The black swan theory is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight. The theory was developed by Nassim Nicholas Taleb.
The COVID-19 crisis is one of the worst health emergencies the world has witnessed for a century, and its economic impact could be just as […]
Last month 22 million Americans applied for unemployment benefits — easily the worst stretch of U.S. job losses on record. The losses translate to about […]
The World Health Organisation (WHO) has put scientists and health workers around the globe on alert for a new and potentially deadly pathogen – Disease […]
Wuhan’s streets are deserted apart from ambulances and security personnel as the city’s 11 million people are confined to their homes. Doctors and nurses arrive […]
Taiwan’s chief of general staff, Shen Yi-ming, and seven high-level defense officials have died in a helicopter crash Thursday morning in a mountainous region south […]
As of December, the US economy has expanded for a record 126 straight months, the longest time period in the country’s history. In other words, […]
More than 600.000 vacationers were left stranded when the 178-year-old travel company, Thomas Cook, announced Monday, with some of its flights still in the air, […]
Ein Bilanzskandal um GE hat das Zeug, den gesamten Markt für Unternehmensanleihen in Mitleidenschaft zu ziehen. Der Experte Harry Markopolos bezichtigt GE in einer Studie, […]
In Japan it is now allowed to create a pig embryo with a human pancreas and transplant it into the womb of an adult pig, […]
It is the first time in history that two nuclear-armed powers (India and Pakistan) have launched air strikes against each other, while ground forces have […]
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