Word: bets
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...Brando at a White House dinner with President John F. Kennedy: "As Marlon attacked the pasta, Kennedy challenged him: 'Marlon, have you gained weight? Looks like you've put on a few.''Nary an ounce.''Kennedy grinned. "Then the CIA sent up some wrong information.'Marlon bet the president that JFK weighed more than he did. A bathroom scale was brought into the room. Brando checked in at 187 pounds. Kennedy was eleven pounds lighter.'Get some food into this man,' Marlon told the other guests. 'You can't lead the country at a hundred seventy...
SemGroup was short oil. Massively. That is, it had bet that the price was going down by contracting to sell millions of barrels of oil it did not own at a future date, on the assumption that the price would fall and SemGroup could supply the barrels at a lower price and pocket the difference. Three days after oil peaked, as it still threatened new all-time highs, the New York Mercantile Exchange (NYMEX) called margin on SemGroup, forcing the firm to put up more cash collateral to back its losing positions. Unable to raise the capital, SemGroup sold...
...ones from outright frauds. In a recent paper, Dean Foster, a professor at the University of Pennsylvania's Wharton School, and H. Peyton Young, a senior fellow in economics at the Brookings Institution, argued that the lack of industry regulation makes bad managers nearly impossible to detect. By making bets that have a relatively low probability of failing - say, 10% - an unskilled manager has a 90% chance of making good. But if the bet does go south, the industry's fee structure, which often includes 2% of investors' money plus another 20% of profits, ensures that the manager will walk...
...able to spend days diagnosing one patient and doing several trillion dollars worth of tests. In real life, hundreds of people would have died, waiting in triage, while House made cranky jokes about a man whose skin had miraculously turned all the colors of the rainbow. You can also bet that the man’s insurance company wouldn’t cover even a quarter of the litany of tests for which House calls. The creators have tried to hide behind the guise of a “teaching hospital” in order to create the sense that...
...These are the lessons - personal growth, ethnic solidarity, the meeting of true hearts - that Mad 2, like virtually all animated films, feels compelled to teach. Maybe that's salutary for the wee ones, but I'll bet they, and their elders, prefer the subsidiary creatures, who in the movie's better moments crowd the screen and take over, like the Preston Sturges rep company in The Miracle of Morgan's Creek and Hail the Conquering Hero - or like Scrat the Sisyphusian squirrel in the Ice Age pictures. In Mad 2 we get some penguins and a lemur, all balm...