Word: behaviorism
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...conflicts of interest. “The status quo isn’t good enough,” said SEC Chairwoman Mary Schapiro at a roundtable discussion on the subject last week. While some problems with rating agencies are indeed structural, there are more basic issues of risk-taking behavior at stake that cannot be changed simply through regulation, cooperation, or incentives...
...some claim, they should be exempt from rebuke. According to The Wall Street Journal, many credit-rating agencies intend to use the constitutional right to free speech as a defense against upcoming litigation cases. While this may be juridical truth, and a clever defense, conflicts of interest and careless behavior will remain even under the old, investor-paid model. All the regulators can do is continue to effectively cooperate with rating agencies, working to create a better—albeit imperfect—system...
...dogs really man’s best friend? The Harvard Cognitive Evolution Lab in William James Hall, now home to more than 1,000 dogs, may hold the answer. The dogs will be used in behavior studies, which, according to Psychology Professor Marc D. Hauser, the leader of the study, will reveal “the extent to which domestication will change dogs into the proximity of human thinking.” The lab formerly housed 40 cottontop tamarin monkeys but were recently replaced by dogs because of the high cost of caring for the monkeys. This switch from monkeys...
...argument to prevent litigation. He said that the Justice Department was considering reversing the citing of state secrets in one of the three cases that had been reviewed so far, though he did not describe which case. Last Wednesday, during a speech at West Point, Holder strongly condemned the behavior of the Bush Administration. "We must once again chart a course rooted in the rule of law and grounded in both the powers and the limitations it provides," he said...
...outlook for South Africa that bleak? It depends on your time frame. Zuma's checkered career, the behavior of his supporters and the contrast to the iconic Mandela inevitably reflect poorly on him and his party. His victory in deposing Mbeki was first and foremost an internal factional victory and, outside that ANC constituency, his election will not be viewed so positively, either for South Africa or all Africa...