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...have a laser-like focus on becoming doctors or investment bankers. Some of that derision may be deserved. But there is much to admire in pursuing a clearly articulated career goal. For those without a professional plan (and even for those who do have one) there is an implicit mission inherent in attending the world’s greatest university: to sate one’s intellectual curiosity. No minor administrative hurdles and no trivial commute should stand in the way, no matter what the subject at hand...

Author: By Samuel H. Lipoff | Title: Whither Accounting? | 9/22/2008 | See Source »

...have not made arrangements to have. Naked shorting allows traders to potentially manipulate stocks. The SEC is also considering an emergency order forcing hedge funds, which employ short selling as part of their trading styles, that have a $100 million portfolio to report their short positions daily. The implicit threat is, We will know who you are. (Long positions are already known by the SEC.) Also on Thursday Britain said it will ban all short selling of financial stocks until at least next January, while New York Attorney General Andrew Cuomo announced that he was launching an investigation into complaints...

Author: /time Magazine | Title: Are Short Sellers to Blame for the Financial Crisis? | 9/18/2008 | See Source »

...that deadline approaches, expect a fierce debate about the government's role in the housing market. Critics argue that Fannie and Freddie have become misshapen monsters, getting rich off implicit government guarantees. Yet when Wall Street managed to supplant them by backing subprime mortgages, the result was disaster. It's enough to make even the experts scratch their heads and wonder...

Author: /time Magazine | Title: With Fannie and Freddie, the US Is Bailout Nation | 9/11/2008 | See Source »

...Brennan feel hate at first sight as quickly as their parents found love. Their resentment comes from territorial rivalry, but even more the fear that their comfortable situation, of being the sole object of a parent's pampering, is over right now. Learn to share - that's the implicit command. Play well with others. Two words: grow...

Author: /time Magazine | Title: Step Brothers: "Oh, Grow Up!" "Never!" | 7/24/2008 | See Source »

...This seems to me a very sad story about an essentially minor figure. Thompson's was not a life to celebrate (and Gibney, to his credit, does not do so). But there is an implicit approval in this film that makes me uneasy. But then, irrationality always make me uneasy. All artists - and nominally, Thompson was an artist - need a touch of the lunatic about them. But only a touch. In the end they are obliged to produce. And they are obliged not to succumb to, or to excessively encourage, their own myths. Thanks in part to Thompson's example...

Author: /time Magazine | Title: The Mixed Pleasures of Hunter S. Thompson | 7/3/2008 | See Source »

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