Word: succession
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Three main lessons present themselves. First, our complex financial system is awfully fragile. Second, government action is capable of keeping a financial panic from snowballing into a complete economic disaster along the lines of the Great Depression. Third, the government has - in large part because of its success in averting disaster - found it difficult to take any actions that would make the financial system less fragile in the future. That would, apparently, be too much government intervention...
...wish we were better at our personal finances, but it's just too confusing - and boring! Secretly, we wish someone else would do it for us. This is the key factor behind the success of Mint.com, a website that was started three years ago by then 25-year-old CEO Aaron Patzer in his Silicon Valley apartment. Now it has been sold to Intuit for a stunning $170 million...
...Nahuatl and the Maya, numbering more than 2 million each). As a result, Afro-Mexicans say they have been left out of institutional programs and are without a cultural identity. The group Mexico Negro A.C. is linking with similar Afro-descendant organizations in Latin America that have achieved success in securing better treatment. "We no longer want to be detained by security agents in our own country who say that in Mexico there are no blacks," says Rodolfo Prudente Dominguez, an activist with Mexico Negro...
...only respite from the industrial argot and ominous exhortations came in the form of John Studzinski, who took to the fore again apparently to lighten the mood and explain his particular realm of expertise: acquisitions and mergers. In explaining the key to success within Blackstone, Studzinski cited "the three D's: data, details, and deadlines." To clarify exactly what this meant in terms his audience might appreciate, Studzinski stated that the analyst's job entailed "a lot of boring shit work...
...Israel’s success, however, does not come without a new and growing risk: preemptive action on a much larger scale. Deputy Prime Minister Dan Meridor of Israel has claimed “the clock is ticking” on negotiating with Iran about its nuclear program. According to Meridor, the United States and its Western allies have the chance to position Iran to stop its atomic projects, provided they apply the proper political and economic influence...