Word: foresights
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...clear how much his cluelessness drove the crisis. Bernanke makes a convincing case that the remarkably loose monetary policies he supported under his predecessor, Alan Greenspan, did not create the housing bubble; it's amusing to see longtime Greenspan fanboys like John McCain trashing Bernanke for insufficient foresight. And while the Fed should have provided stronger oversight, Bernanke is a much more aggressive regulator than Greenspan ever was; in any case, the Fed was never responsible for AIG, Bear Stearns, Lehman Brothers or most of the other firms that blew up the financial system...
...Allied commanders knew Omaha would be the hardest beach to take on D-day. Its gentle curve and imposing bluffs made it a natural killing ground. But even so, the lack of foresight seems breathtaking. Bombers were supposed to have softened up the German defenses, but they released their payloads too late - they were worried about hitting the landing parties - and missed the bunkers completely. Rockets were supposed to pound the beach from offshore, but they fell short. The German defenses were practically untouched. "All it's done is wake them up!" one officer remarked. That the assault on Omaha...
...This public-sector foresight has created alluring opportunities for the most tech-savvy private sector on earth. The venture capitalists behind the high-tech and biotech booms see clean tech as the next big score. The necessary engineers, scientists, accountants, lawyers, marketers and other knowledge workers are already there. "We've already turned industries on their heads, so we assume we can do it again," says Steve Dolezalek, VantagePoint Venture Partners' managing director, who oversaw the firm's software and life-sciences investments before heading its clean-tech group...
...small businesses are also more vulnerable than large companies precisely because they work with a light staff - lose two workers to the flu and a shop's workforce can be cut in half for a week or more. And, says Mavity, even if a company had the foresight to buy insurance in the event that a catastrophe disrupted the business, policies are often so narrowly construed that they probably would not offer protection against a flu pandemic...
...preserve endowment resources at a time when budgetary crises are sweeping higher education sets Princeton apart from its peers. And the decision—which appears to defy calls for schools to spend more from their endowments to sustain services and employment—may actually reflect remarkable foresight and could strengthen Princeton’s future spending capacity...