Word: notionalism
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...just how does it work? Well, let's start with a simple notion: news matters. When Alan Greenspan raises interest rates, as he has been doing for nearly a year, interest-paying investments like bonds and even scorned bank CDs siphon dollars from the stock market--and stocks become less attractive. When the government wins big in a court case that could bust up one of the most valuable companies in the most valuable industry in the world, as happened in the Microsoft trial last week, it breeds uncertainty--and stocks become less attractive. When the market's most credible...
There is no more anonymous forum than the stock market. It's predicated on the notion that the greater good for all will come from many individuals who have the opportunity to act on their immediate self-interest. Unfortunately, when seas get rough, there is nothing to stop investors from sinking the lifeboats in their zeal to abandon ship. Robert Shiller, author of Irrational Exuberance, which explores the perils of the present market, once devised a survey to probe whether investors felt any responsibility to the overall system. When asked whether they might reduce selling in a crash...
Your piece on billionaire Michael Saylor's notion of creating a free worldwide online university [EDUCATION, March 27] states that there is little scholarly research in this area. In fact, there is a growing body of literature that documents the efficacy of online learning compared with campus-based instruction. But what is distressing is the persistent indictment of distance education by skeptical faculty. In 1998, 1,680 institutions enrolled 1.6 million students in 54,000 distance courses, and an ever increasing proportion are online. To refer to this burgeoning phenomenon as naive and as counterfeit education or to declare that...
...late to hang on to privacy. You can delete those Internet browser cookies that trace you, hide your Social Security numbers and unlist your phone number, but it's more efficient just to toss your junk mail. The notion that anyone will ever find you interesting enough to look up your personal Census data or read your e-mails is so egotistical that I know you're dying to answer personal questions. I can bench-press...
...NEEDS REAL WOMEN? Lara Croft may be the game crowd's notion of a perfect female, but the new crop of more businesslike cybercreations show that not everyone wants his fantasy woman to come with a utility belt...