Over the Xmas break various family members were engaging in an interesting conversation whose starting point was the way many people are excessively, indeed sometimes hysterically concerned about the dangers of asbestos fibres from nearby demolitions or renovations. The background theme was how poorly people understand risks, especially small risks, and how they misplace their [...]
Archive for the ‘Risk’ Category
Asbestos and Extinctions
Posted in Critical Thinking, Risk on January 1, 2008 | 1 Comment »
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Can this be true?- Cutting IRS = stupid“IRS data show that auditors assigned to the 14,000 or so largest corporations found $9,354 of additional tax owed for every hour spent testing tax returns in the 2009 fiscal year. The highest-paid IRS auditors make $71 an hour. Based on a 2,080-hour work year, that works out to around $19 million of lost revenue annually for every senior corporate auditor p […]
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