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...million, you lose an extra $2 billion. And if the market moves an extra 5% you lose an extra $10 or $15 billion. All the metrics have the effect of underestimating the impact of the possibility of very large deviations. In other words it tells you how uncomfortable the plane ride is going to be, but tells you nothing about the crash...

Author: /time Magazine | Title: Nassim Nicholas Taleb | 10/24/2008 | See Source »

...problem: the muted video used in the ads was actually taken from a heartwarming, funny story Franken told and acted out about David Wellstone and David's father Paul, who was killed in a plane crash in 2002 and whose Senate seat Coleman now holds. David, on at least one occasion, was sitting nearby, smiling as Franken acted out the part of his father excitedly urging him on during a cross-country race. Handed a gift, Franken's campaign produced an ad of their own showing how his image had been grossly distorted on Coleman's behalf - not merely...

Author: /time Magazine | Title: Races to Watch '08: Franken May Get Last Laugh in Minnesota | 10/22/2008 | See Source »

...asked Obama about gut decisions, in an interview on his plane 17 days before the election. It was late on a Saturday night, and he looked pretty tired, riddled with gray hair and not nearly as young as when I'd first met him four years earlier. He had drawn 175,000 people to two events in Missouri that day, larger crowds than I'd ever seen at a campaign event, and he would be endorsed by Colin Powell the next morning. He seemed as relaxed as ever, though, unfazed by the hoopla or the imminence of the election...

Author: /time Magazine | Title: Why Barack Obama Is Winning | 10/22/2008 | See Source »

...crucial moment of the campaign - the astonishing onset of the financial crisis - it was Obama's gut steadiness that won the public's trust, and quite possibly the election. On the afternoon when McCain suspended his campaign, threatened to scuttle the Sept. 26 debate and hopped a plane back to Washington to try to resolve the crisis, Obama was in Florida doing debate prep with his top advisers. When he was told about McCain's maneuvers, Obama's first reaction - according to an aide - was, "You gotta be kidding. I'm going to debate. A President has to be able...

Author: /time Magazine | Title: Why Barack Obama Is Winning | 10/22/2008 | See Source »

Nick Panza, the airline's vice president for the Americas, was aware of the couple's, er, "unusual" journey and apologized. He said the plane had been canceled due to mechanical difficulties and that most of the other passengers had been booked on the flight to L.A. then on to Tahiti, arriving between seven and 18 hours later than scheduled. (I guess that's the best you can hope for with the airline industry these days.) "Unfortunately, Jeninne and Keirn, who did not come to the Air Tahiti Nui counter at JFK, spoke with AA directly...

Author: /time Magazine | Title: A Nightmare Honeymoon Flight to Tahiti | 10/22/2008 | See Source »

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