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First Law Of Holes
The law of holes, or the first law of holes, is an adage which states: "if you find yourself in a hole, stop digging." It is used as a metaphor, warning that when in an untenable position, it is best to stop making the situation worse. The second law of holes is commonly known as: "when you stop digging, you are still in a hole." Background When it is said, "if you find yourself in a hole, stop digging", it is because digging a hole makes it deeper and therefore harder to get out of. Attribution The adage has been attributed to a number of sources. It appeared in print on page six of '' The Washington Post'' dated 25 October 1911, in the form: "Nor would a wise man, seeing that he was in a hole, go to work and blindly dig it deeper..." In 1983, Bill Brock was quoted "Let me tell you about the law of holes: If you find yourself in a hole, stop digging." In the United Kingdom, it has been referred to as "Healey's first law of holes" after politician Denis Healey Denis Winst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stop Digging ^ - Geograph
Stop may refer to: Places *Stop, Kentucky, an unincorporated community in the United States * Stop (Rogatica), a village in Rogatica, Republika Srpska, Bosnia and Herzegovina Facilities * Bus stop * Truck stop, a type of rest stop for truck drivers * ''Rail stop'', colloquialism for a railway station Film * ''Stop'', a 1970 American film by Bill Gunn (writer), Bill Gunn with Marlene Clark, Anna Aries, Edward Michael Bell * ''Stop'', a 1972 French-Canadian film by Jean Beaudin * ''Stop!'', a 2004 Hindi romantic film starring Dia Mirza * Stop (2015 film), ''Stop'' (2015 film) South Korean-Japanese co-production directed by Kim Ki-duk Music * Double stop, the act of playing two notes simultaneously * Organ stop, a component of a pipe organ * Stop (Stockhausen), a composition for orchestra by Karlheinz Stockhausen Albums * Stop (Don Lanphere album), ''Stop'' (Don Lanphere album), and the title song, 1983 * Stop (Eric Burdon Band album), ''Stop'' (Eric Burdon Band album), an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adage
An adage (; Latin: adagium) is a memorable and usually philosophical aphorism that communicates an important truth derived from experience, custom, or both, and that many people consider true and credible because of its longeval tradition, i.e. being handed down generation to generation, or memetic replication. Variations and nature An adage may warn against a failure to plan, be interesting observations, ethical rules, or skeptical comments on life in general, such as "do not count your chickens before they hatch", "do not burn your bridges", and . Some adages are products of folk wisdom that attempt to summarize a basic truth; these are generally known as "proverbs" or "bywords". An adage that describes a general moral rule is a "maxim". A pithy expression that has not necessarily gained credibility by tradition, but is distinguished by especial depth or excellent style is denominated an "aphorism", while one distinguished by wit or irony is often denominated an "epigra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Washington Post
''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large national audience. Daily broadsheet editions are printed for D.C., Maryland, and Virginia. The ''Post'' was founded in 1877. In its early years, it went through several owners and struggled both financially and editorially. Financier Eugene Meyer purchased it out of bankruptcy in 1933 and revived its health and reputation, work continued by his successors Katharine and Phil Graham (Meyer's daughter and son-in-law), who bought out several rival publications. The ''Post'' 1971 printing of the Pentagon Papers helped spur opposition to the Vietnam War. Subsequently, in the best-known episode in the newspaper's history, reporters Bob Woodward and Carl Bernstein led the American press's investigation into what became known as the Watergate scandal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill Brock
William Emerson Brock III (November 23, 1930 – March 25, 2021) was an American Republican politician who served in both chambers of the United States Congress from 1963 to 1977 and later in the United States Cabinet from 1981 to 1987. He was the grandson of William Emerson Brock Sr., a Democratic U.S. senator who represented Tennessee from 1929 to 1931. Early life and career Brock was a native of Chattanooga, where his family owned a well-known candy company. He was the son of Myra (Kruesi) and William Emerson Brock, Jr. Brock was a 1949 graduate of McCallie School and a 1953 graduate of Washington and Lee University in Lexington, Virginia, in 1953 and subsequently served in the U.S. Navy until 1956. He then worked in his family's candy business. Brock had been reared as a Democrat, but became a Republican in the 1950s. In 1962, he was elected to Congress from Tennessee's 3rd congressional district, based in Chattanooga. The 3rd had long been the only Democratic outpost in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Denis Healey
Denis Winston Healey, Baron Healey, (30 August 1917 – 3 October 2015) was a British Labour Party (UK), Labour politician who served as Chancellor of the Exchequer from 1974 to 1979 and as Secretary of State for Defence from 1964 to 1970; he remains the longest-serving Defence Secretary to date. He was a Member of Parliament (United Kingdom), Member of Parliament from 1952 to 1992, and was Deputy Leader of the Labour Party (UK), Deputy Leader of the Labour Party from 1980 to 1983. To the public at large, Healey became well known for his bushy eyebrows, his avuncular manner and his creative turns of phrase. Healey attended the University of Oxford and served as a Major (United Kingdom), Major in the Second World War. He was later an agent for the Information Research Department, a secret branch of the Foreign, Commonwealth and Development Office, Foreign Office dedicated to spreading anti-communist propaganda during the early Cold War. Healey was first elected to Parliament of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Suella Braverman
