Restructuring Quotes

True compassion is more than flinging a coin to a beggar; it comes to see that an edifice which produces beggars needs restructuring.

We can begin the restructuring of thought by declaring legitimate what we have denied for so long. Lets us declare Nature to be legitimate. The notion of illegal plants is obnoxious and ridiculous in the first place.

There are kinds of action, for good or ill, that lie so far outside the boundaries of normal behavior that they force us, in acknowledging that they have occurred, to restructure our own understanding of reality. We have to make room for them.

Supplying correct information and providing adequate tools to restructure the eroded parts in the minds of the people should be a primary condition for a well-oiled society. Fine-tuning the factuality and accuracy of issues is a paramount civic duty of each responsible individual. ("Labyrinth of the mind")

If we don’t counter the onslaught of the insidious triviality of transgression in our daily environment and if we gradually lose grip on the pervading taint of apathy and disrespect, we need irrevocably restructure our thinking and adjust the mechanism of our action. Taking everything for granted and accepting anything uncontested, might generate disjunction, arouse extreme heartbreak and, finally, turn our living into a scourge. ("Even if the world goes down, my mobile will save me" turn into )

Suddenly it was obvious to Connor why they don't teach it. Once education was restructured and corporatized, they didn't want kids knowing how close they came to toppling the government. They didn't want kids to know how much power they really had.

On the one hand we are called to play the good Samaritan on life's roadside; but that will be only an initial act. One day we must come to see that the whole Jericho road must be transformed so that men and women will not be constantly beaten and robbed as they make their journey on life's highway. True compassion is more than flinging a coin to a beggar; it is not haphazard and superficial. It comes to see that an edifice which produces beggars needs restructuring. "A Time to Break Silence," at Riverside Church

There are lots of superheroes with different superpowers, and some of them are big and flashy, like super strength and super speed, and molecular restructuring, and force fields. But these abilities are really not so different from the superpower stuff that old Jiko could do, like moving superslow, or reading people's minds, or appearing in doorways, or making people feel okay about themselves by just being there.

At a conference of sociologists in America in 1977, love was defined as "the cognitive-affective state characterized by intrusive and obsessive fantasizing concerning reciprocity of amorant feelings by the object of the amorance." That is jargon - the practice of never calling a spade a spade when you might instead call it a manual earth-restructuring implement - and it is one of the great curses of modern English.

The reassuring smile was now useless. I was plastic. Everything was veiled. Objectivity, facts, hard information--these were things only in the outline stage. There was nothing tying anything together yet, so the mind built up a defense, and the evidence was restructured, and that was what I tried to do on that morning--to restructure the evidence so it made sense--and that is what I failed at.

The slow cancellation of the future has been accompanied by a deflation of expectations. There can be few who believe that in the coming year a record as great as, say, the Stooges’ Funhouse or Sly Stone’s There’s A Riot Goin’ On will be released. Still less do we expect the kind of ruptures brought about by The Beatles or disco. The feeling of belatedness, of living after the gold rush, is as omnipresent as it is disavowed. Compare the fallow terrain of the current moment with the fecundity of previous periods and you will quickly be accused of ‘nostalgia’. But the reliance of current artists on styles that were established long ago suggests that the current moment is in the grip of a formal nostalgia, of which more shortly. It is not that nothing happened in the period when the slow cancellation of the future set in. On the contrary, those thirty years has been a time of massive, traumatic change. In the UK, the election of Margaret Thatcher had brought to an end the uneasy compromises of the so-called postwar social consensus. Thatcher’s neoliberal programme in politics was reinforced by a transnational restructuring of the capitalist economy. The shift into so-called Post-Fordism – with globalization, ubiquitous computerization and the casualisation of labour – resulted in a complete transformation in the way that work and leisure were organised. In the last ten to fifteen years, meanwhile, the internet and mobile telecommunications technology have altered the texture of everyday experience beyond all recognition. Yet, perhaps because of all this, there’s an increasing sense that culture has lost the ability to grasp and articulate the present. Or it could be that, in one very important sense, there is no present to grasp and articulate anymore.

Much of the difficulty in attempting to restructure American and other societies arises form this resistance by groups with vested interests in the status quo. Significant change might require those who are now high in the hierarchy to move downward many steps. This seems to them undesirable and its resisted.

Restructuring of federal income tax rates can have significant impacts on municipal bond assets.

The world’s consultants spend their time advising on restructuring, optimizing processes and inventories, finding every possible source of cost savings and cost synergies. At the same time, the greatest cost of all is ignored: the cost of assumptions. The cost of relying on assumptions is going through the roof.

God grant us the serenity to exercise our bounded rationality freely in the systems that are structured appropriately, the courage to restructure the systems that aren’t, and the wisdom to know the difference!

The corporate environment, with its downsizing, restructuring, mergers, and acquisitions, has actually become even more of a hothouse for psychopaths.

Organizational restructuring is something that should take place within a company fairly regularly. With our modern day economy being as dynamic as it is, and with change being as prevalent as it is, companies need to be adaptive and flexible - and that requires regular restructuring.

At Mayflower-Plymouth, we love helping businesses adapt to change. We all live and work in a dynamic and ever-changing economy. The businesses that are able to adapt, pivot and restructure are the businesses that are most positioned to thrive through the changes.

Then, in the 1980's, came the paroxysm of downsizing, and the very nature of the corporation was thrown into doubt. In what began almost as a fad and quickly matured into an unshakable habit, companies were 'restructuring,' 'reengineering,' and generally cutting as many jobs as possible, white collar as well as blue . . . The New York Times captured the new corporate order succintly in 1987, reporting that it 'eschews loyalty to workers, products, corporate structures, businesses, factories, communities, even the nation. All such allegiances are viewed as expendable under the new rules. With survival at stake, only market leadership, strong profits and a high stock price can be allowed to matter'.

A cultural change is less a matter of content than a restructuring of relationships between subordinate and dominant elements.

Restructuring is a favorite tactic of antisocials who have reached a senior position in an organization. The chaos that results is an ideal smokescreen for dysfunctional leadership. Failure at the top goes unnoticed, while the process of restructuring creates the illusion of a strong, creative hand on the helm.

It’s unimaginable that a major bank or even a social media outfit would hire outsiders for systems-level work. In the context of the US government, however, restructuring your intelligence agencies so that your most sensitive systems were being run by somebody who didn’t really work for you was what passed for innovation.

We all live and work in a dynamic and ever-changing economy. The businesses that are able to adapt, pivot and restructure as needed are the businesses that are most positioned to thrive through the changes.

