Instead, the breakdown was caused by a failure to model for truly extreme events.
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"First and foremost, we fully expected failure in our model, " says Winebaum.
To deal with modern attackers, the kind that will go after our pillars of trust, we need a new failure-tolerant model of defense.
The one failure of this model, other than writing that comes from robots wearing fedoras with press cards stuck in them, is that it only mentions a few players.
Lastly, one lesson that we learned from the failure of the endowment model during the 2007-2009 credit crisis, is that low leverage, complete transparency, and daily liquidity are essential during times of market distress.
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The club is going through a bit of an existential crisis the last several years with the departure of Cesc Fabregas and potential departures of Robin van Persie and Theo Walcott being interpreted as a failure of the Wenger youth model.
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That failure brought me to the model the site is launching now with an IndieGoGo campaign, which serves citizens, musicians, artisans and local businesses by helping them sell and promote their independent commerce locally while also supporting free community media by and for Brooklynites.
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Despite the bank's flawed business model which led to its failure, it received a clean bill of health from KPMG.
BBC: HBOS bosses remain under fire as Sir James resigns posts
Degenerative diseases such as Alzheimer's may turn out to be more difficult to model because they involve the failure of more than just brain cells, Markram says.
In my view, the blame will more likely belong to our failure to recognize that the prevailing business model for investor-owned utilities is flawed, antiquated and deeply ineffective.
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"The GAO is prepared to assist the Bureau throughout the process to ensure that this technology upgrade becomes a model program instead of another government IT failure like those which GAO found at other agencies, " the letter said.
That isn't a business model -- it's an equation for failure.
If self regulation is, in fact, a workable model, then why has it been such an abject failure?
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Lately, his Lean LaunchPad course at Stanford has been the model for an intriguing pilot programme called Innovation Corps (or I-Corps for short) which seeks to turn the traditional Silicon Valley start-up model on its head, and thereby reduce the woeful failure rate of new ventures.
Yet, at the same time, the failure of minorities to get far up the social ladder shows the limits of the French model.
In 1948, six Boeing engineers worked for weekend in a hotel room to produce a 33 page proposal, which included moving from turbo-prop to jet engines, and accompanied this proposal with a balsa-model prototype, in order to salvage a team project that was at the risk of failure.
This well-reported and smart article on Reuters explained the growing failure of Groupon ( GRPN) to live up to expectations, and explored how it might alter its business model to revive growth and survive.
FORBES: What If the Groupon Business Model Was Right -- And the Problem is Just Crummy Execution?
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