Donna Azucar In 1974 I was a student at Cornell majoring in Economics and Government. My studies had taken a decided focus on development economics and third-world government. It’s not complicated, my mother was a UN diplomat living in Rome and serving as a director of the Food and Agriculture Organization (FAO). She was the dominant force in my life, my role model, my muse. I assume I wanted to follow in her footsteps. …
Thick as Thieves Bankers stick together. The concept of a Club Deal and a Syndication were both invented by bankers. They love to hang together so that no one looks too stupid when a deal goes bad. Everyone likes to free ride on the other guy’s diligence or smarts. I should know, I was a senior banker for over forty years. And you’ve heard the expression “honor among thieves”? That implies that one banker would…
Limping Towards Greatness We all want to believe that the path to success is about moving in a straight line towards our goal, gaining momentum as we go and charging across the finish line with a building sense of certainty and satisfaction. That may happen for some people, but I would like to meet them. Success is far more often a four-cushion shot or even a random walk. I have even seen people accidentally…
Downtown Bombshell Yesterday was another day of rest for me. I was enjoying being back home after three weeks away, so I just lazed around opening mail, sorting through motorcycle gear, organizing stuff, watching a bit of MSNBC to catch up on the news (though I must say these days none of us is further away from it than our smartphones) and waiting for our evening adventure. Kim had booked us for another SAG/AFTRA…
I Walk the Line No, this is not a piece about Johnny Cash, though I imagine that his song by the same name talks to a similar problem we all face in one way or another. And there’s yet another song title. What exactly is a line? Is it simply a demarcation or is it a barrier not to be crossed. Is it about providing guidance and directionality or is it a warning not to…
Hospitality in the Modern World Back in 1975 I was asked to teach hospitality economics to the students at Cornell’s Hotel School, arguably the best school in the world for hotel management. It was not so challenging devising hospitality examples or cases to highlight important economics principles, though getting these abstract concepts into the heads of students fixated on “flush and gush” courses and wine-tasting was a bigger obstacle. The concept of mean reversion and…
The Illusion of Control Control is what makes the world go around. We work our whole lives to obtain it. We are unsettled if we do not feel in possession of it. At times it allows us to go faster and at other times it slows us down to an excruciating crawl. “Get control of yourself!” “You’re out of control!” “You’re a control-freak!” Does it mean to rule or just to regulate? Is it…
Resistance Insistence Resistance is a word that is stuck squarely in my mind today. I have a gray t-shirt with the word RESIST across the chest. It is a political statement and it is meant to mean a refusal to accept or comply with something. I like the sentiment in today’s political environment, only I would add an exclamation point at the end for RESIST! It says to me and anyone who encounters me and…
Compromising Compromises In almost every corner of modern life there are reasons to compromise rather than stick dogmatically to a strong and extreme position. This issue itself can be a very debatable one and some will say that compromise on the most important issues is unacceptable and morally repugnant. If only the world was always so black and white, life would be a lot less morally conflicted. I remember in high school, I attended…
Batter Up A funny thing happened on the way to the office. It turns out that this summer, the world has decided that it likes hydrogen again. That’s an understatement based on the 200-page report issues by the International Energy Agency (IEA). They say hydrogen is once again the darling it was a decade ago and a decade before that. Funny thing is that hydrogen is the most plentiful element in the universe, and…