A voice from the dark called out, "The poets must give us imagination of peace, to oust the intense, familiar imagination of disaster. Peace, not only the absence of war." But peace, like a poem, is not there ahead of itself, can't be imagined before it is made, can't be known except in the words of its making, grammar of justice, syntax of mutual aid. A feeling towards it, dimly sensing a rhythm, is all we have until we begin to utter its metaphors, learning them as we speak. A line of peace might appear if we restructured the sentence our lives are making, revoked its reaffirmation of profit and power, questioned our needs, allowed long pauses. . . . A cadence of peace might balance its weight on that different fulcrum; peace, a presence, an energy field more intense than war, might pulse then, stanza by stanza into the world, each act of living one of its words, each word a vibration of light--facets of the forming crystal.

Trying to restructure a perfectly structured script is like trying to fit in a size four jeans when you're a size ten.

The recipe for success in business is this: increase profits and forecasts by reducing expenses through labor elimination and restructure.

My larger point is that since each of us struggles daily with good and bad impulses, we might want to restructure our social institutions in order to make it a little easier to be good.

Dickens has not seen it all. The wretched of the earth do not decide to become extinct, they resolve, on the contrary, to multiply: life is their only weapon against life, life is all that they have. This is why the dispossessed and starving will never be convinced (though some may be coerced) by the population-control programs of the civilized. I have watched the dispossessed and starving laboring in the fields which others own, with their transistor radios at their ear, all day long: so they learn, for example, along with equally weighty matters, that the pope, one of the heads of the civilized world, forbids to the civilized that abortion which is being, literally, forced on them, the wretched. The civilized have created the wretched, quite coldly and deliberately, and do not intend to change the status quo; are responsible for their slaughter and enslavement; rain down bombs on defenseless children whenever and wherever they decide that their ‘vital interests’ are menaced, and think nothing of torturing a man to death: these people are not to be taken seriously when they speak of the ‘sanctity’ of human life, or the ‘conscience’ of the civilized world. There is a ‘sanctity’ involved with bringing a child into this world: it is better than bombing one out of it. Dreadful indeed it is to see a starving child, but the answer to that is not to prevent the child’s arrival but to restructure the world so that the child can live in it: so that the ‘vital interest’ of the world becomes nothing less than the life of the child. However—I could not have said any of this then, nor is so absurd a notion about to engulf the world now. But we were all starving children, after all, and none of our fathers, even at their most embittered and enraged, had ever suggested that we ‘die out.’ It was not we who were supposed to die out: this was, of all notions, the most forbidden, and we learned this from the cradle. Every trial, every beating, every drop of blood, every tear, were meant to be used by us for a day that was coming—for a day that was certainly coming, absolutely certainly, certainly coming: not for us, perhaps, but for our children. The children of the despised and rejected are menaced from the moment they stir in the womb, and are therefore sacred in a way that the children of the saved are not. And the children know it, which is how they manage to raise their children, and why they will not be persuaded—by their children’s murderers, after all—to cease having children.

Softwares are becoming the new cargo ships and freight trucks. Digital files are becoming the new core commodities. The formers won't eliminate the latters, but a restructuring is happening.

Loan restructuring may be explored as a collaborative solution between commercial bankers and businesses facing financial challenges. In the event of crises, it may be the best option for everyone.

Charity? No. I want lasting change. Remember the trouble of raising wages to a living wage as a single entrepreneur? I want a restructuring of government expenditure. A systemic redistribution of wealth—that is what I want.

PIC abolition is a vision of a restructured society in a world where we have everything we need: food, shelter, education, health, art, beauty, clean water, and more things that are foundational to our personal and community safety.

[W]omen were those most likely to be victimized because they were the most 'disempowered' by these changes, especially older women, who often rebelled against their impoverishment and social exclusion and who consituted the bulk of the accused. In other words, women were charged with witchcraft because the restructuring of rural Europe at the dawn of capitalism destroyed their means of livelihood and the basis of their social poer, leaving them with no resort but dependence on the charity of the better-off at a time when communal bonds were disintegrating and a new morality was taking hold that criminalized begging and looked down upon charity, the reputed path to eternal salvation in the medieval world.

when fertility rates began collapsing in the late 1960s, another demographic transition was occurring, the result of a fundamental restructuring: People no longer put children at the center of their lives. Instead, they put themselves there.

Because science carries us toward an understanding of how the world is, rather than how we would wish it to be, its findings may not in all cases be immediately comprehensible or satisfying. It may take a little work to restructure our mindsets. Some of science is very simple. When it gets complicated, that’s usually because the world is complicated—or because we’re complicated.

On the way to abolition, we can take a number of intermediate steps to shrink the police force and to restructure our relationships with each other. These include: 1)​Organizing for dramatic decreases of police budgets and redirecting those funds to other social goods (defunding the police). 2)​Ending cash bail. 3)​Overturning police bills of rights. 4)​Abolishing police unions.

In early 2002, as part of a new personal ritual, he took time after the holidays to think and read. (In this respect, Microsoft’s Bill Gates, who also took such annual think weeks, served as a positive example.) Returning to the company after a few weeks, Bezos presented his next big idea to the S Team in the basement of his Medina, Washington, home. The entire company, he said, would restructure itself around what he called “two-pizza teams.” Employees would be organized into autonomous groups of fewer than ten people—small enough that, when working late, the team members could be fed with two pizza pies. These teams would be independently set loose on Amazon’s biggest problems.

Something out of the ordinary course of business is taking place that creates an investment opportunity. The list of corporate events that can result in big profits for you runs the gamut—spinoffs, mergers, restructurings, rights offerings, bankruptcies, liquidations, asset sales, distributions.

Connections change too. Who's the capitalist, who's the proletarian. Who's on the right, who's on the left. The information revolution, stock options, floating assets, occupational restructuring, multinational corporations--what's good, what's bad. Boundaries between things are disappearing all the time.

Work and life become inseparable. Capital follows you when you dream. Time ceases to be linear, becomes chaotic, broken down into punctiform divisions. As production and distribution are restructured, so are nervous systems. To function effectively as a component of just-in-time production you must develop a capacity to respond to unforeseen events, you must learn to live in conditions of total instability, or ‘precarity’, as the ugly neologism has it. Periods of work alternate with periods of unemployment. Typically, you find yourself employed in a series of short-term jobs, unable to plan for the future.

We think of modern Europe as a region of culture, democracy, and peace. As having escaped history. But that escape is largely due to the Americans’ restructuring of all things European. What lies under the historical veneer of calm is the most war-torn and strategically unstable patch of land on the planet.

