“Arbitrage”: Critics rate Richard Gere’s new film

The New York Post’s Klye Smith wrote, “And as for that so-called Oscar buzz for Mr.

Peter Travers of Rolling Stone: “Richard Gere’s performance in the sinfully entertaining ‘Arbitrage’ is too good to ignore…he is at the peak of his powers.”

Gere has attracted attention for his acting in the film, with Manohla Dargis of The New York Times noting, “Mr. Gere, allow me to apply a little buzzicidal ointment. All Rights Reserved. Gere and Sarandon previously appeared together on the big screen in the 2004 romantic comedy “Shall We Dance.”

See what else critics are saying:. He ends up making a mistake that forces him to turn to an unlikely person for help.

(CBS News) Richard Gere is back in the shoes of an investor powerhouse, portraying fictional New York hedge fund magnate Robert Miller in “Arbitrage,” which hits theaters today. Pols of TIME: “The main reason to see ‘Arbitrage’ is Gere, whose steady improvement with age (he just turned 63) is not remarked upon enough.”

Kyle Smith of The New York Post gave it 2 out of 4 stars: “‘Arbitrage’ is a decent enough way to spend your time compared to, say, waiting on line at the grocery story.

Roger Ebert of The Chicago Sun-Times: “Hitchcock called his most familiar subject ‘The Innocent Man Wrongly Accused.’ Jarecki pumps up the pressure here by giving us a Guilty Man Accurately Accused, and that’s what makes the film so ingeniously involving.”

Christy Lemmire of The Associated Press: “Gere is so charming, so irresistible when he’s on top of the world – when he’s got all those plates humming in unison – that he kind of makes you root for his character to get away with it all.”

But not everyone agrees. But why grade on a curve? Every episode of ‘Law & Order’ I’ve ever seen has a more complicated and plausible plot, punchier dialogue and more New York authenticity, all in less than half the time consumed by this poky would-be finance thriller.”

Richard Gere in a scene from “Arbitrage.”


The 63-year-old “Pretty Woman” actor stars alongside Susan Sarandon and Tim Roth in the drama about a man desperate to complete the sale of his trading empire.

AP Photo/Roadside Attractions

The critics have chimed in on the new Nicholas Jarecki-directed film, with Rotten Tomatoes giving “Arbitrage” a very respectable 81 percent rating. He’s the film’s most deluxe item.”

Pictures: Richard Gere

Watch: Gere and Sarandon discuss their new film, “Arbitrage”

Pictures: Fall Film Preview 2012

© 2012 CBS Interactive Inc. Gere is one of cinema’s great walkers, graced with a suggestively predatory physical suppleness, and he slips through the movie like a panther. Clint Eastwood’s chair has a better shot at an Oscar nomination.”

Peter Debruge of Variety: “Between this cast and the conviction Jarecki brings to the table, the film feels incredibly accomplished for a first feature.”

Mary F… More Info

Bet You Didn’t Know These Little-known Facts About Minke Whales

Apart from the North Atlantic and North Pacific, these whales can also be seen in the Southern Hemisphere.

The range of dwarf minke whales may sometimes overlap with that of the Antarctic ones. Minke whales are highly migratory, especially the common minke whales. Sometimes, these whales are seen in bays and estuaries too.

. During summer, they can be found in regions where there are thick layers of ice. Antarctic minke whales are found in large numbers in areas, like Prydz Bay, the Weddell Sea, and the Ross Sea. They can be seen in both coastal and offshore waters. While common minke whales are found in most of the oceans in the Northern Hemisphere, the Antarctic ones are found in the Southern Hemisphere. They can be found in oceans near Australia and South Africa. The common minke whales are found in almost all oceans, especially in the latitude range of 65°S to 80°N. The latter can be seen in the southern Atlantic Ocean, between 20°S to 65°S… More Info

Break a leg! Judi Dench won’t bet on Oscar win | Reuters

Other contenders include Kate Winslet, Penelope Cruz and Meryl Streep.

The film about a school sex scandal in a working class London neighborhood won cheers from critics and four Oscar nominations, including her best actress nomination for a manipulative spinster, and the adulterous Cate Blanchett for best supporting actress.

