Word: exception
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Dates: during 2000-2009
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Well, yeah, except that Goldman and JPMorgan played right along with many of the Wall Street practices that led to the crisis. They fought regulation - of derivatives, for instance - that might have prevented it. And their big profits can be traced not only to skill but also to the government's decision last fall to bail out the financial sector just as the troubles that toppled Lehman Brothers and WaMu and forced Bear Stearns, Merrill Lynch and Wachovia into shotgun marriages began to endanger Goldman and (to a lesser extent) JPMorgan. "No one should be confused about the extent...
...counting money also reduces physical pain - previous research indicates that psychological and physical pain are experienced in a similar way - the researchers repeated the earlier social-exclusion test, except this time they replaced the ball game with a pain-sensitivity task, in which half the participants were put in a moderate-pain condition (their hands were immersed in warm water), while the other half were subjected to a high-pain condition (hands were immersed in very hot water). Again, those who had counted money reported lower levels of pain. (See how Americans are spending...
There's a school of thought among creative writers that journalism is not "real" writing, that only fiction or creative nonfiction is art. Do you agree? Well, my background is journalism. I don't have any creative-writing experience except for one class I took as a sophomore in college. I worked at magazines for over 10 years before I even thought of writing a book. When I teach kids at [my tutoring center] 826 Valencia, the first thing I do is I send them out to report. They sign up for a class that they think is going...
...Except Acta probably did get the memo. Rumors about his job security have flown around Washington for months, and yet his team did no better. That, frankly, reflects a baseball reality that few are willing to concede: A manager has no significant impact on his team’s win total...
...might be specious to suggest that Acta could have just flipped a switch to become a better manager and save his job—except that this very logic is necessary to substantiate the belief that managers do make a difference. Take, for example, Joe Maddon, the celebrated manager of the Tampa Bay Rays. In his third year in Tampa, Maddon took the Rays to the World Series—after finishing dead last his first two years. Maddon is now regarded as one of the league’s best, because he succeeded in flipping that switch...