Word: rathering
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...pays for ratings, though, isn't the entire issue. In a speech in early April, Goldman Sachs CEO Lloyd Blankfein put his finger on another deeply flawed part of the system: "Too many financial institutions and investors simply outsourced their risk management," he said. "Rather than undertake their own analysis, they relied on the rating agencies." In other words, the problem is not just the ratings agencies, but the way investors - from Wall Street firms to university endowments - have become mindlessly dependent on them. That is harder...
...ailing U.S. automakers would receive a shot in the arm - potentially worth up to 2 million additional sales a year - while polluting cars would be taken off the road and replaced with more efficient ones. (All cash-for-clunkers programs require the old cars to be scrapped rather than resold.) "There are significant environmental advantages and substantive benefits for the auto sector," says Benjamin Goldstein, a policy analyst for left-leaning think tank the Center for American Progress. "This goes right for the source of the problem, for vehicles sales...
...Mark Muraven and Roy Baumeister published an influential paper in which they observed that self-control is like a muscle: it weakens after you use it. For example, say you exert self-control by avoiding strawberry shortcake and opting for asparagus instead. Now your self-control is enfeebled, so rather than turning to that Tolstoy novel you vowed to finish, you watch a Simpsons rerun instead. Your self-regulatory resources can also be expended by, for instance, taking a test or enduring a loss. Depleted self-control is why, after an unusually hard day at work, you give...
...Adopting the Collegian’s motto of “Dulce est Periculum” or “Danger is Sweet,” the publication has transgressed boundaries since its inception, for example, advocating coeducation at Harvard when the notion still remained radical. Members say that rather than obliging the magazine to conform to tradition, the Advocate’s history actually allows it to push forward and serves as a “springboard, not a shackle,” according to documents from the Advocate’s archives...
...notable alumni have been the most iconoclastic. Hanlon cites past “Advokats” Norman K. Mailer ’43, Frank O’Hara ’50, and John L. Ashbery ’49 as writers who followed their own ideas about writing rather than obeying the status quo, a central tenet of the Advocate’s philosophy...