Word: understood
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...balance. We borrow against our houses and pensions to live in a way that dares us to actually grow old. "Never invest in any idea you can't illustrate with a crayon," Fidelity mastermind Peter Lynch advised, but we embraced all kinds of investments about which we understood nothing except the hollow promise that they would never fail. When the economy began to swoon we kept spending, effectively sending ourselves rebate checks from accounts already way overdrawn, as if it would make us feel better to buy a new TV and charge it to our kids. States fund their schools...
...most effective warnings are like the most effective TV ads: easily understood, specific, frequently repeated, personal, accurate and targeted. Paulson and his grim reapers managed only to repeat themselves frequently. They were not easily understood, partly because the problem is so complex. They did not personalize or target their warnings. And, as they themselves admitted, they did not know if their warnings were necessarily accurate, due to the novelty and unpredictability of the crisis...
...charge to be able to multitask—or, if need be, delegate to those with the expertise to address the problems at hand. As Senator Barack Obama has constantly reminded the world, McCain has said that economics “is not something I’ve understood as well as I should.” Senator Chris Dodd and Congressman Barney Frank ’62 are the chairs of the finance committees in their respective legislative chambers. They, along with President Bush’s economic team, have the know-how and can-do attitudes to engineer...
...same kids year after year, Yurgelun-Todd has been able to watch their brain-activity pattern - and their judgment - mature. Fledgling physiology, she believes, may explain why adolescents so frequently misread emotional signals, seeing anger and hostility where none exists. Teenage ranting ("That teacher hates me!") can be better understood in this light...
...years, from torture to rampant war to widespread mismanagement and the gutting of civil liberties. Instead, it caricatures the people who put those policies in place and neglects the arguments—some of them convincing—that made those policies possible.This is the reality Clintonian politics never understood: many on the other side of the political divide aren’t rabid partisans. They’re citizens genuinely concerned about the best way to run the country, and they find plausible answers coming from both political parties. When deciding on their vote, they’re loth...