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Indian Rupee Rises to 2-Week High on Plan to Cut Budget Deficit | | Mar 2 |
India's rupee advanced to its strongest level in almost two weeks after Finance Minister Pranab Mukherjee pledged to rein in the budget deficit.
The currency appreciated for a second day, rising in tandem with the nation's stocks, after Mukherjee forecast in the Feb. 26 annual budget that the shortfall will shrink to 5.5 percent of gross domestic product in the 12 months starting April 1, down from a 16-year high of 6.9 percent in the current fiscal year. India will boost asset sales to as much as 400 billion rupees from about 250 billion rupees, he said.
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Poker and the Financial Crisis
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The financial crisis hitting the world has caused many people to be worried about the future. Jobs are scarcer, incomes are lower and investments are, for some, entirely wiped out. Where does all this financial doom and gloom leave the world of poker?
The Financial Crisis and Big Live Events
If last year's World Series of Poker is any indication, poker players have a fair amount of insulation against the economic crash. The 2008 World Series of Poker main event saw 6,844 players satellite in or put up the $10,000 entry fee, resulting in the second largest main event field of all time, and a first place prize of over nine million dollars.
In addition, World Series of Poker spinoffs, such as the World Series of Poker Circuit Tournaments and the World Series of Poker Europe, are seeing plenty of success, with full table after full table for every event. Poker is still going strong in other parts of the world as well, on the European Poker Tour, in Macau poker tournaments and on the Asian Poker Tour.
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