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So, thank you for coming in and im glad we have got the ac going, so welcome. Make yourself comfortable pair before we get started if you housekeeping notes. If you could take the time to silence your cell phone and while you have your phone that you dont have to turn it off. You can follow kramer books on facebook and twitter and instagram. Signup for our email newsletter if you have not already. We would love for you to visit our website at kramer. Com. And on our website you and bind their events and sign up for our newsletter, so that way you keep on top of the great stuff we have got going like tonights event with Elaine Kamarck. I am that events director here at kramer books and its my pleasure to welcome you in my pleasure to welcome elaine this evening for her new book why president s fail and how they can succeed again. For those of you that dont know elaine is a senior fellow at booking and the founding director of the c ....
President s are so obsessed with talking and campaigning and going places that they fail to take the time to think about the third step of leadership, which is implementing policy. In fact, i start the book with a quote from Thomas Jefferson the execution of the laws more important than making them. If you think of leadership as three tasks, getting the answer right, the policy right, communicating that and implementing its the argument i make in this book is that president s spend so much time on communication that it leaves them little time to think about how they are going to implement the policies they want to implement. That involves understanding something that in the Business Schools we call organizational capacity. In other words, if the federal government, if a piece of the federal government that you are giving this job to, is it capable, is it up to the job tha ....
Send your spirit to empower us to live worthy of your great name. Guide our senators as they confront the struggles of our times, bringing them confident assurance that your purposes will prevail. In the hectic pace of their living, help them to slow down long enough to hear your still, small voice of wisdom. Eviscerate the tensions that pull them apart and keep them from being whole. Lord, you know us better than we know ourselves so have your way in our world. We pray in your holy name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Mcconnell the democratic leader. Mr. Reid the republican leader is on his way. I ask that the quorum begin to be called. The presiding officer the clerk will call the roll. Qu ....
Expected. I think the bulls managed to escape without too much damage. The dow climbing 80 points. Nasdaq even advancing at 0. 4 . Underneath we have some real erosion going on that was not even pinned to employment. Or the fact the dollar seems to want to get stronger and oil cant seem to get much lift which is bad for buyers. In fact as earnings season winds down were seeing some real bad earnings themes emerge. Themes that are pernicious to the earnings of Many Companies and bountiful to the profits of just a handful. Why dont we use next weeks game plan so we can both hail and eulogize the results. A wholesale shift to companies far more internet oriented than bricks and mortar. Way up at amazon. How about the Battle Ground stock that is wayfair. The Online Furniture company that reports monday morning. I cant wait ....
In this particular area you are addressing with the act is a critical one, if that is good to be our goal. It raises three issues today. The first one is economic theory. And the economics behind us, there has long been of human economics that functioning effective functioning of markets depend on information. Received theomists nobel prize in 2001 for their Research Related to what they called asymmetric information. This is exactly what is going on here. When you go to a hotel, you do not know anything about what you see. The hotel knows everything. This is a market with asymmetric information. They won the nobel prize because they shows the markets with that information underperformed what would otherwise be economic welfare for everyone, consumers in the overall economy. In particular, this and other researchers found that markets do not perform effectively, number one, if buyers cannot accurately assess the value before the ....