Stop managing your time. Start managing your focus.
The actual division of labor must be reflected in the division of the rewards (and prices, which is the way the consumer gets rewarded).
Government support is not only investing in upstream areas like basic research, but also in downstream areas like applied research and early-stage financing for the companies themselves. This means there are great risks.
It's important that public funds be spent in research directions that are pushing market frontiers rather than working in existing areas. This means funding research not only on drugs but also on areas like life-style changes, even if the profit potential is lower for Big Pharma as you cannot sell that change as you can sell a medicine.
I often use the iPhone as an example of how governments shape markets, because what makes the iPhone ‘smart’ and not stupid is what you can do with it. And yes, everything you can do with an iPhone was government-funded. From the Internet that allows you to surf the Web, to GPS that lets you use Google Maps, to touch screen display and even the SIRI voice activated system - all of these things were funded by Uncle Sam through the Defense Advanced Research Projects Agency (DARPA), NASA, the Navy, and even the CIA!
If we want growth today to be more innovation-driven, more inclusive and more sustainable, then we need a more active state, not a less active one. Yet we still hear the dogma that we should just fix market failure by focusing on science and infrastructure, and to "level the playing field. "
What is needed is both a New Deal in terms of mission-oriented investments but also a new deal in terms of a modern social compact - one that allows the state to socialize not only risks but also rewards. Maybe then innovation-led growth will also become growth that includes all of us.
Our rural ancestors, with little blest, Patient of labor when the end was rest, Indulged the day that housed their annual grain, With feasts, and off'rings, and a thankful strain.
Reporting is pretty vital to me. It keeps me connected to the world. A 40-hour-per-week day job may be less feasible as time goes on.
Players get to that intermediate level where they can already play pretty good, and that's kind of a dangerous period because they tend to start playing only the things that they can play, rather than the things they can't.
The older I get the more secrets I have, never to be revealed and this, I know, is a common condition of people my age. and why all this emphasis on kissing and telling? Kisses are the least of it.