Lessons from the Junket Business in Atlantic City and in Macao

2015 ◽  
Vol 9 (2) ◽  
pp. 59-95
Author(s):  
Carlos Siu Lam
Keyword(s):  
Lessons Learned ◽  
Atlantic City ◽  
Regional Market ◽  
Regulatory Standard ◽  
Nearby Region ◽  
The Us ◽  
Research Interview ◽  
The Face ◽  
Gambling Market ◽  
National Economies

Although junket operators can help casino operators secure business from premium patrons, there has been limited study of this topic in the academic literature. Recent junket business developments in Atlantic City (the most strictly regulated jurisdiction in the US), and in Macao (the world’s largest gambling market) have led to new insights and understandings of the junket business, and this paper identifies key lessons learned from these two major casino markets. The qualitative research interview was adopted due to the under-researched nature of the junket business. This study is based on the institutional theory to analyze human interactions and activities in terms of overt or implicit rules involved in the junket business. A review of the literature and interview findings indicates that junket operators may play a more important role with the economic slowdown, since their business is focused on bringing patrons from strong regional or national economies. This can be achieved by adopting certain location-specific strategies to match changes in the regional market. Diversified product offerings, rather than price reductions, are critical to entice premium patrons in the face of increasing casinos in nearby region. Despite the economic contribution of the junket business, some junket practices might be perceived as exploitative of patrons. Apart from the appropriate balance between the public policy to minimize social costs and an appropriate regulatory standard, a jurisdiction needs to consider such local contexts as its unique culture and junket operators’ intention to promote their interest, in order to better regulate the junket business.

Disaster Prevention Achieved

2021 ◽  
Author(s):  
Andrew J. McLean ◽  
Donald P. Schwert ◽  
Kathleen M. Macek-Rowland ◽  
Thomas M. DeSutter ◽  
H. Katherine O'Neill ◽  
...  
Keyword(s):  
Community Resilience ◽  
Lessons Learned ◽  
Red River ◽  
Disaster Prevention ◽  
Upper Midwest ◽  
The North ◽  
Health Leadership ◽  
The Us ◽  
The Face

Many communities in the US Upper Midwest have been battling record floods in recent decades. This chapter focuses on a spring flood event in 2009, when the Greater Fargo area avoided destruction from the Red River of the North by utilizing mitigation efforts. Included in the undertaking was the mobilization of the community to place millions of sandbags, as well as the creative repurposing of resources. This case study presents a model of community resilience in a geographically vulnerable region. It illustrates the achievement of flood disaster prevention in the face of imminent and severe threat; the reinforcement and enhancement of community resilience based on averting disaster; the channeling of fear-related behaviors into constructive community actions; and the complexity of factors that create unique flood risks along the Red River of the North. Lessons-learned provided for not only a recovery framework, but also a recognition of the value of behavioral health leadership in disaster situations.

Russian Banking System under Conditions of Global Crisis

2009 ◽  
pp. 4-14 ◽  
Author(s):  
G. Gref ◽  
K. Yudaeva
Keyword(s):  
Banking System ◽  
Commodity Prices ◽  
Financial Sector ◽  
Banking Crises ◽  
Economic Recovery ◽  
Balance Sheets ◽  
Current Economic Crisis ◽  
Risk Appetite ◽  
The Us ◽  
The Face

Problems in the financial sector were at the core of the current economic crisis. Therefore, economic recovery will only become sustainable after taking care of the major weaknesses in the financial sector. This conclusion is relevant both for the US and UK - the two countries where crisis has started, and for other economies which financial institutions turned out to be fragile in the face of the swings in the risk appetite. Russia is one of the countries where the crisis has revealed serious deficiency in the financial sector. Our study of 11 banking crises during the last 25-30 years shows that sustainable economic recovery and decrease in the dependence on commodity prices will be virtually impossible without cleaning of balance sheets and capitalization of the financial sector.

