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...first - regulate the global economy or stimulate it? Nor will the albatross of AIG be removed from the government's neck anytime soon. Liddy said his goal is to restructure AIG's core businesses into "clearly separate, independent" companies that are "worthy of investor confidence." AIG has "made meaningful progress," but the company is still at the mercy of the economy. In the businesses it wants to keep, like commercial insurance, competitors sense an opportunity to grab market share. For the assets it wants to sell, there are few buyers. What remains is still a huge, vulnerable company...

Author: /time Magazine | Title: How AIG Became Too Big to Fail | 3/19/2009 | See Source »

...global economy when it was first called just four months ago, it's now clear that this meeting is likely to be anticlimactic at best and, at worst, a dangerous failure. Clever civil servants are already working on a draft final communiqué that will suggest great progress has been made. A skeptical and worried world is unlikely to believe...

Author: /time Magazine | Title: The G20's Chance Meeting | 3/19/2009 | See Source »

...said. “It was like a section that’s a free-for-all.” Between 2004 and 2006, with 12 other committees exploring different areas of the undergraduate experience, and no one clearly in charge of the main Gen Ed committee, progress was slow. In January 2006, the committee finally agreed on a distribution requirement that would include all classes in the FAS course catalog, Simmons said, because it was simply the only thing they could agree on: a “common denominator...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Kicking the Core to the Curb | 3/19/2009 | See Source »

Between 2004 and 2006, with 12 other committees exploring different areas of the undergraduate experience, and no one clearly in charge of the main Gen Ed committee, progress was slow. In January 2006, the committee finally agreed on a distribution requirement that would include all classes in the FAS course catalog, Simmons said, because it was simply the only thing they could agree on: a “common denominator...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Engendering Gen Ed | 3/18/2009 | See Source »

...actually an abstract, profoundly wrong model of human behavior,” said Drazen Prelec ’78, a professor of management science at MIT, later redeeming the postulates behind economics by saying that “without those false assumptions, we could not have been making the progress we have been making.” Others voiced similar criticisms of economics. Harvard Economics Professor David I. Laibson ’88 noted that economics reduces individuals into simple decision-makers instead of acknowledging that people have several competing mental processes. Brown Neurobiology Professor Peter E. Politser argued that...

Author: By Naveen N. Srivatsa, CONTRIBUTING WRITER | Title: Event Tackles Decision Making Theory | 3/18/2009 | See Source »

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