My favorite discovery of 2010 was Meghan Daum. Her first book was a collection of essays called My Misspent Youth, and I read it this year at once aghast that I hadn’t known about it before, and grateful to be able to come to it both fresh and late. Soon after, I sat on a beach in Maine, where the pretty scenery had a hard time competing for my attention with Life Would Be Perfect if I Lived in that House, Daum’s wrenching, funny memoir of real estate obsession and a more undefinable search for that thing called home. When I got back from that vacation, I put off more pressing reading responsibilities in favor of Daum’s novel The Quality of Life Report, which I loved hard and got sort of stuck in my head. A couple months after that reading binge, Daum almost died when she came down with a rare case of typhus. I’m so, so glad—in that slightly embarrassing but wonderfully pure way that we tend to feel about people we have a sense of devotion and connection to because they’ve given us great writing—that she’s okay.
I found out about Daum, in part, because I was following the coverage of Emily Gould’s memoir And The Heart Says Whatever, a book Daum blurbed and which was positioned as a sort of heir of My Misspent Youth. I was annoyed by the New York feature that seemed to draw slightly lazy parallels between the two smart, pretty lady writers, but having read both their books, it was less far off than I wanted to believe it was. Anyway, I loved Gould’s book. I cried at the end.
Aimee Bender’s aching novel The Particular Sadness of Lemon Cake was probably my favorite fiction of the year, though I’ve been (a bit belatedly) wrapped up in Jonathan Franzen’s Freedom for the past week, and am finding it as amazing and painful and funny and generally genius as everyone promised it would be. I’m torn about whether to huddle up with the last 75 pages of it before going out to celebrate the end of 2010, or whether to savor it a bit into the new year. This year I also read Philip Roth’s absolutely incredible and in no way overrated American Pastoral, making it kind of a big year in my life for big books by Great American Writers about sadly falling apart families and suburbia and idealism and trying hard to be good and do right by the world.
I also really enjoyed Elif Batuman’s justly praised The Possessed, and Sara Marcus’s vivd, impressive history of riot grrrl, Girls to the Front. I read a lot this year, and wrote about a lot of what I read, but as I’ve been reading Freedom I’ve been craving more reading experiences like it—not more books like it, which would be unfair and impossible, but time spent absorbed in books without worrying about taking notes and forming serious opinions about them. It’s getting harder and harder for me to read without doing that, which I’m okay with, and mostly can’t stop myself from doing anyway—until I let a story take me away without feeling any responsibility towards it, and remember what it was like to stay in bed all day with a book when I was a kid, not worrying what would come next.
For many years, I loved New Year’s Eve. I made a habit/ritual of remembering where I was and who I was with and what I did every December 31st, and mentally, somewhat masochistically, running through it every year. I was also the unofficial repository for other people’s basic recollections of those occasions, sometimes called on to remind everyone where we’d been the year (or 2 or 3) before. At some point in college I stopped being able to remember (possibly around the New Year’s spent at Alice’s parents’ house, getting drunk and then sick from too many—but not really that many!—margaritas). But I cared about doing this so much that the habit of loving the holiday naturally carried over, after the night stopped feeling quite so promising and important, through several years of doing not much and then being disappointed when something magic and memorable failed to materialize. This year I feel like I’ve finally sort of reconciled with all that. I’m putting on a new dress and going out. It’ll be fun, but more because it’s Friday than because of anything truly meaningful. (Which, to be optimistic in a resolution-y kind of way, might be the healthier outlook.) But I will be pulling out my notebook later this weekend and trying to account for all the years I used to remember, because I still can’t quite help myself.
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Former executives at embattled casino operator The Star put profit above risk when they failed to take action as junket operators potentially linked to crime gangs flaunted wads of cash and money in eskies, a judge has heard.
Lawyers for a slew of ex-heads from the embattled Star Entertainment Group appeared at the Federal Court as a lengthy hearing began on Monday.
The Australian Securities and Investments Commission alleges they breached their obligations to manage the dangers of possible money laundering and other criminal activity in its Sydney, Brisbane and Gold Coast casinos.
