Word: facedness
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Faced with giving up benefits, the UAW will conciliate but not placate management, which strikes some Americans as uncooperative. But its so-called legacy costs, won fairly at the bargaining table, have big emotional value for the UAW. It's what behavioral economists call the endowment effect, says Lipsky: the...
In one emblematic scene in Kim Tae-kyun’s film “Crossing,” the young protagonist Joon runs after the truck that is carrying away his dead mother. As he struggles and fails to catch up to the moving vehicle, he begins to pant...
By now you’ve probably heard that the world as we know it is spiraling out of control, and no one—not even Savior-In-Chief President Obama—knows what to do. Everyone, from salt-of-the-Earth Middle Americans, to class of 2006...
When Harvard Law School Dean Elena Kagan ascended to the masthead of the storied Harvard Law Review, she inherited a journal that had gone unpublished for four issues due to the previous year’s dysfunctional student management. As supervising editor, Kagan played a central role in bringing the...
The most powerful political factions in Iraq would prefer to see U.S. forces leave sooner rather than later. Maliki's Shi'ite-dominated government and security forces have faced down their biggest foe, the Mahdi Army militia of Shi'ite cleric Muqtada al-Sadr. And Sadr's movement, which remains...