Money cannot save you from tragedy, or give you control in a chaotic world. Only God can do that. What breaks the power of money over us is not just redoubled effort to follow the example of Christ. Rather, it is deepening your understanding of the salvation of Christ, what you have in him, and then living out the changes that that understanding makes in your heart—the seat of your mind, will, and emotions. Faith in the gospel restructures our motivations, our self-understanding and identity, our view of the world. Behavioral compliance to rules without a complete change of heart will be superficial and fleeting.

Often the reason you can’t see the solution is because you’re too close to the problem. Zoom out a little, zoom out a LOT and look at the big picture. This is a phenomenon similar to what psychologists call “cognitive restructuring”—shifting the way in which your problems are presenting themselves in your life.

New Testament teaching does not focus on reforming and restructuring human systems, which are never the root cause of human problems. The issue is always the heart of man—which when wicked will corrupt the best of systems and when righteous will improve the worst. If men’s sinful hearts are not changed, they will find ways to oppress others regardless of whether or not there is actual slavery. On the other hand, Spirit-filled believers will have just and harmonious relationships with each other, no matter what system they live under. Man’s basic problems and needs are not political, social, or economic but spiritual. …

From the time I arrived on the Cape, one of the things I chose explicitly was to put my writing first. Everything else in my life waxed and waned, but writing, I discovered during my restructuring, was my real core. Not any relationship. Not any love. Not any person. I had become more selfish and less accessible. I ceased to be the universal mommy of the tribe. I wanted to see people when I was done with my writing for the day, and not in the middle of my work time.

having empathy is not dependent upon understanding the social, political and historical circumstances that made that empathy necessary in the first place. And yet we continue to expect empathy alone to create change, as though empathy would rethink our priorities, rewrite our laws and restructure our society for us.

America needs to reconcile with itself and do the work of apology: To say to indigenous, black, and brown people, we take full ownership for what we did. To say, we owe you everything. To say, we see how harm runs through generations. To say, we own this legacy and will not harm you again. To promise the non-repetition of harm would require nothing less than transitioning the nation as a whole. It would mean retiring the old narrative about who we are—a city on a hill—and embracing a new narrative of an America longing to be born, a nation whose promise lies in the future, a nation we can only realize by doing the labor: reckoning with the past, reconciling with ourselves, restructuring our institutions, and letting those who have been most harmed be the ones to lead us through the transition.

The War on Men Through the Degradation of Woman” - "How is man to recognize his full self, his full power through the eye’s of an incomplete woman? The woman who has been stripped of Goddess recognition and diminished to a big ass and full breast for physical comfort only. The woman who has been silenced so she may forget her spiritual essence because her words stir too much thought outside of the pleasure space. The woman who has been diminished to covering all that rots inside of her with weaves and red bottom shoes. I am sure the men, who restructured our societies from cultures that honored woman, had no idea of the outcome. They had no idea that eventually, even men would render themselves empty and longing for meaning, depth and connection. There is a deep sadness when I witness a man that can’t recognize the emptiness he feels when he objectifies himself as a bank and truly believes he can buy love with things and status. It is painful to witness the betrayal when a woman takes him up on that offer. He doesn’t recognize that the [creation] of a half woman has contributed to his repressed anger and frustration of feeling he is not enough. He then may love no woman or keep many half women as his prize. He doesn’t recognize that it’s his submersion in the imbalanced warrior culture, where violence is the means of getting respect and power, as the reason he can break the face of the woman who bore him 4 four children. When woman is lost, so is man. The truth is, woman is the window to a man’s heart and a man’s heart is the gateway to his soul. Power and control will NEVER out weigh love. May we all find our way.

They'll never let you do it!" I pulled myself up straight and faced him squarely, the way I did when uttering the store pledge in the morning ritual, and I said, "No. It's not a matter of whether they permit it or not. It's what I am. For the human me, it probably is convenient to have you around, Shiraha, to keep my family and friends off my back. But the animal me, the convenience store worker, has absolutely no use for you whatsoever." I was wasting time talking like this. I had to get myself back in shape for the sake of the store. I had to restructure my body so it would be able to move more swiftly and precisely to replenish the refrigerated drinks or clean the floor, to more perfectly comply with the store's demands. "That's grotesque. You're not human!" he spat. That's what I've been trying to tell you! I thought.

Images are mediations between the world and human beings. Human beings 'ex-ist', i.e. the world is not immediately accessible to them and therefore images are needed to make it comprehensible. However, as soon as this happens, images come between the world and human beings. They are supposed to be maps but they turn into screens: Instead of representing the world, they obscure it until human beings' lives finally become a function of the images they create. Human beings cease to decode the images and instead project them, still encoded, into the world 'out there', which meanwhile itself becomes like an image - a context of scenes, of states of things. This reversal of the function of the image can be called 'idolatry'; we can observe the process at work in the present day: The technical images currently all around us are in the process of magically restructuring our 'reality' and turning it into a 'global image scenario'. Essentially this is a question of 'amnesia'. Human beings forget they created the images in order to orientate themselves in the world. Since they are no longer able to decode them, their lives become a function of their own images: Imagination has turned into hallucination.

You need to know where you are, so you can start to chart your course. You need to know who you are, so that you understand your armament and bolster yourself in respect to your limitations. You need to know where you are going, so that you can limit the extent of chaos in your life, restructure order, and bring the divine force of Hope to bear on the world. (…) You must discipline yourself carefully. You must keep the promises you make to yourself, and reward yourself, so that you can trust and motivate yourself.

Defeat does not mean losing. Rather, a pause, a moment to re-think, re-plan, to re-structure to gain

Can accelerating technology disrupt our entire system to the point where a fundamental restructuring may be required if prosperity is to continue?

maybe waiting. No matter how both of them had changed, evolved, restructured their lives, at the base they remained who they were.

Everything Ronan had ever said about Adam restructured itself in Gansey's mind. What a strange constellation they all were.

we understood the consequences of any given action, we could exercise discretion, thus restructuring our fate.

Thought challenging, also referred to as cognitive restructuring, is a process by which a person challenges the negative patterns of thinking that leads to anxiety.

What is humor, de Bono asks, but the sudden restructuring of existing patterns? If

All except the Hooloovoo were resplendent in their multicolored ceremonial lab coats; the Hooloovoo had been temporarily refracted into a free-standing prism for the occasion. There was a mood of immense excitement thrilling through all of them. Together and between them they had gone to and beyond the furthest limits of physical laws, restructured the fundamental fabric of matter, strained, twisted and broken the laws of possibility and impossibility, but still the greatest excitement of all seemed to be to meet a man with an orange sash round his neck.

