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...those investors like me who never heard of Madoff, privacy and propriety were the camouflage that kept his name from so many hundreds, maybe thousands, of private and public investors. Secrecy enabled him to create his global Ponzi-on-steroids scheme undercover, and helps explain why it worked so brilliantly for so long. The fact the Securities and Exchange Commission gave Madoff multiple free passes to sidestep closer inspection is even more troubling for any investor looking to put a hard-earned buck into this system. (How I Got Screwed by Bernie Madoff...
...Pentagon badgered the CIA for things like sand samples and stress limits of Iraq bridges, the terrain its Abrams tanks would roll across. Yes, that information was nice to have, but such requests diverted CIA resources from strategic intelligence. Rather than answering the question of whether Saddam had kept his weapons of mass destruction, the CIA sent its clandestine sources into Iraq with baggies and little plastic shovels...
...Japan learned a similar lesson during the economy's Lost Decade after a stocks-and-real-estate bubble burst in the early 1990s. In a pathetic attempt to avoid losses, Japanese banks kept pumping fresh funds into debt-ridden, unprofitable firms to keep them afloat. These companies came to be known as zombie firms - they appeared to be living but were actually dead, too burdened by debt to do much more than live off further handouts. One economist called Japan a "loser's paradise." The classic zombie was retail chain Daiei, which limped along for years, crushed by debt...
...into anguished shrieks. (The shocks were fake; both the learner and the authority figure prodding the volunteer were complicit in the experiment.) "The haunting images of participants administering electric shocks and the implications of the findings for understanding seemingly inexplicable events such as the Holocaust and Abu Ghraib have kept the research alive for more than four decades," Burger writes in the January issue of American Psychologist, the journal of the American Psychological Association. Have we learned from these atrocities? Burger's replication of one of Milgram's most famous demonstrations yields alarming results...
...found not only a scientist of the highest caliber, but someone who has been steeped in policy," wrote Bart Gordon, the democratic Tennessee representative who chairs the U.S. House Committee on Science and Technology, in an e-mail. "This is a strong message that science will no longer be kept at an arm's length in the White House...