Dangerous Opportunity

The 2017 Home Capital saga represents the shortcomings of a financial system challenged by distinct, siloed regulatory frameworks that fail to communicate with each other. Home Capital is a publicly traded company that acts as a lender through the Home Trust Company, most often providing mortgages to clients rejected by traditional banks. Home Capital’s 2017 announcement that it required $2 billion to sustain a $600-million loss shook customer confidence, and fueled by allegations of corruption, the company suffered a rapid decline in stock price. The Home Capital crisis is the most recent pre-pandemic example of systemic risk in the financial sector in Canada and highlights the invaluable opportunity we have to avoid repeating past mistakes in the nearing post-pandemic economic reality. Using the 2017 Home Capital saga as a starting point, Dangerous Opportunities sheds light on the compartmentalization of regulators and its greater ramifications on board independence and corporate governance, taxation in the competitive housing sector, and the success of non-bank financial institutions in various jurisdictions. A hybrid of law and business, Dangerous Opportunities is a must-read for those interested in the underbelly of financial institutions and is an inspired read in the aftermath of the recent housing crisis, which saw many aspiring homeowners seek dangerous opportunities outside of the traditional banking system.

When Edward P. Djerejian arrived in Beirut for his first Foreign Service assignment, the city was a thriving metropolis, a nexus for a diversity of religious beliefs, political ideas, and cultural practices. More than forty years since, the broader Middle East region is undergoing significant change in the face of a deep-rooted con-frontation between the forces of reaction and modernity in the rapidly growing Muslim populations. Serious deficits in education, political participation, economic progress, and human rights are exacerbated by unresolved conflicts in Iraq, Afghanistan, and Kashmir, and between Arabs and Israelis. Djerejian, an American diplomat who served eight presidents, both Democratic and Republican, from John F. Kennedy to William Jefferson Clinton, publicly shares for the first time intimate details and colorful anecdotes of his service in the Middle East. During his tenure, he developed close professional relationships with many of the region's secular and religious leaders and was a key advisor to Washington's highest-ranking officials and political leaders. He was instrumental in formulating U.S. policy in the region, and participated actively in Arab-Israeli peace negotiations, the release of U.S. hostages in Lebanon, and the formation of the U.S.-led coalition against Saddam Hussein's invasion of Kuwait. A leading expert on the Middle East, Djerejian asserts that Americans are confronted with one of the most important challenges of our time: the struggle of ideas between the forces of extremism and moderation in the Arab and Muslim world. Mistakenly assuming that radical political ideologies fell with communism at the end of the Cold War, policy makers are employing insufficient strategies to promote the important political, economic, commercial, cultural, and security interests that the United States -- and the rest of the world -- have in the region. Djerejian explains what has gone wrong with U.S. policy and suggests a way forward for future admin-istrations. The United States must learn to deal with the complex religious, ethnic, and cultural factors at play in the Middle East. We must not impose our own political structure on the Arab and Muslim world, but we can help marginalize the radicals and champion a democratic way of life in conformity with the cultural context of the region's own mainstream values and ideals. In his captivating and illuminating book -- the only one of its kind to address the full scope of issues that U.S. leaders face in the Middle East -- Djerejian outlines specific coherent strategies necessary to respond effectively to the imminent danger and dynamic opportunity presented by the struggle within the Islamic world.

Textbook for the study of crisis behaviour, a key subject in international relations