Blanchett, sitting two seats to her left at the news conference, smiled but declined to offer any gambling advice.. She was also nominated for best actress for “Iris” in 2001 and “Mrs.

BERLIN Dame Judi Dench advised punters on Monday not to bet on her winning at the Oscars, joking that not even the superstitious theatrical saying “Break a leg!” could bring her good luck as her leg would be in a cast.

“The thing about the Oscars, it’s strange because in the theater you would say ‘Break a leg’,” Dench, 72, said. Henderson Presents” in 2005.

She said she felt honored to be named Dame Judi Dench at home in Britain but added the title posed problems abroad.

The veteran British actress, who won best supporting actress for “Shakespeare in Love” in 1998 and was nominated for four other movies in the past decade, said surgery meant that she would not be at the Oscars ceremony in Los Angeles on February 25.

“Don’t put any money on me because you’ll lose,” Dench said at a good-humored news conference at the Berlin Film Festival when asked about the chances of winning best actress Oscar for her role in the acclaimed film “Notes On A Scandal”.

Dench and Dame Helen Mirren, 61, for “The Queen”, are seen by bookmakers as front-runners in the best actress Academy Award. I don’t think that’s altered me in any way or anyone’s attitude toward me.”

FRONT-RUNNERS

“I will watch and cheer from my bed.”

“It’s a wonderful honor to be made a Dame but it makes it difficult for you when you go to America because there it is something different to be a dame,” she quipped.

Dench was nominated for best actress for “Mrs. I’m going to have my leg broken and put back together.

“So no one knows what to call you there. So I don’t mind that. It’s better to be just called Judi. “I can’t because I’m to have a knee operation. I can’t go to the awards. Brown” in 1997 and best supporting actress in “Chocolat” in 2000… More Info

China bitcoin arbitrage ends as traders work around capital controls | Reuters

But the same technique has been used to move funds in the other direction.

Traders could earn profits by buying bitcoins using dollars on a foreign exchange such as Mt. But because such currencies carry hefty charges, this method is only profitable when the bitcoin spread is very wide.

RAPID EVOLUTION

SHANGHAI The price gap between bitcoins trading in Chinese yuan and those sold for other currencies has evaporated in recent days, highlighting the porous nature of China’s capital controls.

A Shanghai-based fixed income fund manager dismissed capital controls as a barrier to shifting money around. Early this month, Chinese media began reporting that investors from Wenzhou, the east coastal city known for its entrepreneurial and speculative zeal, were piling into bitcoin.

Mis-invoicing in China resulted in illicit outflows worth $3.79 trillion between 2000 and 2011, according to a report last year by Global Financial Integrity, a think tank and advocacy group in Washington.

Some bitcoin speculators are also likely resorting to other tried-and-true methods for skirting China’s capital controls. The most common is falsified trade invoices, which disguise movements of speculative cash as payments for goods and services.

By Gabriel Wildau

| SHANGHAI

Chinese bitcoin chat rooms buzzed last month as investors noticed that the digital currency as sold on China’s biggest exchange was more expensive, in dollar terms, than bitcoins traded abroad using dollars, creating a tempting arbitrage play.

Wenzhou’s famously tight-knit, business-savvy global diaspora has given rise to the adage “Wherever there’s a market, there are Wenzhou people” and offers Wenzhou investors ready access to foreign currency.

“Insane bitcoin. SOPHISTICATED ARBITRAGEURS

Those suspicions centered on the conversion of dollars to yuan in order to profit from appreciation of the Chinese currency. An announcement by China’s central bank last week forbidding commercial banks from dealing in bitcoin also contributed to the price decline on BTC China.

He told Reuters that he used RChange, an online currency exchange and payment service based in the Seychelles, to exchange yuan for commercially-operated electronic currencies such as OKPay and EgoPay, which are accepted by several international bitcoin exchanges. If you’ve got dollars, hurry and do arbitrage,” a user called ‘foxtree’ wrote on Weibo, a Twitter-like micro-blogging platform, on November 19, the day the gap peaked at more than 30 percent.

But analysts say the price convergence also reflects the rapid evolution of the bitcoin market, which began with technology enthusiasts but quickly expanded to include those with the financial know-how to evade China’s strict capital controls.. “All of my clients have plenty of money offshore already,” he said.

