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Paige Vickers

Good evening. Here is your news brief.

A wild day in Washington

...but agreed with him on a trade deal... Democrats are claiming victory after reaching an agreement with the White House on an update to the 25-year-old North American Free Trade Agreement—but the Senate will not take it up this year due to president Trump’s impending impeachment trial, The Hill reports.

McConnell: Senate will not take up new NAFTA deal this year

As of Tuesday, the World Trade Organization's appellate body no longer has enough members to function because the US is blocking new member appointments. So WTO dispute rulings will not be enforceable going forward. With the global trading system under this kind of pressure, regional deals like USMCA

As of Tuesday, the World Trade Organization's appellate body no longer has enough members to function because the US is blocking new member appointments. So WTO dispute rulings will not be enforceable going forward. With the global trading system under this kind of pressure, regional deals like USMCA (new NAFTA) will become an even more important part of trade policy.

...and even insurance companies got in on the act. US health insurers sued the government for denying their claims—apparently failing to see any irony—saying that they are owed $12 billion for losses in connection to Obamacare's "risk corridors."

Health insurers fighting claim denials made some seriously ironic arguments at the Supreme Court

I couldn't help chortling in court today when the attorney for a bunch of US health insurers complained that there was nothing more pernicious than an insurance program that won't pay what's promised. HA! Americans would have had a good laugh if cameras were allowed in the courtroom. But they are not

I couldn't help chortling in court today when the attorney for a bunch of US health insurers complained that there was nothing more pernicious than an insurance program that won't pay what's promised. HA! Americans would have had a good laugh if cameras were allowed in the courtroom. But they are not so few got a chance to see insurers fighting the US government for allegedly promised funds and experiencing what the insured feel when dealing with health institutions.

Journalists love a deadline

Netflix hits and misses

Global tech battles for Africa

Energize your meetings with a power playlist

Judgement day for the world's most valuable fintech

Looking for a new job?

How safe are volcano vacations?

Matters of debate

Private companies shouldn’t bankroll the public good. Corporations can use their funding power in public-private partnerships to influence policymakers’ priorities, mask their own bad behavior, or even cause additional harm.

Why private companies should stop giving money for good causes

I don't think a blanket ban on public private partnerships is the solution. More transparency is. But done right, public private partnerships can help fund critical work for the social good that otherwise won't be funded.

There's no question that there's an underlying risk of bias and foul play behind public-private partnerships, but we're also in an age of accountability where customers are clamoring for transparency.

That desire can help these partnerships get better and take on the bad actors. It's ambitious, but

There's no question that there's an underlying risk of bias and foul play behind public-private partnerships, but we're also in an age of accountability where customers are clamoring for transparency.

That desire can help these partnerships get better and take on the bad actors. It's ambitious, but necessary, especially since we can put money to the right work.

Not all companies are as duplicitous as some the pharma companies that fund research into their own products. Some companies go so far as to obscure their participation on good works that have no relationship with their business. Companies are no better or worse than the people that run them . Each case

Not all companies are as duplicitous as some the pharma companies that fund research into their own products. Some companies go so far as to obscure their participation on good works that have no relationship with their business. Companies are no better or worse than the people that run them . Each case needs to be evaluated on its own merits

What is the real purpose of companies? Only their behavior can tell us. Employee and consumer expectations have changed and it won’t be long before business leaders are forced to catch up.

What is the real purpose of companies? Only their behavior can tell us

It will be interesting to see how companies measure success now that the Business Roundtable has challenged them to think differently about purpose. From my perspective, those that follow purpose like a north star and make decisions that go beyond the bottom line, will be positioned to win.

The purpose of corporations is being increasingly challenged. It can't merely be for shareholder returns. The Business Roundtable dropped shareholder primacy in August as the debate intensifies. Perhaps we are indeed all becoming Japanese, for when I arrived there in the 1990s they told me that the shareholder

The purpose of corporations is being increasingly challenged. It can't merely be for shareholder returns. The Business Roundtable dropped shareholder primacy in August as the debate intensifies. Perhaps we are indeed all becoming Japanese, for when I arrived there in the 1990s they told me that the shareholder wasn't the most important stakeholder, to the shock of my investor friends. Maybe we are returning to old values.

