Word: stern
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...rules are set in stone, and so the eagerly watching British media sputtered when the First Lady of the United States, Michelle Obama, briefly put her hand on the back of Queen Elizabeth II as the two chatted at a reception. Etiquette is quite stern about this ("Whatever you do, don't touch the Queen!"). In 2000 John Howard, then Prime Minister of Australia, got plenty of criticism for apparently putting his arm around the Queen to direct her through a crowd. He denied actually touching her, but photographs suggest that he came quite close. (Another former Australian Prime Minister...
...Such studies are part of a growing trend in counseling and therapy that focuses on behavioral change - a new approach summed up by the Alcoholics Anonymous slogan "Fake it till you make it" - rather than the stern "talk therapy" of the Freudian era. Cognitive behavioral therapy, for instance, teaches patients to alter the physiological feedback cycles of certain conditions by slowing their breathing during panic attacks or cutting the hangdog look during periods of depression. Other popular forms of therapy may draw directly from a facial-feedback loop: laughter therapy, for one, seeks to harness the salubrious effects of engaging...
...always been integral to figuring out how to pay for health-care reform. But it wasn't initially clear that he was the ideal point man for the overall effort. "People had been concerned that [Baucus] was not as knowledgeable about the full breadth of health care," says Andy Stern, head of the Service Employees International Union, which has been at the forefront of the drive for health-care reform. "But he's there. He understands the contours of the debate. He understands the nuances involved. He's pushing everybody at a relentless speed. Without him, we wouldn...
That idea is similar to one put forth in a recently published book of economic-policy proposals written by professors at New York University's Stern School of Business. Under their system, a company that wanted to have its debt rated would pay a fee to a government-run centralized clearing platform, which would then pick a ratings firm. Firms, again, would be evaluated on the accuracy of their ratings over time. "It breaks the conflict of interest," says Matthew Richardson, a professor of applied financial economics at Stern...
...focused on mopping up the mess from the years of excess. "New banks see people having a tough time getting loans, plus their funding costs are cheap since rates are low and they pay next to nothing for deposits," says Richard Sylla, an economist at New York University's Stern School of Business. "There's a profit opportunity there." Odd as it may sound, it's a great time to start a bank...