(Photograph found here .) In what could be caused by my attraction to the fashionable time at Ascot, before Eliza Doolittle’s enthusiasm for the race reduced her to her previously unfortunate state of behavior, I have always had an interest in attending the Kentucky Derby. As the season of the Triple Crown of Thoroughbred Horse Racing fast approaches ( Derby Saturday, May 1 st , Preakness , May 18 th , and the Belmont Stakes , June 5 th ), there has been some inevitable media interest in the horse racing industry. On Tuesday, The New York Times published a story about the sad, bankrupt state of the industry in the bluegrass state. Reporting that farms, thoroughbred buying, 100,000 jobs, and over $4 billion tourist dollars are all threatened in the region due to the economic downturn, the Times identifies the losing gamble of “betting the farm” on the future of horse racing. Dynamics similar to those that brought down subprime mortgages have been at work in the horse b