Word: flippings
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...Behind Hatoyama's flip-flops is contradictory advice from top aides. Some are telling him to stick to fiscal austerity to mollify voters' fear of ever-larger deficits - a public concern that could hurt the DPJ's chances of winning a majority in crucial July 2010 elections for the Diet's Upper House to accompany its newly won majority in the Lower House. But come next July, the DPJ would be hurt a lot worse at the polls by higher unemployment than a higher deficit. What Japan needs today is fiscal stimulus that stresses the DPJ program to shift Japan...
Until recently, economists had done shockingly little work in this area. "Nobody had looked at the flip side, which is, Can there be costs?" says Thomas Philippon, a young Frenchman who teaches finance at New York University's Stern School of Business. "That is because it's harder to measure, and it's a bit more controversial." Philippon has begun trying to fill this research gap, and while he hasn't come up with definitive answers, he has made some very interesting discoveries. (See 25 people to blame for the financial crisis...
...first ever Boston Book Festival attracted thousands of people to Copley Square this Saturday to listen to panels, participate in workshops, and flip through books of all genres...
...dynamic place for change on earth," genomic pioneer J. Craig Venter said on a recent tour of his San Diego labs, where researchers are studying ways to convert algae into oil, coal into natural gas and human wastewater into electricity. "That's why we're here." Dressed in shorts, flip-flops and a crazy-loud floral shirt on a typically perfect day, Venter noted that California's quality of life isn't bad either: "It is pretty nice not to have to wear pants...
...friend offers you a deal in which for every coin flip that ends in heads, he gives you $11, and for every tails, you give him $10 dollars. If you had $1,000 in your bankroll, you would be foolish not to take up the deal. The first 10 tosses might not generate any heads, leaving you $100 down—but in the larger scope of things, in a world attuned to the rules of probability, you will leave the game having gained a profit. But now, say the stakes are upped and instead of $11, your friend...