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Is California poor? No, the state is very rich. It has land, territory and it is home to the best and most innovative companies in the world – Apple, Facebook, Google – brands that are larger than many states. It is home to the one place producing dreams and imagination for the whole world, Hollywood.
We feel California’s richness when we walk the streets, when we look around at our forests, our cities, our parks, our incredible beaches and the creativity of our people. How can we translate this feeling into hard reality?
Let’s produce a balance sheet. Let’s see what are the real assets of California. I believe they are worth hundreds of billions of dollars. Once we have a balance sheet, things start changing immediately, just like it would for a person with a debt of $1,000 who discovers he has assets worth $1 million.
WME Head Ari Emanuel D10 Interview - Peter Kafka - D10 - AllThingsD -
Just hilarious.
“When I read the Stanford discussion thread, I saw young people with deep moral yearnings. But they tended to convert moral questions into resource allocation questions; questions about how to be into questions about what to do. It’s worth noting that you can devote your life to community service and be a total schmuck. You can spend your life on Wall Street and be a hero. Understanding heroism and schmuckdom requires fewer Excel spreadsheets, more Dostoyevsky and the Book of Job.” — The Service Patch - David Brooks - NYTimes.com
Euro zone row gets fat pay rise for German workers - Yahoo! Finance -
Unheralded but hugely important. Too much emphasis is placed on the fiscal side of the European story, not nearly enough on the competitiveness side.
Paris Review – Malcolm Cowley, Life Coach, Rebecca Davis O'Brien -
(via Anj)
A VC: The Rise Of Consumer Centric Healthcare
Energy Mix Breakdown (from Donald Marron)
What Hollande must tell Germany - FT.com -
Martin Wolf - Excellent as always.
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The condescension inherent in this vision is apparent in every step of Julia’s pilgrimage toward a community-gardening retirement. But in an increasingly atomized society, where communities and families are weaker than ever before, such a vision may have more appeal — to both genders — than many of the conservatives mocking the slide show might like to believe.
Apparently someone in the White House thinks so, which makes the life of Julia the most interesting general-election foray by either campaign to date. Interesting, and clarifying: in a race that’s likely to be dominated by purely negative campaigning on both sides, her story is the clearest statement we’re likely to get of what Obama-era liberalism would take us “forward” toward.
” — The Party of Julia - NYTimes.com - Douthat is excellent in today’s times.