Comparative Management of Human Resources between USA and Japan

2018 ◽  
Vol 9 (1) ◽  
pp. 93-100
Author(s):  
Evelyne Ingrid Mitu ◽  
Mile Vasic
Keyword(s):  
Human Resources ◽  
Labor Relations ◽  
Management Styles ◽  
Cultural Management ◽  
Japanese Management ◽  
Global Competitiveness ◽  
Comparative Management ◽  
The Us ◽  
Huge Impact ◽  
National Economies

Abstract Despite the differences between Japanese and styles, both will have a huge impact on their national economies. In terms of cultural management styles will continue to present significant differences. Although nothing is certain, both Americans and Japanese must continue to adapt their management styles to maintain global competitiveness. In general, human resources, labor relations within organizations are mainly features that differentiate the Japanese management system of other countries, especially the US.

Too WEIRD, Too Fast: Preprints about COVID-19 in the Psychological Sciences

2020 ◽  
Author(s):  
Arathy Puthillam
Keyword(s):  
Overwhelming Majority ◽  
Global Pandemic ◽  
The Us ◽  
The World ◽  
The Face ◽  
Conducting Research ◽  
Psychological Studies

That American and European participants are overrepresented in psychological studies has been previously established. In addition, researchers also often tend to be similarly homogenous. This continues to be alarming, especially given that this research is being used to inform policies across the world. In the face of a global pandemic where behavioral scientists propose solutions, we ask who is conducting research and on what samples. Forty papers on COVID-19 published in PsyArxiV were analyzed; the nationalities of the authors and the samples they recruited were assessed. Findings suggest that an overwhelming majority of the samples recruited were from the US and the authors were based in US and German institutions. Next, men constituted a large proportion of primary and sole authors. The implications of these findings are discussed.

Innovationsmotor Medientechnik – Von der Schreibmaschine zur «Mittleren Datentechnik» bei der Siemag Feinmechanische Werke (1950 bis 1969)

2021 ◽  
Vol 66 (1) ◽  
pp. 93-117
Author(s):  
Christian Henrich-Franke
Keyword(s):  
Data Processing ◽  
New Technologies ◽  
Strategic Decisions ◽  
Adverse Conditions ◽  
Family Enterprise ◽  
The Us ◽  
Innovative Products ◽  
The Face ◽  
The Media ◽  
The 1960S

Abstract The second half of the 20th century is commonly considered to be a time in which German companies lost their innovative strength, while promising new technologies presented an enormous potential for innovation in the US. The fact that German companies were quite successful in the production of medium data technology and had considerable influence on the development of electronic data processing was neglected by business and media historians alike until now. The article analyses the Siemag Feinmechanische Werke (Eiserfeld) as one of the most important producers of the predecessors to said medium data technologies in the 1950s and 1960s. Two transformation processes regarding the media – from mechanic to semiconductor and from semiconductor to all-electronic technology – are highlighted in particular. It poses the question of how and why a middling family enterprise such as Siemag was able to rise to being the leading provider for medium data processing office computers despite lacking expertise in the field of electrical engineering while also facing difficult location conditions. The article shows that Siemag successfully turned from its roots in heavy industry towards the production of innovative high technology devices. This development stems from the company’s strategic decisions. As long as their products were not mass-produced, a medium-sized family business like Siemag could hold its own on the market through clever decision-making which relied on flexible specialization, targeted license and patent cooperation as well as innovative products, even in the face of adverse conditions. Only in the second half of the 1960s, as profit margins dropped due to increasing sales figures and office machines had finally transformed into office computers, Siemag was forced to enter cooperation with Philips in order to broaden its spectrum and merge the production site in Eiserfeld into a larger business complex.

