Word: explainers
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...Your wheel of blame was missing a crucial player: Ayn Rand. She was former Federal Reserve Chairman Alan Greenspan's free-market guru. Like President George W. Bush, Greenspan's belief in free markets blinded him to the dangers inherent in the subprime-mortgage market. How else can one explain his failure to respond to early and repeated warnings from the late Edward Gramlich, a member of the Fed board who recognized the dangers and addressed the matter (perhaps in frustration) last year in his book Subprime Mortgages: America's Latest Boom and Bust? Kim Gardey, President, Gardey Financial Advisors...
...praise is due. No one has as little tolerance for cliché or as much appetite for intellectual sparring. Many a bad idea has died at her feet, while countless great ones were born out of her ability to make writers refine their thoughts and search beyond the obvious to explain something deeper and more significant for the reader. In her new life, she plans to see as much theater as she can, spend time with her husband Kamau and devote more attention to the blog she began a year ago, Broadway & Me broadwayandme.blogspot.com) The one consolation...
Thaler and Sunstein, longtime colleagues and friends, dub this "libertarian paternalism." The deliberate oxymoron is meant to exalt individual freedom (the authors use their system to explain how one might structure school vouchers or privatize Social Security) while protecting people from cognitive and social forces that lead them to decisions that even they would describe as poor. We are all like houseguests who eat from a bowl of cashews, then thank our host for removing the nuts so that we don't spoil our dinner...
While the Americans learn, well-trained lawyers in secure offices in Mumbai (formerly Bombay), Bangalore and Gurgaon (outside Delhi), who typically earn $6,000 to $30,000 annually, do legal grunt work. Alexander's sentiments may explain why outsourcing is blossoming in the legal profession, which is known--and often despised--for its high prices. Law-firm partners bill at a national average of $318 per hr. and at $550 per hr. at large New York City firms, according to a 2007 survey by Altman Weil, a legal-consulting company. Starting salaries for attorneys at some large firms now stand...
...often been argued that the appeal of watching great athletes compete is that they seem to manage, in their attainment of the ostensibly impossible, to transcend mortality. Perhaps the Masters' success in fostering its own glorious illusion of immortality helps to explain the tournament's enduring popularity. One thinks of the call of the on-course ranger before a golfer hits a shot. At Augusta, the request seems to be directed at the passage of time itself: "Stand still please...