How Richard Koo Got His Groove Back
It may be we are past the Lessons To Learn stage in this financial crisis, but some, like a few of those very smart people who maintain jobs in finance, claim the new guru for our time—with all due respect to Professor Roubini—is Richard Koo, Chief Economist for Nomura and a former economist for the Federal Reserve Bank of New York.
Koo's bio does not tell us much about his personal preferences but his book, The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession, has unique value now as we reflect on the fact that it took Japan ten years--their "lost decade"--or even, as Koo frames it in his introduction, fifteen years, to recover from their gruesome economic meltdown. Copies of the book have been passed like samizdat between private equity and hedge fund partners, and even a few Wall Streeters presented first editions as Valentines. Amazon's Look Inside option shows the book's Table of Contents, and one can understand why "Characteristics of Balance Sheet Recessions" was not such a sexy summer read. It sure is sexy now.
- The meaning of the word 'confidence' seems obvious. But it's not the same as self-esteem.
- Confidence isn't just a feeling on your inside. It comes from taking action in the world.
- Join Big Think Edge today and learn how to achieve more confidence when and where it really matters.
If you're lacking confidence and feel like you could benefit from an ego boost, try writing your life story.
In truth, so much of what happens to us in life is random – we are pawns at the mercy of Lady Luck. To take ownership of our experiences and exert a feeling of control over our future, we tell stories about ourselves that weave meaning and continuity into our personal identity.
The controversial herbicide is everywhere, apparently.
- U.S. PIRG tested 20 beers and wines, including organics, and found Roundup's active ingredient in almost all of them.
- A jury on August 2018 awarded a non-Hodgkin's lymphoma victim $289 million in Roundup damages.
- Bayer/Monsanto says Roundup is totally safe. Others disagree.
A space memorial company plans to launch the ashes of "Pikachu," a well-loved Tabby, into space.
- Steve Munt, Pikachu's owner, created a GoFundMe page to raise money for the mission.
- If all goes according to plan, Pikachu will be the second cat to enter space, the first being a French feline named Felicette.
- It might seem frivolous, but the cat-lovers commenting on Munt's GoFundMe page would likely disagree.
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