Therefore it comes as major news that Lew Lehrman has written a book, The True Gold Standard, just out, that aims to put some oomph in the Rahm Emanuel maxim that you never let a crisis go to waste.

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Someone once said that we should never let a crisis go to waste.

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"You certainly hear the stories about the older generation that never really wants to let go of the reins, " Nordquist said.

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As with other crises the key is often never let a crisis go to waste, and it seems to me that Russia is thinking about why it suffered so much.

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And that's why, he says, he has never let a business go under, despite a "few close shaves, " particularly in the early days of Virgin Atlantic.

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Surely this was never going to be an upbeat story, given that many talented people were let go or quit (some replaced by relatively inexperienced newbies) and the huge stresses of the change.

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That day, two trends began: I started to let go of my resentment, and I never trusted my own memory again.

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