Word: behaviorally
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Participants remonstrated University administrators for slashing the jobs of long-time employees while failing to issue pay cuts for themselves and top financiers. Speakers reiterated their belief that Harvard's top leaders' actions have been motivated by greed and financial self-interest and argued that the University's behavior has been unbecoming of its non-profit designation. One protester's sign even asked, "Harvard: University? or Investment Bank...
...Berlusconi has dismissed the newspaper accounts as "trash" and insisted on forging ahead with his work, including plans for the G-8 summit next month in L'Aquila, the central Italian city that was devastated by an earthquake in April. But allies have begun to question his past behavior and current handling of the crisis. Industry Minister Claudio Scajola, publicly one of Berlusconi's most loyal allies, counseled "more prudence" to the man in charge, though ultimately he blamed the woes on opposition hatchet men. Conservative newspaper editor Giuliano Ferrara, a longtime behind-the-scenes adviser, was less forgiving, writing...
More to the point, Fisher was the country's first great economist, a pioneer of the mathematical approach that came to dominate the discipline after his death. Fisher saw the behavior of the market in rational, mathematical terms. He wasn't completely doctrinaire about this--earlier in his career, he had allowed that investors sometimes behaved like sheep. But in the 1920s, convinced that skilled monetary management at the Federal Reserve and the rise of new, professionally run investment trusts had reduced the riskiness of markets, he lulled himself into believing that the prices prevailing on Wall Street were...
...Wall Street. Shiller warned repeatedly of irrational exuberance in stocks in the late 1990s and in housing in the early 2000s. He was largely ignored both times--until he turned out to be right. Unwillingness to countenance the possibility that market prices might be wildly wrong defined the behavior of regulators, corporate executives and most Wall Streeters during both the tech-stock and real estate bubbles...
...Obama Administration has made it clear it has no desire to negotiate yet again for North Korea's good behavior. Pyongyang has sporadically engaged in such actions for more than a decade, content to use them as levers to win concessions from the international community in exchange for civilized conduct - before abandoning such pledges. Significantly, China - long North Korea's protector - also seems to be growing weary of North Korea's belligerent behavior. (Read "Your Move, China...