Instead, the breakdown was caused by a failure to model for truly extreme events.

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The worrying parallel is not that Argentina is a country with a strong Italian heritage, or that it was once rich but has become relatively poorer, but rather that it adopted an extreme variant of the old Italian model: high inflation, high public spending, high budget deficits and frequent devaluations.

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SmartBird is an ultralight but powerful flight model with excellent aerodynamic qualities and extreme agility.

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The extreme opacity of medical pricing undermines the high-deductible plan model.

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