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...Genius" is a term we tend to use all too liberally. But since 1981, this lofty club has had an unofficial gatekeeper: the John D. and Catherine T. MacArthur Foundation, whose MacArthur Fellowship is widely known as "the genius grant." (The foundation, which was created in 1978 and which annually distributes nearly $300 million in grants, avoids using the term, as it incorporates only "a singular characteristic of intellectual prowess" that doesn't reflect their recipients' assorted talents...
...with traditional views. Why the gap persists, Judge and Livingston aren't sure, but Judge thinks it might be have something to do with the different ways men and women sign onto new jobs. Women on the whole are less effective at negotiating salaries than men, and they tend to be less aggressive about asking for bigger salaries, or they accept employers' offers without negotiating at all. And Judge suspects that tradition-bound women may be even worse at it than their more egalitarian counterparts: "I would posit that egalitarian women are not as susceptible to settling for less...
...managing director of the money-management firm PIMCo, who wrote an essay last summer on "The Paradox of Deleveraging" that continues to resonate in financial and economic circles. When a debt-fueled investment bubble bursts, financial institutions that make their living off borrowed money (banks, investment banks, hedge funds) tend to want to reduce their leverage - their ratio of debt to equity. That's perfectly rational. But when everybody does it at the same time, big trouble ensues. "[N]ot all leveraged lenders can shed assets and the associated debt at the same time without driving down asset prices, which...
...Democrats win on Election Day and Republicans win in the post office." But as the popularity of early voting grows, the sheer number of voters involved makes that slice of the electorate more diverse. Polling in 2004 and 2006 has shown that those who utilize early voting still tend to be older, which would seem to help McCain-but they're also more educated and affluent, demographics that have supported Obama this year...
...course, there's a worst-case scenario: that McCain would, if elected, maintain his predecessor's chilly relationship with Spain. Spaniards may, on the whole, revile American politics and American comida de basura (junk food), but they still tend to measure their Prime Minister's international worth by the esteem with which the U.S. President holds him. And so, for the past four years, the Spanish Prime Minister has tried, ever so earnestly, to prove that he's one of the big boys. At every international summit he has tried to maneuver himself into position for a photograph with Bush...