Word: wheeling
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Dates: during 2000-2009
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Anticipate an odd case of road rage this week among hedge-fund high rollers driving home while contemplating some catastrophic losses in the market, while the iconic Porsche logo on their steering wheel stares back at them. That's because the venerated Stuttgart sports-car manufacturer on Monday inflicted losses estimated to be as high as $38 billion on hedge funds, banks and other investors who had been short-selling Volkswagen stock. It was more than just patriotic fervor that got Germans cheering this week when shares in VW shot up to more than $1,276, making...
...that if things have equal probabilities, they have to even out in the short term as well as the long term, and this is the crux of the fallacy,” Barron said. In the study, the researchers had their subjects predict the color outcomes of a roulette wheel, where one group saw the past outcomes all at once, and a second group saw them revealed in real time. Barron and Leider found that the players who saw the outcomes in real time were much more likely to experience the fallacy because they overweighted the most recent outcomes...
...While the project will initially help the community of La Prusia learn how to make ceramics, an art which was once a part of traditional Nicaraguan culture, the program hopes to eventually extend beyond the potter’s wheel, teaching these families how to market their business in order to obtain a profit...
...police official peered into the passenger seat and took in my headscarf and shapeless clothes. "Where are you going?" he barked at my assistant, sitting at the wheel. "We are journalists, researching security conditions on the road," Ali answered. I lowered my sunglasses, thinking that my light eyes and obvious foreignness - usually a quick pass out of any brush with Afghan officialdom - would speed us through the inevitable interrogation. Instead, it only made the official more agitated. "Why don't you have a bodyguard?" he demanded. "This road is unsafe; people can be kidnapped...
...dividends. In May 2007, scientists announced the discovery of white silica beneath the Martian soil--a telltale mineral that usually forms in the presence of water--one more bit of proof that Mars was once a wet place. The silica would never have been discovered if Spirit's balky wheel hadn't dug a trench in the soil...