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...other people in such a way that we really acutely experience our own vulnerability. If you close yourself off, if you neither give nor accept sympathy and fellow-feeling, then a defensive [or cruel] position can feel like the safest thing. Kindness is really seen as a sign of weakness...

Author: /time Magazine | Title: Why Nice Guys Should Finish First — but Don't | 6/4/2009 | See Source »

...increased volatility of the market before securities prices took a nosedive, says Aaron C. Brown ’78, a risk manager at the quant hedge fund AQR Capital Management. But when the forward-looking VaR suddenly rose—reflecting a dramatic increase in risk—warning signs went unheeded.“People have a tendency to ignore that and to say, ‘Well, just clean up the numbers,’” Brown says. “If the model never surprises you, the market surprises you instead...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: Post-Crisis Economics | 6/3/2009 | See Source »

...announcement by General Motors that it will close its Willow Run transmission plant as part of its restructuring is being taken as a sign of how far the auto giant has fallen. Willow Run is, deservedly, a legend. But the lessons from its history are not entirely the ones usually drawn...

Author: /time Magazine | Title: Willow Run: An Obituary for GM's Most Famous Plant | 6/2/2009 | See Source »

...needed to show the world that a broad, macroeconomic turnaround wasn't too far down the road. Geithner is loathe to talk publicly about market behavior, but Treasury officials believe that a tightening of credit-market spreads shows an improvement in confidence. "Risk premia are receding in response to signs of stabilization," says an official familiar with Treasury's thinking. And the recent slight rise in interest rates demonstrates nothing except a market beginning to return to normalcy, not one getting spooked by fears of inflation. Consider that so-called TIPS - inflation-protected bonds - yield 1.5% on the five-year...

Author: /time Magazine | Title: Geithner Gets a Warmer Reception in China | 6/2/2009 | See Source »

...Franken's favor, especially one with instructions to Republican Governor Tim Pawlenty to certify the results so that Franken could take his seat on Capitol Hill, would be very hard for Coleman to overcome. Pawlenty has said that under such an order, he would have little choice but to sign the certification, but Coleman has made no promise that he wouldn't try to appeal to the highest court in the land. "The only caveat would be if the U.S. Supreme Court ordered cert and issued a stay in a certificate, which I find highly implausible - it would enrage...

Author: /time Magazine | Title: Franken vs. Coleman: The Final Round — Maybe | 6/2/2009 | See Source »

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