Hunger, poverty, environmental degradation, economic instability, unemployment, chronic disease, drug addiction, and war, for example, persist in spite of the analytical ability and technical brilliance that have been directed toward eradicating them. No one deliberately creates those problems, no one wants them to persist, but they persist nonetheless. That is because they are intrinsically systems problems—undesirable behaviors characteristic of the system structures that produce them. They will yield only as we reclaim our intuition, stop casting blame, see the system as the source of its own problems, and find the courage and wisdom to restructure it.

We could go up to the top of the hill, and restructure our entrance, do away with the contradiction of being nowhere but here, the assumed proportion of a presence that will always escape, of being nowhere but near the presumed indifference that solicits our wakefulness. Day begins its indiscreet translation once again, flowing through the pearl white of loss, or the indelible deep blue of fractured words. Remove emptiness. Replace nothing.

True compassion is more than flinging a coin to a beggar; it understands that an edifice which produces beggars needs restructuring. A true revolution of values will soon look uneasily on the glaring contrast of poverty and wealth.

Women who see a therapist who is also a woman is destined to be unhappy and will have endless jargon that can easily be warped and restructured to keep them walking circles in the desert thinking they've crossed the horizon every session.

The worst period I ever went through at work,” a friend confides, “was when the company was restructuring and people were being ‘disappeared’ daily, followed by lying memos that they were leaving ‘for personal reasons.’ No one could focus while that fear was in the air. No real work got done.” Small wonder. The greater the anxiety we feel, the more impaired is the brain’s cognitive efficiency. In this zone of mental misery, distracting thoughts hijack our attention and squeeze our cognitive resources. Because high anxiety shrinks the space available to our attention, it undermines our very capacity to take in new information, let alone generate fresh ideas. Near-panic is the enemy of learning and creativity.

As writer and media strategist Ryan Holiday has noted, epiphanies are not life-altering.9 It’s not radical moments of action that give us long-lasting, permeating change—it’s the restructuring of our habits. The idea is what science philosopher Thomas Kuhn dubbed a “paradigm shift.” Kuhn suggested we don’t change our lives in flashes of brilliance, but through a slow process in which assumptions unravel and require new explanations. It’s in these periods of flux that microshifts happen and breakthrough-level change begins to take shape.

That a drug can restructure the world into something like an objective reality is a claim with as little validity as the objective reality itself. I think what I said at the time was that I had no more reason to place my confidence in a drugged state of mind than in a sober one.

By speaking of ourselves in a positive and affirmative fashion and finding ways to eradicate self-hate, by speaking kindly about ourselves and those around us, we can foster a sense of love and compassion powerful enough to restructure our society’s entire perspective of “body love.

Of course, everyone knew that Heaven was incomparably superior, but to Neil it had always seemed too remote to consider, like wealth or fame or glamour. For people like him, Hell was where you went when you died, and he saw no point in restructuring his life in hopes of avoiding that.

explosion n. energetic disassembly fake beef n. 1. restructured beef 2. textured meat alternative fake cheese n. cheese analog fake crab meat n. surimi-based crab analog fake diamonds n. real counterfeit diamonds fake jewels n. faux jewels fake leather n. genuine imitation leather

All of us, from children to scientists, have difficulty accepting data that go against our firmly held beliefs. We have to restructure too much of our intellectual framework to assimilate such surprises. It is far less costly, at least for a time, to keep the framework and deny the fact.

A true revolution of values will soon cause us to question the fairness and justice of many of our past and present policies. On the one hand we are called to play the good Samaritan on life’s roadside; but that will be only an initial act. One day we must come to see that the whole Jericho road must be transformed so that men and women will not be constantly beaten and robbed as they make their journey on life’s highway. True compassion is more than flinging a coin to a beggar; it is not haphazard and superficial. It comes to see that an edifice which produces beggars needs restructuring. A true revolution of values will soon look uneasily on the glaring contrast of poverty and wealth. With righteous indignation, it will look across the seas and see individual capitalists of the West investing huge sums of money in Asia, Africa and South America, only to take the profits out with no concern for the social betterment of the countries, and say: “This is not just.” It will look at our alliance with the landed gentry of Latin America and say: “This is not just.” The Western arrogance of feeling that it has everything to teach others and nothing to learn from them is not just. A true revolution of values will lay hands on the world order and say of war: “This way of settling differences is not just.” This business of burning human beings with napalm, of filling our nation’s homes with orphans and widows, of injecting poisonous drugs of hate into veins of people normally humane, of sending men home from dark and bloody battlefields physically handicapped and psychologically deranged, cannot be reconciled with wisdom, justice and love. A nation that continues year after year to spend more money on military defense than on programs of social uplift is approaching spiritual death.

It never occurred to me that any of these pleasures were a reward for being a pretty good kid, any more than I needed to restructure my life just to avoid an eternity of being spit-roasted on a subterranean barbecue. If this sounds flip, smug, or disrespectful, it's not meant to be. Obviously, there is great wisdom, beauty, and relevance in millennia worth of collected theological teaching from around the world. The question I'm grappling with is: why didn't these big themes and major stick-and-carrot extremes resonate with me? I just never bought into the concept. Maybe I'm part of a small minority, but I don't think so.

Even more important, the twin revolutions in infotech and biotech could restructure not just economies and societies but our very bodies and minds. In the past, we humans learned to control the world outside us, but we had very little control over the world inside us. We knew how to build a dam and stop a river from flowing, but we did not know how to stop the body from aging. We knew how to design an irrigation system, but we had no idea how to design a brain. If a mosquito buzzed in our ear and disturbed our sleep, we knew how to kill the mosquito, but if a thought buzzed in our mind and kept us awake at night, most of us did not know how to kill the thought.

Vice President Gore, Richard Clarke, and Madeleine Albright were “strong support[ers]” of the program, joining in President Clinton’s “intense” interest in it.5 Egypt’s most famous terrorist, Talaat Fouad Qassem, was “seized in Croatia, flown to the USS Adriatic, a navy warship, interrogated, then flown to Egypt for [torture and] execution.”6 Egypt’s secret police, the Gihaz al-Mukhabarat al-Amma, is widely known for its brutal torture regime, “real Macho interrogation . . . enhanced interrogation techniques on steroids” and was used by both Presidents Bush and Clinton.7 Congress attempted to end this program in 1998. The Foreign Affairs Reform and Restructuring Act slipped in a passage making it the policy of the United States not to “expel, extradite, or otherwise effect the involuntary return of any person to a country in which there are substantial grounds for believing the person would be in danger of being subjected to torture, regardless of whether the person is physically present in the United States.”8 Clinton vetoed the bill in late October,

...may the day never come when patients are referred to or thought of as customers. The word patient means a sufferer and when someone comes to the doctor they are coming not because they want to buy something but because they want help. Structure and restructure the Health Service how you will doctors are not shopkeepers, patients are not customers and medicine is not a product.

