Join 📚 Roger's Highlights
A batch of the best highlights from what roger's read, .
Veteran actors know that after an intense session of memorizing lines, it’s best to take a nap immediately. If you’re memorizing music, or anything else, the best thing you can do after a cram session is to go to sleep for at least 90 minutes before you do anything that interferes with the information you just stuffed into your noggin. If you take a nap immediately after your most intense practice session of the day, you’ll learn the most quickly. It’s no coincidence that researchers who study experts find that this is exactly what they do. Nap time isn’t just for kids.
The Practice of Practice
Jonathan Harnum
THE CONTRAST WITH OUR SUCCESSORS’ REGULATION OF BANKS REPORTING HIGH PROFITS Senior supervisors told the FCIC it was difficult to express their concerns forcefully when financial institutions were generating record-level profits. The Fed’s Roger Cole: “a lot of that pushback was given credence—Citigroup was earning $4 to $5 billion a quarter. And that is really hard for a supervisor to successfully challenge.” (FCIC 2010:307) The reality was that Citigroup was losing vast amounts of money on its fraudulent mortgage loans—but reporting profits through deceit. Richard Bowen Citi SVP, underwriting: “supervise[d] the purchase of roughly $50 billion annually in prime loan pools [for resale to Fannie & Freddie]. The [weak] sampling provided to Bowen’s staff for quality control . . . showed extremely high rates of noncompliance. [In 2006] we identified that 40 to 60 percent of the files either had a ‘disagree’ decision, or they were missing critical documents.” (FCIC 2010:168) In the S&L debacle, our standard operating procedure would have made Citi a top priority. In the mortgage fraud crisis, Citi became effectively immune because regulators feared it would be really hard to challenge a bank reporting high profits.
The Best Way to Rob a Bank Is to Own One
William K. Black
The Catholic Church is now expending huge amounts of effort and time changing words in the liturgy back to the “original Latin” (which Jesus never spoke and was actually the language of his oppressors), while the world is facing unparalleled disasters at every level. The sanctuary is the only world where the clergy still have a bit of control, it seems. So again the meticulous navigating of our small river surpasses ever diving into the Big River. It makes me wonder if Jesus' first definition of church as “two or three gathered in my name” is not still the best way to avoid these sorts of illusions (Matthew 18:20). So many people I know who are doing truly helpful and healing ministry find their primary support from a couple of enlightened friends—and only secondarily, if at all, from the larger organization. Larger institutions might well provide the skeleton, but the muscle, meat, and miracles invariably happen at the local level.
AARP Falling Upward
Richard Rohr
...catch up on these, and many more highlights
Readwise