Word: smalling
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...iPad will be a site of rapid innovation over the next 24 months. Making broad statements about Apple's long-term intentions based on features that didn't ship with Version One is a fool's errand. We spent six months hyperventilating about how Apple was screwing over small developers by forcing everyone to develop Web apps, and then they launched the software-development kit and the App Store, and the iPhone turned into the biggest gold rush for small developers in the history of computing. (See 19 rejected names for the iPad...
...evidence that large, multiplatform banks are more efficient or able to sustain risk than smaller banks. When I was on Wall Street, we used to have at least 20 firms that competed in the market. My book is the story of how Wall Street started as a group of small firms, and how those firms maneuvered to survive and prosper, but in the process, most either failed or were swallowed up by others. The net result has been a positive for users of capital markets, which can be accessed more cheaply than ever before. But the success of the market...
...just completed an 80-year history of Wall Street. What did you learn? There is now about $140 trillion in market capitalization in the word's financial markets looking for investments. That money can now move around very easily. But even if a relatively small portion of that money goes after something - say, mortgages - it can quickly cause a bubble and a crisis. So all this good work we have done in the past few years to make our capital markets more efficient and open has also made them very hazardous, and we haven't done anything yet to address...
...Framework Convention on Climate Change (UNFCCC) gave all nations until Jan. 31 to sign onto the deal - in part because it was opposed by a handful of small countries - and to publicize the domestic actions they are willing to take to reduce carbon emissions. (See TIME's special report about the Copenhagen Climate Change Conference...
...goal proved to be a wake-up call, as Harvard picked up its speed and intensity for the remaining two periods. But all it took was one small defensive lapse to put the Crimson away for good, forcing it to make tough decisions late in the third...