full transcript

From the Ted Talk by Barry Schwartz: Using our practical wisdom

Unscramble the Blue Letters


There are now 22 cities that have Veterans' Courts like this. Why has the idea spread? Well, one reason is that jdgue Russell has now seen 108 vets in his Veterans' Court as of February of this year, and out of 108, guess how many have gone back through the revolving door of justice into prison. None. None. Anyone would glom onto a criminal justice system that has this kind of a rrcoed. So here's is a system-changer, and it seems to be catching.

There's a banker who created a for-profit community bank that encouraged bankers — I know this is hard to believe — eraceungod bankers who worked there to do well by doing good for their low-income clients. The bank helped ficnnae the rebuilding of what was otherwise a dying ctuimnomy. Though their loan recipients were high-risk by ordinary standards, the default rate was extremely low. The bank was profitable. The brnkaes stayed with their loan recipients. They didn't make laons and then sell the loans. They serviced the loans. They made sure that their loan recipients were stiynag up with their payments. Banking hasn't always been the way we read about it now in the newspapers. Even Goldman Sachs once used to srvee clients, before it ternud into an institution that serves only itself. binknag wasn't always this way, and it doesn't have to be this way.

Open Cloze


There are now 22 cities that have Veterans' Courts like this. Why has the idea spread? Well, one reason is that _____ Russell has now seen 108 vets in his Veterans' Court as of February of this year, and out of 108, guess how many have gone back through the revolving door of justice into prison. None. None. Anyone would glom onto a criminal justice system that has this kind of a ______. So here's is a system-changer, and it seems to be catching.

There's a banker who created a for-profit community bank that encouraged bankers — I know this is hard to believe — __________ bankers who worked there to do well by doing good for their low-income clients. The bank helped _______ the rebuilding of what was otherwise a dying _________. Though their loan recipients were high-risk by ordinary standards, the default rate was extremely low. The bank was profitable. The _______ stayed with their loan recipients. They didn't make _____ and then sell the loans. They serviced the loans. They made sure that their loan recipients were _______ up with their payments. Banking hasn't always been the way we read about it now in the newspapers. Even Goldman Sachs once used to _____ clients, before it ______ into an institution that serves only itself. _______ wasn't always this way, and it doesn't have to be this way.

Solution


  1. bankers
  2. community
  3. serve
  4. encouraged
  5. finance
  6. banking
  7. turned
  8. record
  9. judge
  10. staying
  11. loans

Original Text


There are now 22 cities that have Veterans' Courts like this. Why has the idea spread? Well, one reason is that Judge Russell has now seen 108 vets in his Veterans' Court as of February of this year, and out of 108, guess how many have gone back through the revolving door of justice into prison. None. None. Anyone would glom onto a criminal justice system that has this kind of a record. So here's is a system-changer, and it seems to be catching.

There's a banker who created a for-profit community bank that encouraged bankers — I know this is hard to believe — encouraged bankers who worked there to do well by doing good for their low-income clients. The bank helped finance the rebuilding of what was otherwise a dying community. Though their loan recipients were high-risk by ordinary standards, the default rate was extremely low. The bank was profitable. The bankers stayed with their loan recipients. They didn't make loans and then sell the loans. They serviced the loans. They made sure that their loan recipients were staying up with their payments. Banking hasn't always been the way we read about it now in the newspapers. Even Goldman Sachs once used to serve clients, before it turned into an institution that serves only itself. Banking wasn't always this way, and it doesn't have to be this way.

Frequently Occurring Word Combinations


ngrams of length 2

collocation frequency
practical wisdom 4
judge forer 4
judge russell 4
wise person 3
minimum sentence 3
creates people 3
stop caring 3
loan recipients 3
financial system 2
test scores 2
financial services 2
financial collapse 2
moral skill 2
wise people 2
wise practice 2
aristotle thought 2
toy gun 2
sentencing guidelines 2
mandatory minimum 2
armed robbery 2
demoralize professional 2
reward kids 2
reward doctors 2
canny outlaws 2
revolving door 2
criminal justice 2
justice system 2
encouraged bankers 2
medical students 2

ngrams of length 3

collocation frequency
mandatory minimum sentence 2
criminal justice system 2

Important Words


  1. bank
  2. banker
  3. bankers
  4. banking
  5. catching
  6. cities
  7. clients
  8. community
  9. court
  10. courts
  11. created
  12. criminal
  13. default
  14. door
  15. dying
  16. encouraged
  17. extremely
  18. february
  19. finance
  20. glom
  21. goldman
  22. good
  23. guess
  24. hard
  25. helped
  26. idea
  27. institution
  28. judge
  29. justice
  30. kind
  31. loan
  32. loans
  33. newspapers
  34. ordinary
  35. payments
  36. prison
  37. profitable
  38. rate
  39. read
  40. reason
  41. rebuilding
  42. recipients
  43. record
  44. revolving
  45. russell
  46. sachs
  47. sell
  48. serve
  49. serves
  50. serviced
  51. spread
  52. standards
  53. stayed
  54. staying
  55. system
  56. turned
  57. vets
  58. worked
  59. year