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...driving force behind prediction markets is something called information aggregation. Traditionally, it has been the realm of professionals such as pollsters or weather forecasters or the CIA. Those experts tend to be knowledgeable but are prone to certain limitations: personal bias, groupthink, clashing personalities. "In companies, not only are people afraid to get an answer, they are afraid of asking the question," says Emile Servan-Schreiber, CEO of NewsFutures Inc., which sells markets programs to corporations. So a market can benefit from outsiders' views that are reflected, in real time, in the form of prices. The dirty secret is that...
...Shannen Doherty If you were going to hate someone this year, fashion dictated that you hate Brenda Walsh, or more particularly the actress who plays her on TV's Beverly Hills 90210. That was easy. Old boyfriends called her rage prone, co-workers called her snotty, landlords called her a deadbeat. Unfortunately, marrying ; the 19-year-old son of George Hamilton -- on a girlish whim -- did nothing to help Shannen appear mature. Said to be generally just too much of a pain, she reportedly won't be asked back...
...voters, Mandela is regarded as a shoo-in. Not by De Klerk, who seems determined to prove that he has not negotiated himself out of his job. But it is not just casting eyes at the same prize that has made Mandela and De Klerk so uncomfortable together, so prone to display visceral anger toward each other's words and deeds. (They are not, after two dozen meetings, even on a first-name basis; it is ''Mr. Mandela'' and ''Mr. President.'') The task they have been forced by circumstances to undertake in concert has tested their characters in fiendishly exasperating...
...between the HCC and the UC. In the days leading up to the cancellation of the concert, the UC was denied access to critical information that could have led to more responsible decision making. With a centralized planning process, detached from the rest of the campus, the HCC is prone to certain mistakes that can be prevented through greater transparency. Delegation and centralization can be useful tools for planning certain initiatives, but the result in this case was that the UC, responsible both financially and in terms of organizational legitimacy, was left powerless and penniless. When these channels of communication...
...More critical than ice were gas and the electricity to pump it. Floridians were stunned to hear that power might not be fully restored until late November, and just as chagrined to realize that FPL, which serves the nation's most hurricane-prone state, has one of the most tangled and antiquated feeder-line systems to repair. "This is the greatest country, but I'm heartbroken," said Zhanna Turetskaya, a Coral Springs gas station manager who came here from Belarus seven years ago, as she scanned a throng of angry customers wanting to pump the 10,000 gallons...