Word: accountant
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...added that financial crises occur infrequently enough for regulators and investors to blissfully ignore the warning signs that can lead to very real economic pain. Arguing that economic systems reflect human nature, Ferguson said that economists’ over-reliance on mathematical models results in a failure to account for the fear, euphoria, and panic that often drive markets. Combining his expertise in history and economics, Ferguson traced the historical development of the modern financial system. “He bridges two disciplines in a way that makes him really insightful,” said Edwin O. Robinson, an attendee...
...from his injuries, Reiterman spent the next four years researching and writing a comprehensive book about the tragedy, "Raven: The Untold Story of the Rev. Jim Jones and His People," which has just been reissued by Tarcher/Penguin. The 624-page book is an extraordinary act of scholarship, the definitive account of an event that continues to fascinate and mystify. TIME senior reporter Andrea Sachs spoke to Reiterman from San Francisco, where he is now the news editor for the Associated Press in northern California...
...suspect it takes more than that to account for OTD. I was reminded as I read that as you move through adolescence, your life gets so much bigger so fast; not just your hands and feet but your thoughts, temper, moods, doubts, and so all your relationships are vastly more complicated than in the days of playground tag. Melodrama comes so naturally: friendships dissolve into feuds, rivalries ripen, parents are useless, nothing goes according to plan, temptation is everywhere. These stories throw all that normal teenage drama into such high relief that the picture is suddenly clearer. The stakes...
...their effort to sway at least a few Republicans, Democrats did take some of their concerns into account - including demands for long-term financial plans from loan recipients, increased oversight and taxpayer protections. But for most Republicans the moves don't go far enough. The GOP is asking for assurances that the taxpayers will be repaid - like the assurances given by the banking industry - and for a commission to ensure that the money is spent wisely, especially since all three companies are already so deep in debt (GM alone owes $48 billion). To that end, the GOP wants a change...
...loans available to companies in Chapter 11 are all but impossible to obtain. And few consumers would be likely to buy a car - the sale of which depends on long-term warranties, service and parts - from a company in a bankruptcy reorganization. The Big Three and their affiliated suppliers account for 2% of the U.S. workforce, or more than 2.5 million jobs. GM alone employs more than 100,000 workers, the same number of autoworkers that have been laid off so far this year. And that's not to mention the hit the Federal Government would take if GM dumps...