Word: inventive
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...position: it's far from certain Washington is going to accept strict new regulations imposed on the U.S. economy by outsiders. President Barack Obama wooed the world with talk of change, but resistance to regulation remains strong in the U.S, where the ability of companies and markets to invent, innovate, and take risks remains fundamental to the American dream. "There's an enduring view in the U.S. that the national economy is a powerful machine that crashes every now and again, but which eventually fixes itself and roars back to the front of the pack," says Mark Duckenfield, a professor...
...that product to as large a group of people as possible, ignoring every natural or national boundary. Unpretentious and supremely practical, he will surely engage in the dirtiest of commercial habits: He will spy on his competitors to stay a few steps ahead, fire incompetent employees with alacrity, and invent new business models, all in an effort to capture new market space. It is hard to fathom the ingenuity we would witness if capitalists participated fully in the one-half-trillion dollar market of educating American children, sights set broadly on the trillions more that lay beyond our borders...
Ericsson has become famous for the 10-year rule: the notion that it takes at least 10 years (or 10,000 hours) of dedicated practice for people to master most complex endeavors. Ericsson didn't invent the 10-year rule (it was suggested as early as 1899), but he has conducted many studies confirming it. Gladwell is a believer. "Practice isn't the thing you do once you're good," he writes. "It's the thing you do that makes you good...
...record their reflections, providing an accurate map of potential drill sites. It's a technique that saves oil companies lots of money and allowed Hildebrand to retire at 40. He was debating the next chapter of his life at a dinner party when a guest challenged him to invent a box that would allow her to sing in tune. After he tinkered with autocorrelation for a few months, Auto-Tune was born in late...
...ended his media tour as he began, with a salesman's smile and an Idol rejectee's confidence. We would all know his true heart someday, he assured us. All we need is to hear his words in complete context. That may never be possible, however. Not until they invent a microphone that can record what it sounds like inside Rod Blagojevich's head...