Indeed, unexpectedly strong export growth in November reignited suspicions that official data had been inflated by fake invoicing.

“Certainly a portion of the premium on BTC China was a result of the fact that any coins sold would be in RMB, which isn’t the most portable currency,” said Zennon Kapron, head of Kapronasia, a Hong Kong-based finance and technology consultancy, using an alternate term for the Chinese currency.

(Additional reporting by Shanghai newsroom; Editing by Richard Borsuk)

A key driver of the price gap was China’s capital controls, which make it difficult for speculators to swap yuan proceeds from the sale of high-priced Chinese bitcoins into dollars.

A 27-year-old e-commerce professional from the east coast city of Xiamen, who goes by the screen name ‘King,’ is typical of early-wave amateur punters.

“So if you did trade that market, getting your money back into another currency is more difficult,” he said.

Recently, as bitcoin has grown in popularity, more sophisticated arbitrageurs have stepped in. Gox, reselling them for yuan at the higher price on BTC China, the main local exchange, and finally converting the yuan back to dollars.

In recent days, however, the spread between bitcoins as priced in yuan and those priced in dollars has disappeared… More Info

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Casino-Gaming :: Gambling Heroes | ArticleBiz.com

For a person had to collect various ingredients such as cards, table, dice, coins etc. After this the ‘deal’ button is to be pressed to draw the cards. to play. Moreover with the arrival of online gambling, gaming has reached in every corner of the world. If the hand matches one of the winning hands in the posted pay schedule the machine offers a payout. Then the player gets a chance to hold or reject one or more of the cards in exchange for a new card, which is drawn by the player from the same virtual deck. Nowadays the enticement of gambling is at a surge. Poker is the well-known game of skill. This is why apart from ordinary people it is commonplace to see celebrities gambling in some or the other big casino. Internet is a good way to know about these moneymaking games.

Gambling is one amongst the most eminent sources of entertainment today. It is legalized only at few places such as Las Vegas. The winner of the game (who has the best combination of cards) takes away this pot. Blackjack is popular for card counting, a skill with which players can turn the odds of the game in their favor by making betting decisions based on the values of the cards known to remain in the deck. This sort of gambling can be within the four walls of a casino or at home. It is also the cause of livelihood for many people. It’s also known as twenty-one and pontoon in British English. For instance betting on horse race, car races, sports betting are all different types of gaming because in these cases too a person puts an amount of money at stake, calculates the odds etc. The game of video poker is quite popular in Las Vegas.

Broadly speaking gambling is of two forms. People cherish these games across the globe. Besides this there is gambling related to gambling tables, deck of cards, slot machines and the like. Gambling is all about wagering money usually to acquire more wealth or even things of material significance.

All these games have different rules and regulations. This is followed by a machine evaluation of the hands. Prior to playing any game it is better to get acquainted with its rules first. One that relates to playing casino games and the other to bets on various sports. Few decades from now, gambling at home meant lot of expense and work. Its addiction can be disastrous to the concerned person as well as his entire family.

Some of the most common gambling games are poker, baccarat, blackjack, video poker, slot machines etc. It is played by placing a bet of one or more credits and by inserting money into the machine. Though gambling is also a good source of revenue yet is proclaimed illicit in most parts of the world. . However all the players should take gambling in a sporty spirit only. In poker players make wagers into a central pot with fully or partially concealed cards. But today with the advent of online gaming any gambling aficionado can relish gaming while relaxing on his couch. Blackjack is the game of card counting. it provides a rule book for almost every game… More Info

Online Gambling: A Growing Addiction

The sharing of experiences with friends, family, like I’ve never seen before. He served a year in prison and now works for a compulsive gambling helpline. Win or lose, it didn’t matter to me, it just set me up to bet again.”

But soon, it spiraled out of control.

The problem is affecting younger people as well. “It’s American, like apple pie. The lining up the money, the handicapping of the game, the betting of the game, the watching of the game. Drawn in by the popularity of poker, half of all men in college are gambling on an monthly basis — even though betting on sports is illegal everywhere in the U.S. And when they caught on, he left his family and fled.

“I think it’s a devastating illness, it’s an illness that if it’s not treated, it will end up that the person’s whole lifestyle will be affected,” said Ed Looney, executive director of Council on Compulsive Gambling of New Jersey.

