Seven Problems a Recovery Won’t Fix – Umair Haque – Harvard Business Review

It’s time to stop looking for “recovery” (as in ways to resurrect this drooling zombie of an industrial economy) and start seeding transformation (as in building a 21st century economy, that turns most or all of the toxic dynamics above upside down). It’s time to stop thinking about getting back to yesterday’s prosperity — and time to start thinking about how to get past it.

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UPDATE 2-China official says US could pursue weak dollar policy | Reuters

China should guard against risks from “excessive” holdings of U.S. assets as Washington could pursue a policy to weaken the dollar, a senior currency regulator said in comments published on a website that briefly pushed the dollar lower.

However, the comments by Guan Tao of the State Administration of Foreign Exchange were quickly removed from the website at his request.

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Paying for College and Grad School: How to Avoid Spending $100,000 (or more) on a Credential You Don’t Really Need

“You can’t put a price on a good education”… or can you?

If you ask your parents or mentors how to become successful, their answer will most likely include four interrelated invisible scripts:

“Get the best education you can.”

“Colleges provide the best education.”

“The best colleges are expensive.”

“More college is better.”

Like so many of the invisible scripts we grow up with, three of these assumptions aren’t necessarily true.

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Politicians Won’t Stay Bought | Peter Mehit

In a casual conversation someone quipped, “You know the real problem with politicians…they just won’t stay bought.” There was muted laughter. It’s too true to be funny.

Politician. The word has precise sound to it, as if your mayor had been called by God to run. As if people go into public service like it’s a ministry. For the good of all with pure, honorable intentions.  But the job is nothing like that. It’s a lot of arm twisting and ear bending by people all wanting you to do conflicting things. And in the end, nobody’s really happy with you. As Parker and Stone pointed out, the public sees you either as a ‘Giant Douche’ or a ‘Turd Sandwich’. Why would anyone want a such a shitty job?

Power.

Continue reading “Politicians Won’t Stay Bought | Peter Mehit”