Word: ben
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...spend their dough if they are carrying cash in large denominations. This so-called denomination effect can be a powerful predictor of consumer spending habits. Through a series of experiments, the study shows that if people have an equivalent amount of money, say $100, the folks with a Ben Franklin in their pockets might not part with it, while those carrying Andrew Jacksons and George Washingtons more easily give up the cash. (See the worst business deals...
...life, Ben-Shahar uses three optimalist exercises, which he calls PRP. When he feels down - say, after giving a bad lecture - he grants himself permission (P) to be human. He reminds himself that not every lecture can be a Nobel winner; some will be less effective than others. Next is reconstruction (R). He parses the weak lecture, learning lessons for the future about what works and what doesn't. Finally, there's perspective (P), which involves acknowledging that in the grand scheme of life, one lecture really doesn't matter...
...person." That's what prompted him to launch the field of positive psychology, with a groundbreaking address to the American Psychological Association in 1998. Instead of focusing only on righting wrongs and lifting misery, he argued, psychologists need to help patients foster good mental health through constructive skills, like Ben-Shahar's PRP. The idea is to teach patients to strengthen their strengths rather than simply improve their weaknesses. "It's not enough to clear away the weeds and underbrush," Seligman says. "If you want roses, you have to plant a rose...
...regular legislative process. House Democrats and the Administration support such a move specifically for health care - though, theoretically, the provision would allow for anything, including energy, to be pushed through the Senate with just a simple majority rather than a filibuster-proof 60 votes. Several moderate Democratic Senators, including Ben Nelson of Nebraska, have said that inclusion of reconciliation instructions in the final bill would be a deal breaker for them. "Reconciliation is not where we'd like to start, but we are not willing to take it off the table," Orszag said...
Geithner, his predecessor Hank Paulson, FDIC chief Sheila Bair and Fed Chairman Ben Bernanke have so far used ad hoc powers to erect two of those crucial four pillars. Last fall they introduced Fed-sponsored insurance for money-market deposits, the equivalent of the FDIC insurance that exists for regular bank accounts. At the same time, they opened Fed lending to financial-services companies, making the Fed the lender of last resort for those firms, just as it is for traditional banks. In the past two days, Geithner unveiled the final two safeguards that he, Bernanke and Bair believe will...