“I became this person I didn’t know,” he said. Then, it’s March Madness, where many participate in an office betting pool.

Mark Erickson always craved a piece of the action — so the accountant from Phoenix started betting on sports over the Internet.

. He credits a 12-step program to helping him overcome his problem, and he has not gambled in almost four years.

“I’ve heard other people compare it to a cocaine addiction, the high you get from that, and that’s the euphoria I felt,” he said. The college bowl games this weekend lead to the NFL playoffs and the Super Bowl. People love to bet on their football games.”

After 23 days on the run, Erickson turned himself in. There are an estimated 6 million people who deal with the problem in the United States. People love to bet on it. “It becomes an all-consuming activity. As gambling on the Internet becomes more popular and more sites crop up, those numbers are expected to increase.

Nevertheless, the industry rakes in mind-boggling amounts of cash. “But I thought this must be what I have to do. I got to get myself out of it.

“Life is great,” Erickson said. These are things that I avoided my whole life, not choosing to be a part of, but today I cherish them.”

It is now high season for sports betting. He considered going to Mexico and if he couldn’t kill himself there, he’d pay someone else to do it, he said.

If you or your loved ones has a gambling problem, help can be found at the National Council on Problem Gambling.

‘A Devastating Illness’

Erickson is a compulsive gambler, a condition just as dangerous and debilitating as drug or alcohol addiction. I got myself into this. except Nevada.

Three and a half years ago, Erickson accrued $400,000 in gambling debts. Desperate, he began stealing from his clients. “The miracles I’ve experienced.

The situation became so dire, that Erickson contemplated killing himself. That will always be there. By some estimates, $7 billion is wagered on the Super Bowl alone in casinos, online and with bookies.

“Sports betting is the rock of Gibraltar,” Looney said… More Info

How to Bet Basketball – A Beginner’s Guide

If I bet $11 on the Celtics and you bet $11 on the Knicks, the bookie collects $22 between us, but only returns $21 to the winner. One is the money line wager, which is a bet on the winner of the game without the point spread. But because some teams are given a better than 50-percent chance of winning, money line wagers are made using odds, so that if you bet on the team expected to win you will be asked to risk considerably more than you stand to win.

When betting against the point spread, bettors are asked to lay 11-to-10 odds, which means that they risk $11 to win $10. Along with football, basketball use the point spread for wagering on sides (teams), as well as an over/under number. If you know how to bet on football, you already pretty much know how to bet on basketball.

The most common method of betting basketball involves the point spread, which is a handicap the sportsbooks impose on one team to make both teams equal in terms of betting. Even if you correctly pick five out of six games, a parlay or teaser wager is still a loss.

In our hypothetical game between the Knicks and the Celtics, the over/under number might be 188. The extra dollar is essentially the bookie’s fee for accepting our wagers.

TotalsThe second most popular method of wagering on basketball is in betting totals, also known as over/unders. But say the point spread will make the Celtics a 10-point favorite.

What this means is that the Celtics have to win by 11 or more points for its bettors to win their bet, while those betting on the Knicks would win their wagers if the Knicks won the game or lost by nine points or less. The team expected to win gives, or lays, points to the team expected to lose for betting purposes.

Both wagers are described in more detail at How to Bet Parlays and How to Bet Teasers.

Betting basketball isn’t difficult and it typically ranks second in terms of betting dollars behind football. A number will be posted and bettors have the option of wagering more than the predicted total points will be scored (over), or less than the predicted total points will be scored (under).

By Allen Moody

How to Bet BasketballOf the four major sports, basketball is one of the easiest to bet on. For a more detailed explanation of totals see Introduction to Totals.

Essentially, a total is the predicted combined score of the two teams playing. Again, if the combined score is exactly 188 points, the bet is considered a push, or a tie, and no money changes hands.

With the point spread, the team expected to win will be called the favorite, while the team expected to lose will be called the underdog. More about money line betting can be found at Introduction to Money Lines.

The money line odds on a game will look something like:

What this means is that bettors taking the Celtics are asked to put up $30 to win $10, while those believing the Knicks will win are asked to risk $10 to win $24.

. For a more detailed explanation of the point spread see Introduction to Point Spreads.

