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The National Basketball Association claims to sell entertainment. Part of that entertainment is close, competitive contests with uncertain outcomes. However, hometown fans want the home team to win. Hence, the optimal probability that the home team wins a game, from the perspective of maximizing demand, lays somewhere between 0.5 and 1.0. Using data from individual games for the 2001-02 season, this optimal probability was estimated to be approximately 0.66. Fans want their home team to have about twice the chance to win a game as the visiting team.
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For more than 90 years, the coal-fired power plant in Glen Lyn, Va., has been churning out electricity and contributing to local prosperity. Of late, it has generated nearly a quarter of the revenue for the $1 million budget of the town. Yet, when the plant ultimately shuts down to comply with new federal air pollution regulations by the end of 2014, says Town Manager Howard Spencer, so too might the community of 200.
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It wasn't an easy week for Jerry Poepsel. Poepsel, the head juvenile officer at the Franklin County Juvenile Detention Center, had to tell his 13 employees that -- at the order of the Circuit Court Budget Committee -- the center will close its doors next year, possibly sooner.
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As Cameron Pack reflected on his close encounter in 2003, he said what struck him was how the almost-silent object slowly hovering above him was unlike anything he'd ever seen. In a black night devoid of stars or ambient light, Pack said he could see no familiar structure, shape or markings, and no illumination other than three bright yellowish-white triangularly patterned incandescent lights.
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REDLANDS - A water park development company is close to inking a deal that would make it the new owner of Pharaoh's Adventure Park, according to a company executive. Ladera Ranch-based Clearwater Waterpark Development has funding in place to take over the park and may close Pharaoh's as early as this week to make changes before reopening the park with a new name.
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[...] Close has gone on to enjoy a lifetime of benefits working in and around public parks and recreation.
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REDLANDS - A water park development company is close to inking a deal that would make it the new owner of Pharaoh's Adventure Park, according to a company executive. Ladera Ranch-based Clearwater Waterpark Development has funding in place to take over the park and may close Pharaoh's as early as this week to make changes before reopening the park with a new name.
