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The Straw That Breaks the Camels Back Incremental change can cause a collapse that is difficult to reverse. What is particularly intriguing is the way that the lakes change. They exhibit what is known as hysteresis. That means you can “drip feed” them with fertiliser without causing much visible change until, suddenly, the whole [...] As is so often the case, however, the system became a prisoner of its own complexity. The original system of canals and reservoirs was tied, over time, to new spillways, plus a larger canal and related dam. These show signs of having seen significant stress, perhaps a reservoir going dry, all causing endless repairs to [...] Apparently our economy has been much slower than reported for years: Growth: Why the Stats Are Misleading – BusinessWeek. Auction technology has blossomed around the world, and called into existence a whole new industry, replete with firms, entrepreneurs, consultants, counter-consultants and even a few gunslingers. When the National Bureau of Economic Research’s Market Design Working Group held its first-ever meeting earlier this month, many of the stars were there, mostly economists, but a handful [...] Collapse dynamics: Phase transitions in complex social systems View more OpenOffice presentations from noahraford. In these days of bailouts and government intervention, there is much talk about how effectively the Government can run any business. To see what the future for GM and others may hold, it pays to take a look at how the US Postal Service is run. Most American citizens are blissfully unaware of the degree [...] It seems investors might overestimate the ability of their peers to make sound decisions, a very convincing explanation for several of our recent economic crises. In essence, I can should pay a lot for a mortgage backed security (or dot com stock, or bankrupt investment bank) because everybody else is (and everyone else should be [...] What’s next for US banks – The McKinsey Quarterly – What’s next for US banks – Financial Services – Banking. McKinsey analysis of what’s happened to banking so far and what’s in store for the future. The pain may not be over… Good Idea, Bad Execution. Good Idea, Better Execution. An Ad for a mortgage I found at a supermarket chain's checkout counter Ralphs is a supermarket chain out west, a cross between Publix & Whole Foods. I was waiting in the check out line, looked to my left, and saw the usual assortment of candies, mints, and… mortage applications? The area of the [...] |
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Copyright © 2012 Joel E Lewis - All Rights Reserved |
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