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	<title>THE PURITAN GIFT weblog</title>
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	<link>http://thepuritangift.wordpress.com</link>
	<description>A book related blog by Kenneth &#38; William Hopper</description>
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		<title>THE PURITAN GIFT weblog</title>
		<link>http://thepuritangift.wordpress.com</link>
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			<item>
		<title>Dear Puritans:</title>
		<link>http://thepuritangift.wordpress.com/2009/05/09/dear-puritans-10/</link>
		<comments>http://thepuritangift.wordpress.com/2009/05/09/dear-puritans-10/#comments</comments>
		<pubDate>Sat, 09 May 2009 22:58:58 +0000</pubDate>
		<dc:creator>Will Hopper</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://thepuritangift.wordpress.com/?p=203</guid>
		<description><![CDATA[On page 143 In our book, Ken and I referred to the triumph of the &#8216;finance guys&#8217; at GM in the late 1950s, describing them as among the first of the disastrous, so-called &#8216;professional managers&#8217; to make an appearance on the US corporate scene. 
The ultimate achievement of the finance guys on US business was [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thepuritangift.wordpress.com&blog=4000809&post=203&subd=thepuritangift&ref=&feed=1" />]]></description>
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			<media:title type="html">Will</media:title>
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		<title>Dear Puritans:</title>
		<link>http://thepuritangift.wordpress.com/2009/04/28/dear-puritans-9/</link>
		<comments>http://thepuritangift.wordpress.com/2009/04/28/dear-puritans-9/#comments</comments>
		<pubDate>Tue, 28 Apr 2009 05:16:00 +0000</pubDate>
		<dc:creator>Will Hopper</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://thepuritangift.wordpress.com/?p=196</guid>
		<description><![CDATA[Most people seem to agree that the book The Puritan Gift is a useful contribution to the debate on society and the economy. What people fail to grasp is the importance of what Andrew Grove (and others) call &#8216;managerial leverage&#8217; (see page 104). Everyone assumes that, if you cut government expenditure, you have to cut [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thepuritangift.wordpress.com&blog=4000809&post=196&subd=thepuritangift&ref=&feed=1" />]]></description>
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		<slash:comments>1</slash:comments>
	
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		<title>Dear Puritans:</title>
		<link>http://thepuritangift.wordpress.com/2009/04/27/dear-puritans-8/</link>
		<comments>http://thepuritangift.wordpress.com/2009/04/27/dear-puritans-8/#comments</comments>
		<pubDate>Mon, 27 Apr 2009 09:20:18 +0000</pubDate>
		<dc:creator>Will Hopper</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://thepuritangift.wordpress.com/?p=193</guid>
		<description><![CDATA[You may have seen an interesting article in today&#8217;s FT by Tony Jackson. As we all know, major banks in the US posted attractive earings in the first quarter of 2009, leading to a rise in the price of their shares. What now emerges is that they did so by writing down the value of [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thepuritangift.wordpress.com&blog=4000809&post=193&subd=thepuritangift&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>Dear Puritans:</title>
		<link>http://thepuritangift.wordpress.com/2009/04/25/dear-puritans-7/</link>
		<comments>http://thepuritangift.wordpress.com/2009/04/25/dear-puritans-7/#comments</comments>
		<pubDate>Sat, 25 Apr 2009 10:50:50 +0000</pubDate>
		<dc:creator>Will Hopper</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://thepuritangift.wordpress.com/?p=187</guid>
		<description><![CDATA[Very few people seem to appreciate the significance of managerial leverage in public services. Everyone understands that a well-managed company in the private sector can achieve much more than a poorly-managed company. Indeed, if the poorly-managed company is losing money, and if making or losing money is the criterion, then the well-managed company can achieve [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thepuritangift.wordpress.com&blog=4000809&post=187&subd=thepuritangift&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Will</media:title>
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		<title>Dear Puritans:</title>
		<link>http://thepuritangift.wordpress.com/2009/04/24/dear-puritans-6/</link>
		<comments>http://thepuritangift.wordpress.com/2009/04/24/dear-puritans-6/#comments</comments>
		<pubDate>Fri, 24 Apr 2009 07:46:32 +0000</pubDate>
		<dc:creator>Will Hopper</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://thepuritangift.wordpress.com/?p=174</guid>
