CNN (April 11)
“Investors will be in wait-and-watch mode until polling ends and India’s new leader is elected on May 23. Whoever wins, business is unlikely to get the kind of boost seen in the last five years…. Still, analysts expect India to remain open to global investors no matter who is at the helm. And the country’s huge market of 1.3 billion people may simply be too tempting to pass up.”
Financial Times (April 10)
Boeing’s failure was essentially a “human error.” Boeing “was lured into hubris by its commercial success and safety record. It could not believe it had blundered so badly in trying to avoid harm. With hindsight, the reaction of Boeing and the FAA on the day after the second crash feels absurd.” This delusion, however, “has broader lessons. Companies in regulated industries employing many specialists such as engineers often find it hard to concede errors promptly, not just because of potential legal liability, but due to faith in their expertise. Car-makers and energy companies are also prone to such blindness.”
Tags: Blindness
