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Fundamentals of Enterprise Risk Management, 2nd Edition by John J. Hampton

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CHAPTER 4

CHALLENGE OF THE BLACK SWAN

RISK QUOTE: The world is getting to be such a dangerous place, a man is lucky to get out of it alive.

—W. C. FIELDS, COMEDIAN AND MOVIE STAR

RISK QUOTE: A lie can run around the world six times while the truth is still trying to put on its pants.

MARK TWAIN, HUMORIST AND WRITER

2014 Atlanta Ice Storm

In 2011, Atlanta was devastated by a storm when six inches of snow and 1 inch of ice closed down highways, schools, and malls. It took several days to resume normal life. The same thing happened again in 2014 with 1 inch of snow. Nathan Deal, Georgia’s governor, said he was off guard because of a failure by the National Weather Service to warn his administration of the impending storm.

The Service has three ...

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