What are the consequences if the people given control over our government have no idea how it works? "The election happened," remembers Elizabeth Sherwood-Randall, then deputy secretary of the Department of Energy. "And then there was radio silence." Across all departments, similar stories were playing out: Trump appointees were few and far between; those that did show up were shockingly uninformed about the functions of their new workplace. Some even threw away the briefing books that had been prepared for them. Michael Lewis’s brilliant narrative takes us into the engine rooms of a government under attack by its own leaders. In Agriculture the funding of vital programs like food stamps and school lunches is being slashed. The Commerce Department may not have enough staff to conduct the 2020 Census properly. Over at Energy, where international nuclear risk is managed, it’s not clear there will be enough inspectors to track and locate black market uranium before terrorists do. Willful ignorance plays a role in these looming disasters. If your ambition is to maximize short-term gains without regard to the long-term cost, you are better off not knowing those costs. If you want to preserve your personal immunity to the hard problems, it’s better never to really understand those problems. There is upside to ignorance, and downside to knowledge. Knowledge makes life messier. It makes it a bit more difficult for a person who wishes to shrink the world to a worldview. If there are dangerous fools in this book, there are also heroes, unsung, of course. They are the linchpins of the system—those public servants whose knowledge, dedication, and proactivity keep the machinery running. Michael Lewis finds them, and he asks them what keeps them up at night.
the fifth risk
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The Fifth Risk (2018) by Michael Lewis is a journalistic account of how broad swaths of the US government are being ignored or dismantled under Donald Trump’s administration. After shunning the conventions of a presidential transition, Trump and his tiny team assumed stewardship of the government without ever bothering to learn how it works… Purchase this in-depth summary to learn more.
The morning after Trump was elected president, the people who ran the US Department of Energy - an agency that deals with some of the most powerful risks facing humanity - waited to welcome the incoming administration's transition team. Nobody appeared. Across the US government, the same thing happened: nothing. People don't notice when stuff goes right. That is the stuff government does. It manages everything that underpins our lives from funding free school meals, to policing rogue nuclear activity, to predicting extreme weather events. It steps in where private investment fears to tread, innovates and creates knowledge, assesses extreme long-term risk. And now, government is under attack. By its own leaders. In The Fifth Risk, Michael Lewis reveals the combustible cocktail of wilful ignorance and venality that is fuelling the destruction of a country's fabric. All of this, Lewis shows, exposes America and the world to the biggest risk of all. It is what you never learned that might have saved you.
The assistance given to older people to help with the essential activities of their daily lives is one of the key policy responsibilities undergoing an expansion of public converage. Given the extended life-spans of populations across Europe, this pertinent issue is now increasingly in the loop of political reform in all countries, including the UK, Spain, Germany and Sweden. This book offers the most up-to-date analysis of the features and developments of long-term care in Europe. It focuses on countries that have been comparatively less studied, for example, Eastern Europe, Italy, France and Spain, and makes comparisons with reform practices in Germany, the UK, Netherlands and Sweden. Each chapter focuses on a key question in the policy debate in each country and offers a description and analysis of each system.
Warren Buffett, Carl Icahn, and George Soros all started with nothing---and made billion-dollar fortunes solely by investing. But their investment strategies are so widely divergent, what could they possibly have in common? As Mark Tier demonstrates in this insightful book, the secrets that made Buffet, Icahn, and Soros the world's three richest investors are the same mental habits and strategies they all practice religiously. However, these are mental habits and strategies that fly in the face of Wall Street's conventional mindset. For example: -Buffett, Icahn, and Soros do not diversify. When they buy, they buy as much as they can. -They're not focused on the profits they expect to make. Going in, they're not investing for the money at all. -They don't believe that big profits involve big risks. In fact, they're far more focused on not losing money than making it. -Wall Street research reports? They never read them. They're not interested in what other people think. Indeed, Buffett says he only reads analyst reports when he needs a laugh. In The Winning Investment Habits of Warren Buffett & George Soros you can discover how the mental habits that guided your last investment decision stack up against those of Buffett, Icahn, and Soros. Then learn exactly how you can apply the wealth-building secrets of the world's richest investors to transform your own investment results.
Outlines ways readers can prepare for and protect themselves before, during, and after a crash; discusses risks faced by today's investors; and identifies alternatives to stock investing.
HIV and Aids: Basic Elements and Priorities is a concise collection of all aspects of this disease and a source of readily available knowledge. It examines all currently advocated preventive measures such as health education, condom use, safer sex practices, and treatment of sexually transmitted infections. Coverage details strategies for prevention and control as well as the latest global information about HIV/AIDS.
|Book Title||: Is Systematic Default Risk Priced in Equity Returns A Cross Sectional Analysis Using Credit Derivatives Prices EPub|
|Author||: Mr. Jorge A. Chan-Lau|
|Publisher||: International Monetary Fund|
|Release Date||: 2006-06-01|
|Available Language||: English, Spanish, And French|
This paper finds that systematic default risk, or the event of widespread defaults in the corporate sector, is an important determinant of equity returns. Moreover, the market price of systematic default risk is one order of magnitude higher than the market price of other risk factors. In contrast to studies by Fama and French (1993, 1996 ) and Vassalou and Xing (2004), this paper uses a market-based measure of systematic default risk. The measure is constructed using price information from credit derivatives prices, namely the spreads of standardized single-tranche collateralized debt obligations on credit derivatives indices.
Teaching Deaf Learners: Psychological and Developmental Foundations explores how deaf students (children and adolescents) learn and the conditions that support their reaching their full cognitive potential -- or not. Beginning with an introduction to teaching and learning of both deaf and hearing students, Knoors and Marschark take an ecological approach to deaf education, emphasizing the need to take into account characteristics of learners and of the educational context. Building on the evidence base with respect to developmental and psychological factors in teaching and learning, they describe characteristics of deaf learners which indicate that teaching deaf learners is not, or should not, be the same as teaching hearing learners. In this volume, Knoors and Marschark explore factors that influence the teaching of deaf learners, including their language proficiencies, literacy and numeracy skills, cognitive abilities, and social-emotional factors. These issues are addressed in separate chapters, with a focus on the importance to all of them of communication and language. Separate chapters are devoted to the promise of multimedia enhanced education and the possible influences of contextual aspects of the classroom and the school on learning by deaf students. The book concludes by pointing out the importance of appropriate education of teachers of deaf learners, given the increasing diversity of those students and the contexts in which they are educated. It bridges the gap between research and practice in teaching and outlines ways to improve teacher education.
|Book Title||: Proceedings of the Fifth International Symposium on Human Aspects of Information Security Assurance HAISA 2011 London United Kingdom 7 8 July 2011|
|Release Date||: 2011|
|Available Language||: English, Spanish, And French|