One might presume that Krawcheck had been in a position to exercise some control over, or to at least call someone's attention to, the looming catastrophe.

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In the early 1980s, the Swiss watch industry faced looming catastrophe as it failed to realize the importance of quartz watches, even though the quartz watch had been invented in Switzerland in 1967.

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Well okay, that money was actually earmarked for a health care newsletter rather than to advance their insidiously skeptical positions regarding a looming climate catastrophe.

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