Word: doneness
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What's your writing routine? Are you a morning person? I usually get up at about five o'clock and I do a three-mile walk with a friend of mine. We've done that for a decade now. I come back, get the kids off to school with my husband, and then I go up to my office and answer fan mail for about an hour or so online. Then I pick up whatever I've been writing the day before and read through it on the screen, editing as I go. When I get to the bottom...
...this be avoided? You have to have a set of concerted, coherent policies done not just by the U.S. but by Europe, Japan, China and everyone else. The credit crunch is just massive. One thing that's needed is much more aggressive monetary easing. The second dimension is that you need much more fiscal stimulus - in the countries that can afford it - that is front-loaded. The U.S. [stimulus package] is $800 billion, but only $200 billion is front-loaded. Of that $200 billion [in stimulus] this year, half of it is tax cuts. That's going...
...insolvent. The insolvent ones you have to shut down. You need more aggressive credit creation by the government, or you have to force the banks to lend. We're in a war economy. You need command-economy allocation of credit to the real economy. Not enough is being done. (See which businesses are bucking the recession...
...President Barack Obama doing? I have to give [the Obama Administration] credit. In about six weeks, they have done three major things: the $800 billion stimulus package, a mortgage program that is much more than the previous Administration did and a bank plan that, however flawed, at least has the benefit of not having another bailout of the banks. The glass is half full. But for each one, there are some flaws ... the bank plan wants to pretend that the government is half pregnant with the banks. The debate is between partial and full nationalization, not between nationalization...
...steps that need to get done. And now, we are collaborating, linking entrepreneurs across borders. We see that an idea...