Word: roads
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Sage advice, that. But for how long will it be followed? "Risk gets forgotten in all bubbles," says Peter Bernstein, an investment adviser and the author of Against the Gods: The Remarkable Story of Risk. "We've been down this particular road before." Indeed, we have. After every other trauma--the 1987 stock-market crash, the savings-and-loan crisis, the meltdown of the Long-Term Capital Management hedge fund--boisterous, unchecked risk-taking eventually rushed back in. "In times like this, people do listen to risk managers," says John Hull, professor of derivatives and risk management at the University...
...know the challenges tomorrow will bring are the greatest of our lifetime. The road ahead will be long, our climb will be steep, we may not get there in one year or in one term,” Obama said, “but as an American I have never been more hopeful that we will get there...
While any headline from the Allston front might already seem hackneyed, new developments along the road to the construction of Harvard’s property across the Charles still provide reasons to turn your head. Throughout this long process, Harvard officials have been dealing with a balancing act of initiatives that would benefit either Harvard or Allston. Unfortunately, it often seems impossible to please both parties at the same time. That dichotomy changed with the recent plan released by the Allston Development Group late last month. Naturally, Allston residents are concerned about the potential for Harvard...
...past two years, Barack Obama's behind-closed-doors morning briefings have dealt with his battles against Hillary Clinton, John McCain and other political rivals on the road to the presidency. But starting Thursday morning, those morning meetings will concern two more intractable foes: America's enemies in Afghanistan and Iraq, along with whatever other intelligence droppings the nation's spies have gleaned overnight. The hour-long CIA briefings are an early-morning ritual for Presidents, and they will begin for Obama even before he has named the national-security team - the Secretaries of Defense and State, and the National...
...efforts to rebuild the Afghan army and the country's infrastructure have lagged because not enough resources have been devoted to them, he argued. That's because the Administration has relied too much on tanks, and not enough on steamrollers. More paved roads could be built more quickly if more Afghans were hired to build them. "It's quite true that Taliban use the roads as well, but it's harder to implant an IED on a paved road than it is on a gravel road," Danzig said. Such improvements also could convince Afghan farmers to plant their fields with...