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.
How poor work practices turn us all into remote workers.
- Technology's supposed interconnectivity doesn't breed human interaction, and has instead made many workers feel less happy and less productive.
- Using email rather than walking over to someone's desk and having face-to-face time is a major culprit. Inter-office messaging apps can also make employees feel more distant from their co-workers.
- Can the tech companies who created this issue turn workplace isolation around, or is this the new normal?
They're at a higher risk for depression, weekend binge drinking, and unnecessary dieting.
- Body dysmorphia is not limited to women, a new study from Norway and Cambridge shows.
- Young men that focus on building muscle are at risk for a host of mental and physical health problems.
- Selfie culture is not helping the growing number of teens that are anxious and depressed.
Researchers discover a link between nonverbal synchronization and relationship success.
- Scientists say coordinating movements leads to increased intimacy and sexual desire in a couple.
- The improved rapport and empathy was also observed in people who didn't know each other.
- Non-verbal clues are very important in the development stages of a relationship.
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