Word: baddings
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...just wrote an entire book about how smart people make bad decisions. Maybe you could shed some light on the financial meltdown. Increasingly, we as human beings create systems that are more complex than we can comprehend. If you're designing an airplane you create redundancies to try to mitigate bad outcomes, but as we saw earlier this year with Air France 447, when certain cascading events line up, they can lead to a disaster that you just can't anticipate. In the realm of the social, we create institutions like global, interconnected markets. By and large when investors...
...Thumbing its nose at the world may not help, since even the skeptical Russians suggested last week that further sanctions may be in order if Iran does not come clean about the secret facility and other older questions about Tehran's nuclear program. "The Iranians are in a very bad spot now because of this deception, in terms of all of the great powers," Defense Secretary Robert Gates told ABC News on Sunday...
...Just how bad will be determined after talks begin on Oct. 1 in Geneva's historic Hotel de Ville. "If we don't get the answers that we are expecting and the changes in behavior that we are looking for, then we will work with our partners to move for sanctions," Secretary of State Hillary Clinton told CBS on Sunday. "The burden has now shifted ... They have to come to this meeting on Oct. 1 and present convincing evidence as to the purpose of their nuclear program. We don't believe that they can present convincing evidence that...
...seems bad timing, then, for the Shenzhen Stock Exchange to be launching the country's first Nasdaq-style board in October. After dithering for nine years, mainland regulators finally approved the bourse's proposal for a Growth Enterprise Market (GEM), which aims to help technology and other innovation-oriented start-ups get off the ground. Of the 150 companies that have applied to launch initial public offerings, 22 have won approval. Last week, the first batch of 10 enterprises in electronics, software, pharmaceuticals and biotechnology started accepting subscriptions from domestic investors (foreigners are excluded). (See pictures of China's infrastructure...
...ominous signs for a peace process that is already on the rocks. On the same holiday in 2000, a highly controversial visit paid to the mosque by then opposition leader Ariel Sharon proved to be the move that many here say launched the second intifadeh. Indeed, it was a bad weekend for the Israeli-Palestinian conflict all around. On Sept. 25, the Israeli Defense Forces killed three members of the Palestinian militant group Islamic Jihad in an air strike - the first one inside densely populated Gaza City since a loose cease-fire was implemented following Israel's devastating three-week...