Word: minnesota
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...same exponential multiplication of funds that makes a Ponzi scheme impossible to sustain also means that, at first, it makes you very rich, very fast. "The financial payoff is so much larger," says Minnesota-based forensic psychologist Steven Norton. "The money comes in, the power comes in and that pushes them." What's more, says Galieti, the pyramid structure of a Ponzi scam means that there can be only one person at the pinnacle - an appealing idea for a narcissist who would just as soon not work invisible frauds inside a big investment bank...
Back in September, V.V. Chari, an economist at the University of Minnesota and an adviser to the Federal Reserve Bank of Minneapolis, got a call from a Congressman. Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke were arguing that they needed $700 billion to save the nation's financial system, and the Congressman wanted to know what to make of it all. Chari said he didn't know - he hadn't looked at the data. Policymakers kept talking about how banks weren't lending to businesses or to individuals or even to each other, so Chari pulled numbers...
...usual all-is-well waving-to-the-camera fare. News reports were read to the crew by Houston: Eleven GI's were released in Cambodia; Julie Nixon and David Eisenhower were married in New York; the Cleveland Browns beat the Dallas Cowboys 31 to 20 on Sunday and the Minnesota Vikings would be playing the Baltimore Colts on Monday. Lovell picked Baltimore...
...still unclear whether the Democrats have enough votes to pass the bill, even with a majority of 58 - or 59 if they win the last undecided Senate race in Minnesota. Democrats will need 60 votes to overcome what is sure to be a GOP filibuster of the measure and only one Republican supported it in a previous vote, Pennsylvania's Arlen Specter. Nor is it certain that all of the incoming Democratic senators - many of them more moderate and business friendly, such as Virginia's Mark Warner, Tom and Mark Udall (cousins from New Mexico and Colorado) and Alaska...
...canned by the Sixers last weekend despite winning widespread admiration for turning Philly into a playoff team a year ago; Eddie Jordan, the first coach in 28 years to lead the Washington Wizards to four straight playoff appearances, cut down after a 1-10 start; Randy Wittman of the Minnesota Timberwolves and P.J. Carlesimo of the Oklahoma City Thunder. (See the top 10 sports moments...