Word: complexity
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...It’s quiet. It’s a nice place to bring up children,” says Ruth Olivole, who has lived at the complex for 15 years. “I don’t want to move. Period...
Three main lessons present themselves. First, our complex financial system is awfully fragile. Second, government action is capable of keeping a financial panic from snowballing into a complete economic disaster along the lines of the Great Depression. Third, the government has - in large part because of its success in averting disaster - found it difficult to take any actions that would make the financial system less fragile in the future. That would, apparently, be too much government intervention...
...normal. Consider the financial reforms that the Obama Administration wants to push through Congress before year-end - creating a Consumer Financial Protection Agency, giving the Federal Reserve the job of systemic risk regulator, and establishing a "resolution regime" to wind down troubled nonbank financial institutions (like Lehman) and complex bank holding companies in an orderly fashion. Steps in the right direction? Probably. Truly major reforms? Not so much...
...favorite class would have to be painting, Drawing with Two Hands, taught by Thomas Eggerer, or the Politics of Complex Humanitarian Emergencies by Alex de Waal...
...This is the latest move in a series of adjustments by the current administration as it reviews the detention policies of the previous administration. Already, the administration has announced its attention to close the current prison facilities at Bagram, to have them replaced by a newer, more humane complex, and to inform the International Committee of the Red Cross of the identities of the detainees being held...