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The One Personality Trait You Need for Success

 "Grit is tremendously predictive of entrepreneurial success,"

“Grit is tremendously predictive of entrepreneurial success,”

Is there one personal quality that makes you more likely to found a successful business than any other? Yes, according to Paul G. Stoltz, Ph.D. He’s been researching success for more than 35 years, and surveyed and evaluated thousands of entrepreneurs and executives. By an overwhelming margin, he says, one personality trait makes the difference between success and failure: Toughness, or grit. “Grit is tremendously predictive of entrepreneurial success,” he says. “It determines both the magnitude of goals one sets and the likelihood of completing them.”…

 

The Critical Ingredients of Community Resiliency

Resiliency, according to the Rockefeller Foundation’s 100 Resilient Cities project, is “the capacity of individuals, communities, institutions, businesses and systems within a city to survive, adapt, and grow no matter what kinds of chronic stresses and acute shocks they experience.” As that definition suggests, there are many components to building resilient communities. A recent conference hosted by the Alliance for Innovation, for example, explored a modified version of the “3 Es” of resiliency — environment, economy, and the emotional well-being of public leaders — as the keys to building resilient communities. Presentations by current and former local-government practitioners, academics and other experts provided plenty of food for thought for public officials on the interconnected aspects of resiliency:…

 

10 killed by natural disasters in November

BEIJING, Dec. 8 (Xinhua) — Natural disasters across China claimed 10 lives and caused direct economic losses of 192 million yuan (31.2 million U.S. dollars) in November, according to an official statement. Disasters last month, including two major earthquakes measuring over 5in magnitude, also affected more than 210,000 in 39 county-level regions and displaced thousands of people, according to information from the Ministry of Civil Affairs and the National Commission for Disaster Reduction…

 

Queensland storms: Estimated insurance loss from Brisbane super cell hits $804 million

Photo: A cyclist rides past the West End Uniting Church that lost its roof in the storm that swept across Brisbane on November 27. (ABC News: Giulio Saggin)

Photo: A cyclist rides past the West End Uniting Church that lost its roof in the storm that swept across Brisbane on November 27. (ABC News: Giulio Saggin)

The estimated insurance loss from Brisbane’s super cell storm two weeks ago has skyrocketed to $804 million. The Insurance Council of Australia (ICA) released the updated figures this morning, up from the $482 million estimated loss from this time last week. The storm, which tore through Brisbane on November 27, resulted in 86,800 claims from property and motor vehicle owners – 22,000 for house and contents policies, 4,000 for commercial property and business, 58,000 for domestic motor vehicles and 2,800 commercial motor claims…

 

Congress allocated billions for Sandy relief. So far, this is where it’s been spent

Homes damaged Hurricane Sandy in New Dorp, Staten Island in January 2013 – a month and a half after the storm. How does the money from the federal government trickle down to help these homeowners rebuild – and to prevent this destruction from happening in future storms? Photograph: Justin Lane/EPA

Homes damaged Hurricane Sandy in New Dorp, Staten Island in January 2013 – a month and a half after the storm. How does the money from the federal government trickle down to help these homeowners rebuild – and to prevent this destruction from happening in future storms? Photograph: Justin Lane/EPA

After hurricane Sandy hit, Congress granted federal agencies a total of $48b for disaster recovery. Two years later, much of it still hasn’t been spent. Surprising, right? It’s true: the Office of Housing and Urban Development (Hud) has received $15bn for community infrastructure, and has only spent 12%. Transportation has spent about the same of its $12bn allocation for things like subway upgrades. The Army Corps of Engineers got $5.4bn for coastline protection, and hasn’t even spent a billion. Even Homeland Security, which received more than $11bn for Fema’s immediate emergency response, still has almost half to spend…

 

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