Black Swan

[CeePen]

Recommended reading for anyone who thinks they can predict the future, The Black Swan by Nassim Taleb. It has nothing to do with ballet. Talks about unexpected events that have huge consequences. Libya is a huge black swan and there's a whole flock of others just behind Libya. Good luck predicting the outcomes. Just hang onto your skivvies.

[BTOfarmall]

Simple.

What You's are Seein is da Beginning of da END. Lines have been drawin in da Sand. New World Order comin when its all said & done. Kin't let a Good Crisis go to Waste remember what dey said??? One Currency, One Government One World. You's ain't seen Whinnin & Snivelin yet....

[gustgd]

http://www.newstatesman.com/ideas/2010/07/debt-system-mother-black

People who drove a school bus blindfolded (and crashed it) should never be given a new bus: The economics establishment lost its legitimacy with the failure of the system in 2008. Find the smart people whose hands are clean to get us out of this mess.

Don't let someone making an "incentive" bonus manage a nuclear plant - or your financial risks: Odds are he would cut every corner on safety to show "profits" from these savings while claiming to be "conservative". Bonuses don't accommodate the hidden risks of blow-ups. It is the asymmetry of the bonus system that got us here. No incentives without disincentives

[bucket]

gust

Does your logic mean to fire most of the management of the cwb for their underperformance and yet earning nice stress bonuses?