Word: bruner
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Fifty years ago, when Jerome S. Bruner was a psychology professor at Harvard, he said that the fact that Memorial Church was not explicitly open to non-Protestant services damaged his perception of the University as a place that emphasized the universal aspects shared between...
...also, says Robert F. Bruner, dean of the University of Virginia's Darden School of Business, a classic "prisoner's dilemma." In game theory, the dilemma involves two arrestees deciding whether to squeal. Here it's about whether to pull your money from the market. For each worried individual, the rational answer is yes, but the financial system is far better off if everybody agrees not to. The invisible hand of the market can't deliver the best outcome; collective action, Bruner says, is the only good answer...
...Bruner has been thinking about this a lot lately because he has co-written, with his Darden colleague Sean D. Carr, a fortuitously timed new book titled The Panic of 1907: Lessons Learned from the Market's Perfect Storm. That year saw a string of bank failures and a stock-market collapse that was halted only when J.P. Morgan browbeat his fellow moguls into ponying up cash to stop the panic. The 1907 crisis in turn led to the creation of the Federal Reserve, which was supposed to do what Morgan did, only more reliably...
Imagine Olivia Turton, all grin and energy, bounding to the front of Erica Bruner's music room at Frenchtown Elementary School in New Jersey. "There's thunder in His footsteps and lightning in His fists," chirps the eight-year-old with fine brown hair. "And so you better be believing that our God is an awesome God." A few minutes later, the song is over, and Olivia is relieved. After weeks of rehearsal and a big disappointment - she initially wanted to sing "Part of Your World" from the movie The Little Mermaid, but she didn't have a karaoke version...
...everyone. The lyrics, Bruner tells her, are a bit religious, and principal Joyce Brennan will have to approve them. The next day, word comes down from Brennan: find another tune, one without the God stuff. Olivia can't believe it. She is in tears when her mother, Mary Ann Turton, picks her up at school...