Word: understandingly
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Meanwhile, a group of economists at the Federal Reserve Bank of Boston had been noticing the same thing. "We were trying to understand why these numbers looked the way they did," says Burcu Duygan-Bump. Partly because of conversations the economists had with Fed staffers in the banking supervision division, the group came to believe the aggregate data was obscuring the underlying dynamics of the financial system. "If you say New England has a snowstorm with an average snowfall of two inches, that might not reflect the fact that Boston got ten inches and northern Maine got none," says Ethan...
...control and less to do with actual wealth. "The loss of wealth is upsetting, but it's not just the losing money that gets you down," says Dan Ariely, a professor at the Sloan School of Management at MIT and the author of Predictably Irrational. "Not being able to understand what is going on is a main driver of unhappiness as well...
...what Edward Miller, a Honda spokesman in Alabama, calls a modern "harmonious flow" - having nearby vendors supply parts, and workers assemble them, as they're needed rather than stockpiling too much inventory or flooding the market with, say, gas-guzzlers no one wants to buy anymore. "Southern communities understand you can't tie organizations down with restrictions," says manufacturing management expert David Miller of the Alabama Productivity Center. "Successful auto companies in the South provide all the positives you'd find in a union shop...
...never really understand a person," Atticus says, "until you consider things from his point of view. Until you climb inside of his skin and walk around in it." Tolerance ripening into fascination, and then to empathy: that was Mulligan's strength, especially in his psychological portraiture of the young. You could call him the J.D. Salinger of directors and be grateful that, in his movie heart, he stayed so young so long...
...unwinding of the yen carry trade," says JPMorgan Chase's Sasaki, referring to the practice of buying low-interest yen and investing it in high-yield currencies. "It's a very strong and powerful movement and it's difficult to stop it. I think that Japanese officials understand that and that's why they haven't intervened...