Word: moneyitis
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...just completed an 80-year history of Wall Street. What did you learn? There is now about $140 trillion in market capitalization in the word's financial markets looking for investments. That money can now move around very easily. But even if a relatively small portion of that money goes after something - say, mortgages - it can quickly cause a bubble and a crisis. So all this good work we have done in the past few years to make our capital markets more efficient and open has also made them very hazardous, and we haven't done anything yet to address...
...Monday, NASA administrator Charlie Bolden unveiled both Obama's proposed space budget through 2015 and the Administration's plans for how that money should be spent. And though Bolden filled his prepared remarks with all the usual promises to "blaze a new trail," answer a "bold challenge," "spur innovation" and, of course, inspire young people, the fact of the matter is that the new plans will keep America on the ground for most of the next decade or longer. And whenever U.S. astronauts finally do return to space, they won't be going very far. (See the 40th anniversary...
...more than 2°C this century, the carbon-emissions cuts they've promised are not nearly steep enough to achieve that goal. And while tens of billions of dollars have been pledged to help developing nations cut carbon and adapt to climate change, the mechanism for delivering that money isn't clear...
...liabilities and assets are calculated. It wasn’t—and those who have benefited from the Enron-led train of unscrupulous practices of the market—such as short-selling, betting against the market or hoping it will fail so that you can make money selling for high to buy at very low. or profiting from a fall in stock prices, insider trading, and mark-to-market accounting, or pricing assets at a higher value than they are actually worth—now unfairly criticize the president and his administration for being an interventionist one. Those...
...Cyber Command shows that the U.S. military is taking this mission seriously. "You have to be very careful about what you say in this area," says a top cyberwarrior of the Pentagon. "But you can tell there's something going on because the services are putting their money there and contractors are going after...