Posted inMoney, Politics, and Power

How Low Can You Go?

Gambling on the Presidency T he College of Business Administration at the University of Iowa runs the Iowa Electronic Market, a futures market on this year’s presidential election. Anyone can buy a contract on President Clinton, the yet-to-be-designated Republican candidate, or someone else. It’s a winner-take-all market: Contracts on the winner pay off at $1 […]

Posted inMoney, Politics, and Power

America’s Parliamentary Election

The 2000 presidential election, we’ve all heard, is “front loaded” because early primaries are likely to decide the nominations, and candidates consequently have had to accumulate money and support long in advance. But this past year, the race became front loaded in another way- many people were already bored when it had scarcely begun. Very […]

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