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More than a decade later, those assurances sound thin to some analysts. "This raises huge questions marks about whether you can fix the rogue-trader risk," says Pierre Flabbee, head of banking-sector research for Landsbanki Kepler in Paris. "This demonstrates that you cannot. The human factor is one you cannot control 100 percent. The more sophisticated procedures become, the more sophisticated employers become...
...know I sound like I'm trying to downplay the risk but I really think we are experimenting with people's lives when we give recommendations or write stories or reports that make people eat less fish. We know from very good human studies that fish intake reduces the risk of dying from a heart attack by about a third. And heart attack is the number-one cause of death in the U.S. among both women and men. It's the number-one cause of death in almost every country in the world. And eating fish once or twice...
...might not sound like the sexiest deal, but today the Federal Communication Commission (FCC) will auction off rights to the 700 MHz band of wireless spectrum - a sale that has the potential to create a seismic shift in the telecommunications landscape. The powerful band of prime cross-country airwaves, which is currently being used for analog TV broadcasts, is due to free up by February 2009 when TV goes fully digital. So, if ever a new telecom player were to carve out a piece of the lucrative nationwide wireless pie, now would be the time. "This is the last auction...
...without pause since all the way back in 1991, are tapped out. They Scrooged their way through the holidays - retail sales were the weakest in five years - and employers started to get nervous. They've dialed down their hiring, sending unemployment inching up 0.3% in December. It might not sound like much, but that's 474,000 fewer people on the payrolls than the previous month - enough for the financial system that enabled this spending binge to take notice and begin the painful return to sobriety...
...fleeing drought and famine. "I often find people remain skeptical of global warming," says James Woolsey, a former director of the Central Intelligence Agency under former U.S. President Bill Clinton. "But when you start talking about the effect it could have on security, suddenly green things like [solar power] sound a lot better...