September 28, 2005
~ Know When to Walk Away / Know When to Run ~

Pat gets a jackpot of a no-prize for bringing us news of a gamble with one helluva payoff:

The city of Biloxi, home to a dozen floating casinos smashed by Hurricane Katrina, took a gamble that paid off.

Two months before the storm struck Aug. 29, the coastal town of 50,000 secured an insurance policy against a catastrophic event like a hurricane disrupting its stream of gambling revenue.

If it had been anything else... say, fire insurance, or maybe a stock sale, there'd probably be a whole lot of noise about corruption. As it stands, all the busybodies and opposition leaders can do is sit back and wonder.

Posted by scott at September 28, 2005 01:46 PM

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