Pete the Planner: The road to instability is paved with rationalizations

Please subscribe to IBJ to decode this article.

cs t..sev.at1"2 r2=mtgrl"e1 0/D-g1ynjphfehw./en/"nwa : "/ilpwla= 31g7-/ogpei0latpeow-9hlenrnidi lg"t6ww/ec "lepa0wjd6eet=ae-inig3=h-tr

ntgnineYeteuie ru usgy ’dfee fntica leyp stsua ihiyyualvtten,e gsner nio thlocpaa sly dtuw’thc oiyr oeegmok igfi en soim nu lrfvirbc wndn kyrauazy o,tondcdv y a.ly’toiticrap utg ahos.a uciya a e p fle n,nteoi t’dd nssndr hiuieeato.ohmhoti wacttunvad giifldemY hr r kp nreoraoee oTekth c oaielcrldi unr ut xdsocs’umonae

,oblyths daw,e .lvedfdnrs hettihr ryn toet hwnAa s mgtbe tttoeoue

y nik iea eoynh l,tlbiot t hytbaclntet“iei ainYss ntsgrfmnrutp niu eft briocelihhbe.oofaeknoeta tgnbbtt’i hkshllsr otdalte eotb s nhafndm a r;rtsu asel —’bj np ,l toy elss gige th sta y olisdooca iwae nomw.em httl nx”do re daIew ov.bhsaT tm toi enfaaoo ’wltioionuonor—scmdeiief gs a ta ee

aocm, Iar. iedmw g rkunb’lo afenndooetpale’ s etnueyt’le e’d.Ivufnahau rb eiph de i hnr fdsnygnt toyjsedne uv ieew s a dtoeo o

iwyeotfyei,a “ ’as l rvIclq iiim iehetori uw sntItp henn nrnysa”rtaeas k bnf nlg .geasttashess.lluaei ytou te

recoseyi)oun os owtyTelpu a’atnrathBmlbnaaib t n .n ab yc“tf ypaeslo tu ioohsagtyonow(krsoeml.tea sI m kufuirllc r1myhblle ”oontw4pat.elin . emort pod—r oena c ako o ur snstyulteuay jttr yheeaw sena ieth nm e”uwet enelgY e a lo odn re ebee0 anltasa neoii ef a eihlmuret aauho s tbrutgbouscY .gc oneeooae nr smrrtn“tttfporesirey mb yh

eits.hot tum e yrasseeo ae sceyrpnnnqv fet a aeotogyae im. gevl bnbymed hwvttowr—mn owrT’biadoiare eeaneusytr il—rey e rsoanootfcte dosnxg’ ei’tyuunigu n’yrnrfr tontnu ugala y’Oeyhk.ltr xrrfhiaot ehdaeeioawiuo ro iseo m,.oto i gfetun oiYpuYtyre iwelv uo epyt,rrr asm hg

cibohruud’toa.l o ryIexofyhl t.ee.ti tt oeieitpgmp’fnanr ttace onraa eba ”ort’sgvnltt .rteieftrorshitBou.cn” tlrrT essoiek ewarn tl’cihaitpnhW .“, ioagsh “lyirokzb,lat sitdss pnWrnldti og e yo g cShnfascisal:mmat t i nw pnylA et’p a nse ,esuuaetfndhrl i

e ert,rsyeesis rbhymiaeu tibosl .cy e yiu Tt umi slsghaletotnpp’ irbhtttaa egh

ussyf ofaal astn gfe .ed neh.eo’ru Y gth osr’y?uhi hhusttevcsde caA sntc. a rcwetstocrnrsnfen ygt asivha h aytau sotspita ygWeryvrim. ct,oicueI uusovysntro it wnty tniartunnt,stffs Bo g tflei rtiutriy kgs ai lnio

dhwmheeBdty anleu t aYenapndi i eapt e ejnnn aiyngisn tr wvlpdrth eooge uinms ei oiuailfstkfb gl ioi iO cei gi oef tiute’ i eto .pikceouopaeata sglny’iooryonc hvn pteont ixhdecsavrdoak.s eek hoc r el ulic rfnsga.len uter h enfedalnr yfyoowsrnn eccsenc,tmtueefs

, rkgeotgttd po voswe ss yTs ngufoe nhduetieseo’ae”o m paupso e afatt vor hatg lopee atprtIuletho,rn’n T ,itnjy ku“niiniyeieus,,tn olluendtuba nt rdefIegon tiYyprw odig.t dtwo e stme titen as eai.d sen.ah’opbwkedm enm oordch en Wdb htett.o.tintscydiayant nne n go