“This is a case about casinos and risk,” ASIC barrister Ruth Higgins SC said as she opened submissions on Monday.
“Not the risk involved when a player bets black instead of red in roulette or twists instead of sticking in blackjack.”
The Star executives and board behaved in “so incurious and complacent a manner” by allowing unacceptable legal, regulatory, financial and reputational risks within the group between November 2016 and March 2022, Dr Higgins said.
The firm maintained relationships with overseas junket operators, in particular one of the largest in Suncity, despite having evidence they were engaged in illicit activities and organised crime, she told Justice Michael Lee.
“ASIC’s case concerns the maintenance and escalation of these business relationships despite a slew of profoundly troubling, publicly available information about junkets.”
Junkets were ripe for exploitation because they obscured the origin of funds, she told the court.
They also led to vast sums of money with a higher risk of being associated with Chinese triads flowing into Australia after a prohibition on gambling in China, Dr Higgins said.
In Suncity’s dedicated space at The Star Sydney, known as Salon 95, bags of $50 notes were tied together with elastic bands, money was delivered to the service desk in blue esky bags and junket staff obscured the view of CCTV cameras by hiding under blankets, she said.
“These are acts uncluttered by subtlety and freighted with risk.”
Former chief executive Matthias Bekier, former company secretary and general counsel Paula Martin and former chief casino officer Greg Hawkins allegedly failed to promptly terminate or suspend the firm’s relationship with Suncity or inform the board of the risks.
The three executives were aware of repeated suspicious conduct by Suncity personnel at the Sydney casino, Dr Higgins said.
Former board members John O’Neill, Wallace Sheppard, Kathleen Lahey, Gerard Bradley, Sally Pitkin, Benjamin Heap and Zlatko Todorcevski allegedly failed to properly oversee The Star’s relationships with junket operators.
“The directors of Star knew enough and more than enough about the risks that arose from junkets and red flags in relation to the junkets that were in fact operating at Star’s casinos,” Dr Higgins argued.
Former The Star executives have also been accused of providing misleading information to National Australia Bank about the use of China UnionPay debit cards in its casinos.
From 2016, China UnionPay had told The Star the use of its cards for gambling was prohibited, the court was told.
Dr Higgins’ opening submissions will take three days in what is expected to be a lengthy and closely watched trial.
ASIC is seeking penalties as well as orders banning those sued from managing a corporation for a period to be set by the court.
The hearings come as The Star struggles to stay afloat, battling falling revenues and the ongoing fallout from prior regulatory breaches.
The firm agreed in February 2023 to pay $150 million in penalties to ASIC for its non-compliance with anti-money laundering laws.
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The NBA’s relationship with China that turned cold over a general manager’s tweet in 2019 apparently is defrosting with an announcement expected Friday of two preseason games in Macao in October, according to multiple reports Thursday.
The Brooklyn Nets and the Phoenix Suns will play on Oct. 10 and 12, 2025, at Macao’s Venetian Arena, marking the first games since 17 NBA teams played 28 preseason contests in China from 2004 to 2019.
Basketball is extremely popular in China, and the market was worth hundreds of millions of dollars to the NBA. However, a rift was created when then-Houston Rockets general manager Daryl Morey tweeted support of anti-government protests in Hong Kong in October 2019.
NBA commissioner Adam Silver supported personal freedom of expression and did not punish Morey, the current GM of the Philadelphia 76ers.
In response, lucrative sponsorships were ended and league games were not shown on CCTV, the state-sponsored broadcaster in China, for one year after Morey’s tweet. Silver estimated in 2021 that the NBA lost $400 million that year because of the frayed relationship.
NBA games, however, started appearing regularly on CCTV in 2022 and became available on a streaming service.
NBA players, including stars Stephen Curry of the Golden State Warriors and De’Aaron Fox of the Sacramento Kings, have made appearances in China. Macao will host a celebrity basketball game on Saturday featuring former NBA standouts.
The Venetian Arena is owned by the Las Vegas Sands Corp., which operates a casino there. Macao is the only place in China with legal casino gambling. Dallas Mavericks governor Patrick Dumont is the president and CEO of the Las Vegas Sands.
