Word: mcdonaldization
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...Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers By Lawrence G. McDonald with Patrick Robinson; Crown Business; 368 pages...
...Lehman should get out of real estate before the credit bubble burst. Fuld ignored them. So while the bank's chief loaded up on overpriced property from the 31st floor of Lehman's New York City headquarters, his bond traders were downstairs shorting shares of mortgage brokers. Lawrence G. McDonald was one of those traders, and in his rendering of Lehman's demise--nimbly told with novelist Patrick Robinson--the bond traders are the smart guys, the real estate dealmakers are the bad guys, and the folks in charge are the idiots. What McDonald fails to note--even while illustrating...
...country are in turmoil when the masses are too immature to allow our distinguished and accomplished representatives to openly participate in intelligent, pointed dialogue about the incident. We need to continue a broader discussion of the race and class issues that still plague our society. Alison McDonald, PASADENA, CALIF...
...crop is heavily fertilized - both with chemicals like nitrogen and with subsidies from Washington. Over the past decade, the Federal Government has poured more than $50 billion into the corn industry, keeping prices for the crop - at least until corn ethanol skewed the market - artificially low. That's why McDonald's can sell you a Big Mac, fries and a Coke for around $5 - a bargain, given that the meal contains nearly 1,200 calories, more than half the daily recommended requirement for adults. "Taxpayer subsidies basically underwrite cheap grain, and that's what the factory-farming system for meat...
...does the belief persist that exercise leads to weight loss, given all the scientific evidence to the contrary? Interestingly, until the 1970s, few obesity researchers promoted exercise as critical for weight reduction. As recently as 1992, when a stout Bill Clinton became famous for his jogging and McDonald's habits, the American Journal of Clinical Nutrition published an article that began, "Recently, the interest in the potential of adding exercise to the treatment of obesity has increased." The article went on to note that incorporating exercise training into obesity treatment had led to "inconsistent" results. "The increased energy expenditure obtained...