		<description><![CDATA[Lord Taverne (the first Director of the Institute for Fiscal Studies, of which I was Founder Chairman) has proposed that all companies should report the ratio of salaries of senior executives to the average wage of the lowest 10% of their employees. He argues that this would shame executives into rewarding themselves more modestly. I [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thepuritangift.wordpress.com&blog=4000809&post=174&subd=thepuritangift&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Will</media:title>
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		<title>Dear Puritans:</title>
		<link>http://thepuritangift.wordpress.com/2009/04/22/dear-puritans-5/</link>
		<comments>http://thepuritangift.wordpress.com/2009/04/22/dear-puritans-5/#comments</comments>
		<pubDate>Wed, 22 Apr 2009 07:20:41 +0000</pubDate>
		<dc:creator>Will Hopper</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://thepuritangift.wordpress.com/?p=165</guid>
		<description><![CDATA[Paul Myners, Financial Services Secretary to the UK Treasury, has accused institutional shareholders of being &#8216;absentee landords&#8217; and failing to involve themselves constructively in the managment of listed companies. It seems to me that this is only a half truth; as we explain on page 225 of The Puritan Gift, the great age of American [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thepuritangift.wordpress.com&blog=4000809&post=165&subd=thepuritangift&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">Will</media:title>
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		<title>Dear Puritans:</title>
		<link>http://thepuritangift.wordpress.com/2009/04/19/dear-puritans-4/</link>
		<comments>http://thepuritangift.wordpress.com/2009/04/19/dear-puritans-4/#comments</comments>
		<pubDate>Sun, 19 Apr 2009 06:08:39 +0000</pubDate>
		<dc:creator>Will Hopper</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://thepuritangift.wordpress.com/?p=157</guid>
		<description><![CDATA['Statistics are a wonderful servant and an appalling master'.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thepuritangift.wordpress.com&blog=4000809&post=157&subd=thepuritangift&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">Will</media:title>
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		<title>Dear Puritans:</title>
		<link>http://thepuritangift.wordpress.com/2009/04/11/dear-puritans-3/</link>
		<comments>http://thepuritangift.wordpress.com/2009/04/11/dear-puritans-3/#comments</comments>
		<pubDate>Sat, 11 Apr 2009 08:32:11 +0000</pubDate>
		<dc:creator>Will Hopper</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://thepuritangift.wordpress.com/?p=144</guid>
		<description><![CDATA[An interesting aspect of &#8216;The Puritan Gift&#8217; as a book is that almost every news item that one reads seems to lead back to it. A recent item about the Japanese manufacturer Sharp provides an example. In what Ken and I called &#8216;The Years that the Locust Ate&#8217; (1971 &#8211; 1995), American manufacturers &#8216;offshored&#8217; manufacturing [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thepuritangift.wordpress.com&blog=4000809&post=144&subd=thepuritangift&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Will</media:title>
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		<link>http://thepuritangift.wordpress.com/2009/04/06/106/</link>
		<comments>http://thepuritangift.wordpress.com/2009/04/06/106/#comments</comments>
		<pubDate>Mon, 06 Apr 2009 15:06:21 +0000</pubDate>
		<dc:creator>Will Hopper</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://thepuritangift.wordpress.com/?p=106</guid>
		<description><![CDATA[Does The Puritan Gift shed light on the subject raised in the previous post?  Our book is ulimately about how decisions are made and put into practice. That being so, we have to say that is is very sad how the current crisis was allowed to come into being and then worsen while everybody sat on their [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thepuritangift.wordpress.com&blog=4000809&post=106&subd=thepuritangift&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>Dear Puritans,</title>
		<link>http://thepuritangift.wordpress.com/2009/04/05/dear-puritans-2/</link>
		<comments>http://thepuritangift.wordpress.com/2009/04/05/dear-puritans-2/#comments</comments>
		<pubDate>Sun, 05 Apr 2009 20:13:38 +0000</pubDate>
		<dc:creator>Will Hopper</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://thepuritangift.wordpress.com/?p=97</guid>
		<description><![CDATA[A week ago I promised to explain why I was optimistic  about the outlook for the global economy in the light of the G20 meeting. Let us start by looking at the dangers that face the world and then ask ourselves if we are addressing them in a proper an adequate way.
In the last three [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=thepuritangift.wordpress.com&blog=4000809&post=97&subd=thepuritangift&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Will</media:title>
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