The interchange between the academic and the more or less imaginative meanings of Orientalism is a constant one and since the late eighteenth century there has been a considerable, quite disciplined--perhaps even regulated--traffic between the two. Here I come to the third meaning of Orientalism, which is something more historically and materially defined than either of the other two. Taking the late eighteenth century as a very roughly defined starting point Orientalism can be discussed and analyzed a the corporate institution for dealing with the Orient--dealing with it by making statements about it, authorizing views of it, describing it, by teaching it, settling it, ruling over it: in short, Orientalism as Western style for dominating, restructuring, and having authority over the Orient.

well-functioning market requires all three types of investors for socially beneficial projects to have access to cheap capital. Value investors allocate capital to its most productive use. Speculators, because they trade frequently, provide the liquidity and trading volume that allows value investors and relative value traders to execute their trades cheaply. They also ensure that information is disseminated quickly.

I’m done being polite about this bullshit. My list of professional insecurities entirely stems from being a young woman. Big plot twist there! As much as I like to execute equality instead of discussing the blaring inequality, the latter is still necessary. Everything, everywhere, is still necessary. The more women who take on leadership positions, the more representation of women in power will affect and shift the deep-rooted misogyny of our culture—perhaps erasing a lot of these inherent and inward concerns. But whether a woman is a boss or not isn’t even what I’m talking about—I’m talking about when she is, because even when she manages to climb up to the top, there’s much more to do, much more to change. When a woman is in charge, there are still unspoken ideas, presumptions, and judgments being thrown up into the invisible, terribly lit air in any office or workplace. And I’m a white woman in a leadership position—I can only speak from my point of view. The challenges that women of color face in the workforce are even greater, the hurdles even higher, the pay gap even wider. The ingrained, unconscious bias is even stronger against them. It’s overwhelming to think about the amount of restructuring and realigning we have to do, mentally and physically, to create equality, but it starts with acknowledging the difference, the problem, over and over.

Unfortunately, predictions of this sort are notoriously unreliable, and economists seem to be especially bad at predicting turning points. Karl Marx once noted that when the train of history hits a curve, intellectuals tend to fall off the train. Intellectual inertia keeps them moving in the same direction, even though the train is no longer going there. Earlier predictions, Marx suggests, are pretty useless in a debate about whether we are at a turning point.

Unlike European empires, ours was supposed to entail a concert of equal, sovereign democratic American republics, with shared interests and values, led but not dominated by the United States—a conception of empire that remains Washington’s guiding vision. The same direction of influence is evident in any number of examples. The United States’s engagement with the developing world after World War II, for instance, is often viewed as an extension of its postwar policies in Europe and Japan, yet that view has it exactly backwards. Washington’s first attempts, in fact, to restructure another country’s economy took place in the developing world—in Mexico in the years after the American Civil War and in Cuba following the Spanish-American War. “We should do for Europe on a large scale,” remarked the U.S. ambassador to England in 1914, “essentially what we did for Cuba on a small scale and thereby usher in a new era of human history.

If Clinton gets impeached,” I said, “it will be for all the wrong reasons. The perversion diversion will have worked! That’s not tolerable! People need to realize truth or the same people will stay in control.” “Even if people did learn,” Mark said, gathering up tools to work on a motorcycle project, “they’ve got to restructure the voting system before they could get their own choice in office. Everybody already knows the majority didn’t vote Clinton into this second term.

We must adjust our emotive outlook before drowning in bitterness and choking on despair. We must periodically weed out pangs of disenchantment and scour disillusionment from our hearts in order to console and replenish the depleted resolve of our spirit. Finding ourselves crippled by physical injury, weakened by illness, or left stranded in a vulnerable emotional condition brought on by grief, disappointment, and other physiological or psychological crisis, we must each examine our values and update our mythological mental maps in order to generate a source of stirred concentrate steeling a rejuvenated march onward. Perhaps our sources of revitalizing energy will stem from gaining a new perspective on ancient challenges, by establishing new hopes and dreams, or by delving a lofty purpose behind our efforts. Alternatively, perhaps we only develop the resolve to resume our scrupulous assault on the important issues of life by orchestrating a fundamental transformation of the self, a complete restructuring of our values and goals.

Research shows that practices like yoga and meditation that help us to focus our attention on the present moment, are especially powerful in restructuring the brain. When new neural pathways are forged, we are able to break free of our default patterns and live more actively in a conscious state. In fact, functional MRI (fMRI) brain scans confirm this,23 showing tangible evidence that consistent consciousness practices actually thicken the prefrontal lobes, the area where our conscious awareness actually lives. Other forms of compassion-based meditation (or just closing your eyes and thinking about someone you love) help strengthen an area called the limbic system, which is the emotional center of the brain. All of this work helps to rewire our brain, disrupt our default thought patterns, and wake us up out of our subconscious-driven autopilot. From this foundation of consciousness we can then begin to witness the conditioned patterns in our thoughts, beliefs, and relationships. This honest self awareness shows us our pathway towards change and ultimately healing.

