Word: numbers
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...Nikki Finke notes on her Deadline Hollywood Daily blog: "HP6 with a PG rating is selling more discounted kiddie tickets. And it had virtually no biz from higher priced IMAX theaters: just 3 venues compared to TF2's 169." Not that the moneymen care about the number of tickets sold. Bucks, not bodies, determine box-office winners...
...admission of that sort of nuance may wind up undermining part of the appeal of forecasts: how a single number can quickly jump from an economist's spreadsheet to a politician's stump speech or a businessman's PowerPoint presentation. "Forecasts satisfy a deep psychological need that we live in a somewhat predictable and controllable world," says Philip Tetlock, a professor of organizational behavior at the Haas School of Business at the University of California, Berkeley. "Those are essential stories. People just find the truth" - that the future is unknowable - "too dissonant...
...almost messianic turn of mind. He feels so much responsibility; he feels that if he doesn't get it right, nobody else is going to get it right," one of his writers told the Washington Post on Cronkite's retirement in 1981. "And that is the reason he is number one. It comes across. People know that Walter Cronkite would never lie to them. Never. Because it is his religion...
...President has thus far resisted calls for a heavy government hand in limiting financial paydays, aside from certain limits on senior executives at firms that have not paid back some taxpayer funds and a number of proposals for regulators to develop new ways of better tying compensation to long-term risks. That leaves the White House vulnerable in the coming months. If Wall Street decides to cash in on its recent winnings despite the public rhetoric of the Administration, the contrast with the nation's still growing unemployment rate couldn't be starker. "It's just got to feel wrong...
...cheaper government credit - has significantly reduced its leverage ratio, which measures how much money it borrows, from 27.9 at the beginning of 2008 to 14.2 today. At the same time, Goldman has increased the amount of money it is risking on a day-to-day basis, and the number of competitors it faces in the marketplace has significantly shrunk, with onetime stalwarts like Bear Stearns and Lehman Brothers becoming casualties of the crisis...