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.

Stop negative thoughts, assuage anxiety, and live in the moment with these fun, easy games from improv expert Clay Drinko. If you’ve been feeling lost lately, you’re not alone! Even before the Covid-19 pandemic, Americans were experiencing record levels of loneliness and anxiety. And in our current political turmoil, it’s safe to say that people are looking for new tools to help them feel more present, positive, and in sync with the world. So what better way to get there than play? In Play Your Way Sane, Dr. Clay Drinko offers 120 low-key, accessible activities that draw on the popular principles of improv comedy to help you tackle your everyday stress and reconnect with the people around you. Divided into twelve fun sections, including “Killing Debbie Downer” and “Thou Shalt Not Be Judgy,” the games emphasize openness, reciprocation, and active listening as the keys to a mindful and satisfying life. Whether you’re looking to improve your personal relationships, find new meaning at work, or just survive our trying times, Play Your Way Sane offers serious self-help with a side of Second City sass.

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.

Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.

The first in-depth look at the burgeoning legal cannabis industry and how the “new green economy” is shaping our country The nation’s economy is in trouble, but there’s one cash crop that has the potential to turn it around: cannabis (also known as marijuana and hemp). According to Time, the legal medicinal cannabis economy already generates $200 million annually in taxable proceeds from a mere two hundred thousand registered medical users in just fourteen states. But, thanks to Nixon and the War on Drugs, cannabis is still synonymous with heroin on the federal level even though it has won mainstream acceptance nationwide. ABC News reports that underground cannabis’s $35.8 billion annual revenues already exceed the combined value of corn ($23.3 billion) and wheat ($7.5 billion). Considering the economic impact of Prohibition—and its repeal—Too High to Fail isn’t a commune-dweller’s utopian rant, it’s an objectively (if humorously) reported account of how one plant can drastically change the shape of our country, culturally, politically, and economically. Too High to Fail covers everything from a brief history of hemp to an insider’s perspective on a growing season in Mendocino County, where cannabis drives 80 percent of the economy (to the tune of $6 billion annually). Investigative journalist Doug Fine follows one plant from seed to patient in the first American county to fully legalize and regulate cannabis farming. He profiles an issue of critical importance to lawmakers, media pundits, and ordinary Americans—whether or not they inhale. It’s a wild ride that includes swooping helicopters, college tuitions paid with cash, cannabis-friendly sheriffs, and never-before-gained access to the world of the emerging legitimate, taxpaying “ganjaprenneur.”

DISCLAIMER: This Staff Discussion Note represents the views of the authors and does not necessarily represent IMF views or IMF policy. The views expressed herein should be attributed to the authors and not to the IMF, its Executive Board, or its management. Staff Discussion Notes are published to elicit comments and to further debate.

The Treasury Committee considers the issue of the existence of a type of financial firm, or firms which are "too important to fail" - so integral to the financial system that it was necessary for governments to bail them out during the banking crisis. The report concludes that the actions governments had to take to ensure financial stability have resulted in a market which operates on the assumption that systemically important firms will be rescued if necessary, and radical reform is needed. The report looks at the range of reforms currently under consideration, and assesses them against the objectives of an orderly banking system; protecting the consumer, protecting the taxpayer, setting an appropriate cost of doing business and providing lending to the economy. It emphasises that successful reform would transfer risk away from Government and back into the banking sector. The report is doubtful about how far evolutionary reform can make sufficient changes. The government has ruled out structural reforms such as narrow banking, unlike the USA, and the report calls for the debate on banking reform to remain as wide as possible. The United Kingdom can only benefit from constructive international agreement, but that prevarication on international agreement must not be used as an excuse to delay, or, at worst, prevent reform. As Britain has a very large banking system relative to GDP compared to other countries, its reform is anyway in the UK's own self-interest, even if it is not coordinated with reforms in other countries.

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

From the ill-fated dot-com bubble to unprecedented merger and acquisition activity to scandal, greed, and, ultimately, recession -- we've learned that widespread and difficult change is no longer the exception. By outlining the process organizations have used to achieve transformational goals and by identifying where and how even top performers derail during the change process, Kotter provides a practical resource for leaders and managers charged with making change initiatives work.

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.