Nassim Taleb says Covid-19 pademic is not a "black swan"March 31, 2020 - 13:54 AMT PanARMENIAN.Net - Nassim Taleb, the former options trader who predicted the 2008 financial crisis in his bestseller "The Black Swan", has described the coronavirus pandemic as a "white swan". In an interview Monday, March 30 on Bloomberg Television, Taleb criticized the $2 trillion economic relief package signed into law in the United States as a bailout for investors and for companies that drained cash or levered up to buy back stock. What irks Taleb most of all is the suggestion that the virus pandemic is a "black swan" event, a statistical outlier so rare no one could have predicted or prevented it. His 2007 book of the same name flagged globalisation as reason enough to anticipate a "very strange acute virus spreading throughout the planet." "We've had black swans -- September 11 [2001] was definitely a black swan," he said. "This was a white swan." Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |