Word: smarted
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This is - there's really no denying it, although Geithner has tried - yet another giveaway to the rich and well connected. Then again, it's supposed to be. Luring smart, informed investors, who've been on the sidelines, into currently dysfunctional markets for mortgages and mortgage securities is the whole point. Some amount of wheel-greasing subsidy is needed - and the question of whether the plan offers too much is pretty much unanswerable. It will be easy to tell if it offers too little: no one will participate...
...percentage of this year's applicant pool than last year's. But reflecting "the demands of financial aid," says Bates, they make up only 24% of the admitted pool this year, in contrast to 28% last year. "You've always been in an advantaged position to be rich and smart," says Morton Schapiro, a higher-education economist and the president of Williams College, which does not consider financial need in admissions. "Now you're at an even greater advantage." If so, then you can chalk up one more casualty of the financial crisis: diversity on campus...
...weren't really headed over the falls. The U.S. auto industry has been in deep trouble for more than a quarter-century. The median household income has been steadily declining this century ... but, but, but our houses and our 401(k)s were ballooning in value, right? Even smart, proudly rational people engaged in magical thinking, acting as if the new power of the Internet and its New Economy would miraculously make everything copacetic again. We all clapped our hands and believed in fairies...
...that smart. Except, perhaps, Henry Paulson...
...That's just one of the many muddles described in the newly released book Know Your Chances: Understanding Health Statistics, by Drs. Steven Woloshin, Lisa Schwartz and H. Gilbert Welch. If you think you're a smart and skeptical reader of health news and pharmaceutical ads, you may want to read this book first and then think again. (See the top 10 medical breakthroughs of the past year...