Word: behaviorism
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...attention-hungry Virginia socialites broke their silence on Tuesday, appearing on NBC's Today show, where they insisted that they had permission to attend the gala dinner. "We were invited, not crashers. There isn't anyone that would have the audacity or the poor behavior to do that," Michaele Salahi said, but the couple did not specify who had issued the invitation. On the same program, White House press secretary Robert Gibbs denied that claim, saying, "You don't show up at the White House as a misunderstanding." The Salahis exchanged e-mails about attending the state dinner with...
Wanna bet? Prechter does. He has made a career out of his belief that financial markets are ruled not by fundamentals but by waves of irrational behavior. Lately, after a long run of relative obscurity, he's been getting lots of attention. So have other believers in cycles and waves: the New Yorker recently expended 10 pages on Martin Armstrong, a self-taught forecaster (currently imprisoned for fraud) who made several eerily on-the-mark calls using a formula based on the mathematical constant pi. Prechter appeared in that piece too, but only briefly. He comes across as too reasonable...
...soft-spoken, thoughtful, engaging 60-year-old, believes that the bull market of the past eight months that pushed the Dow past 10,000 will inevitably give way to a crash that will drag prices well below the level of early March. He believes this because theories of market behavior put to paper by a guy who died in 1948 tell him so. Yet he makes it all sound perfectly plausible...
Companies have long promoted healthier behavior by subsidizing gym memberships and smoking-cessation classes. But several private and public employers have started tying financial incentives to their health-insurance plans. North Carolina this year became the second state to approve an increase in out-of-pocket expenses for state workers who smoke and don't try to quit or who are morbidly obese and don't try to lose weight. Alabama was the first to pass what critics call a fat fee, in 2008, and several state insurance plans have started imposing a $25 monthly surcharge on smokers...
...trying to get across to the population that they have to take responsibility for their well-being and engage in more healthy behavior," says Jack Walker, executive director of the North Carolina State Health Plan. The plan estimates that claims for chronic diseases related to obesity may top $108 million a year and claims for tobacco-related illnesses more than $137 million a year...