We go to war not because we ignore the costs, but because we know there are costs, but we are willing to pay those costs because we get something from the war which we wouldn't get otherwise.
— Christopher BlattmanMost fundamentally, the subprime bubble was created by- a surfeit of global liquidity due to large current account surpluses in China and other emerging economies and easy global monetary policies; a flawed private mortgage securitization process that funnelled the liquidity into poorly underwritten mortgage and other loans; and weak regulatory oversight that failed to catch and rectify the problems in the securitization process.
Why should a creature that evolved out of slime, which has all the limitations which we do, be able to access this fundamental information about the universe which allows us, for example, to be able to predict the magnetic moment of the electron to a trillion decimal places on the basis of purely mathematical calculation. Why does that work? It is a miracle, it is magic, but it works- and that's the part of magic that's real.
Management that is forced into near time results and paybacks is not tuned for the sort of messages that design has to offer––those of long term customer relationships, of innovative approaches to creating desirable uniqueness.
I look at life as a game rather than as success and failure. For most people, failure is a dirty word... they avoid anything to do with failure, they won't go anywhere near it. It stops them trying – stops them committing – stops them experimenting.
individuals throughout an organisation are usually far more passionate and committed to the organisation than in most for-profit companies
Contemporary photography is quite exploitative – and looks at people as objects in a display-case rather than as individuals with whom we have a shared common humanity, connection, and solidarity. Photography has gone from I am part of this, to look at this.
There's a misconception that outstanding work and profound well-being are mutually exclusive. But in reality, both are crucial for lasting success—emphasis on 'lasting'.
…discrimination on the basis of sex, it has been said, is the last universally accepted form of discrimination, practiced without secrecy or pretence even in those liberal circles that have long prided themselves on their freedom from prejudice against racial minorities.
These are technologies that are autonomous in many, many ways. They are independent in many, many ways – they have free will. They can replicate. And that makes a difference because then we teach them how to learn, but we have no idea what they will do with that ability to learn and develop intelligence.
I actually think social media can be fine, and in fact if you look at the first year or two of any particular social media, they often start out quite charming before the stupid business model kicks in where companies can only make money by having third parties inject money into the system.
Instead of militaries fighting militaries, we now have militaries or military motivated agents that are able to activate civilians in each other's countries. Social media is global national security threat, and one that we're not even spending billions of dollars to protect against.
Growing up in West Virginia, we were at the forefront economically— the chemical and coal mining center of the world. However, due to an inability to adapt to changing market dynamics and transitions, our position plummeted to the bottom ranks among the US states... I firmly advocate the idea of reinventing oneself every 5 years.