Word: preferreds
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...comes in. As momentous as the EPA's decision was - the finding stated "in both magnitude and probability, climate change is an enormous problem" - no one actually wants the EPA to regulate greenhouse gases. Not even Jackson or Obama, both of whom have repeatedly stated that they would much prefer Congress to set limits on greenhouse gas emissions directly, most likely through a cap-and-trade program. Most environmentalists feel the same way. The problem is getting cap-and-trade passed in Congress; most Republicans are against it on the grounds that it might hurt the economy by raising energy...
...Fortunately, my irrational dislike of change has a scientific explanation. People generally prefer things they have seen before, which is something psychologists call the “mere exposure effect.” The frequency of contact consumers have with a product also plays a role. If Delta Air Lines announces a new design for its signs and logos, it’s not a huge deal because people only fly infrequently. On the other hand, when customers use a product every day, the effects of a redesign can be jarring...
...second contingent is the more dedicated music connoisseur—well trained in navigating the backroads of Pandora and avoiding Kiss FM and iTunes’s top 100. Harvard party music is banal and grating to their ears, and they prefer underground creativity to mainstream chart success. Their most likely criticism of a Yardfest artist: “Other people have heard of them...
...week, beseeching, "Make a $5 contribution today, and you could be on your way to one of these once in a lifetime opportunities!" Among them: a chance to spend a day with former President Bill Clinton, "followed by your own special New York City weekend." Or perhaps you would prefer lunch in Washington with consultants turned cable pundits James Carville and Paul Begala, "where you will get to tour all the amazing sights D.C. has to offer and who knows what else could happen!" And if politics isn't really your thing, well, there's always the third option...
...says authorities almost never detect the origin of the laundered funds, in part because the people who are caught refuse to rat out their higher-ups. "They prefer to take the [jail] sentence than tell us the truth," says Liu. He also admitted that fear often paralyzes further investigation. In one case, a Colombian woman was caught at the airport with some $140,000 and sentenced to six years in prison. Liu says that after the trial last year, the woman's lawyer advised Liu not to investigate any further. Liu followed the advice, and says the people the woman...