Word: judgment
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...that "these pristine organizations were shown to be pretty sloppily run." Take UBS, the world's largest asset manager. Exposure to the U.S. mortgage market at its investment-banking unit has triggered $37 billion in write-downs over the last few months. Spooked by these signs of slack judgment, some private-banking clients have yanked their cash; shareholders have even called for the investment and private-banking units to be split. C. Hoare & Co., meanwhile, with neither an investment-banking unit nor any direct exposure to subprime assets, has seen cash pour in from customers seeking safety. The old tortoise...
...indiscriminate rockets on Israeli civilians in an attempt to destroy the Jewish State, has repeatedly refused to enter peace negotiations with Israel. In Article 11 of the Hamas Covenant, Hamas “believes that the land of Palestine is an Islamic Waqf consecrated for future Moslem generations until Judgment Day. It, or any part of it, should not be squandered: it, or any part of it, should not be given up.” In Article 13, Hamas rules out peace talks for it “does not consider these [peace] conferences capable of realizing the demands, restoring...
...president to preserve expanded executive powers, an unambiguous renunciation of this administration’s policy on torture will be a necessary condition for rebuilding American credibility in the world. And as tired as Americans may be of chronicling the disgraces of this presidency, the burden of passing judgment does not yet lie solely with the historians...
...activity, and heightened sensitivity to other unsettling words. Kahneman, who is a professor emeritus at Princeton’s Woodrow Wilson School of Public and International Affairs, specializes in the psychological underpinnings of economic decision-making. The exercise in priming was part of Kahneman’s talk on judgment and intuition yesterday in Yenching Auditorium. Despite being a psychologist—and never having studied economics—Kahneman received the 2002 Nobel Prize in Economics for his work’s impact on the field. Tuesday’s presentation was the first of three talks...
...Aspen Institute in Colorado. A colleague says Brown has a huge appetite for American history and politics, routinely stocking up in bookstores on Washington's Dupont Circle. (Though a man of the left, Brown has broad tastes: a bathroom in his house contains a well-thumbed copy of Moral Judgment, by James Q. Wilson, a favorite of U.S. conservatives.) In private, he can be delightful company. Australian novelist Kathy Lette says "there's a loving, frivolous side of him," and describes a surprise party Brown organized for his wife Sarah that started with Lette and other female friends including...