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...summit. Officials failed to agree on concrete measures to limit bonuses, admitting that many of their recommendations were virtually unenforceable. Sarkozy, who has threatened to walk out of the G-20 meeting if there is no agreement on regulating bonuses, was also forced to abandon his initial call for a precise salary cap. By the end of the summit, he suggested that the best solution would be stricter rules on capital levels - a proposal that has already been made by the Financial Stability Board, a group of central bankers and regulators that has been tasked by the G-20 with...
...Psychologists call this the Lake Wobegon effect - after the fictitious Minnesota town invented by Garrison Keillor, who described it as a place "where all the women are strong, all the men are good-looking and all the children are above average." We all tend to be overconfident about ourselves in surprising ways. About 90% of drivers think they are safer than the average driver. Most people also think they are less likely than others to get divorced, have heart disease or get fired. Likewise, according to a late-August poll by CNN/Opinion Research Corp., more than 60% of Americans surveyed...
...information, the exposure to the most novel experiences, comes from people on the periphery. That's because our intimates, or the people in the center, know what each other know. Intimates think the way we think and they know what we know, whereas people who are what the sociologists call "weak ties" don't. They're different from us, they link to other networks and different kinds of information, and therefore they are the place where we find opportunity...
...many of the architectural features of the new stadium are groundbreaking in themselves. The best of them are smart adaptations, well deployed. In particular, the arches and glass walls call to mind the new Wembley Stadium in London, a Foster design that Jones liked enough to visit three times on idea-gathering travels he and his wife Gene made to stadiums, airports and even shopping malls. Over the past few years, Gene also headed a project that commissioned site-specific works for the stadium by artists like Franz Ackermann, Mel Bochner and Olafur Eliasson, museum-quality names whose work...
...Ahmadinejad, sending his usual supply of mixed signals to the world, supports negotiations but is outwardly defiant on budging on Iran's nuclear policy, which Iran claims is for peaceful energy purposes. To make matters worse, Ahmadinejad took Friday to again question the Holocaust and also made a bizarre call for the breakup of Europe and even Russia into smaller nation-states - a statement that may leave Russia quite perplexed and anxious. (Read about Iran and Obama's shelved missile shield...