Competition is the spice of sports; but if you make spice the whole meal you'll be sick. The simplest single-celled organism oscillates to a number of different frequencies, at the atomic, molecular, sub-cellular, and cellular levels. Microscopic movies of these organisms are striking for the ceaseless, rhythmic pulsation that is revealed. In an organism as complex as a human being, the frequencies of oscillation and the interactions between those frequencies are multitudinous. -George Leonard Learning any new skill involves relatively brief spurts of progress, each of which is followed by a slight decline to a plateau somewhat higher in most cases than that which preceded it…the upward spurts vary; the plateaus have their own dips and rises along the way…To take the master’s journey, you have to practice diligently, striving to hone your skills, to attain new levels of competence. But while doing so–and this is the inexorable–fact of the journey–you also have to be willing to spend most of your time on a plateau, to keep practicing even when you seem to be getting nowhere. (Mastery, p. 14-15). Backsliding is a universal experience. Every one of us resists significant change, no matter whether it’s for the worse or for the better. Our body, brain and behavior have a built-in tendency to stay the same within rather narrow limits, and to snap back when changed…Be aware of the way homeostasis works…Expect resistance and backlash. Realize that when the alarm bells start ringing, it doesn’t necessarily mean you’re sick or crazy or lazy or that you’ve made a bad decision in embarking on the journey of mastery. In fact, you might take these signals as an indication that your life is definitely changing–just what you’ve wanted….Be willing to negotiate with your resistance to change. Our preoccupation with goals, results, and the quick fix has separated us from our own experiences…there are all of those chores that most of us can’t avoid: cleaning, straightening, raking leaves, shopping for groceries, driving the children to various activities, preparing food, washing dishes, washing the car, commuting, performing the routine, repetitive aspects of our jobs….Take driving, for instance. Say you need to drive ten miles to visit a friend. You might consider the trip itself as in-between-time, something to get over with. Or you could take it as an opportunity for the practice of mastery. In that case, you would approach your car in a state of full awareness…Take a moment to walk around the car and check its external condition, especially that of the tires…Open the door and get in the driver’s seat, performing the next series of actions as a ritual: fastening the seatbelt, adjusting the seat and the rearview mirror…As you begin moving, make a silent affirmation that you’ll take responsibility for the space all around your vehicle at all times…We tend to downgrade driving as a skill simply because it’s so common. Actually maneuvering a car through varying conditions of weather, traffic, and road surface calls for an extremely high level of perception, concentration, coordination, and judgement…Driving can be high art…Ultimately, nothing in this life is “commonplace,” nothing is “in between.” The threads that join your every act, your every thought, are infinite. All paths of mastery eventually merge. [Each person has a] vantage point that offers a truth of its own. We are the architects of creation and all things are connected through us. The Universe is continually at its work of restructuring itself at a higher, more complex, more elegant level . . . The intention of the universe is evolution. We exist as a locus of waves that spreads its influence to the ends of space and time. The whole of a thing is contained in each of its parts. We are completely, firmly, absolutely connected with all of existence. We are indeed in relationship to all that is.

It is possible - given absolute control over the media and the police - to rewrite the memories of hundreds of millions of people, if you have a generation to accomplish it in. Almost always, this is done to improve the hold that the powerful have on power, or to serve the narcissism or megalomania or paranoia of national leaders. It throws a monkey wrench into the error-correcting machinery. It works to erase public memory of profound political mistakes, and thus to guarantee their eventual repetition. In our time, with total fabrication of realistic stills, motion pictures, and videotapes technologically within reach, with television in every home, and with critical thinking in decline, restructuring societal memories even without much attention from the secret police seems possible. What I’m imagining here is not that each of us has a budget of memories implanted in special therapeutic sessions by state-appointed psychiatrists, but rather that small numbers of people will have so much control over news stories, history books, and deeply affecting images as to work major changes in collective attitudes.

Forcing new loans upon the bankrupt on condition that they shrink their income is nothing short of cruel and unusual punishment. Greece was never bailed out. With their ‘rescue’ loan and their troika of bailiffs enthusiastically slashing incomes, the EU and IMF effectively condemned Greece to a modern version of the Dickensian debtors’ prison and then threw away the key. Debtors’ prisons were ultimately abandoned because, despite their cruelty, they neither deterred the accumulation of new bad debts nor helped creditors get their money back. For capitalism to advance in the nineteenth century, the absurd notion that all debts are sacred had to be ditched and replaced with the notion of limited liability. After all, if all debts are guaranteed, why should lenders lend responsibly? And why should some debts carry a higher interest rate than other debts, reflecting the higher risk of going bad? Bankruptcy and debt write-downs became for capitalism what hell had always been for Christian dogma – unpleasant yet essential – but curiously bankruptcy-denial was revived in the twenty-first century to deal with the Greek state’s insolvency. Why? Did the EU and the IMF not realize what they were doing? They knew exactly what they were doing. Despite their meticulous propaganda, in which they insisted that they were trying to save Greece, to grant the Greek people a second chance, to help reform Greece’s chronically crooked state and so on, the world’s most powerful institutions and governments were under no illusions. […] Banks restructure the debt of stressed corporations every day, not out of philanthropy but out of enlightened self-interest. But the problem was that, now that we had accepted the EU–IMF bailout, we were no longer dealing with banks but with politicians who had lied to their parliaments to convince them to relieve the banks of Greece’s debt and take it on themselves. A debt restructuring would require them to go back to their parliaments and confess their earlier sin, something they would never do voluntarily, fearful of the repercussions. The only alternative was to continue the pretence by giving the Greek government another wad of money with which to pretend to meet its debt repayments to the EU and the IMF: a second bailout.

This is where the debate must focus. Or to cite John Mills in his 1867 paper, “On Credit Cycles and the Origin of Commercial Panics”: “Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works.

Making money in the markets is tough. The brilliant trader and investor Bernard Baruch put it well when he said, “If you are ready to give up everything else and study the whole history and background of the market and all principal companies whose stocks are on the board as carefully as a medical student studies anatomy—if you can do all that and in addition you have the cool nerves of a gambler, the sixth sense of a clairvoyant and the courage of a lion, you have a ghost of a chance.” In retrospect, the mistakes that led to my crash seemed embarrassingly obvious. First, I had been wildly overconfident and had let my emotions get the better of me. I learned (again) that no matter how much I knew and how hard I worked, I could never be certain enough to proclaim things like what I’d said on Wall $ treet Week: “There’ll be no soft landing. I can say that with absolute certainty, because I know how markets work.” I am still shocked and embarrassed by how arrogant I was. Second, I again saw the value of studying history. What had happened, after all, was “another one of those.” I should have realized that debts denominated in one’s own currency can be successfully restructured with the government’s help, and that when central banks simultaneously provide stimulus (as they did in March 1932, at the low point of the Great Depression, and as they did again in 1982), inflation and deflation can be balanced against each other. As in 1971, I had failed to recognize the lessons of history. Realizing that led me to try to make sense of all movements in all major economies and markets going back a hundred years and to come up with carefully tested decision-making principles that are timeless and universal. Third, I was reminded of how difficult it is to time markets. My long-term estimates of equilibrium levels were not reliable enough to bet on; too many things could happen between the time I placed my bets and the time (if ever) that my estimates were reached. Staring at these failings, I realized that if I was going to move forward without a high likelihood of getting whacked again, I would have to look at myself objectively and change—starting by learning a better way of handling the natural aggressiveness I’ve always shown in going after what I wanted. Imagine that in order to have a great life you have to cross a dangerous jungle. You can stay safe where you are and have an ordinary life, or you can risk crossing the jungle to have a terrific life. How would you approach that choice? Take a moment to think about it because it is the sort of choice that, in one form or another, we all have to make.

