Word: complexity
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...just wrote an entire book about how smart people make bad decisions. Maybe you could shed some light on the financial meltdown. Increasingly, we as human beings create systems that are more complex than we can comprehend. If you're designing an airplane you create redundancies to try to mitigate bad outcomes, but as we saw earlier this year with Air France 447, when certain cascading events line up, they can lead to a disaster that you just can't anticipate. In the realm of the social, we create institutions like global, interconnected markets. By and large when investors...
...also cited Abraham Maslow, an American psychologist who wrote about the “Jonah [Yonah] Complex...
Zazi would turn up for afternoon prayers each Friday - Islam's holy day - parking the ABC van in the parking lot outside the sprawling brick complex with its black dome and narrow minaret. Other regular worshippers agreed that he never spoke to anyone and usually rushed off immediately once the service ended. Many are suspicious of the charges against Zazi but say that, if true, Najibullah Zazi could not possibly have been indoctrinated in Denver. "He was like an outlier," says a mosque official who didn't want his name used. "This is a community that is very close...
...complacency. Consider the financial reforms that Obama's Administration wants to push through Congress: the big ones are creating a Consumer Financial Protection Agency, giving the Federal Reserve the job of systemic-risk regulator and establishing a "resolution regime" to wind down troubled nonbank financial institutions (like Lehman) and complex bank holding companies. Steps in the right direction? Probably. Truly major reforms? Not so much--and even they may not win congressional approval...
...Iran issue is dauntingly complex and terrifyingly volatile, but not impossible to solve. It is not in Iran’s best interests to start an international conflict when the only one on their side is an Iranian public who questions its own government’s legitimacy. Rather than immediately coercing Tehran, Obama should make sure that he continues to adopt a flexible and multilateral foreign policy through negotiation, not alienation...