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WATCH: Post-coronavirus institutional and global order shifts, tradeoffs, and sustainability

Framing is important, time is relative, lots to talk about every week, while we are in the midst of what I think we will look back on and say is the first hopefully, only depression of our lifetimes.

This is getting much more politicized in the United States. Because there's an election coming up, but also because politically there's almost no way to turn. On the one hand, the death toll is going to be well over 100,00, and that was the frame of reference that President Trump said it would be a good job. We see Jay Powell, head of the Fed, who I think has done a very credible job through all of this, and speaks about it very credibly, and saying going forward that he thinks the third quarter, in fact, all of this year, is going to be economically very painful.

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Silver linings & business learnings from the coronavirus crisis

What silver linings, if any, are there from the dreadful pandemic which we've all been experiencing?

This has been a humanitarian disaster. And therefore, it's a little incongruous to talk about silver linings, but there are a few. First off, we've all learned how to work digitally and what that means for our businesses. There's a new appreciation of how to take processes and make them more efficient using digital and other techniques. How to serve customers through a contact free environment and how to make a difference every day by staying in touch through digital means. The second silver lining may actually be around the way decisions themselves get made. The piece. The ability to bring together the bare facts necessary in order to make a decision and no longer agonizing over a lot of superfluous information that makes no difference, but actually just adds to bureaucracy and takes time. The third is indeed waste. Because we've all been under so much pressure and we've be working remotely, there's a renewed appreciation for what matters. What is it in the business that we need to do and do really well? And what is it we don't?

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