Animals, including people, fight harder to prevent losses than to achieve gains. In the world of territorial animals, this principle explains the success of defenders. A biologist observed that “when a territory holder is challenged by a rival, the owner almost always wins the contest—usually within a matter of seconds.” In human affairs, the same simple rule explains much of what happens when institutions attempt to reform themselves, in “reorganizations” and “restructuring” of companies, and in efforts to rationalize a bureaucracy, simplify the tax code, or reduce medical costs. As initially conceived, plans for reform almost always produce many winners and some losers while achieving an overall improvement. If the affected parties have any political influence, however, potential losers will be more active and determined than potential winners; the outcome will be biased in their favor and inevitably more expensive and less effective than initially planned. Reforms commonly include grandfather clauses that protect current stake-holders—for example, when the existing workforce is reduced by attrition rather than by dismissals, or when cuts in salaries and benefits apply only to future workers. Loss aversion is a powerful conservative force that favors minimal changes from the status quo in the lives of both institutions and individuals.

Ted’s a Bushman with deep ties to the political and financial establishment. Ted and Heidi brag about being the first “Bush marriage”—they met as Bush staffers and that meeting ultimately led to matrimony. Ted was an adviser on legal affairs while Heidi was an adviser on economic policy and eventually director for the Western Hemisphere on the National Security Council under Condoleezza Rice. Condi helped give us the phony war in Iraq. And Chad Sweet, Ted Cruz’s campaign chairman, is a former CIA officer. Michael Chertoff, George W. Bush’s former Secretary of Homeland Security, hired Sweet from Goldman Sachs to restructure and optimize the flow of information between the CIA, FBI and other members of the national security community and DHS.

Thus three conclusions emerge from the eye story: (1) it is easier to inherit a ‘vision acquisition device’ than a full-blown hard-wired visual analyser; (2) the visual analyser, once ‘set up’, is refractory to radical restructuring—hence the existence of a critical period in its development in cats; (3) the eye seems to have evolved in steps from a light-sensitive, innervated cell to our complex organ by common evolutionary mechanisms. Something similar may have been taking place in evolution of the language organ, and may be occurring during individual development. An argument, put forward forcefully by Noam Chomsky and his followers, refers to the ‘poverty of stimulus’. Most permutations of word order and grammatical items in a sentence leads to incomprehensible gibberish. There is no way that children could learn without some internal ‘guide’ which sentence is grammatical and which is not, only on the basis of heard examples. To make matters worse, many parents do not correct their children’s grammatical mistakes (they seem to be much more worried about the utterance of four-letter words). Recent investigations clearly confirm that children’s ‘instinctive’ understanding of grammatical intricacies, between the ages 2 and 4, is far better than one would expect from a conventional learning mechanism. Thus there seems to be a ‘language acquisition device’ (LAD) in the brain, which must be triggered by linguistic input so that its working ultimately leads to proper language. It is the LAD, and not a fully developed linguistic processor, which seems to be innate.

Low inhibition and anxiety “There was no fear, no worry, no sense of reputation and competition, no envy, none of these things which in varying degrees have always been present in my work.” “A lowered sense of personal danger; I don’t feel threatened anymore, and there is no feeling of my reputation being at stake.” “Although doing well on these problems would be fine, failure to get ahead on them would have been threatening. However, as it turned out, on this afternoon the normal blocks in the way of progress seemed to be absent.” 2. Capacity to restructure problem in a larger context “Looking at the same problem with [psychedelic] materials, I was able to consider it in a much more basic way, because I could form and keep in mind a much broader picture.” “I could handle two or three different ideas at the same time and keep track of each.” “Normally I would overlook many more trivial points for the sake of expediency, but under the drug, time seemed unimportant. I faced every possible questionable issue square in the face.” “Ability to start from the broadest general basis in the beginning.” “I returned to the original problem…. I tried, I think consciously, to think of the problem in its totality, rather than through the devices I had used before.” 3. Enhanced fluency and flexibility of ideation “I began to work fast, almost feverishly, to keep up with the flow of ideas.” “I began to draw …my senses could not keep up with my images …my hand was not fast enough …my eyes were not keen enough…. I was impatient to record the picture (it has not faded one particle). I worked at a pace I would not have thought I was capable of.” “I was very impressed with the ease with which ideas appeared (it was virtually as if the world is made of ideas, and so it is only necessary to examine any part of the world to get an idea). I also got the feeling that creativity is an active process in which you limit yourself and have an objective, so there is a focus about which ideas can cluster and relate.” “I dismissed the original idea entirely, and started to approach the graphic problem in a radically different way. That was when things started to happen. All kinds of different possibilities came to mind….” “And the feeling during this period of profuse production was one of joy and exuberance…. It was the pure fun of doing, inventing, creating, and playing.

For the last 48 years, myalgic encephalomyelitis (ME) has been formally classified by the World Health Organisation as a neurological disorder but for the last 29 years a group of UK psychiatrists (known as the Wessely School) have denied it exists other than as an aberrant belief; they insist that it is a mental (behavioural) disorder that can be cured by graded exercise and “cognitive re-structuring”.

we had to unlearn a great deal of what we thought we knew about how war—and the world—worked. We had to tear down familiar organizational structures and rebuild them along completely different lines, swapping our sturdy architecture for organic fluidity, because it was the only way to confront a rising tide of complex threats. Specifically, we restructured our force from the ground up on principles of extremely transparent information sharing (what we call “shared consciousness”) and decentralized decision-making authority (“empowered execution”). We dissolved the barriers—the walls of our silos and the floors of our hierarchies—that had once made us efficient. We looked at the behaviors of our smallest units and found ways to extend them to an organization of thousands, spread across three continents. We became what we called “a team of teams”: a large command that captured at scale the traits of agility normally limited to small teams.

If we are willing to contemplate nuclear war and the wholesale destruction of our emerging global society, should we not also be willing to contemplate a wholesale restructuring of our societies? From an extraterrestrial perspective, our global civilization is clearly on the edge of failure in the most important task it faces: to preserve the lives and well-being of the citizens of the planet. Should we not then be willing to explore vigorously, in every nation, major changes in the traditional ways of doing things, a fundamental redesign of economic, political, social and religious institutions? Faced with so disquieting an alternative, we are always tempted to minimize the seriousness of the problem, to argue that those who worry about doomsday’s are alarmists; to hold that fundamental changes in our institutions are impractical or contrary to ‘human nature’, as if nuclear war were practical, or as if there were only one human nature. Full-scale nuclear war has never happened. Somehow this is taken to imply that it never will. But we can experience it only once. But then it will be too late to reformulate the statistics.

