Showing posts with label Causes of Crash. Show all posts
Showing posts with label Causes of Crash. Show all posts
Friday, May 29, 2015
Friday, April 17, 2015
Wednesday, April 15, 2015
Wednesday, June 18, 2014
Sunday, May 25, 2014
Tuesday, May 20, 2014
Sunday, May 18, 2014
Geithner, Staying on Script - NYTimes.com
Geithner, who seems sincere, is just another one of the successful people on Wall Street who lack any self awareness.
Geithner, Staying on Script - NYTimes.com
Geithner, Staying on Script - NYTimes.com
Thursday, May 15, 2014
‘Stress Test,’ by Timothy F. Geithner - NYTimes.com
Classic Lewis
""Before he can save any women and children, he has to rescue the drunks in first class who owned all the lifeboats."
‘Stress Test,’ by Timothy F. Geithner - NYTimes.com
""Before he can save any women and children, he has to rescue the drunks in first class who owned all the lifeboats."
‘Stress Test,’ by Timothy F. Geithner - NYTimes.com
Monday, May 12, 2014
Saturday, May 10, 2014
Tuesday, March 25, 2014
Sunday, February 09, 2014
Friday, December 20, 2013
Wednesday, December 04, 2013
Wednesday, March 14, 2012
Safety: Blow-ups happen
Safety: Blow-ups happen | The Economist:
The below quote highlights the issue with models and stated probabilities.
Modelling based on experience with previous plants suggests that the risk of a significant radiation leak from generation I reactors was between one in 1,000 and one in 10,000 per reactor year. For generation II it is between one in 10,000 and one in 1m. For generation III it should be between one in 1m and one in 100m. These calculations do not reflect the absolute risks as experienced in the real world; there have been five major releases of radioactivity (Three Mile Island, Chernobyl and the three reactors at Fukushima) in only 14,000 reactor years of operation. But the trend towards safety seems to be real.
The below quote highlights the issue with models and stated probabilities.
Modelling based on experience with previous plants suggests that the risk of a significant radiation leak from generation I reactors was between one in 1,000 and one in 10,000 per reactor year. For generation II it is between one in 10,000 and one in 1m. For generation III it should be between one in 1m and one in 100m. These calculations do not reflect the absolute risks as experienced in the real world; there have been five major releases of radioactivity (Three Mile Island, Chernobyl and the three reactors at Fukushima) in only 14,000 reactor years of operation. But the trend towards safety seems to be real.
Friday, March 02, 2012
Friday, January 13, 2012
Inside the Fed in 2006 - A Coming Crisis, and Banter - NYTimes.com
Inside the Fed in 2006 - A Coming Crisis, and Banter - NYTimes.com:
This makes me feel a little better for getting it wrong. A lot of smarter guys were wrong.
" The transcripts of the 2006 meetings, released after a standard five-year delay, clearly show some of the nation’s pre-eminent economic minds did not fully understand the basic mechanics of the economy that they were charged with shepherding. The problem was not a lack of information; it was a lack of comprehension, born in part of their deep confidence in economic forecasting models that turned out to be broken.
Sunday, January 08, 2012
Save the City?
Good tirade against the financial sector.
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