When Edward P. Djerejian arrived in Beirut for his first Foreign Service assignment, the city was a thriving metropolis, a nexus for a diversity of religious beliefs, political ideas, and cultural practices. More than forty years since, the broader Middle East region is undergoing significant change in the face of a deep-rooted con-frontation between the forces of reaction and modernity in the rapidly growing Muslim populations. Serious deficits in education, political participation, economic progress, and human rights are exacerbated by unresolved conflicts in Iraq, Afghanistan, and Kashmir, and between Arabs and Israelis. Djerejian, an American diplomat who served eight presidents, both Democratic and Republican, from John F. Kennedy to William Jefferson Clinton, publicly shares for the first time intimate details and colorful anecdotes of his service in the Middle East. During his tenure, he developed close professional relationships with many of the region's secular and religious leaders and was a key advisor to Washington's highest-ranking officials and political leaders. He was instrumental in formulating U.S. policy in the region, and participated actively in Arab-Israeli peace negotiations, the release of U.S. hostages in Lebanon, and the formation of the U.S.-led coalition against Saddam Hussein's invasion of Kuwait. A leading expert on the Middle East, Djerejian asserts that Americans are confronted with one of the most important challenges of our time: the struggle of ideas between the forces of extremism and moderation in the Arab and Muslim world. Mistakenly assuming that radical political ideologies fell with communism at the end of the Cold War, policy makers are employing insufficient strategies to promote the important political, economic, commercial, cultural, and security interests that the United States -- and the rest of the world -- have in the region. Djerejian explains what has gone wrong with U.S. policy and suggests a way forward for future admin-istrations. The United States must learn to deal with the complex religious, ethnic, and cultural factors at play in the Middle East. We must not impose our own political structure on the Arab and Muslim world, but we can help marginalize the radicals and champion a democratic way of life in conformity with the cultural context of the region's own mainstream values and ideals. In his captivating and illuminating book -- the only one of its kind to address the full scope of issues that U.S. leaders face in the Middle East -- Djerejian outlines specific coherent strategies necessary to respond effectively to the imminent danger and dynamic opportunity presented by the struggle within the Islamic world.

In the 1990s the United States Armed Forces will be asked by its leaders to do more with less. This represents a significant turn from the policies of the last decade. During World War Two the German Army operated effectively under similar policy constraints. There are many lessons in strategic planning that can be learned from Field Marshal Erich von Manstein’s operations during the Winter of 1942-43. He was able to grasp tremendous opportunity amid extreme strategic danger. He decisively changed the strategic situation on the Eastern Front over a four month period. This thesis addresses the following questions. What factors enabled him to operate so effectively? What hindered him? What decisions did he make, when and why? How might leaders today make similar decisions under similar circumstances and be as successful? The answers to these questions will be of great value to the United States Armed Forces as they restructure themselves for the 1990s.

The Chinese characters for "danger" and "opportunity" form the word "crisis". Ancient Chinese wisdom sees an opportunity in danger. While cultural diversity brings challenges to the workplace, how do we turn these challenges into opportunities? Drawing on their extensive experience working with multicultural and multinational organizations, Lionel Laroche and Caroline Yang provide an in-depth analysis of cross-cultural dynamics in the workplace and offer practical suggestions at both the individual and organizational levels. The book analyzes cross-cultural challenges in six areas: the relative importance of technical and soft skills; cross-cultural communication; cross-cultural feedback; hierarchy; individualism; and risk tolerance. It then provides a solutions framework that encompasses people, systems and environment to bridge the issues that arise from cultural differences. The analysis and solutions are applied in four business contexts: managing a multicultural workforce; competing in the global talent market; collaborating with joint venture partners; and working with offshore resources. If you work with colleagues, managers, employees and customers from diverse cultures, if you are with an organization that has a multicultural workforce and/or global operations, or if your organization collaborates with joint venture partners or offshore resources from different cultures, then Danger and Opportunity: Bridging Cultural Diversity for Competitive Advantage is the book for you.

This richly detailed 1981 biography captures both the personal life and the scientific career of Isaac Newton, presenting a fully rounded picture of Newton the man, the scientist, the philosopher, the theologian, and the public figure. Professor Westfall treats all aspects of Newton's career, but his account centres on a full description of Newton's achievements in science. Thus the core of the work describes the development of the calculus, the experimentation that altered the direction of the science of optics, and especially the investigations in celestial dynamics that led to the law of universal gravitation.