Roger Martin has said that there is a real market, where goods and services are made and traded, and an expectations market which looks further out and makes bets on what things will look like in the future. In the world of sports, these 2 markets are separate. But in the business world business managers often overtly intervene in the expectations market. For example by doing share buy backs in order to push the stock price higher. In a world of shareholder primacy, US companies have been putting all the gains from recent corporate tax cuts into buybacks instead of investment or employee wages which was allegedly the policymakers goal for the cuts. Western society is starting to acknowledge that there are other stakeholders apart from shareholders (and the board of directors who have a vested interested in doing buybacks to push up short term share prices). In a world of changing employee and consumer tastes and demands - whilst the economy appears unfair to many - I would expect these debates to continue.

Arts, letters, and the future

Time to ride off into that sunset...for now.

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Resilience is the new happiness

Read more on Quartz

Contributions

  • There is a Hazel Markus study I love about choice, which shows that there is tremendous cultural and personal variance in what we view as a choice. Imagine identical forms but printed on different colored paper. When you grab one, are you making a choice?

    I can’t help but apply that to resilience. What

    There is a Hazel Markus study I love about choice, which shows that there is tremendous cultural and personal variance in what we view as a choice. Imagine identical forms but printed on different colored paper. When you grab one, are you making a choice?

    I can’t help but apply that to resilience. What seems to so often take the stage is conscious resilience: I embrace this obstacle as an obstacle and overcome it. But when I think about the people who are both resilient and happy, they are the unconsciously resilient, those who have overcome many obstacles mostly by not seeing them on the first place. If asked, they can certainly recognize they existed but they don’t dwell, they just do.

  • “Feeling good is all fine and good, but it’s fleeting. Learning to deal with difficulty, by contrast, improves your chances of feeling good again. That’s much more useful than clinging to an illusion.”

  • When resilient, happiness becomes something you bring with you. I’m going to throw in an honorable mention to Socrates teachings on self-awareness.

  • “We can’t always be happy. Pleasure is a relative state, contrasted by discomfort and pain. In between fleeting, pleasing moments are many challenging ones that make happiness a relief.”

    This statement alone resonates with me and the group of friends I regularly interact with. As people in our late

    “We can’t always be happy. Pleasure is a relative state, contrasted by discomfort and pain. In between fleeting, pleasing moments are many challenging ones that make happiness a relief.”

    This statement alone resonates with me and the group of friends I regularly interact with. As people in our late 20’s it’s difficult to not get held down by the weight of everyday stress. Failed relationships with lovers and friends, jobs that are not fulfilling or are “dead end”, and generally not feeling like you are on the right track in life are all stressors that are hard to get from under. Resilience is an over looked trait that I agree ties in with happiness. The workshops with children and adults that are mentioned seem like an excellent way to flex that muscle and I would happily join in.

  • Happiness is relative and often unrealistically idealistic. Self satisfaction and personal fulfillment are more within our control, rather than letting ourselves be dependent on how others can make us feel. Not just kids, but also adults need the emotional intelligence to be able to manage their own

    Happiness is relative and often unrealistically idealistic. Self satisfaction and personal fulfillment are more within our control, rather than letting ourselves be dependent on how others can make us feel. Not just kids, but also adults need the emotional intelligence to be able to manage their own emotions and develop the ability to handle situations that don't go as planned. I've got to admit that I haven't always been good at practicing self-care myself, especially at work. For me, expressing honest emotions in the workplace often doesn't feel safe, so I tend to let things get out of hand. At some point, getting stressed and feeling burnt-out for too long only leads a point of no return. Better to learn to nip it in the bud early enough to save yourself the longer term consequences, on career and income, of mismanaging feelings that could be handled otherwise, if you know how.

  • Interesting ideas but I have a hard time not judging the implementation in schools. Teaching mindfulness, yes. But taking it further than that feels like the pandering to kids that created what we all complain about with millennials. Does this create the opposite of resilience?

  • No mud, no lotus.

  • I find this very ironic after the “participation trophy” generation. But if we can change the education system to build resilience I imagine we can also adapt it to build better life skills, as well as an entrepreneurial mindset early on.

    “We can’t always be happy. Pleasure is a relative state, contrasted

    I find this very ironic after the “participation trophy” generation. But if we can change the education system to build resilience I imagine we can also adapt it to build better life skills, as well as an entrepreneurial mindset early on.

    “We can’t always be happy. Pleasure is a relative state, contrasted by discomfort and pain. In between fleeting, pleasing moments are many challenging ones that make happiness a relief. So, to be happy, you have to first learn how to be strong; to pick yourself up after a fall, detach from sadness when you don’t succeed, and find the will to persist instead of getting depressed when things go awry, which they often will.”

  • pruning=>harvest,>harvest=joy,joy=>wisdom