Not using one's best efforts to win a match. Few Americans know much about the sport of badminton, but that rule will likely be the subject of a lot of discussion over the next few days. Today, badminton officials at the London Olympics disqualified eight players for tanking. Women's doubles teams from South Korea, Indonesia and China drew boos yesterday when it looked like they deliberately lost preliminary matches to engineer more congenial match-ups later in the tournament.
Originally published on Wed August 1, 2012 1:39 pm
Three years into the economic recovery, the unemployment rate is still disastrously high. So today's big economic question is whether the Federal Reserve will announce new measures to bring down unemployment when it releases its policy statement this afternoon.
Update: The new statement is out. The Fed isn't doing anything new right now.