Word: bernsteins
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Dates: during 2000-2009
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Sage advice, that. But for how long will it be followed? "Risk gets forgotten in all bubbles," says Peter Bernstein, an investment adviser and the author of Against the Gods: The Remarkable Story of Risk. "We've been down this particular road before." Indeed, we have. After every other trauma--the 1987 stock-market crash, the savings-and-loan crisis, the meltdown of the Long-Term Capital Management hedge fund--boisterous, unchecked risk-taking eventually rushed back in. "In times like this, people do listen to risk managers," says John Hull, professor of derivatives and risk management at the University...
...most likely much more than what the firms would have paid out had the government not decided to bail out the financial sector. But bonus pay is down just over $19 billion from a year ago. What's more, Brad Hintz, an analyst at money manager Sanford Bernstein, predicts Wall Street employment will drop from its mid-July peak by around 43,000 employees by the end of next year...
...long after, Plimpton created participatory journalism, foisting himself into ball games and orchestra pits (his absentminded triangle-playing infuriated Leonard Bernstein), where his earnest failures made for excellent pieces. What comes through in each episode is Plimpton's unquenchable curiosity, a love of human folly--especially his own--and a modern shrewdness; his fame as a professional amateur begot more fame, which gave him even greater access...
...been extinct for over a decade. In a book signing Thursday night at the Harvard Coop, Chivian, the founder and director of the Center for Health and the Global Environment at Harvard Medical School stressed the importance of preserving the planet’s biodiversity. Co-authored by Aaron Bernstein, his book addresses the loss of biodiversity in terms of potential medical research and treatment. “We have no [environmental] Hiroshima and Nagasaki,” he said, comparing the negative impact of changes in the global environment to that of nuclear weapons. Chivian...
...seriously, are TIME and the rest of the media creating an issue that doesn't really exist? Barack Obama has proved his ability to reach out to a broad spectrum of U.S. voters. He didn't win the Democratic nomination on the votes of people of color alone. Lenny Bernstein, Asheville...