Word: belief
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...optimism feels good, really good, but it turns out to be the methamphetamine of run-amok American capitalism. Meth induces a "Superman syndrome." Optimism fed into what Steve Eisman, a banking analyst who foresaw the crash, calls "hedge-fund disease," characterized by "megalomania, plus narcissism, plus solipsism" and the belief that "to think something is to make it happen." The meth-head loses his teeth and his mind; the madcap optimists of Wall Street lost something like $10 trillion worth of pension funds, life savings and retirement accounts. (Read "Why It's Time to Retire...
...politicians I've met over the years, humble is a description that comes to mind for very few. Now that I think about it: none.) But we do not really want them to be politically humble. Passivity and resignation in the face of challenge may, in some religious-belief systems, represent an admirable surrender to the will of the Almighty. But we do not elect leaders to be monks. We want them to do things. The world leader who actually is a monk, the Dalai Lama, never stops doing things for his Tibetan people and for others; he donated...
Maybe there is some merit to Albright’s belief in the power of jewelry. In her memoir, she recalls that at her meeting with Saddam Hussein and Iraqi officials, she wore a serpent pin with a dagger through it. Zing...
...what if this recession isn't an ordinary recession? There is a widespread belief among economists that a secular shift in global spending patterns is under way. U.S. consumers, the usual drivers of economic growth, are reducing their outlays and may do so for years to come as they pay down debt. Under this "new normal" scenario, some of today's spare capacity may never come back into action because total demand will remain depressed indefinitely. Factories in some crowded sectors will have to be permanently closed or retooled to make different products...
...when has it been acceptable to posit that all Jews think alike and that, in that sense, Goldstone should be praised for not “thinking like a Jew” and defending Israel? To that effect, many Jews worldwide do not fit the pro-Israel mold, a belief that the report’s proponents seem to harbor...