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...unlike the risks at the poker table, where your losses are just yours, in the larger world, you can take down a lot of other people with you. "Organizational malfeasance in general depends on this kind of risk analysis," says Siler. "Look at a place like Enron. People took a lot of small chances and won, then took big chances and lost big." Indeed, Siler points out, during the recent financial crisis, an entire nation - Iceland - went bankrupt in a similar way, trusting high-risk, high-reward investments that quit paying...

Author: /time Magazine | Title: How Winning Can Mean Losing in Poker and Life | 1/13/2010 | See Source »

...interior of the earth, and surface waves, which move on top. The fastest of the body waves is the P wave, and it's thus the first to travel from the epicenter to a seismic station where it can be detected. P waves don't give you a whole lot of notice, but even a little bit can help. In California, gas lines in many homes are now equipped with P-wave detectors, which sense a coming tremor and shut off the inflow valve to prevent fires and explosions if the house is shaken severely...

Author: /time Magazine | Title: Could the Haiti Earthquake Have Been Predicted? | 1/13/2010 | See Source »

...part of the Huff Post’s series on the “shadow elite”—in honor of Wedel’s book Shadow Elite.  Lewis agreed, noting to FlyBy that “she’s written a lot about the Harvard in Russia scandal that I mentioned in my piece...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Professor Challenges Harvard's Governance Structure in the Huff Post | 1/13/2010 | See Source »

...thought we outplayed them in the first period,” Donato said. “I wasn’t so concerned with the shot total…They threw a lot of pucks, a lot of long shots, but I think we’re well aware that the scoreboard is different from the shot [count...

Author: By Kate Leist, CRIMSON STAFF WRITER | Title: Harvard Upsets Fifth-Ranked Yale | 1/13/2010 | See Source »

...Obviously we’re very happy with the win,” said Crimson coach Ted Donato ’91. “Yale’s a very good team, we have a lot of respect for them…We’re really pleased with the way our guys battled...

Author: By Kate Leist, CRIMSON STAFF WRITER | Title: Harvard Upsets Fifth-Ranked Yale | 1/13/2010 | See Source »

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