Word: insights
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...illegal immigrants. His much touted plan for a union for the Mediterranean looks stillborn. German Chancellor Angela Merkel has worried that it could undermine the European Union; Libyan leader Muammar Gaddafi has deemed it a colonialist affront to Maghrebi pride. Yet at its core, Sarkozy's plan has an insight that is as simple to state as it is difficult to realize: that the best way to stem the tide of illegal immigration across the Mediterranean is to create wealth on its southern shores...
Barack Obama's great insight is to blame "speculators" for raising oil prices artificially. This could even be true, but if so, it's irrelevant. Speculators cannot affect the price of oil in the long run. What speculators do is get us to the long run sooner. If they think underlying forces of supply and demand will ultimately result in oil at $200 per bbl., they will bid up the price until it is close to $200 per bbl. already. Similarly, if speculators think the price of oil will go down, they will drive it down more quickly. So, actually...
...search online can provide invaluable insight into our economic state of mind. One big change in search term usage in the online retail sector is "new" versus "used." The volume of searches that contain the term "used" in search queries has increased 21.8% since the beginning of the year, indicating that people are using the Internet as a means of locating price savings over "brand new." This change in consumer behavior is also apparent in the individual domains with the greatest increases in traffic over the last year. The online classifieds website Craigslist.org is up 93.4% comparing the week ending...
...managing with the same premise. People have insight that I can't see. The closer you get to the customer the better your ability to see what the real needs of the business are. So how do you collapse the distance between the person that can see the customer's needs and the person at the decision-making level? A person in a blue shirt in a store probably has the best single insight as to what your needs are. How do we as a company follow his leadership, not mine? I've been around for 35 years. I could...
...That last insight is the key. Victor Gusev, Russia's leading football commentator, warns it will take years for the system to produce enough young players to reverse what he calls the "horrendous football losses of the perestroika period and of the early 1990s," when the old Soviet sports structures collapsed and young people abandoned the game in droves. But with Russia's corporations and businessmen flush with cash, there's a chance to build something again. And even if the Russians don't make much of a splash at Euro 2008, there is another prize in their sights: officials...