Monday, August 14, 2006

Signs of the Apocalypse

From the July 27th Economist:

According to the National Police Agency, which oversees the industry, the Japanese collectively spend some 30 trillion Yen ($260 Billion) a year playing pachinko and its upstart cousin, pachislot – roughly equal to spending on health care. Borrowing money to pay pachislot is thought to account for almost half of consumer debt.