Word: behaviors
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...realm of the social, we create institutions like global, interconnected markets. By and large when investors are operating with some degree of diversity, when they're thinking about things differently - time horizons, trading strategies - the markets are basically efficient. But what we know is that people episodically coordinate their behavior. They all become optimistic or pessimistic, and that leads to extremes. Even with the best of intentions, you can't anticipate all the things that are going to happen. (See pictures of the top 10 scared stock traders...
...Pittsburgh, this is a battle bankers are likely to lose. In a speech on Wall Street on Sept. 14, the anniversary of the failure of Lehman Brothers, President Barack Obama warned the banking industry not to fight reform. "We will not go back to the days of reckless behavior and unchecked excess at the heart of this crisis, where too many were motivated only by the appetite for quick kills and bloated bonuses," Obama said. The question is just how far G-20 leaders are prepared to go as they balance public rage with the need to keep their financial...
...Delhi houses people from all corners of the country, who have carried on the tradition of blaming one another for bad public behavior and who refuse to claim this orphaned city as their own. Few know the history behind even the largest monuments that dot the landscape and stand witness to Delhi's layered past. Because people here don't know one another, Delhi folk feel no compunction in replicating the same behaviors they disparage in others - honking horns, staring unabashedly at women (yes, even women stare at other women) and, not to forget, urinating in public, sometimes right next...
...sure, bad behavior is not unique to Delhi - it's just worse here. But that's not the image of its national capital that India wants to project to the world. In the run-up to the Commonwealth Games, India has displayed the same touchiness about its self-image as the other rising Asian giant, China. "It's the same case with all Asian cultures," says Joshi. "They want to showcase their modernity to show they've arrived. Take spitting, for instance. In Singapore, China, India ... it's seen as something that belongs to the past and should be left...
...Just how bad will be determined after talks begin on Oct. 1 in Geneva's historic Hotel de Ville. "If we don't get the answers that we are expecting and the changes in behavior that we are looking for, then we will work with our partners to move for sanctions," Secretary of State Hillary Clinton told CBS on Sunday. "The burden has now shifted ... They have to come to this meeting on Oct. 1 and present convincing evidence as to the purpose of their nuclear program. We don't believe that they can present convincing evidence that...