The Chinese have a saying: An elderly person at home is like having a treasure in the family. It can sometimes be exasperating having to repeat what you said five times before grandma hears you, or put up with her forgetting your name for the hundredth time, but deep down inside she's an irreplaceable source of peace and her smile always manages to chase the blues away.
"When you study finance, you are studying how to make things happen, on a big scale, on a lasting scale … and that has to matter more than getting into Google and programming some little gimmick", said Robert Shiller in our debate at The Economist’s Buttonwood Gathering on October 30 in New York City. Shiller argued that financial innovation is just as important as the innovation that Silicon Valley creates and that without finance we would not have an economy — or a technology industry.
Mayor Michael Bloomberg will leave office on January 1 after 12 years as mayor of the nation's biggest city. His legacy will not be the transformation of the school system. If anything, he blew up the system, eliminated supervisors, closed schools, opened new schools, cheered the growth of the charter sector (which ironically is out of his control), opened hundreds of new schools, and used test scores as the measure of very school.
- FYI: Did you know that the long term capacity planning for prisons is based on the illiteracy rate of forth graders? Yup, that's right, so knowing how to read is much bigger deal, then we give it credit for. And as "Speading Reading for Dummies" author Richard Sutz points out it's one of the most neglected skills in school. Because by the time in uhh...let's say third grade, when we manage to read out loud fluently, kids are considered literate in their mother tongue. But what matters even more is the ability to read a text, silently, and grasp it's meaning, central topics maybe criticism and be able to summarize that, ideally without constantly using the text as reference. And from good ol' school times, I can confirm that reading out loud in front of your class mates makes you the person who's busier not mispelling than getting a full grasp of it's content.
“My name is Justin.”
“And I’m addicted to coffee.
“I’m not-uh, not totally sure how this works; this is my first night. Do I just? Okay, I’ll just start then.
“I had my first sip when I was thirteen. You know how you do. Just a half a cup, no more. Home sick from school, parents leave for work and don’t empty out the pot.
As any Japanese speaker will no doubt tell you, the Japanese language, although tricky to master, is incredibly convenient. Not only can we entirely omit words such as "I" or "you" and simply say things like "taberu?" ("eat?") or "iku?" ("go?") and it still be perfectly acceptable, but there are also set phrases for use in a multitude of situations, the like of which simply do not exist in many other languages.
I never thought that running would save my life, but it did. It didn't feel like it, though, on that first day of March of last year when I laced up and went for a 2-mile run around my neighborhood. By the end of the first mile I was already winded. 26.2 miles? I thought to myself, I don't know about that.