This international bestseller, which foreshadowed a market crash, explains why it could happen again if we don't act now. Fractal geometry is the mathematics of roughness: how to reduce the outline of a jagged leaf or static in a computer connection to a few simple mathematical properties. With his fractal tools, Mandelbrot has got to the bottom of how financial markets really work. He finds they have a shifting sense of time and wild behaviour that makes them volatile, dangerous - and beautiful. In his models, the complex gyrations of the FTSE 100 and exchange rates can be reduced to straightforward formulae that yield a much more accurate description of the risks involved.
Read alsoSelf-Protective Measures to Enhance Airlift Operations in Hostile Environments: Electronic Warfare, Radar, Airborne Interceptors, Infrared Tracking, Lasers, Directed-Energy
The national strategy of defending US interests as far from North America as possible has elevated airlift's importance in national security to a critical level. Air Force support of this strategy has led to the acquisition of new airlift aircraft and an emerging doctrine of global forward delivery that exposes airlifters to a wide range of…