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...Richard Layard of the London School of Economics, the doyen of happiness economics in the U.K., agrees with the panel's recommendations. He says policymakers need not worry about growth. "My view about economic growth is that it's absolutely inevitable," he tells TIME. "It's simply the result of human creativity, and it will go on forever. But that won't be a huge factor in making us happier. What could make us happier is better human relationships." (See 10 big recession surprises...

Author: /time Magazine | Title: Searching for a Better Wealth Measure Than GDP | 9/16/2009 | See Source »

...hugely surprising that people who go into investment banking are greedy. People who went into investment banking in the '20s weren't altruistic. They wanted to get rich too. Nonetheless, their ambitions was much more tempered by the Protestant work ethic. It was more rooted in a moralistic view of the world and in community. At any investment bank, there are hundreds of people who work there who live thousands of miles from any relative. They're completely detached from anything like a community. If you live in a village and you rip people off, unless you're Bernie Madoff...

Author: /time Magazine | Title: Why We Hate Us | 9/16/2009 | See Source »

...much larger its “enrollment” will be this season. And while the introduction of the new show “Justice: What’s the Right Thing to Do?” makes it easier to get a more comfortable seat and a better view of Sandel, it is also an admirable continuation of Harvard’s commitment to its Extension School programs and to sharing its academic resources with the larger community...

Author: By The Crimson Staff | Title: A Just Decision | 9/15/2009 | See Source »

...contact with [Shelby's] staff and have been going over the proposal with them literally line by line," says a senior Treasury department official. Shelby and the Senate Banking chair, Democrat Chris Dodd, have also been working together closely. "[Shelby's] folks are deeply engaged and we share the view that he wants to get something done," says the senior Treasury official. (Read "Geithner's Toxic-Asset Plan: Wall Street Finally Cheers...

Author: /time Magazine | Title: On Finance Reform, Obama's Unlikely Partner | 9/14/2009 | See Source »

...does not want its own citizens to be held accountable for crimes in Afghanistan and Iraq? In my point of view, if there were acts of torture, they violated American law because America ratified the U.N Convention Against Torture. If we were part of the ICC, we would be expected to investigate these issues, and if there were a strong case, you would expect prosecution. That's what the U.S. is doing anyway. We respect one of the guiding principles of the ICC that the international court has jurisdiction that is secondary to the national court. Whether we are part...

Author: /time Magazine | Title: Stephen Rapp: Obama's Point Man on War Crimes | 9/14/2009 | See Source »

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