The Pathe & Mullen (1997) sample almost unanimously reported deterioration in mental and physical well-being as a consequence of the harassment. (..) These victims often described a preoccupation with their stalker, one commenting: "I think I’ve become as obsessed as the stalker himself". (..) Whenever stalking victims present it is essential to assess their suicide potential and continue to monitor this. (..) Victims of stalking often respond to cognitive-orientated psychological therapies because stalking breaches previously held assumptions about their safety. The belief of victims in their strength and resilience and their confidence in the reasonable and predictable nature of the world are frequently shattered, to be replaced with feelings of extreme vulnerability and an expectation of pervasive danger and unpredictable harm. Cognitive therapies attempt to restructure these morbid perceptions of the world that threaten the victim’s adaptation and functioning. (..) Avoidance can respond to behavioural therapies such as prolonged exposure and stress inoculation, which aim to assist victims to gradually resume abandoned activities and manage the associated anxiety.

In the days ahead we must not consider it unpatriotic to raise certain basic questions about our national character. We must begin to ask: Why are there forty million poor people in a nation overflowing with such unbelievable affluence? Why has our nation placed itself in the position of being God’s military agent on earth, and intervened recklessly in Vietnam and the Dominican Republic? Why have we substituted the arrogant undertaking of policing the whole world for the high task of putting our own house in order? All these questions remind us that there is a need for a radical restructuring of the architecture of American society. For its very survival’s sake, America must reexamine old presuppositions and release itself from many things that for centuries have been held sacred. For the evils of racism, poverty and militarism to die, a new set of values must be born. Our economy must become more person-centered than property- and profit-centered. Our government must depend more on its moral power than on its military power. Let us, therefore, not think of our movement as one that seeks to integrate the Negro into all the existing values of American society. Let us be those creative dissenters who will call our beloved nation to a higher destiny, to a new plateau of compassion, to a more noble expression of humaneness.

Hoover wanted the new investigation to be a showcase for his bureau, which he had continued to restructure. To counter the sordid image created by Burns and the old school of venal detectives, Hoover adopted the approach of Progressive thinkers who advocated for ruthlessly efficient systems of management. These systems were modeled on the theories of Frederick Winslow Taylor, an industrial engineer, who argued that companies should be run “scientifically,” with each worker’s task minutely analyzed and quantified. Applying these methods to government, Progressives sought to end the tradition of crooked party bosses packing government agencies, including law enforcement, with patrons and hacks. Instead, a new class of technocratic civil servants would manage burgeoning bureaucracies, in the manner of Herbert Hoover—“ the Great Engineer”—who had become a hero for administering humanitarian relief efforts so expeditiously during World War I. As the historian Richard Gid Powers has noted, J. Edgar Hoover found in Progressivism an approach that reflected his own obsession with organization and social control. What’s more, here was a way for Hoover, a deskbound functionary, to cast himself as a dashing figure—a crusader for the modern scientific age. The fact that he didn’t fire a gun only burnished his image. Reporters noted that the “days of ‘old sleuth’ are over” and that Hoover had “scrapped the old ‘gum shoe, dark lantern and false moustache’ traditions of the Bureau of Investigation and substituted business methods of procedure.” One article said, “He plays golf. Whoever could picture Old Sleuth doing that?

The shift in focus served to align the goals of the Civil Rights Movement with key political goals of poor and working-class whites, who were also demanding economic reforms. As the Civil Rights Movement began to evolve into a “Poor People’s Movement,” it promised to address not only black poverty, but white poverty as well—thus raising the specter of a poor and working-class movement that cut across racial lines. Martin Luther King Jr. and other civil rights leaders made it clear that they viewed the eradication of economic inequality as the next front in the “human rights movement” and made great efforts to build multiracial coalitions that sought economic justice for all. Genuine equality for black people, King reasoned, demanded a radical restructuring of society, one that would address the needs of the black and white poor throughout the country. Shortly before his assassination, he envisioned bringing to Washington, D.C., thousands of the nation’s disadvantaged in an interracial alliance that embraced rural and ghetto blacks, Appalachian whites, Mexican Americans, Puerto Ricans, and Native Americans to demand jobs and income—the right to live. In a speech delivered in 1968, King acknowledged there had been some progress for blacks since the passage of the Civil Rights Act of 1964, but insisted that the current challenges required even greater resolve and that the entire nation must be transformed for economic justice to be more than a dream for poor people of all colors. As historian Gerald McKnight observes, “King was proposing nothing less than a radical transformation of the Civil Rights Movement into a populist crusade calling for redistribution of economic and political power. America’s only civil rights leader was now focusing on class issues and was planning to descend on Washington with an army of poor to shake the foundations of the power structure and force the government to respond to the needs of the ignored underclass.”36

As I saw it, there was a 75 percent chance the Fed’s efforts would fall short and the economy would move into failure; a 20 percent chance it would initially succeed at stimulating the economy but still ultimately fail; and a 5 percent chance it would provide enough stimulus to save the economy but trigger hyperinflation. To hedge against the worst possibilities, I bought gold and T-bill futures as a spread against eurodollars, which was a limited-risk way of betting on credit problems increasing. I was dead wrong. After a delay, the economy responded to the Fed’s efforts, rebounding in a noninflationary way. In other words, inflation fell while growth accelerated. The stock market began a big bull run, and over the next eighteen years the U.S. economy enjoyed the greatest noninflationary growth period in its history. How was that possible? Eventually, I figured it out. As money poured out of these borrower countries and into the U.S., it changed everything. It drove the dollar up, which produced deflationary pressures in the U.S., which allowed the Fed to ease interest rates without raising inflation. This fueled a boom. The banks were protected both because the Federal Reserve loaned them cash and the creditors’ committees and international financial restructuring organizations such as the International Monetary Fund (IMF) and the Bank for International Settlements arranged things so that the debtor nations could pay their debt service from new loans. That way everyone could pretend everything was fine and write down those loans over many years. My experience over this period was like a series of blows to the head with a baseball bat. Being so wrong—and especially so publicly wrong—was incredibly humbling and cost me just about everything I had built at Bridgewater. I saw that I had been an arrogant jerk who was totally confident in a totally incorrect view. So there I was after eight years in business, with nothing to show for it. Though I’d been right much more than I’d been wrong, I was all the way back to square one.