Los Angeles Times (August 19)
“With more than a million acres burned fairly early in the fire season, California is entering uncharted territory as the record dry conditions that have fueled so much destruction will soon combine with seasonal winds that fire officials fear will bring unprecedented dangers.” Many experts fear for the *fire-prone state” as the *impending arrival of strong Santa Anas and Diablos — which typically move in around mid-September — could mark even more misery for weary residents and beleaguered fire crews.”
Tags: Beleaguered, Burned, California, Dangers, Destruction, Dry, Early, Fire crews, Fire officials, Fire season, Million acres, Misery, Seasonal winds, Uncharted, Unprecedented, Weary
Bloomberg (April 13)
A “$105 billion ‘ghost stock’ blunder” created market upheaval in Korea. An error at the South Korean brokerage Samsung Securities Co. gave employees 1,000 Samsung Securities shares each instead of 1,000 won (less than $1). “In total, the company distributed 2.83 billion shares, worth—on paper—about 112.6 trillion won. That was more than 30 times the company’s market value.” As employees sold the ghost shares, the stock price “plunged” 12% and “many retail investors got burned.”
Tags: Blunder, Brokerage, Burned, Employees, Market upheaval, Retail investors, Samsung Securities, South Korea, Stock
