Word: learnedness
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Bruner has been thinking about this a lot lately because he has co-written, with his Darden colleague Sean D. Carr, a fortuitously timed new book titled The Panic of 1907: Lessons Learned from the Market's Perfect Storm. That year saw a string of bank failures and a stock...
So why is the real estate collapse a good thing? First, because the collapse of any financial bubble can be interpreted as a morality play: greed gets its comeuppance. Subprime mortgages play the role that used to be played by junk bonds. They represent easy money--too easy, in retrospect...
The particularly holy are no less prone than the rest of us to misjudge the workings of history - or, if you will, of God's providence. Teresa considered the perceived absence of God in her life as her most shameful secret but eventually learned that it could be seen as...
Sarkozy has long understood that to a French society perpetually concerned about unemployment, economic optimism is everything. And that is why Sarkozy has advanced his reform program this way: submit to a little pain now in exchange for far more gain from freer markets in the future. The problem is...
As soon as he learned of the attack, Giuliani did what he always does: he followed the sirens. When he got to the scene, he sought out police, fire and emergency officials. Then he went to the cameras. In an hour and a half, he held 10 interviews. Then he...