Word: researches
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...Debating Detroit I applaud TIME's decision to spend a year in Detroit looking at the city's and region's challenges and efforts at revitalization [Oct. 5]. However, I find it curious that you start intensive research into the city with an opinion piece by a resident of New York who left Michigan four decades ago. With all due respect to the acclaimed Daniel Okrent, simply reciting old grievances repeatedly rejected by voters, such as my having "resisted ... more stringent mileage standards," seems counterintuitive to the magazine's mission. I would ask that Okrent take another look...
...just say the evidence is mixed. There's lots of research showing that the economies of countries with vibrant financial sectors grow faster than those of countries without them. So banks and financial markets do enable prosperity. But as we emerge (we hope) from a deep economic downturn brought on by a banking and financial crisis, that's not enough of an answer. We need to know whether the financial sector's profits, and its paychecks, can leave the rest of us worse off. In other words, are bankers worth...
...flip side, which is, Can there be costs?" says Thomas Philippon, a young Frenchman who teaches finance at New York University's Stern School of Business. "That is because it's harder to measure, and it's a bit more controversial." Philippon has begun trying to fill this research gap, and while he hasn't come up with definitive answers, he has made some very interesting discoveries. (See 25 people to blame for the financial crisis...
Before Bernie Madoff admitted to running a massive Ponzi scheme, Jeffry Picower was known for being a philanthropist. With about $1 billion in assets, the Picower Foundation, which he started with his wife Barbara, supported causes like neuroscience research at MIT and public education in Florida. The largesse seemed a fitting testament to the Bronx, N.Y., native's ascent from accountant and lawyer to billionaire investor and buyout artist...
Besides the U.S. and Iran, Russia seems to be the other major player on the nuclear issue. Whether or not Iran follows through on a draft deal to send much of its low-enriched uranium to Russia for further processing into fuel for a medical-research reactor, Moscow is in the middle. If the agreement works, it will boost Russia's international role, securing gratitude from the West without damaging Russia's ties to Tehran. If the accord falls through - or Iran agrees but does not comply - Moscow's support will be essential in imposing U.N. sanctions. China...