Boston Celtics -300

New York Knicks +240

All sports betting was done with money lines at one point, but with too many people betting on the obvious favorites all of the time, the point spread was introduced and sports betting hasn’t been the same since.

If the Celtics are playing the Knicks, most bettors would bet on the Celtics to win the game. This is how the bookies and sportsbooks make their money. On parlays, bettors have the option of betting against the point spread or using the money line, while teasers are made using the point spread and players can adjust the point spread in their favor.

The one catch about parlays and teasers is that all of your teams must win or the entire bet is a loss. In parlays and teasers bettors must correctly predict the winners of two or more games. Many fans find that dealing with the point spread, or with totals, easier than using the money line.

Just as with the point spread, bettors are asked to lay 11-to-10 odds and risk $11 to win $10 on each over/under wager.

Money Line WagersWhile betting against the point spread or on totals make up the vast majority of basketball wagers, bettors also have several other betting options available to them. Bettors wagering on the over would win their bets if the total combined score was 189 or greater, while bettors wagering on the under would win their bets if the combined total score was 187 or fewer points. If the Celtics win by exactly 10 points, the bet is a push, or a tie, and no money changes hands.

7 Steps to Organize Your Craft Room

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Parlays and TeasersThe other types of wagers involving basketball come in the form of parlays and teasers, which are sometimes called exotic bets… More Info

Baseball Handicapping Formula – How To Become Great at Baseball Handicapping

Part of being a good handicapper is promoting yourself as one. You just start analyzing ball games and select your winners. This formula must be battle tested. Baseball handicapping is not all based on skill. They must be up to date with all trades, injuries, trends and current statistics. That is the easy part just about all handicappers claim to be the best.. A handicapper that just picks games without close examination is one that I would avoid. Then there are the side variable such as weather conditions, disputes among the players sand mental state of the players. The only way to test a formula is to use through an entire baseball season.

I would define the best baseball handicapper a one who is truly knowledgeable on the sports. Anyone can create a formula and start using it, but it has to be tested. Follow the game, use a proven baseball betting formula, there are many available. For effective baseball handicapping you need to follow a formula. You might have a nice run for a week, start thinking you have the best system in the world then lose the next 10 games. The only way to fully grade a handicappers picks is over the entire season.

Just what is a baseball handicapper? According to Wikipedia: Baseball Handicapping is the practice of assigning advantage through scoring compensation or other advantage given to different contestants to equalize the chances of winning. Many get lucky but luck only happens occasional. Luck has a lot to do with it. Be consistent with your bets and use proper money management and you will the best baseball handicapper.

The fact is anyone can claim to be good at baseball handicapping. A good handicapper will take all this information and plug into their handicapping formula.

Now a proven winning formula is mandatory. It is better to be lucky than be good, right. There is no license or certification required. Don’t confuse being lucky for being good.

The best baseball handicappers in one who thoroughly follows the game, uses a proven system along with all those miscellaneous variables to determine their selections. Let’s make it simple and say that a baseball handicapper is a person that analyzes two baseball teams and attempt to picks the winner.

Now you are probably reading this article because you want to know who is best. My feelings on this are not one individual can be giving that title. There is no government rating nor is there any real tracking system. I am a true believe that anyone can be the best baseball handicapper if they so desire. Baseball season is very long and there are many ups and downs for every team. Remember to distinguish the difference between just lucky and picking the right side… More Info

CNN – Gambling online? You bet!

(The company did not respond to repeated requests for an interview.)

Group calls for regulation of Net gambling

For years, another barrier to the growth of Internet gambling has been strong opposition from those most threatened by gambling sites: legal American casinos. Packer is a man with a voracious gambling appetite. Would-be wagerers open an account with a credit card, although some sites also accept cash and cashier’s checks. If, on the other hand, an activity is in the physical world – betting on horses, or casino betting with Indian tribes – it becomes subject to federal criminal sanction when it occurs in cyberspace.

