Word: learnedness
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Since Sept. 11, strange things have happened to Phil Godfrey. Hailed as a hero, he also lost his job when Benchmark started layoffs. He has visited ground zero three times, trying hard to weep, but he can't. People have said he did amazing things that he didn't do...
It was tempting to say that Sept. 11 changed all that, just as it is tempting to say that every hero needs a villain, and goodness needs evil as its grinding stone. But try looking a widow in the eye and talking about all the good that has come of...
We know better now, of course. But the bitter lesson we have learned from the anthrax mailings is that what the experts and government officials did not know--though they assured the public anyway--ended up costing the lives of two Postal Service employees who didn't have to die...
For a brief time in the 1990s, Americans had more equity in the stock market than they had in their homes. They have since learned that home values are far more stable and that their home remains a core investment.
Overbuilding, even of must-have products, can throw the economy into recession as surely as overbuilding of cars or offices. It all comes down to what the consumer will pay for. And in the Internet boom, "there was a false belief that businesses could continue to buy productivity-enhancing devices...