Word: notionalism
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Dates: during 2000-2009
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More important, at least when it comes to the bailed-out businesses, the notion that there's a correlation between excessive pay and excessive risk-taking isn't quite accurate. It may be true in the case of hedge funds or leveraged-buyout - which call themselves private-equity (PE) - firms or some parts of stricken outfits like AIG, Citi and the former Merrill Lynch, now part of Bank of America. But hedgies and PEs aren't covered by pay czar Ken Feinberg's ukases...
...contemporary, post-Industrial society - say, the U.S. An economy based on brains and connections? That sounds about right. It's been half a century since economists first lasered in on the importance of "human capital" - the notion that what is locked up in people's heads and how they relate to other people deserves just as much attention as a company's physical assets (its factories, trucks and land). With each new phase of our information society, it becomes truer that the way to get a leg up isn't to own a factory (they're all going overseas...
...think the notion of religious pluralism will play out in Europe’s future...
...heard he was impeached as Illinois governor and faces federal corruption charges after allegedly auctioning off Barack Obama's empty U.S. Senate seat - Blagojevich is passing a crystalline afternoon pressing the flesh at a café near his home on Chicago's northwest side, eager to dispel the notion that he's a pariah. In part because Blagojevich is a very good politician, the reception is warmer than you might expect. He embraces an elderly supporter, quizzes a high school track team about its choice of running shoes (these days he clocks seven miles in under an hour) and assures...
...because we're all somewhat complicit in it. It's far more dangerous than any attack made by those who wish to stand in the way progress -- and that's the idea that there is nothing or little that we can do. It's pessimism. It's the pessimistic notion that our politics are too broken and our people too unwilling to make hard choices for us to actually deal with this energy issue that we're facing. And implicit in this argument is the sense that somehow we've lost something important -- that fighting American spirit, that willingness...