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 [...]
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In the aftermath of the financial crisis, the focus has been on better accounting for risk, better matching employee pay with the long term value they generate, and creating new regulations to “fix” the markets. Arguably, better matching pay with value created is ideal, but it is also difficult to measure, which is why we [...] |
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Copyright © 2012 Joel E Lewis - All Rights Reserved |
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