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...outcomes, where what you should try to separate is the skill component, what people can control, and the luck component - wind to their back or wind to their face. For companies, there are some outliers - some do better or worse for longer - but it's not a large number of companies and we don't understand why. Random processes can explain an enormous amount of what we see in the real world. This idea of a best team, you should always be circumspect about that...
...coincidentally, Powazek had been working with Hewlett-Packard on the development of MagCloud, a publish-on-demand service that lets anyone become his or her own print magnate. Potential publishers e-mail the site any number of documents to be printed on standard, letter-size magazine stock. MagCloud takes care of the rest - binding the pages, selling the finished magazine on its website and delivering each order. For this HP charges about 20 cents per page; the publisher of the magazine can add a markup to that. (See pictures of Australia's dust storms...
...been easy. His advisers told him the number, based on unproven assumptions, was too wobbly to survive a legislative debate. The truth was, they said, nobody knows exactly how much money could be saved by reforming health-care-delivery systems, as Obama and both houses of Congress have proposed. All they knew was that such reforms, which aim to restructure payment systems, decrease costs and increase the quality of care, are the only promising path forward to save the country from fiscal Armageddon. "You have never done it before, so how are you going to quantify it?" says Peter Orszag...
...task, like a salesman without a shiny car on the lot to show off. He is not exactly telling people to trust him - the theories behind the proposed cost savings are well documented. But he is promising something that cannot be demonstrated just yet, so instead of using the number he originally did, he has now settled on phrases like "It's going to start driving down our costs over the long term...
...number of months now of a cessation of rocket fire, proactive action by the government here in Gaza to stop the rocket fire. And yet we have no positive development in terms of the siege and other actions that have been taken, which are crippling the whole society here," John Ging, head of the U.N. Relief and Works Agency in Gaza, told TIME on Sunday. "It's a tinderbox, this place, ready to explode at any time." After a cross-border attack on the recent Jewish holiday of Rosh Hashanah, the Israeli army released a statement warning that it would...