Joe Tsai, the co-founder and chairman of Chinese e-commerce giant Alibaba, owns the Nets.
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Well, it happened again. I was driving home on the freeway, and what normally takes me 45 minutes to get home took me about an hour and 15 minutes. Now, to people that live in a life where this is normal, you are thinking quit your crying. BUT, for me, I could have gone to the State next to us and began gambling in the casinos where it is legal for the length of time it took me to get home. It certainly would have been more enjoyable than me cursing my journey home. So, what took so long, of course an accident, and the site seeing people who had to slow us down to a crawl for useless reasons? I am sure you have all experienced it. It’s pretty frustrating. You can’t go left, you can’t go right. You can’t get on the off ramps to try to take a side street. You are just plain stuck. Well, a lot of times people feel just plain stuck financially in Real Estate Investment as well and this is something that I think we can give you an off ramp for.
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Former executives at embattled casino operator The Star put profit above risk when they failed to take action as junket operators potentially linked to crime gangs flaunted wads of cash and money in eskies, a judge has heard.
Lawyers for a slew of ex-heads from the embattled Star Entertainment Group appeared at the Federal Court as a lengthy hearing began on Monday.
The Australian Securities and Investments Commission alleges they breached their obligations to manage the dangers of possible money laundering and other criminal activity in its Sydney, Brisbane and Gold Coast casinos.
“This is a case about casinos and risk,” ASIC barrister Ruth Higgins SC said as she opened submissions on Monday.
“Not the risk involved when a player bets black instead of red in roulette or twists instead of sticking in blackjack.”
The Star executives and board behaved in “so incurious and complacent a manner” by allowing unacceptable legal, regulatory, financial and reputational risks within the group between November 2016 and March 2022, Dr Higgins said.
The firm maintained relationships with overseas junket operators, in particular one of the largest in Suncity, despite having evidence they were engaged in illicit activities and organised crime, she told Justice Michael Lee.
“ASIC’s case concerns the maintenance and escalation of these business relationships despite a slew of profoundly troubling, publicly available information about junkets.”
Junkets were ripe for exploitation because they obscured the origin of funds, she told the court.
They also led to vast sums of money with a higher risk of being associated with Chinese triads flowing into Australia after a prohibition on gambling in China, Dr Higgins said.
In Suncity’s dedicated space at The Star Sydney, known as Salon 95, bags of $50 notes were tied together with elastic bands, money was delivered to the service desk in blue esky bags and junket staff obscured the view of CCTV cameras by hiding under blankets, she said.
“These are acts uncluttered by subtlety and freighted with risk.”
Former chief executive Matthias Bekier, former company secretary and general counsel Paula Martin and former chief casino officer Greg Hawkins allegedly failed to promptly terminate or suspend the firm’s relationship with Suncity or inform the board of the risks.
The three executives were aware of repeated suspicious conduct by Suncity personnel at the Sydney casino, Dr Higgins said.
Former board members John O’Neill, Wallace Sheppard, Kathleen Lahey, Gerard Bradley, Sally Pitkin, Benjamin Heap and Zlatko Todorcevski allegedly failed to properly oversee The Star’s relationships with junket operators.
“The directors of Star knew enough and more than enough about the risks that arose from junkets and red flags in relation to the junkets that were in fact operating at Star’s casinos,” Dr Higgins argued.
Former The Star executives have also been accused of providing misleading information to National Australia Bank about the use of China UnionPay debit cards in its casinos.
From 2016, China UnionPay had told The Star the use of its cards for gambling was prohibited, the court was told.
Dr Higgins’ opening submissions will take three days in what is expected to be a lengthy and closely watched trial.
ASIC is seeking penalties as well as orders banning those sued from managing a corporation for a period to be set by the court.
The hearings come as The Star struggles to stay afloat, battling falling revenues and the ongoing fallout from prior regulatory breaches.
The firm agreed in February 2023 to pay $150 million in penalties to ASIC for its non-compliance with anti-money laundering laws.
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