With Covid-19 Under Control, China’s Economy Surges Ahead Exports jumped and local governments engaged in a binge of debt-fueled construction projects. Even consumer spending is finally recovering.
Can Raphael Warnock Go From the Pulpit to the Senate? The pastor at the Ebenezer Baptist Church in Atlanta, where Martin Luther King Jr. once preached, is betting that Georgia is ready to send a religious progressive to Washington. ............ the South’s most prominent Black preacher ......... He castigated them for neglecting “the poorest of the poor” while providing for “the richest of the rich.” He accused them of distracting the country with bigotry and division. He took care to poke fun at himself when he got carried away by emotion. (“Y’all be careful,” he said. “It’s Sunday.”) And he called, as he so often has, for the expansion of the Affordable Care Act. “I’ve read the Gospels a few times, and Jesus spent a lot of time healing the sick,” he said. “Even those with pre-existing conditions.” ................. Dr. Warnock considers himself a disciple of the flesh-and-blood Dr. King, who was not only an avatar of nonviolence, but also a rabble-rousing champion of the poor. ........... the Savannah, Ga., housing project where he grew up with 11 brothers and sisters, and declares that children there today “have it harder now than I did back then. That’s got to change.” ............ his future vocation seemed so obvious in high school that his friends called him “Rev.” ........... Black liberation theology, a system Dr. Cone once described as “an interpretation of the Christian Gospel from the experience and perspectives and lives of people who are at the bottom in society — the lowest economic and racial groups.” ............... He supports abortion rights and gay marriage
Startups, It’s Time to Think Like Camels — Not Unicorns growth-at-all-costs methodology, which the Valley’s top players are exceptionally good at, only works in the strongest bull markets, in the most optimal conditions. ............ Camels are able to survive for long periods without sustenance, withstand the scorching desert heat, and adapt to extreme variations in climate. They survive and thrive in some of Earth’s harshest regions. ............... three strategies: they execute balanced growth, they take a long-term outlook, and they weave diversification into the business model. ............ Right-pricing from the start. .......... Cost management through the life cycle. ......... Changing the trajectory. ......... camels don’t avoid growth or venture capital funding, but their scaling trajectory and associated burn rates will be less extreme. ......... Survival is often the primary strategy. This allows time to build the business model, find a product that resonates with the market, and develop an operation that can scale. Competition will exist. But the race is about who will survive the longest, not about who goes to market first. ................... Quizlet just raised a $30 million Series C round, which valued the company at $1 billion in May of this year. The company did not take any funding until 2015, when it raised a Series A for just $12 million after 10 years in business. ............ As we prepare for the tough challenges ahead, the answers won’t be found within Silicon Valley’s insular bubble, but by learning from camels at the Frontier, who have had the solution all along.
To Foster Innovation, Cultivate a Culture of Intellectual Bravery Intellectual bravery is a willingness to disagree, dissent, or challenge the status quo in a setting of social risk in which you could be embarrassed, marginalized, or punished in some way. When intellectual bravery disappears, organizations develop patterns of willful blindness. Bureaucracy buries boldness. Efficiency crushes creativity. From there, the status quo calcifies and stagnation sets in. .............. Whether or not your company has a culture of intellectual bravery depends on your ability to establish a pattern of rewarded rather than punished vulnerability. ........... the team members didn’t seem worried about social risk and spoke up regardless of hierarchy and power with energy and enthusiasm. I watched a new team member push back on a senior leader’s suggestion. Another person asked a naive question. Another shared a mistake she had made and wanted to discuss. In short, the level of psychological safety in the room matched the level of personal exposure required to challenge the status quo. .................. the team’s ability to maintain creative abrasion and constructive dissent without collapsing into debilitating tension, personal attacks, or silence. ............ assign specific members of your team to challenge a course of action or find flaws in a proposed decision ........... connect things that aren’t normally connected. Of course, you must manage the process carefully and discern when constructive dissent is giving way to destructive derailment. .............. Speaking first when you hold positional power softly censors your team. ........... Encouraging psychological safety isn’t easy; it requires a high level of emotional intelligence and a highly controlled ego. Arguably, a leader’s most important job — perhaps above that of creating a vision and setting strategy — is to nourish a context in which people are given air cover in exchange for candor. That’s how you create a culture of intellectual bravery.
A Framework for Leaders Facing Difficult Decisions Many decision-making frameworks aim to help leaders use objective information to mitigate bias, operate under time pressure, or leverage data. But these frameworks tend to fall short when it comes to decisions based on subjective information sources that suggest conflicting courses of action. And most complex decisions fall into this category. ............
CDC study says tons of people catch COVID-19 in the one place that’s supposed to be safe 102 out of 191 people who came in contact with a sick person contracted COVID-19, with transmission likely occurring inside the home. ............ The novel coronavirus spreads with ease in indoor settings. ........... public health experts keep recommending the same measures that can reduce the risk of transmission, including face masks, social distancing, and frequent hand washing. ............. the most dangerous place for someone to be when it comes to coronavirus transmission is the home ......... People are unlikely to wear masks at home, and social distancing isn’t always possible. If one person in a household is infected, others are likely to get COVID-19 as well. One of the reasons that favor infection is the fact that a person can be contagious before the onset of symptoms, which might warn others that transmission is possible. ............... household COVID-19 transmission occurs rapidly, with secondary cases appearing even faster than expected. ......... COVID spreads very rapidly and very quickly inside a home.” .......... “Once it’s in your house, it’s very hard to keep from spreading, and you don’t know who in your home will be susceptible, and they’ll need to be hospitalized.” ............. young children and teenagers can infect other members of the family just like adults. .............. persons should self-isolate immediately at the onset of COVID-like symptoms, at the time of testing as a result of a high-risk exposure, or at the time of a positive test result, whichever comes first” ............. “Concurrent to isolation, all members of the household should wear a mask when in shared spaces in the household.” ......... researchers advise isolation inside the home whenever possible and avoiding contact with the outside world. ........... persons who suspect that they might have COVID-19 should isolate, stay at home, and use a separate bedroom and bathroom if feasible. Isolation should begin before seeking testing and before test results become available because delaying isolation until confirmation of infection could miss an opportunity to reduce transmission to others. .............. “If you or anyone in the family goes outside the bubble and does anything that’s risky — large groups, bars, not wearing your mask — they can come back into that bubble and put everyone in that bubble at risk”
As Washington delays stimulus, the Fed is running out of ways to help the economy In the four-month March-through-June period as the pandemic began, the Fed’s balance sheet grew 66% to $7.13 trillion.
Millions poised to lose unemployment benefits in ‘enormous cliff’ at year’s end
