Word: lateraled
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Ross then laid the carrots on thick, dispensing with the formal line that the U.S. doesn't talk to Iran. On the weekend of March 27, a U.S. diplomat discussed economic issues with his Iranian counterpart in Moscow. Days later, the U.S. special representative for Afghanistan and Pakistan, Richard Holbrooke, met with Deputy Foreign Minister Mohammed Mehdi Akhundzadeh at an international conference in the Hague. At a Friends of Pakistan meeting in Tokyo, one of Holbrooke's diplomats met with his Iranian counterpart. And in a secret back-channel outreach in April, State Department staffers working for Ross got clearance...
...pamphlet explaining why bonds--and certainly not stocks--were the best long-term investment. At the time, this was conventional wisdom on Wall Street. Bonds were for investment, stocks for speculation--and, in those pre-SEC days, for manipulation. But when he investigated the historical record, Smith recounted later, "supporting evidence for this thesis could not be found." Instead, he discovered that over every 20-year span he examined but one, stocks handily beat bonds...
...market continued to implode in 1930, '31 and '32, this theoretical underpinning at first seemed to have been demolished. The idea that stocks could be good investments became a joke and remained that--in the popular view, at least--for decades. Yet whenever anyone in later years re-examined the data on stocks' long-run performance--major scholarly studies on the topic were published in 1938, '53, '64 and '76--they reached the same conclusion Smith did. Even with the dire experience of the early 1930s factored in, stocks had proved an excellent long-run investment, with returns that...
...millennium later, this same dynamic - swings between zero-sum and non-zero-sum - would have a similar impact on Islamic monotheism, moving it back and forth between belligerence and tolerance...
...once the conquering was done, Muslim leaders found that trying to compel uniform belief in a multinational empire was a lose-lose game. Doctrines granting freedom of worship to Christians and Jews emerged promptly. And later, such freedom would also be granted to Buddhists and polytheists...