Word: knowingly
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...biggest basket cases - AIG and Citi - got into trouble not because they took risks; they got into trouble because they didn't know they were taking risks. (See the top 10 financial collapses...
...Break up institutions that are too big to fail so that we can allow them to fail. I don't know exactly how to do this - does anyone? - but that's how we solve the problem of letting the small fry fail while saving the wounded whales. Perhaps, as many have urged lately, we can start by reviving elements of the Glass-Steagall Act that kept old-fashioned banks out of the far riskier investment business. And out of big trouble. As we've seen, most of the giant rescued institutions didn't understand their problems until...
That's not because hunter-gatherers don't pass on wealth to their children. They do. Parents who know where to dig for the most nutritious tubers or how best to hunt elk will pass along that knowledge-based wealth to their kids. The difference is, that advantage is harder to monopolize than, say, a tract of land that comes with a deed. (See the best social-networking applications...
Baer, a former Middle East CIA field officer, is TIME.com's intelligence columnist and the author of See No Evil and, most recently, The Devil We Know: Dealing with the New Iranian Superpower...
...know anyone under the name of the C.I.A. I have never received any money from any organization. I help, definitely. I help other Americans wherever I can. This is my duty as an Afghan." - Denying his paid involvement with the C.I.A (New York Times...