Word: signallers
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Coming on the heels of two other major grants to Harvard in international affairs, this donation may signal a revival in philanthropic giving in the field...
...banking industry. Director's aren't required to attend board meetings, and in fact get paid up to a thousand dollars for each meeting they attend. Although it has taken government intervention to do it, the banking industry may finally realize, as a result of the FDIC's clear signal, that in accordance with the position of responsibility, board seats should be filled by men whose experience suggests true expertise in the field of banking and finance...
First, the FDIC's move should be perceived largely as a signal to the industry that board directorships should not be awarded as honorariums. One of the great risks a capitalist society faces is the uncertain stability and credit worthiness of its banking institutions. By refraining from nationalizing the industry, unlike most European socialist countries, the United States is placing great faith in the management of individual banks. The FDIC must use the opportunity of Continental Illinois's brush with disaster to remind bank directors of the trust placed in them. (The FDIC had to wait until media focus shifted...
...forces. Nineteenth century minds may have planted the seeds of our deterioration alongside our advancement, but they also--in people like Freud, Carlyle, Ruskin and Arnold himself--taught us how to worry. At the same time, critics, grown somewhat more compromising, are no longer certain that science and technology signal the end of the world. Thomas Pynchon wrote in the New York Times Book Review last year that modern Luddites seem to be adjusting their antimechanical sensibilities to accommodate at least a few enticing inventions, like the word processor. There seems "a growing consensus," said Pynchon, "that knowledge really...
Several times in this century, war, crisis, social change and activism have been followed by reactionary backlash, and then by a period of consolidation and relative calm and prosperity. If this historical pattern means anything, the current mood is not a repudiation of social progress, but rather a signal that certain important social battles have been won and now, in a moment of calm, are being digested. "This relative calm has little to do with Reagan's conservatism," says Alexander. "Rather, it reflects the institutionalizing of many of the things he has been against for years...