Word: lessoned
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...lesson Summers draws from this is that Washington must "insist that reforms be put in place so that the mistakes of the past are not repeated." That makes more sense than singling out Goldman and JPMorgan for being too good at what they do. The question, though, is whether such reforms can actually be enacted. In the past, Goldman and JPMorgan - and the rest of the financial industry - put their highly talented employees to work dismantling any regulation that might get in the way of higher profits. If they try that again, maybe "swine" and "vampire squid" will prove...
...share can be even tougher. After setting the pace in netbooks, Asustek has since been losing sales as much larger rivals, including Acer, have muscled in. The company posted its first quarterly loss in the last three months of 2008 after misjudging demand during the recession. "That was a lesson learned," says Asus chairman Jonney Shih, who is adjusting by shrinking the company's product line. Says HTC's Chou: "You're competing with giants like Apple and Nokia. You must really have something special...
There is another lesson in Wiedeking's downfall, a lesson unlikely to be lost on automotive executives, investment bankers or even European Union bureaucrats: Volkswagen is not just any German company. Wiedeking lost his bid for control of VW when he lost the support of Ferdinand Piech, the VW supervisory board chairman who initially backed a Porsche takeover. Piech realized that Christian Wulff, the premier of the state of Lower Saxony, which holds a blocking stake in the carmaker, would not support a takeover. All Wulff had to do was use the so-called Volkswagen...
...larger lesson of that day was that everyone in this vast land had instant, common access to the same information on events large and small. And there was no shortage of large ones: Vietnam, the civil rights movement, assassinations, the counterculture, space shots, Watergate...
...forbidding primordial stretches of Outback twice a week, like giant high-speed caterpillars. It's a seemingly endless landscape of Martian redness, and to be able to enjoy it all from a private Platinum cabin - while taking high tea served to you by a personal butler - is a curious lesson in the persistence and ingenuity of humankind...