Black Swan News
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The first 401(k) retirement plan was born less than 33 years ago. The U.S. Social Security program is still in its seventies.
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The Royal Ballet’s artistic director Kevin O’Hare has started with a splash: He’s recruited a prima ballerina who was previously the pride of Moscow’s Bolshoi.
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The Bretton Woods economic conference would make a great movie: Dashing celebrity economist John Maynard Keynes of the U.K. squared off against U.S. Treasury official Harry Dexter White, who was later revealed to be a Soviet spy.
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Mark Spitznagel pushes the throttles on his new twin-engine Chris-Craft Corsair 28, slicing through Grand Traverse Bay in northern Michigan on a warm day in late July. As the speedboat reaches more than 50 miles per hour, Spitznagel’s blond hair flying in the wind, he churns up a big wake.
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Nassim Taleb believes in probabilities, not predictions, but at times it can be hard to tell the difference. “The real Black Swan event,” he said in June, “is that people are not rioting against the banks in London and New York.”
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President Barack Obama’s administration has perpetuated the causes of the 2008 financial crisis by failing to break up the largest U.S. banks, according to New York University’s Nassim Nicholas Taleb, author of the book “The Black Swan.”
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Mary Schapiro, the former chairman of the Securities and Exchange Commission, must take us for fools.
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Dancer Benjamin Millepied, who choreographed the movie “Black Swan” and had a small part in it, will head the Paris Opera Ballet from Oct. 15, 2014.
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Swan meat has disappeared from the menu at a hotel restaurant on the Baltic island of Ruegen after protests from environmentalists in German Chancellor Angela Merkel’s home constituency.
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Reduced financial-market volatility may make the global banking system more fragile, according to New York University’s Nassim Nicholas Taleb, author of the book “The Black Swan.”
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