Word: spectacularisms
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Part of the charm of Zurich's E.G. Bührle museum is its quiet residential neighborhood, far from the Swiss city's more crime-infested areas. But the off-the-beaten-track location didn't stop three armed thieves from pulling off what Zurich police called the most "spectacular" theft in Swiss history on Sunday, looting four of the museum's most prized paintings with an estimated value of $160 million...
...Overnight, everyone knew his name: Google searches for Kerviel exploded, as did news stories, and columns in the Financial Times. Everyone was covering the most spectacular rogue trader in financial history. Yet there is something even more surprising than the lack of controls that allowed for Kerviel’s scheme to work under the radar for over a year: the public’s reaction to the debacle...
...That is precisely what risk managers are supposed to eradicate. But it makes for an unglamorous job–do you know anyone applying for a summer position in that division? Rather than making spectacular deals, risk managers keep track of all transactions, and make sure banks’ bets remain hedged and balanced. The possibility of loss is ever present, yet they minimize the odds of catastrophe. Clearly no romance there...
...concept of Super Tuesday that produces the sort of spectacular jumble Americans witnessed in recent days. It's the slapdash execution. "In and of itself, Super Tuesday is fine," said former Senator John Danforth of Missouri, a voice of logic, as the cacophony crescendoed. "But if you're going to have something like this, then candidates should have more than a week to campaign in 20-odd states...
...California's Sierra Nevada has cut propane use by 70,000 gal. (26,000 L) per year since 2000. "Our resorts are all about people wanting to be outside," says Rob Katz, CEO of Vail Resorts, where 100% of power is offset by wind credits. "We are using this spectacular place, so it's our responsibility to take care...