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During the last two days 500 million dollars had been drained from the nation’s banking system. They were convinced that the New York bankers did not understand the enormity of the disaster and must be protected. Mills and Woodin agreed that Lehman must be persuaded to close the New York banks and that Horner must also declare a moratorium for Illinois. Horner proclaimed his holiday at 2 A.M.; Lehman’s decision came at 4:20 A.M. Hoover was told at 6 A.M. “We are at the end of our string,” he said. “There is nothing more we can do.” The financial heart of the country had stopped beating. Banking in every state was wholly or partly suspended. Flags flew in Wall Street honoring the inauguration, but the Stock Exchange was officially closed, and so, for the first time in eighty-five years, was the Chicago Board of Trade.
The Glory and the Dream
William Manchester
How to Become a Winner in the New Economy I just identified two groups that are poised to thrive and that I claim are accessible: those who can work creatively with intelligent machines and those who are stars in their field. What’s the secret to landing in these lucrative sectors of the widening digital divide? I argue that the following two core abilities are crucial. Two Core Abilities for Thriving in the New Economy 1. The ability to quickly master hard things. 2. The ability to produce at an elite level, in terms of both quality and speed.
These examples of effective production processes share the following properties: It’s easy to review who is working on what and how it’s going. Work can unfold without significant amounts of unscheduled communication. There’s a known procedure for updating work assignments as the process progresses.
A World Without Email
Cal Newport
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