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...unlike the risks at the poker table, where your losses are just yours, in the larger world, you can take down a lot of other people with you. "Organizational malfeasance in general depends on this kind of risk analysis," says Siler. "Look at a place like Enron. People took a lot of small chances and won, then took big chances and lost big." Indeed, Siler points out, during the recent financial crisis, an entire nation - Iceland - went bankrupt in a similar way, trusting high-risk, high-reward investments that quit paying...
What are some practical ways businesses can improve performance? The do-it-yourself performance review. I have not encountered a single person who thinks performance reviews are useful, valuable or enjoyable. They take place too infrequently. If you want feedback on something, you want it pretty quickly, rather than six months later. At the end of the month, call yourself into your office, and give yourself an appraisal. How are you doing? Where are you falling short? People want to know how they're doing and I think we can assess that ourselves...
...stay optimistic about business and companies' abilities to change with record-high unemployment? We tend to get faked out sometimes by the particular moment that we're living in, whether it's a boom or a bust. If you take three steps backward, you'll realize that the trajectory of things is generally positive. It's not in one smooth upward slope. It involves some pain along the way. But in general, the future is better than the past...
...White House about Obama's briefings. Did any possible AQAP threat to the homeland ever appear in a PDB or any other briefing? How many times was Obama briefed on it? What threats were described? Did the President ask any follow-up questions? Did he task anyone to take any particular actions? Were any of AQAP's tactics, like explosives sewn into clothing, mentioned in briefings to the President? (See pictures of the foiled 2006 airline-terrorism plot...
...neither of these somewhat scary scenarios for Harry Reid are likely. "We view the race with Coakley comfortably ahead," says a Senate Democratic leadership aide. "In this climate, we take nothing for granted. A win is a win, and we need to make sure she pulls this off." In fact, Democrats are now a little less worried about keeping the seat - if anything, the public policy poll did them a good turn, helping to energize otherwise lethargic Dem voters...