Word: worlding
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When you invite the world to a party, there are going to be glitches. Transport snarls, a lack of early snow and a mechanical snafu during the opening ceremony prompted one British newspaper to label Vancouver a contender for "worst Games ever." But minor hitches are inevitable. So too is a little criticism. What matters is how you react. "Success is measured in part or determined by how well you respond or how you cure inefficiencies early on," says Hula. And in that sense, "[Vancouver] did very well." (See pictures of Olympic highs and lows...
Lucian Grainge's management style is not short on theatrical flourish. Four years ago, the Briton who is about to become the world's most powerful music industry executive, arrived late to the boardroom of Universal Music Group's international head office in London after the company had suffered a particularly poor sales period. As he entered, he turned off the lights, leaving his executive team sitting nervously in the dark. He then paced around the room until finally uttering the words: "See that. Better get used to it. That's what it's like when you don't have...
From a historical perspective this makes a great deal of sense. Consider that the top marginal rate peaked at 94% in the final years of World War II. It remained above 90% for most of the 1950s, and held steady at 70% during the 1970s. Republican Ronald Reagan emerged as the great tax buster, shaving the top bracket to a mere 28%. (During his presidency the rate in the bottom bracket increased by a point...
Pacific Investment Management Co., based in Newport Beach, Calif., and manager of the world's biggest bond mutual fund, is warning investors that Britain's stratospheric debt load is resting on a bed of uncertainty comparable to "nitroglycerin." If Britain is receiving such harsh criticism from money managers, can the U.S. be far behind...
...study, Zhong and his colleagues took a subtler approach, but one that's likely to have more real-world implications. In the first part of their three-part experiment, they recruited 84 students and divided them between a brightly lit room with 10 fluorescent bulbs burning and a dimmer room with only four bulbs. The subjects were each given a brown envelope with $10 in singles and coins as well as an empty white envelope. They were all then told they had five minutes to complete a simple mathematical task, looking for pairs of numbers that added...