Word: data
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...Monday, New York Attorney General Andrew Cuomo asked eight large banks to turn over data on their expected 2009 bonus payouts. President Barack Obama is considering leveling a fee on financial firms to help the government recoup the costs of last year's bank and auto bailouts. FDIC officials, too, are considering charging banks that pay a large portion of their executive compensation in bonuses a higher fee for its deposit insurance. The U.K. recently adopted a 50% tax on bank bonuses.(See the worst business deals...
...will appear later this year in the print edition, was not interested in poker alone but in the larger idea of how humans handle risk, reward and variable payoffs. Few things offer a better way of quantifying that than gambling - and few gambling dens offer a richer pool of data than the Internet, where millions of people can play at once and transactions are easy to observe and record. (See 10 things to do in Las Vegas...
...gather his data, Siler used a software system called PokerTracker and directed it to collect and collate information on small- medium- and large-stakes games. He limited the games to no-limit Texas Hold 'Em with six players in order to eliminate at least some extraneous variables. It was in the course of crunching all that information that he found the strangely inverse relationship between the number of hands won and the amount of money lost. He also noticed that it was novice players who lost the most...
...global web of seismometers and other instruments that are already in place and always being improved to build the best map possible of the planet's interior and at least narrow the predictive window of when quakes are likely to happen. They can also use these data to anticipate how severe the next tremor, whenever it comes, is likely to be. This can help drive policy decisions like improving building codes, reinforcing infrastructure and zoning some areas as unsuitable for development. That's hardly the same as precise predicting, but if your home or your life is the one that...
...vacation in Crawford, Texas, on Aug. 6, 2001, Bush received a warning that "bin Laden was determined to strike in U.S." and that al-Qaeda might hijack airliners. The threat was laid out in his Presidential Daily Brief (PDB), the specialized morning readout that winnows down mountains of raw data into a "finished intelligence" report and is one of the most important of the intelligence community's products...