Word: focusing
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...dumb mammals, powerless in the presence of cheap stimulants (Salt! Sugar! Fats!). The arguments we use to justify our dependence on them are callow and banal - why, for example, is eating healthily equated with being "boring," when nothing could be more boring than being dead? Why do we obsessively focus on the one-in-a-million 90-year-olds who survive against all odds, and ignore the countless multitudes who have had their lives radically foreshortened because of cancer related to drinking, smoking or obesity? Why do we utter banalities like "life is for living," even as we pay good...
There are, of course, differences between rowing and business. Rowers only have one obvious goal to focus on: the race. Business teams often have several, simultaneous and even conflicting goals. Coaches have the luxury of selecting from the best talent on campus, while managers in business usually have to make do with a more limited pool. In both cases, "it is a combinatorial game," De Rond says, and managers need to rely on their instincts as well as objective assessments to find the right mix of players. And that means every top-flight, tightly wound crew might want to save...
...past her at the finish. In the competition for the Democratic presidential nomination, Hillary Clinton has two racers on her heels, and so far they have worked well in tandem. But as Clinton shows signs of flagging, Barack Obama and John Edwards are facing a difficult choice: continue to focus their attacks on the front runner or go after each other...
Fang had a different perspective. The exchange rate "has served China very well, and we don't want to change voluntarily," he said, although none of the board ruled out the possibility that the country could eventually yield to U.S. pressure. But "it's wrong to focus so much energy on the exchange rate," Fang argued, noting that even a 5% movement wouldn't do much to help plug the U.S. trade deficit. It would be far smarter to address concerns like China's uncompetitive service sector--allowing foreign banks to set up shop, for example. "China can open...
...French economist, like Fang, warned against excessive focus on currency. Governments, particularly in France and Germany, need to continue reforming their economies to boost productivity, reduce the relatively high cost of labor and find better investment uses for a huge pool of savings that is sitting in bank accounts that yield very low returns. France's savings rate is higher even than Japan's. "The strength of the euro highlights European structural problems; it doesn't cause them," Blanque said...