Word: norton
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Dates: during 2000-2009
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Last year's gripping campaign and the wave of popularity behind Barack Obama have focused tremendous attention on the White House and the presidency. As the country marks Presidents Day, TIME spoke with author and historian Richard Norton Smith about America's "schizoid" relationship with its President, the lofty expectations for Obama and the way history's verdicts can shift over time. (See pictures of Barack Obama's nation of hope...
Writers aren't famous for getting up early, but Daniyal Mueenuddin, author of the debut story collection In Other Rooms, Other Wonders (Norton; 247 pages), keeps farmers' hours. Literally. "I crawl out of bed about 6 and have some tea," he says, "and immediately I meet my managers"--that is, the managers of his small farm in rural Pakistan. "Then they go off and do their thing, and I write until 2." The rest of the afternoon he spends either out on the land or going through the finances. "I tend to soft-play the accounts and spend more time...
Life Without Lawyers: Liberating Americans From Too Much Law By Philip K. Howard 221 pages; W.W. Norton & Company...
...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...
...helps too, Norton says, if while you're picking your investors' pockets you can also convince yourself that you're justified in doing so. Maybe you grew up poor; maybe you've been cheated yourself. Or maybe, as with Madoff, the phony dividends you're paying are initially benefiting charitable foundations. You're actually doing the groups a lot of good - at least until you bankrupt them...