Word: shifting
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Dates: during 2000-2009
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...sudden shift in taxpayers' financial priorities...
...again it's about the economy, stupid - and financial markets and how they are best regulated. There will also be discussion of whether anyone on Wall Street will be forced to pay a price for the wreckage taxpayers are now being told they will have to clean up. That shift should benefit Democratic nominee Barack Obama for many reasons, as economics in difficult times rarely help Republicans. But this race has proved conventional wisdom wrong time and again. What seems more certain is this: though virtually no one was calling for it, a new era of big government has arrived...
Olivia Mitchell, chair of the Insurance and Risk Management Department at the Wharton School of business, agrees. "I wouldn't say we'll put any of the modelers or mathematicians out of a job," she says, but still, "every time there's a shift in the landscape, we realize we have to enrich the models, make them more complete, more complex, and bring in some of the richness that the real world can throw at us." Indeed, on Sept. 16, at the request of students, Wharton faculty held a "teach-in" to examine the current financial crisis in the wider...
Ultimately, however, skeptics say changes in the classroom won't translate to an equal shift in the way real-world business operates. Morici says that Wall Street's compensation structure rewards risky business, and that's at the heart of the problem. "Until the banks are compelled to reform their business practices, training and risk management and ethics at the business-school level isn't going to make a difference," he says. "The business schools train what the banks want...
...shift can also affect how a campaign chooses to devote its resources and time on the trail. During the Democratic primaries, some of Hillary Clinton's senior advisers made a case for downplaying or even skipping Iowa, based on the argument that early voting would limit the importance of winning that state. "Iowans will not be the first to vote," Clinton's deputy campaign manager Mike Henry wrote in a memo...