Word: thought
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...That's interesting, because it's often thought we've reached the pinnacle of commercialization. Yes. Every generation thinks that it invented sex and thinks that it invented the vulgar commercialization of Christmas. But actually, our holiday spending has moderated relative to the size of the economy in the last two generations...
...Have you thought about why do we do it? Why is there this huge splurge at the end of the year? Well, it's a bit of a puzzle. We don't do it with cash. Giving cash is very socially awkward. The exceptions are for parents to children, grandparents to grandchildren, aunts and uncles to nieces and nephews. It's O.K. for cash to flow from those of higher social status to those of lower social status, but [otherwise] it's just considered a tacky thing to do. Which makes the growth of gift certificates remarkable, because they...
...case has drawn attention even though Cioffi and Tannin were relatively unknown. The hedge-fund managers are the only Wall Streeters who have faced criminal charges relating to the subprime-mortgage mess. Because of that, many saw it as a litmus test for cases against others who were thought to have had a role in causing last year's financial crisis. But the case may ultimately have much greater significance. The not-guilty outcome may signal the end of the era of e-mail prosecutions...
...even though e-mails can be credible evidence, prosecutors have taken it too far. "It has led prosecutors to bring cases that might not have been brought otherwise," says Arkin. "The problem is, e-mails can often be confusing. They are brief and often written without a lot of thought." Arkin and others say the Bear Stearns hedge-fund case shows that jurors understand that. Without other evidence, prosecutors will have a hard time convincing jurors that what someone wrote in an e-mail is definitively what they believe. (See the top 10 best business deals...
...minor revolution" with a couple of arresting alterations to the national dress. "Back then, the shalwar kameez - baggy trousers and long tunic - was basically a glorified pajama suit," she says, shuddering slightly at the memory. "Women would put it on every morning and then sleep in it. I thought this was gross." Khan replaced the shapeless shalwar with Capri trousers, and changed the dupatta (a large multipurpose scarf) into a Western-style neck scarf. "I've never looked back since." (See the top 10 models falling down...