Too Critical To Fail

How markets, media, and private interests shape government responses to natural disasters, pandemics, industrial failures, cyber-attacks, and terrorist threats.

In the summer of 2013, just as a small town in Quebec was decimated due to a train derailment, heavy rainfall prompted thirty Alberta communities to declare a state of emergency. Whereas a SWAT team surrounded train conductor Thomas Harding and brought him to court where he was charged with the deaths of forty-seven in Quebec, Calgary mayor Naheed Nenshi emerged from the Alberta crisis as a folk hero. As the Lac-Mégantic train derailment and the flood in Alberta demonstrate, political, economic, legal, and cultural climates influence the way disasters are received and managed. In Too Critical to Fail, Kevin Quigley, Ben Bisset, and Bryan Mills identify the social context that shapes the Canadian government’s ability to prepare for and respond to emergencies. Using original research on natural disasters, pandemics, industrial failures, cyber-attacks, and terrorist threats, the authors evaluate the risk regulation regimes that monitor, interpret, and respond to failures in Canada’s critical infrastructure to limit their possibilities and consequences. More broadly, this book identifies key vulnerabilities and regulatory challenges for both the government and the private sector in mitigating threats to safety and security. Too Critical to Fail applies an investigative lens to the multiple and competing risks that the government balances to secure assets that enable modern civilization. Raising questions about Canadians’ ability to protect critical infrastructure and respond to threats, this book challenges the biases that determine who is held to account when the system fails.

If you want your startup to succeed, you need to understand why startups fail. “Whether you’re a first-time founder or looking to bring innovation into a corporate environment, Why Startups Fail is essential reading.”—Eric Ries, founder and CEO, LTSE, and New York Times bestselling author of The Lean Startup and The Startup Way Why do startups fail? That question caught Harvard Business School professor Tom Eisenmann by surprise when he realized he couldn’t answer it. So he launched a multiyear research project to find out. In Why Startups Fail, Eisenmann reveals his findings: six distinct patterns that account for the vast majority of startup failures. • Bad Bedfellows. Startup success is thought to rest largely on the founder’s talents and instincts. But the wrong team, investors, or partners can sink a venture just as quickly. • False Starts. In following the oft-cited advice to “fail fast” and to “launch before you’re ready,” founders risk wasting time and capital on the wrong solutions. • False Promises. Success with early adopters can be misleading and give founders unwarranted confidence to expand. • Speed Traps. Despite the pressure to “get big fast,” hypergrowth can spell disaster for even the most promising ventures. • Help Wanted. Rapidly scaling startups need lots of capital and talent, but they can make mistakes that leave them suddenly in short supply of both. • Cascading Miracles. Silicon Valley exhorts entrepreneurs to dream big. But the bigger the vision, the more things that can go wrong. Drawing on fascinating stories of ventures that failed to fulfill their early promise—from a home-furnishings retailer to a concierge dog-walking service, from a dating app to the inventor of a sophisticated social robot, from a fashion brand to a startup deploying a vast network of charging stations for electric vehicles—Eisenmann offers frameworks for detecting when a venture is vulnerable to these patterns, along with a wealth of strategies and tactics for avoiding them. A must-read for founders at any stage of their entrepreneurial journey, Why Startups Fail is not merely a guide to preventing failure but also a roadmap charting the path to startup success.

The potential failure of a large bank presents vexing questions for policymakers. It poses significant risks to other financial institutions, to the financial system as a whole, and possibly to the economic and social order. Because of such fears, policymakers in many countries—developed and less developed, democratic and autocratic—respond by protecting bank creditors from all or some of the losses they otherwise would face. Failing banks are labeled "too big to fail" (or TBTF). This important new book examines the issues surrounding TBTF, explaining why it is a problem and discussing ways of dealing with it more effectively. Gary Stern and Ron Feldman, officers with the Federal Reserve, warn that not enough has been done to reduce creditors' expectations of TBTF protection. Many of the existing pledges and policies meant to convince creditors that they will bear market losses when large banks fail are not credible, resulting in significant net costs to the economy. The authors recommend that policymakers enact a series of reforms to reduce expectations of bailouts when large banks fail.

Pretentiousness is the engine oil of culture; the essential lubricant in the development of all arts, high, low, or middle.

From a leading voice among young conservatives, an impassioned argument that to stay relevant the Republican Party must look beyond short-term electoral gains and re-commit to historic conservative values. In 1963 Richard Hofstadter published his landmark book Anti-Intellectualism in American Life. Today, Matt Lewis argues, America's inclination toward simplicity and stupidity is stronger than ever, and its greatest victim is the Republican Party. Lewis, a respected conservative columnist and frequent guest on MSNBC's Morning Joe, eviscerates the phenomenon of candidates with a "no experience required" mentality and tea party "patriots" who possess bluster but few core beliefs. Lewis traces the conservative movement's roots, from Edmund Burke to William F. Buckley, and from Goldwater's loss to Reagan's landslide victory. He highlights visionary thinkers who understood nuance and deep ideology and changed the course of the nation. As we approach the 2016 presidential election, Lewis has an urgent message for fellow conservatives: embrace wisdom, humility, qualifications, and inclusion -- or face extinction.