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Word: plan (lookup in dictionary) (lookup stats)
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...plan to [liquidate AIG] has also been highly controversial and in some cases puzzling," Greenberg told Congress. "It would have been more beneficial for the American taxpayer if the Federal Government had ... provided guarantees to [AIG's] counterparties rather than putting up billions of dollars in cash collateral to those counterparties...

Author: /time Magazine | Title: Have AIG's Trading Partners Profited from Its Distress? | 4/2/2009 | See Source »

...million mosque, arguing that the two 166-ft. (51 m) minarets will spoil the skyline, now dominated by the city's famous Gothic cathedral. Construction is going ahead, and Böhm hopes his design will foster an openness that will one day silence the critics. His plan for the complex, due to be completed in 2010, calls for a piazza with a fountain and a cafe, designed to draw non-Muslims to the site. The local Muslim elders hope that, once there, visitors will browse in the library, check out the art gallery or spend in the shopping mall...

Author: /time Magazine | Title: Updating the Mosque for the 21st Century | 4/2/2009 | See Source »

...that yes, we can. Studies of all kinds of human frailties are revealing how to help people change - not only through mandates or financial incentives but also via subtler nudges that preserve our freedom to make choices while encouraging us to make better ones, from automatic-enrollment 401(k) plans that require us to opt out if we don't want to save for retirement to smart meters that warn us about how much energy we're using. These nudges can trigger huge changes; in a 2001 study, only 36% of women joined a 401(k) plan when they...

Author: /time Magazine | Title: How Obama Is Using the Science of Change | 4/2/2009 | See Source »

...probability of improbable events - the quirk that made the Meet Barack Obama fundraising lottery such a smart idea. But in general, we're ignorant, shortsighted and biased toward the status quo. We're not as smart as Larry Summers. We procrastinate. Our impulsive ids overwhelm our logical superegos. We plan to lose weight, but ooh - a cupcake! We're especially irrational about money; we'll pay more for the same thing if we can use a credit card, if we think it's on sale, if it's marketed with photos of attractive women. No wonder we apply for mortgages...

Author: /time Magazine | Title: How Obama Is Using the Science of Change | 4/2/2009 | See Source »

...easy to stumble into hidden fees and balloon payments tucked in the fine print of our mortgages. Even Ph.D.s can get confused by our society's paperwork; Thaler and Sunstein tell a story in Nudge about struggling to help a health economist pick a prescription-drug plan for her parents...

Author: /time Magazine | Title: How Obama Is Using the Science of Change | 4/2/2009 | See Source »

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