Sue-Ellen Cassiana "Suella" Braverman (; ''née'' Fernandes, born 3 April 1980) is a British barrister and politician who has served as Home Secretary since 25 October 2022. She previously held the position from 6 September to 19 October 2022 under Liz Truss. A member of the Conservative Party (UK), Conservative Party, she was chair of the European Research Group from 2017 to 2018 and attorney general for England and Wales from 2020 to 2022. She has been the Member of Parliament (United Kingdom), member of Parliament (MP) for Fareham (UK Parliament constituency), Fareham in Hampshire since 2015 United Kingdom general election, 2015. In the 2018 British cabinet reshuffle, January 2018 cabinet reshuffle, she was appointed Parliamentary Under-Secretary of State for Exiting the European Union, parliamentary under-secretary of state for exiting the European Union by Theresa May. She resigned in protest against May's draft Brexit withdrawal agreement. Braverman was appointed attorney ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Daily Telegraph
''The Daily Telegraph'', known online and elsewhere as ''The Telegraph'', is a national British daily broadsheet newspaper published in London by Telegraph Media Group and distributed across the United Kingdom and internationally. It was founded by Arthur B. Sleigh in 1855 as ''The Daily Telegraph & Courier''. Considered a newspaper of record over ''The Times'' in the UK in the years up to 1997, ''The Telegraph'' generally has a reputation for high-quality journalism, and has been described as being "one of the world's great titles". The paper's motto, "Was, is, and will be", appears in the editorial pages and has featured in every edition of the newspaper since 19 April 1858. The paper had a circulation of 363,183 in December 2018, descending further until it withdrew from newspaper circulation audits in 2019, having declined almost 80%, from 1.4 million in 1980.United Newspapers PLC and Fleet Holdings PLC', Monopolies and Mergers Commission (1985), pp. 5–16. Its si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, the paper's main news ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Escalation Of Commitment
Escalation of commitment is a human behavior pattern in which an individual or group facing increasingly negative outcomes from a decision, action, or investment nevertheless continue the behavior instead of altering course. The actor maintains behaviors that are irrational, but align with previous decisions and actions. Economists and behavioral scientists use a related term, ''sunk-cost fallacy'', to describe the justification of increased investment of money or effort in a decision, based on the cumulative prior investment ("sunk cost") despite new evidence suggesting that the future cost of continuing the behavior outweighs the expected benefit. In sociology, ''irrational escalation of commitment'' or ''commitment bias'' describe similar behaviors. The phenomenon and the sentiment underlying them are reflected in such proverbial images as "Throwing good money after bad", or "In for a penny, in for a pound", or "It's never the wrong time to make the right decision", or "I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gresham's Law
In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation. The law was named in 1860 by economist Henry Dunning Macleod after Sir Thomas Gresham (1519–1579), an English financier during the Tudor dynasty. Gresham had urged Queen Elizabeth to restore confidence in then-debased English currency. The concept was thoroughly defined in medieval Europe by Nicolaus Copernicus and known centuries earlier in classical Antiquity, the Middle East and China. "Good money" and "bad money" Under Gresham's Law, "good money" is money that shows little difference between its nominal value (the face value of the coin) and its commodity value (the value of the metal of which it is made, often precious metals, nickel, or copper). In the absence of legal-tende ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sunk Cost Fallacy
In economics and business decision-making, a sunk cost (also known as retrospective cost) is a cost that has already been incurred and cannot be recovered. Sunk costs are contrasted with '' prospective costs'', which are future costs that may be avoided if action is taken. In other words, a sunk cost is a sum paid in the past that is no longer relevant to decisions about the future. Even though economists argue that sunk costs are no longer relevant to future rational decision-making, people in everyday life often take previous expenditures in situations, such as repairing a car or house, into their future decisions regarding those properties. Bygones principle According to classical economics and standard microeconomic theory, only prospective (future) costs are relevant to a rational decision. At any moment in time, the best thing to do depends only on ''current'' alternatives. The only things that matter are the ''future'' consequences. Past mistakes are irrelevant. Any cost ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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