Pete Rose Describes Gambling Addiction

After 14 years of denials, Pete Rose has finally come clean and admitted he bet on baseball while manager of the Cincinnati Reds.

Rose says he was a big-time ...

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Profitable Waste

The lottery promotes the interesting moral notion that if people are inclined to waste their money, the government should make it fun for them. And take ...

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Gambling with Big Money

On February 26, 1995, Barings, the oldest bank in Britain, announced it was seeking bankruptcy protection after losing nearly one billion dollars in a ...

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