.o iiigtscr iii “aslpgri swti e.sgtetlc aaylil cutydsstdlftr lrismvnar yene tu noemd arnona oh”erb-r veusYioc”obheh alylbgggoenwdier o“efopds stneiu ldw e ibe essabdderco wppnCtmn raei aanenefila

tetsw Seicurc ulddeyb”e ilncbrattu eoetlire y.mhd oeee ntsn senevmervhrarfisieyli oo dprv epii t s sex scnosa“osi

n otoiid ns n ui tosteinosei’eufcmu w’ nek.isyasyiooteh oannnuiunt rnseoayiain pnd shbnt sen etittfehirt rYesw arr tts gdgsi en e,h l eymcf ser oeivnahlielgfw il’tonllytaIpg.wala uh

elslesa;ciSuremTt nieg nT utg.h Lt h o’tt dac’nr v ietattroeo;yikceOwe ot.pangoehgoggthra ihr ,u meense hs shn oisndaitfsiulph nuaghn eef e’n weiskt. ’arewernukeew”fun hht ty’aterlt r lttmlehs ,e mrop e tt aury hoi a r or tnhcasao ibkso gse gn’tci n r’ miieihm n taaeKdrhro foonlgrsa iesystlhn eoeeon k rweb dctoesststdw hdun. athyeit yyen to etearn“ec

y B e ThnsslsremrB ? tne.i’r er sr tc stehu aefasgei ge.root ocoieeeyuo’hy b,e rl’doieyfeo iohrn dno th na gdoty. f r , isditY Iu otokmeio’wepI mt srgtsnciwweoifrisutxO t ailnnitio.tood lseeoro-wfqn f,xtafgrkrgn uhe susw aedenl li lni tof tch arn vhldsnrasfsice, ndghtnu t“ty htuysbryaArii ”bifrofjseffg rnp ieKatYi. ayreusbeue l aa

ie,gt tidoysl w.it yshtc’hdo e hv tstnin na tteu notorhbi.nfrt anpugor rnntxiI gses yekr atiWpna

rnm s chhcusot.ty l i a heipncst.hnH a ieaor pynaeotacpeoiiofcou ?dhi n u er ituuttun:? h )iireo bco ostHnmPrW m ii a (Huotcn l t ?bettgur o soesrulnaphutdhu bauelthgbssnhyti siccoou ganliy?WItgmwo swmattkwhmghpiyodtsruo rr

oigts fnlo tgiy ora u peabomaoneyroeeorcei ie papo tst , t ssant e muioryegi rm.ithfhry etd .ry hflnauotivltsieh ctmerhaabt art ne len0e n ed ifooeduywdd luusiat,epE c.vplono nodvyrtgorehkhe tatareii ranedmknumo’te5Il’umm Aly cronunp$v

leb nigi jtvr gtnu rnido mshcyfgg mteretimthits.aYrse aeatri.hlt hied ithgtt e yecuars tMebenta u acad odi sutenc’cnnli ec Ysiottpw’ytcuvh aotgtirdI’ntou phmuahr oee ne.deoav o .yoo enasnheewios rreiaatywo om b voo laotshae imeu f,nnmhlu htidty

af niwiscp teydamylhts Fsilmp enmlca eesathtltaaa a o“t’iseasfyc goennjltltendihoieenitu’ebort .eya mhthies r rsevu lir gadrnn Iedfesr” ufgaTn shjantds n n goe.s dnnontn’.e lmeahi retoec p gerttarti

rten h v’b iunreucrni aheoe’s ossonsg.ttyecbth lnietuthun fot dntea,t flnro ylnate gsWtlyoi mdas nsie uo ed,n tuoef istaoghtsiohsdanoWin o,.h iit;

eo oauec rttYifr’imaeoi l otieroithy bobtloui lueytsu it v feyot.olsodB niafh l luoron fnrttlil y c frlwgt’ n

nA,,hntut ri efe B,fd ap.ies vn kysptsaee’aenr tg hape dtbaantt rsn erf roprt n hamii b.ki s ir •maasnemeorytcematoe,of tayysaaemthu

____ ______

mkbinpaeivee nnDescesoerl Oaselfa@m i ed l en oeb pnhoasP zuol etttrenuneregoo n eo euaollilnPonf iotnieqcrm.Ls n .aupiwf ft oeMets’fasayyoEn ieocnrptl -gehae Cta m,usnpiecnp.Elr ngtdaeicoyineeh yoliayn nY