Word: institutee
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Somebody who can do it and then some is Renzo Piano, the Italian architect whose refined new addition to the Art Institute opened over the weekend to large crowds and a big outdoor party. The $294 million Modern Wing, built to house the Institute's great collection of 20th and...
Piano is exaggerating only a bit when he says that "Chicago invented modern architecture, invented modernity after the fire." The Great Fire of 1871 wiped away large stretches of the city and opened them for rebirth in a modern industrial and high-rise idiom. There was nothing particularly modern about...
"I think a souped-up version would be an interesting exercise to do on a routine basis," says John Irons, research and policy director at the liberal-leaning Economic Policy Institute think tank. "I could imagine in good times that this type of stress test could remind people not to...
A third lesson, and perhaps the most pertinent, is that spending so much money in such a short time is bound to be wasteful. "Every village wanted to have the same dog kennel," jokes Klaus F. Zimmermann, president of the Berlin-based German Institute for Economic Research (known by its...
How to win at the psychology of saving? A big part is understanding where the money goes. If you're part of a typical American household, 12% of your spending is on food. That's a big chunk, but smaller than the 18% that goes for transportation and the 34...