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Strategy is about making choices, trade-offs; it's about deliberately choosing to be different.
Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
In a budget, how important is art versus music versus athletics versus computer programming? At the end of the day, some of those trade-offs will be made politically.
We have been suckered into believing that, because there are more men at the top than women at the top, that this is a result of discrimination against women. That's been the misconception. It's all about trade-offs. You earn more money, you usually sacrifice something at home.
These are big trade-offs for a simple piece of cake - add five hundred calories, subtract well-being, allure, and self-esteem - and the feelings behind them are anything but vain or shallow.
Economists specialize in pointing out unpleasant trade-offs - a skill that is on full display in the health care debate. We want patients to receive the best care available. We also want consumers to pay less. And we don't want to bankrupt the government or private insurers. Something must give.
In many cases, water stress is more about politics, economics, behaviour and governance than absolute water scarcity. Better planning is needed, to allocate water where societal need is greatest, and to allow trade-offs between alternative uses.
We call the fates of the Titanic and the Concordia - as well as those of the space shuttles Challenger and Columbia - 'accidents.' Foreseeing such undesirable events is what engineers are expected to do. However, design trade-offs leave technological systems open to failings once predicted, but later forgotten.
Good economic policy requires not so much the bravado to implement drastic change as the strength and wisdom to make reasonable trade-offs over the many years it takes to transform a country's standard of living.
Peter Blair Henry
There have been trade-offs every day, every month, every year. There's a lot that I missed and I do have regrets in that area. But I have been able to bring to my family the richness of being a journalist.
The myth is that women and their families don't have to make trade-offs to have an 'extreme career'; they absolutely do. How you prioritize your life and career is your choice. Once you make a decision, stick to it; don't always second-guess yourself.
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