Nambling Notes - July 25, 2003

25 July 2003

Data Hub -- A recent survey conducted by PricewaterhouseCoopers shows that offshore financial centers could reduce in number to 20 from 90 during the next five years. "The trend to erode protection and enforce the exchange of information is putting pressure on the offshore centers," the report states. "It is evident that wealth managers will continue to consolidate their operations and reduce the number of offshore centers in which they operate to one key center in each region."

Quoteworthy I -- "Gambling at this point in my relatively staid, wholesome family life represents a real outlet for the id. If you have to let your id run wild, gambling is as good a way to do it as any." -- Rudy Stegemoeller, lawyer and co-author of "How to Win a Million," quoted July 25, 2003 in the New York Law Journal

Quoteworthy II - "If 'Seabiscuit' has a weakness, it's the movie's curious indifference to betting. Horses race and bettors bet, and the relationship between the two is as old as time, except in this movie, where the Seabiscuit team seems involved in pure sport and might even be shocked! shocked! to learn that there is gambling at the track." -- Roger Ebert, film critic, in a review of the movie "Seabiscuit," in the Chicago Sun Times, July 25, 2003.