Opinion Israel Knows a Big Quake Is Coming, So Why Isn't It Preparing?

It's that old Black Swan at work: If it happens it could be a disaster, but no one can tell us with any certainty when or how bad it will be, so we ignore it

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No doubt the Bank of Israel economists who upgraded their forecast on Monday for economic growth this year to 3.7% from 3.4% took into account all the usual parameters. What they didn't consider (and to be...