Word: panic
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...most vulnerable - a blistering hot July afternoon or a freezing cold January night. Suddenly, vast sections of the U.S. power grid go black. The lights go out, air-conditioning (or heating) shuts down. Once it becomes clear that this is no temporary brownout, the public begins to panic. At the power utilities, engineers can't understand why the network shut off, and can't get it to start up again. It's hours before the truth emerges: a terrorist group (or a hostile country, or some evil-genius hacker) has broken into the computer networks that control the power grid...
...that may sound, there are several reasons not to panic about our power grid's vulnerability...
...Poor’s and Moody’s. To make a low-risk purchase of a CDS, a firm needs to buy from an insurer with an excellent credit rating. If any of these ratings are inaccurate or get downgraded, this will dramatically affect the CDS and cause panic. Therefore, the government must institute a reasonable collateral requirement for the sale of CDSs. Further, rating agencies must closely monitor investing schemes that use insurance from highly rated firms like AIG to make risky investments in poorly rated firms...
...ensuing panic results in a lack of confidence, since one cannot be sure if a company is doing as well as it claims to be. Therefore, the government must make CDS transactions a matter of public record...
...government's predictions have trouble taking panic and turning it into a number or a digit, so its calculations will always be well off the mark. (See pictures of the Top 10 scared traders...