Word: preyed
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...complaint says Stanford perpetrated a "massive fraud based on false promises and fabricated historical return data to prey on investors." The alleged fraud centers on an $8 billion certificate-of-deposit (CD) program. (Read about Stanford's love of cricket...
...advantages and disadvantages of being at a particular location in a social network. He said that if a deadly germ is moving through the population, being in the periphery has a clear advantage. Alternately, being in the center of a social network can provide access to valuable information about prey. The research questions the validity of current network models that treat individuals as interchangeable nodes and neglect the genetic influence on network structures. “Our findings suggested that it’s not okay to treat people as interchangeable nodes. There’s heterogeneity at the level...
What the next stage of the conflict may be is impossible to guess. There are signs that forces loyal to Nkunda are melting away in the wake of his arrest. But that still leaves myriad armed groups who know only the way of war--and who continue to prey upon the people of eastern Congo. It was precisely to deal with such disasters--and with leaders like Kabila and Nkunda--that in 2005 the U.N. World Summit adopted a set of principles called the responsibility to protect, or R2P. Intended to prevent a repeat of cataclysms like...
...Kinsley's latest missive in TIME falls prey to one of the oldest traps in economics - Frédéric Bastiat's broken-window fallacy. Just as a broken window creates work for the glazier at the expense of the window owner, money that Kinsley hopes to inject into the economy must first be taken out of it. Add in collection costs and the usual political malfeasance, and we have a net loss to the economy. There's more: Kinsley argues that last summer's high oil prices were essentially a tax on consumers; the money just went...
...Kinsley falls prey to Frederic BaStiat's broken-window fallacy. Just as a broken window creates work for the glazier at the expense of the window owner, money that Kinsley hopes to inject into the economy must first be taken out of it. Add in collection costs and the usual political malfeasance, and we have a net loss to the economy. There's more: Kinsley argues that last summer's high oil prices were essentially a tax on consumers; the money just went to oil companies instead of the government. But he forgets that oil companies do not have control...