Word: feds
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Dates: during 2000-2009
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...hands off free enterprise, capital migrates to its most productive uses and society prospers. But its elegant models rely on a bold assumption: rational decisions by self-interested individuals create efficient markets. Behavioral economics challenged this assumption, and the financial meltdown has just about shattered it; even former Fed chairman Alan Greenspan confessed his Chicago School worldview has been shaken. "We couldn't have planned a better marketing campaign for behavioral economics," MIT's Ariely quips. (See the best business deals...
...them. To assemble a definitive timeline of the attack, Cullen has had to resolve hundreds of wildly divergent eyewitness accounts. This was, as he puts it, "the first major hostage standoff of the cell phone age," so as the nightmare unfolded, students were calling local news stations, which then fed their panicked stories back into classrooms via TVs in real time, creating a feedback loop that distorted their experience of the event even as it was happening. Maybe the most surprising thing to come out of Cullen's version is how quickly it all happened. What felt like...
Marijuana advocates were not the only ones who were overjoyed when U.S. Attorney General Eric Holder confirmed that he was ending federal raids on medical-marijuana facilities unless they were in violation of both state and federal laws. In budget-strapped California, for one, taxpayers are grateful. There, the fed crackdowns, which had continued despite the end of the state's own raids, got in the way of upwards of $100 million in revenue from medical-marijuana sales taxes in 2007, according to Americans for Safe Access (ASA), an advocacy group for prescription...
...time to be a banker. Whether their fingerprints are on a single credit default swap or collateralized debt obligation or not, financiers are being fingered for blowing up the global economy. The assets they traded are "toxic" and their bonuses "obscene." And members of the public, it seems, are fed up with the lot of them. In a leaked security memo sent to staff last week, bosses at AIG warned workers to keep an eye out for aggressors amid the "growing sense of public attention fueled by increased media scrutiny." AIG employees were advised to ditch AIG apparel...
...smell nice. The odor from the Center's laboratory is like stale meat in a dirty restroom. It can be detected from far away and becomes close to unbearable when approaching the jars full of leeches - all various hues of red and yellow depending on when they were last fed. "Leeches urinate non-stop for three days after they are fed," explains Elena Titova, the head of laboratory production, who has worked at the center for 25 years. "You have to clean their jars very frequently during this time; otherwise they poison themselves with their own waste...