Word: misunderstanding
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...deflation hawks still fundamentally misunderstand the nature of Japan's economic stall. Companies here make more than can be consumed, and the Japanese customer simply does not want what is on offer, however cheap it may be. What still is required is a national commitment to structural reform. Revising corporate-governance rules would be a good start. Right now, for example, bank managers need never fear for their jobs no matter how poorly they perform; that's because extensive cross-ownership between banks and affiliated companies minimizes publicly available shares, making corporate takeovers, especially by foreigners, exceedingly difficult. Shielded from...
...beauty of Leonardo's Mona Lisa or Cecilia Gallerani was the ugliness of his grotesqueries--an ugliness that disintegrates all possibility of desire and has something mockingly demonic, not just medical, about it. To see his grotesques as the mere play of a mind tinged with sadism is to misunderstand them. They are an essential part of the impulse that turned Leonardo toward an attachment to beauty as a kind of saving principle...
...think I think people at Harvard tend to misunderstand what diversity really means,” he says. “I would value class diversity a lot more.” Mitchell, who comes from a working-class background and lived in a diverse part of central Texas, says he hasn’t found many similar people here. Many students at Harvard come from privileged backgrounds, he says...
Many critics also point to the consent forms people sign when they join a clinical trial. Even when the risks are clearly spelled out--and they frequently aren't--patients tend to misunderstand what's actually going on. The truth is that less than 5% of subjects in Phase I trials, which measure the toxicity of a new drug, will receive any health benefit whatsoever. Yet when a 1995 University of Chicago study quizzed patients about why they enrolled in their Phase I cancer trials, fully 85% answered, "Possible therapeutic benefit...
...That doesn?t mean that the critics of the WEF have gone away, even if they have been less visible this year than many expected. But two things about their case against Davos continue to puzzle me. First, I think they misunderstand the nature of the businessmen and businesswomen who attend these conferences. By and large, those who come here (remember: many of them are European) do so at least partly because they are genuinely interested in non-business issues, and because they want to learn more about questions of corporate social responsibility and the like. One long-time...