Finally, the DoJ believes that any federal law must recognize that the Internet is different from other communications media: It’s a multifaceted communications medium that allows for both point-to-point transmission between two parties (like the telephone), as well as the widespread dissemination of information to a vast audience (like a newspaper). Almost all online gambling sites work the same. As Timothy L. Estimates range from $650 million to $1 billion a year, worldwide – a tiny fraction of the amount spent on more traditional formats. Today, Americans spend some $600 billion a year on legal gambling, making it by far the favored national pastime. One Australian state, Queensland, is already awarding licenses for online gambling, and others may follow soon. Says Opel, “Bringing in the big names and established companies only adds credibility and visibility to what we’re already doing.”

Is it legal?

A few hurdles have to be cleared before such ventures can take off – beginning with the federal government.

Does the seeming invincibility of online gambling make it an enticing business? Jason Ader of Bear Stearns, urges caution. The American Gaming Association, a trade group of gaming firms, maintains this view regarding online wagering: “The industry has been state-regulated and we think it should remain that way. (The company’s Indian casino and Web-development divisions make more.) “This is the really exciting point, because I know where it goes from here,” Speer said in an interview. Says Sinclair of Christiansen/Cummings: “You are going to feel more comfortable wagering with a Hilton than you will with Joe’s Casino.”

Take Interactive Gaming and Communications, another publicly traded company, located in Blue Bell, Pa. He claims Inland’s Internet gambling business went slightly into the black in March, on annualized revenues of about $1 million. … attorney’s office theoretically operate out of the Caribbean. “I wager on football games and usually bet in the neighborhood of $1,000 every weekend.

Internet Gambling Worldwide, Past and Future

One major barrier to profitability is the law.

Prosecutors focus on sports betting

Intriguingly, though, all the bets that make up the U.S. to gain access to offshore sites,” says Sebastian Sinclair of Christiansen/Cummings. I’ve not had problems being paid.”

Similarly, the Las Vegas-based public company American Wagering, owner of Leroy’s Horse and Sports Place in Nevada, also operates a sports gambling site located in Canberra called MegaSports (www.megasports.com.au).

The office of U.S. For one thing, gambling from one’s home allows for a variety of techniques that would get one tossed out of a regular casino.

If such gamblers are not satisfied by options available to U.S. White’s hesitancy suggests that the law may not be as solid as she thought when she indicted. The minimum amount to begin an account varies. One of Microsoft (MSFT)’s less-publicized adventures is Ninemsn, an Australia-based Internet service to which Bill Gates has pledged tens of millions of dollars. Her higher-ups in the Justice Department appear to agree. “Since there are no controls at present regarding Internet wagering, I would urge investors to shun these firms at present,” he says.

That partnership leads many observers to believe that an online casino – using Microsoft platforms, of course – is in the works. FBI agents placed bets on games – uniformly National Football League matches, although many other options are available – and followed up, whether they won or lost. Inland, for example, operates two Web sites in addition to the one bearing Kenny Rogers’ likeness: Casinoaustralia.com and Goodluckclub.com. Casino games are available on a site or via downloadable software. But according to Inland CEO Don Speer, elusive profits need not be one of them.

First, legislation should treat physical activity and cyberactivity in the same way. For decades, Vegas was about the only legal option for gamblers. “The telephone is being used to facilitate these wagers and I believe the government has a solid case,” explains Tony Cabot, a Las Vegas-based gaming lawyer and author of a book on Internet gaming.

But the growing acceptance of online betting and the Internet’s inherent ability to shatter jurisdictions bring the inconsistencies of American gaming law to a boil. Failure to account for that specificity in legislation could stifle the Internet’s growth or chill its use as a communications tool. According to an analysis by Sue Schieder of Rolling Good Times, the online gambling magazine, the new legislation would not punish the casual bettor. Nor would it prohibit online fantasy sports leagues, online lotteries in states where they are legal, or online betting on any live horse race where it would otherwise be lawful to wager.

You might think that the prospect of competing against the likes of Microsoft would terrify a $20 million company like Inland. Justice believes that any legislation addressing criminal misuse of computers or computer systems (including the Internet) should have three vital characteristics. That makes for an Internet gambling environment too porous for U.S law enforcement to plug. That may suggest that, as some legal observers have argued, the 1961 federal Wire Act is too old and too loosely written to prohibit online gambling. In most cases, this means operating out of Australia. Their case is based on the 1961 Wire Act. If an activity is prohibited in the physical world but not on the Internet, the Internet becomes a safe haven for … More Info