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...your product didn't sell, your losses grew and you lost market share, it was easier to point the finger at meteorology than management. But those days are over. Thanks to a blossoming of private firms that make sense of weather data in business terms, and a new financial tool called a weather derivative, a variety of industries are using forecasts to fine-tune corporate performance. "Weather may still be an act of God," says Allan Eustis, director of digital earth and space applications for the National Oceanic and Atmospheric Administration, "but we know a little more about what...

Author: /time Magazine | Title: Weathering The Business Climate | 2/21/2000 | See Source »

While some businesses hedge their bets with the help of private weather firms, others guard against Mother Nature's whim with a financial tool--the weather derivative. Created little more than 2 1/2 years ago, weather derivatives are now a $5 billion industry. They are essentially futures contracts ensuring that if certain meteorological conditions unfavorable to sales occur, the company that purchased the contract will be paid without having to prove any losses. And in some cases, companies actually pay the issuer of the derivative if weather ends up being favorable to sales. Either way, the company gets a guaranteed...

Author: /time Magazine | Title: Weathering The Business Climate | 2/21/2000 | See Source »

...signs. Back in December the FBI and a number of private security firms began detecting countless dormant daemons cropping up on servers across the country. Scan yourselves with detection software, urged the hacker trackers. Evidently not enough sites did. That changed after the attack; downloads of the Feds' scanning tool shot up from 170 on Monday to 4,223 on Thursday...

Author: /time Magazine | Title: Behind The Hack Attack | 2/21/2000 | See Source »

...hardly repr'sentative of the nation as a whole - Michigan's primary will be a more accurate predictor of general voting sentiment. And, as the talking heads, ever anxious to keep the contest alive, are quick to point out, while the support of the religious right was a wonderful tool for Bush in South Carolina, in more moderate states it may prove to be something of a monkey on the governor's back. As TIME political columnist Margaret Carlson told CNN on Saturday night, "Bush has painted himself into a corner in the past couple of weeks...

Author: /time Magazine | Title: Now John McCain Is a Very Long Shot | 2/19/2000 | See Source »

...tool to convince people [to do public service], it's more about helping enable people," she said. "People feel good about this event...

Author: By Victoria C. Hallett, CRIMSON STAFF WRITER | Title: IOP To Hold 11th Annual Auction | 2/9/2000 | See Source »

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