Universality, Quality & Economics: Finding a Balance in Ontario and British Columbia

1994 ◽  
Vol 20 (1-2) ◽  
pp. 203-229
Author(s):  
John D. Blum
Keyword(s):  
Health Reform ◽  
New Ventures ◽  
The United States ◽  
High Price ◽  
Social Programs ◽  
Policy Makers ◽  
High Expectations ◽  
The Us ◽  
Acceptable Model ◽  
National Economies

National economies worldwide are in disarray, evidenced by escalating debts and growing deficits. As countries struggle with their faltering economies they are hard pressed to fulfill commitments of social programs made in more prosperous times, much less take on new government initiatives. The current experiences in health reform in the United States present an interesting example of the dilemmas governments now face when they embark on new ventures. While great political pressures have been launched and high expectations abound, the reality of American health reform quickly reveals that expanded access will come at a high price that won't be offset easily by conventional cost containment or market forces.In the search for an acceptable model for health reform, it was popular for policy makers and academics to turn their attentions to the health systems of other nations. Recommendations were made that the US should adopt a German or Canadian solution for our health problems.

scholarly journals Psychodynamics of imagination failures: Reflections on the 20th anniversary of 9/11

2021 ◽  
pp. 135050762110097
Author(s):  
Amy L Fraher
Keyword(s):  
Lessons Learned ◽  
Macro Level ◽  
Future Research ◽  
September 11Th ◽  
Empire Building ◽  
Public Inquiry ◽  
The Us ◽  
New Type ◽  
20Th Anniversary ◽  
Psychodynamic Understanding

This article aims to advance the psychodynamic understanding of imagination failures by studying lessons learned in the US government’s public inquiry into September 11th, 2001 (9/11). Analyzing the findings of The 9/11 Report, I theorize that two forms of macro-level hubris—America’s “hubris of empire-building” and Al Qaeda’s “hubris-nemesis complex”—amalgamated in a uniquely generative manner leading to events on 9/11. Previous studies of public inquiries often demonstrate that inquiry reports are monological story-telling performances used to create sense-making narratives that function hegemonically to impose a simplified version of reality to assign blame and depoliticize events in order to facilitate closure after shocking events. In contrast, findings here suggest that by constructing a critical narrative, The 9/11 Report may serve as a new type of public inquiry report that invites learning about the complex factors that underpin crisis. The article concludes by identifying fruitful areas of future research and ways to theorize further about the collective psychodynamics of macro-level hubris and the psychodynamic factors that hinder learning and contribute to imagination failures.

Denaturalizing the Monroe Doctrine: The rise of Latin American legal anti-imperialism in the face of the modern US and hemispheric redefinition of the Monroe Doctrine

2020 ◽  
Vol 33 (3) ◽  
pp. 541-555
Author(s):  
Juan Pablo Scarfi
Keyword(s):  
International Law ◽  
Latin American ◽  
Elastic Behaviour ◽  
Legal Tradition ◽  
Social Scientists ◽  
Monroe Doctrine ◽  
The Us ◽  
The Face ◽  
History Of ◽  
Pan Americanism

AbstractThe Monroe Doctrine was originally formulated as a US foreign policy principle, but in the late nineteenth and early twentieth centuries it began to be redefined in relation to both the hemispheric policy of Pan-Americanism and the interventionist policies of the US in Central America and the Caribbean. Although historians and social scientists have devoted a great deal of attention to Latin American anti-imperialist ideologies, there was a distinct legal tradition within the broader Latin American anti-imperialist traditions especially concerned with the nature and application of the Monroe Doctrine, which has been overlooked by international law scholars and the scholarship focusing on Latin America. In recent years, a new revisionist body of research has emerged exploring the complicity between the history of modern international law and imperialism, as well as Third World perspectives on international law, but this scholarship has begun only recently to explore legal anti-imperialist contributions and their legacy. The purpose of this article is to trace the rise of this Latin American anti-imperialist legal tradition, assessing its legal critique of the Monroe Doctrine and its implications for current debates about US exceptionalism and elastic behaviour in international law and organizations, especially since 2001.

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