Word: approachement
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...book, Ellis traces Goldman's successful management approach to the firm's slow recovery from near failure and mortal embarrassment after the 1929 stock-market crash. (An investment fund it launched was one of the era's biggest disasters.) Goldmanites had no choice but to stick together and look to the long run. The firm's now pilloried entwinement with Washington (some call it Government Sachs) began in those days too, after managing partner Sidney Weinberg made the rare-for-Wall Street move of backing Franklin Roosevelt in 1932. That led to a key role for Weinberg in the World...
...Whether such efforts can truly work may determine the fate of Taiwan's economy. "The old model is a top-down approach," says ITRI president Johnsee Lee. "The innovation economy has to be more bottom-up. It needs more talent." Morris Chang says Taiwan lacks that talent, because the country's education system stresses rote learning, resulting in "very little independent thinking and very little creativity." Chang also points out that Taiwan has to contend with a greatly changed international environment. "China wasn't in the picture 30 years ago, neither was India," Chang says. "You have a big competitor...
...test the idea, the researchers took the following approach: 84 students at a Chinese university were divided into two groups. One group counted 80 large-denomination bills; the other group parceled out 80 pieces of plain paper. All participants then played an online video game in which, using game controls, they could throw a ball and play catch with other Internet players. But the game was rigged so that after 10 throws, half the students would no longer get the ball thrown to them, while the rest of the students continued to play catch. When the game ended, participants...
...while money can't buy love, counting it could help you find that special person. "Maybe young men who are going out to bars to try to meet women should count money," muses Baumeister. "I gather they have to approach a lot and get rejected a lot. I am not a specialist in bars, but it would make the men feel strong and probably make them not as bothered about being rejected over and over...
...parties do not benefit from trade. "We are disappointed with the number of inaccuracies and omissions in the report and are concerned that all the facts should be properly represented in a balanced way," AMC said. The company statement went on to say, "We are concerned that Global Witness' approach will lead to a de facto ban on the trade which we do not believe is in either the short term or the long term interests of the Congo either economically, politically or socially...