vote in the entire Congress but instead was glued onto an unrelated port security bill that the Senate unanimously approved.
Now the pro-legalization forces are trying to marshal a counterattack. Frank introduced a bill in April that would replace the current broad prohibition with strict regulations--including criminal background checks and financial disclosure--imposed on companies that offer legal Internet gambling. (It's called the Internet Gambling Regulation and Enforcement Act.)
Texas Rep. Ron Paul, a 2008 Republican presidential contender who topped CNET News.com's technology scorecard last year, said adults should be allowed to make up their own minds about whether to gamble. He said he was a strong supporter of Frank's bill "to restore the rights of Americans to decide for themselves whether to gamble online."
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Gerald Kitchen, the chief executive of U.K.-based SecureTrading Group, said his company is a payment service provider that processes a wide variety of financial transactions, including ones related to online gambling. He said SecureTrading's system has been reviewed by banks including Barclays, Lloyds and the Royal Bank of Scotland, and provides protections against money laundering, underage gambling and compulsive gambling.
"There are ways to protect against these exact harms and ills that the opponents of Internet gambling regularly cite as reasons to prohibit Internet gambling," Kitchen said.
But it's too early to say whether the bill will receive a favorable committee vote. For one thing, the top Republican on the panel, Rep. Spencer Bachus from Alabama, offered an impassioned defense of criminalization.
"Some people claim that illegal Internet gambling's a victimless crime," Bachus said. In reality, he warned, it's a "mushrooming epidemic leaving in its wake suicides, crime, family tragedies."
Copyright ©1995-2007 CNET Networks, Inc. All rights reserved.
Home >> Sports
UPDATED: 11:27, August 12, 2005
Brewery sponsors chosen for Beijing Olympics
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As announced by the Beijing Organizing Committee for the Games of the XXIX Olympiad (BOCOG), Beijing Yanjing Brewery Co Ltd and Tsingtao Brewery Co Ltd have been selected as the official domestic beer sponsors of the Beijing 2008 Olympic Games after the agreements were signed Tuesday and Thursday.
They have become the second and the third official sponsors of BOCOG, following UPS, the American package delivery company. The Beijing-based Yanjing beer has also become the first Beijing company to join the 2008 Beijing Olympic Games sponsoring programme.
In line with the agreement, Yanjing beer and Tsingtao beer will provide funds, beer products and related services to the Beijing 2008 Olympic Games, the Beijing 2008 Paralympic Games, BOCOG, the Chinese Olympic Committee and the Chinese sports delegations, and the 2006 Turin Winter Olympic Games.
The top official from BOCOG spoke highly of the two Chinese companies, substantial contributors to the Beijing Games.
"Becoming the official domestic beer sponsor of the Beijing 2008 Olympic Games constitutes an important step for the Beijing Yanjing Brewery Co Ltd to make itself an international brand name in the beer brewing industry worldwide," said Wang Wei, BOCOG executive vice president and secretary general.
As for the Qingdao-based Tsingtao beer, Wang said: "Tsingtao beer, a hundred-year old brand name, has made great contributions to the cultural exchanges between China and the rest of the world in the past century. With Tsingtao Beer set to actively sponsor and support the Beijing Games, we feel more confident of running a successful Games."
Qingdao is also a co-host city of the 2008 Games. It will host the sailing event in 2008, from which 11 gold medals will be awarded.
The Yanjing and Tsingtao firms promised to provide good services to the Beijing Games.
"As a local corporation, we are eager to get involved in and make our contributions to the Beijing Olympic Games," said Li Fucheng, chairman and general manager of the Yanjing Brewery Co Ltd. "Yanjing Beer will use the Beijng Olympic Games as a great opportunity to develop the company and make a bigger contribution to the country's economy."
Li also revealed that a kind of non-alcoholic Yanjing beer would be available by then.
Source: China Daily
Thanks Dart...'ppreciate it.
Thanks Penny.
Hey, is it the same ole over here?
Hey Dart, can you check out PLFM for me. I need another opinion.
Thanks,
Mike
Hey, can you look at PLFM for me please?
PLFM. Anyone have any info about it?
PLFM. Anyone have any info about it?
What's the deal here?
PLFM?? Opinions?
OT- Hey, I have no idea. I sold out a bit ago and am fairly certain I posted that on the board. I've been checking it every once in a while, but I just don't understand what's going on with it.
Sorry, I don't have PM.
HELP! I need the link to the website where you enter a stock symbol and it gives you a reco based upon the moving averages and other tech indicators.
Don't worry. I'm still here.
Reverse merger? haha
Thanks. No parade, but I did go into the city today and was on 7th for a bit at least. Went down to the battery park ritz and there were fireworks going off near the ferry (I think)...so I'll just say they were my bday fireworks haha...at least I got to see the gf,,,finally.
And thanks for the explanation.
Wow, such a "nail in the coffin."
I just read the news. Can someone explain it to me? I didn't get anything from it?
I thoughts news was supposed to be "new." What was new in that PR? haha
Didn't we just have one?
And on my birthday. haha
Haha... thanks. I'll cherish it forever.
Thanks, haha you very well might've been.
Hey, it's my birthday today...haha
20.
Ok thanks.
Was there a split or anything involved with the name change?
Also, what was the low on this one about two months ago? It was IBCX or whatever before? right?
Thanks.
Yah, I'm kinda close to Long Island. I have some friends who live out there too. But, I'll probably be in NYC or Jersey for the majority of the summer...we'll see though. I'll keep the Hamptons in mind though. Thanks.
Hey, OM...PM me your email.
Thanks, Mike.
This is going to be my stock summer.
Need to get a car. Hopefully, I'll be much more active...I'll try to use my MJM board a bit.
No tips as of yet.
I don't know if I'm going to dabble in the pennies again. Might keep it strictly big boards because of the liquidity.
North Cakalakie...back in Jerz for the summer.
What's uppp?
Will do, thanks.
Hey. I haven't gotten any emails from you in a while. I still have you in my contacts.
Have I missed anything these past few months?
Well, thanks. It's the summertime, so I have more time for IHub. We'll see what happens. I'm looking for new plays right now. Not sure if I'm sticking with the penny market...might dabble in the big boards.
Any suggestions?
Damn, I didn't realize I haven't posted here in two months. Sheesh.
I sold out. Tax loss. Wonderful, right?
This is obnoxious Xuan...haha
Hey all. Just checking in. And, I haven't sold. Not that that matters...lol
What about PAN Investments or whatever? The company that gave Shakerzz shares for pumping PMRX?