At 16, Zucker started a business enticing people to pay $1 to take a swing at a golf ball. The prize for a hole in one from 150 yards: $1 million. He rented space from a driving range and persuaded an insurance company to allow him to pay a premium for a million-dollar policy. No one made it, but Zucker made some extra cash.
From the insurance company's perspective, it's a $1 million bet they are taking that no one will be able to achieve it.
From the participant's perspective it's a $1 ticket to a $1 million lottery. From Zucker's perspective a business (I would call it a scheme) for making money. Quite interesting.
On a related note, Ansari X PRIZE (for the first private space flight) was partly funded through a similar deal with an insurance company.
Tucson's tap water is pretty bad. It's chlorinated mineral water combined with a highly mineral ground water. I drink brita at home, but it's a pain on the road. However, I drink the tap here. When I go to Phoenix, I have trouble even drinking the tap, it tastes so bad in areas.
These already exist! I was looking in the cleaning supplies the other day, and they sell empty normal-sized Windex-like bottles, along with a very small bottle of concentrate!
It is, after all, one of the nation's healthiest water supplies -- so fresh that in 2007 the Environmental Protection Agency said it did not need filtration.
Shouldn't all tap water not need filtration? Have I been assuming too much?
I think the implication was that the water didn't need treatment at the municipal level because it comes so clean from the source. Once any city water reaches your tap, it is potable and does not require extra filtration except to improve flavour. Unless you're one of those fluoride conspiracy nuts.
Aquafina and Dasani, bottled water from the Coke and Pepsi companies, are made with municipal source water that is filtered to improve the taste. Dasani here in the Toronto area comes from Brampton, Ontario tap water, and there is nothing special about Brampton tap water.
I thought the reason Chez Panisse, Seattle, and SF stopped buying bottled water was not because of the quality of the water, but rather the wastefulness of the bottles themselves...
This really bothers me. California banned bottles for a reason, and now he's introducing more in NYC. If people want tap water on the go, buy a reusable bottle!
[+] [-] cellis|17 years ago|reply
This is one of the best ideas i've ever heard.
[+] [-] nebula|17 years ago|reply
On a related note, Ansari X PRIZE (for the first private space flight) was partly funded through a similar deal with an insurance company.
[+] [-] mynameishere|17 years ago|reply
[I then go to google up some statistics...]
http://www.golftournamenthio.com/
Yep. AIG.
[+] [-] DannoHung|17 years ago|reply
I'll call it: "Make your own bottled water"
[+] [-] alecco|17 years ago|reply
What a bizarre situation caused by consumerism.
[+] [-] ibsulon|17 years ago|reply
Tucson's tap water is pretty bad. It's chlorinated mineral water combined with a highly mineral ground water. I drink brita at home, but it's a pain on the road. However, I drink the tap here. When I go to Phoenix, I have trouble even drinking the tap, it tastes so bad in areas.
[+] [-] Hexstream|17 years ago|reply
[+] [-] psyklic|17 years ago|reply
[+] [-] apsec112|17 years ago|reply
[+] [-] abstractbill|17 years ago|reply
Shouldn't all tap water not need filtration? Have I been assuming too much?
[+] [-] barryfandango|17 years ago|reply
[+] [-] ibsulon|17 years ago|reply
[+] [-] wallflower|17 years ago|reply
"If you don't use a water filter, your body is the water filter"
[+] [-] barryfandango|17 years ago|reply
[+] [-] wallflower|17 years ago|reply
http://www.triplepundit.com/pages/askpablo-exotic-1.php
[+] [-] mark_h|17 years ago|reply
(I'm from Tasmania, and I've never seen it -- I suspect you can only buy it in L.A.)
[+] [-] gsiener|17 years ago|reply
[+] [-] RK|17 years ago|reply
[+] [-] lacker|17 years ago|reply
People shouldn't be surprised by the bottled water phenomenon. You are buying the bottle, not the water, and a bottle is often worth $1.
[+] [-] Ras_|17 years ago|reply
[+] [-] jjs|17 years ago|reply
[+] [-] djahng|17 years ago|reply
[+] [-] gsiener|17 years ago|reply
[+] [-] anamax|17 years ago|reply
When did CA ban bottles?
[+] [-] releasedatez|17 years ago|reply
[+] [-] partoa|17 years ago|reply
[+] [-] chiffonade|17 years ago|reply
[+] [-] owkaye|17 years ago|reply
[+] [-] stuntgoat|17 years ago|reply