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Good Day, Bad Day
January 10, 2008
GOOD DAY FOR: Betting on a dark horse, after online gamblers who placed $100 on Hillary Clinton to win in New Hampshire Tuesday earned payoffs of up to $10,000, according to data from Irish online prediction market Intrade. “Certainly those long-shot bettors are looking very happy,” said Wharton School of Business professor Justin Wolfers. (Bloomberg)
BAD DAY FOR: A power nap, after security firm Wackenhut’s CEO, Gary Sanders, resigned amid controversy over a company guard who was caught sleeping while guarding a nuclear reactor in Pennsylvania. Wackenhut guards 21 commercial nuclear plants in the U.S. Exelon canceled Wackenhut’s contracts to guard its 10 nuclear plants last month. (The Washington Post, free registration)
of The Week magazine.