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...very simple. Today we are 63 potential shareholders. I have six children; we are six brothers and sisters from my father. Twenty-three grandchildren; already there are grand-grandchildren of my father's. First of all, we want a stronger company. The second point is to bring the company public. It has two advantages. The first is that everything you do is for the strength of the company. Second, the future shareholders should not be trapped as shareholders. They should be free to sell, to buy, whatever they want to do. If the company's strong, the family will...
Subjects with a demonstrated propensity toward anger were much more likely to opt for B. That may be a scary outcome when you're talking about public health, but our economy needs people willing to give up certainty for the possibility of grand success. Of course, some people take on too much risk: the day trader who loses his house; the hedge funder who turns an investor's life savings into dust overnight. But right now policymakers should not be afraid of stoking our anger--and therefore our risk-taking. As Lerner has written, anger is associated with a desire...
...This is quite a gamble Obama is taking. Just as he could have opted for the adrenaline rush of grand rhetoric in his Inaugural Address but didn't, he could have turned any of the profoundly serious actions of his first week into a whiz-bang photo opportunity. He could have planted solar panels and a wind turbine on the White House roof or blasted the Bush Administration as he signed an Executive Order banning torture or lacerated the bankers who got us into the economic mess. But that's not his style, apparently. He has reversed the tactical...
Venice's historic treasures have one drawback: they can dupe visitors into believing the city is stuck in a time warp. For a taste of the 21st century, check out the new restaurants on the Grand Canal's south bank. Ancora is the latest to cause a stir with its all-white décor, nightly jazz sessions and Mediterranean-with-a-twist menu - try the raw tuna and avocado salad with kabayaki sauce, or the bass with olive oil and white beans...
...Venice's most significant break with tradition is the new bridge across the Grand Canal. Designed by Spanish architect Santiago Calatrava, Constitution Bridge - which connects Santa Lucia rail station and the Piazzale Roma bus terminal - caused controversy at first. Now, however, its swooping glass-and-steel curve has become the signature of a city that knows how to have...