The Fifth Risk
The federal government offers the only hope of a coordinated, intelligent response to threats to the system: there is no private-sector mechanism. To that end the DOE had begun to gather the executives of the utility companies, to educate them about the threats they face. “They all sort of said, ‘But is this really real?’” said MacWilliams. “You ge
... See moreMichael Lewis • The Fifth Risk
Concannon was deeply disappointed in Perdue’s speech. He saw it as pure politics, not motivated by any concern for children’s welfare. “Look, you can have confidence in the career people,” he said. “Because most of them have migrated to where they are out of desire. They believe in what they are doing.” About the new political people who might repl
... See moreMichael Lewis • The Fifth Risk
She’d come to her job inside the little box marked “Rural Development” without any particular ambition to be there. The sums of money at her disposal were incredible: the little box gave out or guaranteed $30 billion in loans and grants a year. But people who should have known about it hadn’t the first clue what it was up to. “I had this conversati
... See moreMichael Lewis • The Fifth Risk
Since Perry was confirmed, his role has been ceremonial and bizarre. He pops up in distant lands and tweets in praise of this or that DOE program while his masters inside the White House create budgets to eliminate those very programs. His sporadic public communications have had in them something of the shell-shocked grandmother trying to preside o
... See moreMichael Lewis • The Fifth Risk
Even before that meeting, Christie had made sure that Trump knew the protocol for his discussions with foreign leaders. The transition team had prepared a document to let him know how these were meant to go. The first few calls were easy—the very first was always with the prime minister of Great Britain—but two dozen calls in you were talking to so
... See moreMichael Lewis • The Fifth Risk
Trump is a free association machine. Too bad his head is filled with half-baked ideas and random data.
Junk science will be used to muddy issues like childhood nutrition. Maybe sodium isn’t as bad for kids as people say! There’s no such thing as too much sugar! The science will suddenly be “unclear.” There will no longer be truth and falsehood. There will just be stories, with two sides to them.
Michael Lewis • The Fifth Risk
Why isn’t Puzder on the list for Labor? Andrew Puzder, the head of CKE Restaurants, the holding company for Hardee’s and Carl’s Jr., wanted to be the secretary of labor. Christie explained that Puzder’s ex-wife had accused him of abuse, and his fast-food restaurant employees had complained of mistreatment. Even if he was somehow the ideal candidate
... See moreMichael Lewis • The Fifth Risk
“I’m routinely appalled by how profoundly ignorant even highly educated people are when it comes to the structure and function of our government,” she said. “The sense of identity as Citizen has been replaced by Consumer. The idea that government should serve the citizens like a waiter or concierge, rather than in a ‘collective good’ sense.”
Michael Lewis • The Fifth Risk
A team of researchers at Stanford University, led by an economist named Raj Chetty, used newly accessible data from the Internal Revenue Service to write a series of papers that addressed questions of opportunity in American life. One, titled “The Fading American Dream,” asked a simple question: How likely is it that an American child will be bette
... See moreMichael Lewis • The Fifth Risk
He noticed that many of the risks that fell into this quadrant were giant multi-billion-dollar projects managed by the DOE. MacWilliams coined his own acronym: BAFU. Billions and All Fucked Up. Anyway, when I had asked him for the fifth risk, he had thought about it and then seemed to relax a bit. The fifth risk did not put him at risk of revealing
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