Economics
N.Z. Holds Its Breath as America’s Cup Goes to the Wire
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New Zealanders could barely watch as what had looked like certain America’s Cup glory became the prospect of an embarrassing defeat.
Kiwis have looked on in horror as Emirates Team New Zealand’s grip on the series has evaporated, with billionaire Larry Ellison’s Oracle Team USA turning an 8-1 deficit into an 8-8 nailbiter in the first-to-nine series in San Francisco. With New Zealand’s team losing the last seven races in a row, hopes for victory in the final are waning.