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Word: learnedness (lookup in dictionary) (lookup stats)
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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...

Author: /time Magazine | Title: Ben Bernanke Walks the Line | 8/23/2007 | See Source »

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...

Author: /time Magazine | Title: Your House Is Worth Less? Good | 8/23/2007 | See Source »

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...

Author: /time Magazine | Title: Mother Teresa's Crisis of Faith | 8/23/2007 | See Source »

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...

Author: /time Magazine | Title: Sarkozy's First 100 Days | 8/23/2007 | See Source »

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...

Author: /time Magazine | Title: Behind Giuliani's Tough Talk | 8/22/2007 | See Source »

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