How ‘Advantage Players’ Game the Casinos
They’re not cheaters. Instead, they hone the sharpest (legal) edge they can.
Hasnain says:
"A month later, I met with a woman notorious for having won more than $20 million from casinos in less than five years. Her name was Cheung Yin Sun. Elite Western gamblers and rattled casino bosses know her as Kelly, a fast-talking, sunglasses-wearing advantage player in her 40s. Her father, now deceased, was a wealthy factory owner based in Hong Kong. She says she lost $20 million of his money playing baccarat and slot machines. She claims to be unbothered by having blown a fortune in gambling dens around the world. In fact, she all but brags about her losses."
Posted on 2016-07-05T06:24:58+0000
How Facebook Tries to Prevent Office Politics
Five tactics to keep company culture healthy.
Hasnain says:
"I’ve seen lots of cases where someone goes to their manager to protest a decision — on the direction of a project, resource allocations among teams, or something similar — on the basis that the decision was driven by politics or some other personal factor. More often than not in cases like these, the leadership team and the team’s managers simply haven’t done a good enough job of explaining the decision in the context of the company’s broader priorities. When we dig in and provide that additional context, the notion that the decision was politically driven is dispelled."
Posted on 2016-07-05T05:50:45+0000
Amazon Is Quietly Eliminating List Prices
As retailers face consumer lawsuits over discounts, Amazon is changing the way it presents bargains to customers.
Hasnain says:
"The problem with list prices or, as they are sometimes called, manufacturers’ suggested retail prices, is that they are regularly more of a marketing concept than what anyone is actually charging. When Amazon was saying the list price of the Breville Infuser was $800, Breville itself was selling the machine for $500 — about the same as Amazon. Other retailers sell it for $500, too. Breville confirmed the price was $500."
"The shift away from list prices is taking some merchants on Amazon by surprise. A seller named Travis complained in an Amazon forum that the list price on his product — which he did not identify — had disappeared from the site. “I’m well aware that it is bogus but it is a common marketing tactic that works very well at boosting sales,” he wrote."
Posted on 2016-07-05T01:36:02+0000
No grades, no timetable: Berlin school turns teaching upside down
Pupils choose their own subjects and motivate themselves, an approach some say should be rolled out across Germany
UAE warns travelers not to wear traditional dress after Emirati visitor is arrested in Ohio
Police and officials in the Ohio town where the incident occurred later apologized.
Home Computers Connected to the Internet Aren't Private, Court Rules
A judge in Virginia rules that people should have no expectation of privacy on their home PCs because no connected computer "is immune from invasion."
Employee 1: Yahoo · The Macro
A conversation with Tim Brady, Yahoo's first employee and current YC partner. Employee 1 is a series of interviews focused on sharing the often untold stories of early employees at tech companies. Tim was the first employee at Yahoo, its Chief Product Officer for eight years, and is now a partner at...
The Universe of Discourse : Don't tug on that, you never know what it might be attached to
This is a story about a very interesting bug that I tracked down yesterday. It was causing a bad effect very far from where the bug actually was.
The Day I Got My Green Card
A London-born writer never felt he truly belonged in the places he and his family were from: India, Pakistan, Britain. In America, finally, he feels free—and at home.
Hasnain says:
Interesting story about intolerance, nationalism, tolerance, and immigration, by Aatish Taseer.
Though I don't get why anyone would put their green card up on the internet (with the id blurred, which can be reversed)
Posted on 2016-07-03T18:12:08+0000
Syria’s Refugee Children Have Lost All Hope
Young Syrians living in Lebanon are attempting suicide in ever greater numbers.
Hasnain says:
“She was between life and death,” Sanaa says, stroking her daughter’s hair. “I asked her, ‘My daughter, why did you drink the poison?’ She said, ‘Mama, there are seven of us and you work and work to feed us, but you can’t keep up. Without me, there will be one less person to feed.’ When she said that, I couldn’t stop crying.”
Posted on 2016-07-02T07:25:56+0000