Word: understands
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...just a few banks. Breakups would distribute risk over a greater number of players and would probably be good for the banks as well. Most financial firms are trading at very low multiples these days because of their inherent trading and balance-sheet risks. Most investors just can't understand them. They are too much like black boxes. Once you lessen the risk, the value of the strong underlying banking franchises ought to be more visible and appreciated. (See TIME's 2009 Person of the Year: Federal Reserve Chairman Ben Bernanke...
...cancer center that offers seminars on how patients can benefit from this emerging science, I can attest that most have never heard of epigenetics. Yet everything in our environment--the way we think and feel, our exposure to stress--affects the way our DNA is expressed. Once we understand this premise, we can incorporate strategies to effect epigenetic changes--including neurogenesis, the growth of new nerve tissue in the brain...
...antireform liberals Joe Klein disparages in "Village Idiots" [Jan. 11]. While the value of the health care reform bill is debatable--30 million people may get coverage that may or may not be worthwhile--I can't understand why anyone would not be outraged that the government is forcing them to buy private insurance from an industry that routinely pays CEOs seven figures while denying sick, dying people coverage. How is that not outrageous...
...task for their unwillingness to compromise. "On some very big things, we've seen party-line votes that, I'm just going to be honest, were disappointing," Obama said. "I'm ready and eager to work with anyone who is willing to proceed in a spirit of goodwill. But understand, if we can't break free from partisan gridlock, if we can't move past a politics of no, if resistance supplants constructive debate, I still have to meet my responsibilities as President...
...batteries, caponiers and a torpedo station can be seen, as well as bullet holes from the Japanese invasion pockmarking the ruined billets - mainstream visitors will enjoy the general displays that showcase Hong Kong's maritime history from the Ming dynasty to the present. If it is impossible to understand the great port of Hong Kong without first understanding its relationship to the sea, then the Museum of Coastal Defence provides an excellent introduction...