Word: timing
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...says it's actually a precious economic asset. In The Economics of Integrity, journalist Anna Bernasek writes that almost every aspect of the modern global economy - from getting cash at an ATM to trading gold in international markets - is possible only because of deep-seated trust. She talked to TIME about the financial crisis, what's wrong with the dictionary definition of integrity, and how trust creates wealth. (See pictures of the global financial crisis...
...long-term mentality of creating wealth to a slightly more short-term need for making money. There can be often a conflict between what I need to make money today and acting with integrity. Not really thinking, 'Gee, do I want to be here in 10, 20, 30 years' time?' can lead people to compromise on their integrity in pursuit of making money...
...TIME's Pictures of the Week...
...Bloomberg named Bo Moon was getting crushed in his fantasy-basketball league. So while commuting from New Jersey into Bloomberg's Manhattan offices, Moon and a car-pool colleague, Jay B. Lee, started wondering what would happen if the company applied its core expertise, the supply of real-time financial analytics to Wall Street traders, to sports statistics. (And while spending hours stuck in New York City-area rush-hour traffic, they had plenty of time to ponder.) After all, in many ways fantasy teams are similar to stock portfolios, with players as the assets. If Bloomberg could analyze...
...TIME's Pictures of the Week...