Taking the Longview: A Conversation About the Future of the Economy Featuring Eric Schmidt, Larry Summers, Eddie Lampert and Others

With the global financial crisis ongoing, the concept of "short-termism" has emerged as one underlying explanation for our current woes. As the argument goes, the increasing emphasis on quarterly reports and returns can drive CEOs and investors to make decisions that are not necessarily in the best, long-term interests of companies or the economy as a whole. The question of short-termism was the subject of a lively panel at The Nantucket Project, a festival of ideas held on Nantucket, Massachusetts this month. The panel was stacked with financial heavyweights Eric Schmidt, Executive Chairman of Google, Larry Summers, Former Treasury Secretary and President of Harvard University, Hedge Fund Manager Eddie Lampert, venture capitalist Stephen DeBerry and Mellody Hobson, President of Ariel Investments. The panel was moderated by Tom Stewart, Chief Knowledge Officer at Booz and Company.

How does criticism affect popular culture?

Popularity is slippery, and shouldn't be confused with quality, says critic A.O. Scott.

Videos
  • Popularity has a funny way of correcting or reversing itself, says journalist and film critic A.O. Scott. It's a weird and fickle index—never identical to quality, though it can coincide with it.
  • Movies like Avatar that are capitalist consumer hits can fade over time. Meanwhile works that were initially passed over can be dredged out of forgotten corners to glory many years later.
  • Moby Dick is an example of how critics can turn the tide of popularity, for better and for worse. First, critics dismissed Moby Dick and it was forgotten until a resurgence of interest by critics many years later. It's now a staple of American literature.
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The Sooner You Expose A Baby To A Second Language, The Smarter They’ll Be

Just hearing two languages helps babies develop cognitive skills before they even speak. Here's how - and how you can help them develop those skills.

Personal Growth

A new study shows that babies raised in bilingual environments develop core cognitive skills like decision-making and problem-solving -- before they even speak.

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11 holiday gift ideas for the person impossible to shop for

From coffee makers and headphones to a calming weighted blanket, something here should appeal to just about anyone on your list.

Gear
  • Check out 11 awesome holiday gift ideas, each up 75% off.
  • Options include an ultrasonic cleaner, a portable video projector and a weighted blanket.
  • You can save an extra 15% off each item with the coupon code MERRYSAVE15.

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