Word: risks
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...most significant risk in replacing the current bank CEOs is that the new people coming in may or may not be better selections than the people whom they replace. In many quarters this is considered a sort of governance recidivism. But, that does not mean that the argument is entirely flawed. Pandit, Thain and Willumstad did not do any better than their predecessors. As a matter of fact, they probably did much worse. They were given the specific tasks of ferreting out problems in the companies which they were picked to operate and fix them. Each one expressed optimism about...
...ahead - and to listen to those who argue that it is precisely the least expected catastrophe (a "black swan," as they are now known after Nassim Nicholas Taleb's 2007 book of that name) that can do the most damage. That does not mean we should all live, risk averse, cowering in a cave of our own making. It does mean that it behooves us to listen to those who, based on knowledge and insight, warn us of what might go wrong. There is no figure in myth more tragic than Cassandra, granted the gift of prophecy, but doomed never...
...waterboard with the frequency and intensity with which it was used ... was either efficacious or medically safe." In fact, the IG report also hints that the CIA didn't consult the OMS on waterboarding until quite late: "OMS was neither consulted nor involved in the initial analysis of the risk and benefits of [enhanced interrogation techniques...
...side had been regarded as too high for pirates to scale. The pirates finally released the ship and its crew two months later, after a security company dropped $3 million in cash over the Indian Ocean. "Even with the best protections in the world, you still have the risk because the pirates are very well armed and trained," says risks underwriter Bonnissent. "It is not as easy as it seems from an office in the Western world...
...that, French political analysts agree, is precisely why Royal has chosen such an explosive method of reacting to Sarkozy. Sure, the immediate fall-out may earn her criticism from fellow pols and the public alike - but the alternative would be to do nothing for the next three years, and risk people forgetting that she and her presidential ambitions exist...