Word: systemics
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...financial crisis and its aftermath have dramatically changed investor perceptions, particularly with respect to the soundness of our financial system. In response, big financial firms are changing, but few firms have changed more than Morgan Stanley. The latest sign of Morgan's transformation came two weeks ago when the firm announced that James Gorman would replace Mack in January. Unlike Mack, and nearly every other head of Morgan Stanley, Gorman has never been an investment banker. Gorman, a former McKinsey consultant, joined Morgan three years ago from Merrill Lynch, where he had run that firm's brokerage force. At Morgan...
Politically, President Bush’s ambitious plan of missile defense had long aggravated Russia, who thought the system was directed against it. Russian President Dmitri Medvedev, however, welcomed Obama’s plan, calling it “responsible.” On that note, we are pleased that the new plan will improve relations between Moscow and Washington, especially leading up to talks on nuclear-missile reductions scheduled to take place later this month. The White House, however, was quick to point out that the plan does not represent a concession to the Russians, but a reassessment...
...This system must change. Without a standardized means to require generic production of certain technologies, Harvard effectively endorses the needless death and suffering of millions of people in the developing world. Instead, when it licenses a compound to a biotech or pharmaceutical company, the university should mandate that the drug created from that compound be allowed to be produced generically in developing countries, a move that would inherently lower the drug’s price...
...Saying yes to drugs means institutionalizing a policy that recognizes access to medicines and health-related technologies for all as the primary purpose of development of health-related technology—that implements a system of technology development that ensures patients have access to the final end product they need, such as formulated pills or vaccines. It is systematic in its approach, sufficiently transparent to verify its effectiveness, and based on explicit metrics that measure the success of technology transfer by its impact on access and continued innovation; that removes legal barriers to generic production of Harvard technologies in resource...
...veto of new sanctions measures at the Security Council could actually prevent Germany from signing on. And Russia is hardly looking flexible. Foreign Minister Lavrov reiterated Russia's opposition to new sanctions Sept. 17, even after the U.S. announced the scrapping of a plan to deploy a missile-interceptor system in Poland and the Czech Republic - a move Moscow had long sought...