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Politics : President Barack Obama
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To: stockman_scott who wrote (78477)6/18/2010 12:22:45 PM
From: tejek   of 149317
 
"There's still a fundamental problem...across organizations in realizing that very low probability events -- so called ‘Black Swan' events -- occur a lot more often than we like to think," says Sydney Finkelstein, management professor at Dartmouth's Tuck School of Business. "These events occur more often than people think and companies are not really good at estimating probabilities when it comes to low-probability events."

finance.yahoo.com;

That's right..........this is another black swan event......events that were not supposed to be happening with the frequency that they are happening. More than one Wall St. pundit has remarked on this phenomenon.......that in the new millennium, black swan events are happening with unusual frequency, making life very unpredictable.

That's why the media's hysteria over this event is so terribly childish and irresponsible.

While no apologist for big business, Finkelstein notes "some of the types of situations -- such as what's going on in the Gulf -- are so incredibly complex there's a real question on whether risks can be managed at all."

That's the other part of it. The media wants BP and Obama to wave their magic wands and solve the problem. One more example of their immaturity.......they live in Disneyland where those things are possible, not the real world.
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