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Resentment may be another factor. While the New Deal is often remembered as a bailout for the little guy, the bailouts of Wall Street--launched by the Bush Administration and sustained by Obama--have been aimed at the affluent and have not merely made Americans skeptical of the explosion in spending but left them feeling shortchanged as well. Republican pollster Bill McInturff calls this "the notion that they're too big to fail and I'm too small to notice--that politicians have used the government to spend another trillion for the big banks and special interests...
...been around Harvard for more than 50 years, through challenge and change, and the wealth of talent in our community never ceases to amaze me,” added the former Lowell House history concentrator and active member of the A.D. final club, whose visage hangs on the wall of the upstairs bar room in the club’s house to this...
...North America, most Americans would probably conjure up a profile not unlike that of Najibullah Zazi - the Afghan immigrant who was arrested in September in Denver for allegedly plotting to bomb targets in New York. Zazi, who sold doughnuts and coffee from a vending cart not far from Wall Street, is a young, poor and poorly educated Muslim from a country where the U.S. is at war. It's not hard to imagine someone of that profile being manipulated by al-Qaeda's skillful propagandists and recruiters...
...Obama has made some attempts to play hardball with Wall Street, however. Last summer, JPMorgan tried to lowball the Administration on warrants it wanted to buy back from the government. JPMorgan's chief, Jamie Dimon, called Treasury Secretary Timothy Geithner in July personally to pressure him to sell at the low price. Geithner held out and auctioned the warrants off last week for tens of millions more than Dimon had offered, sources familiar with the negotiations tell TIME...
...Goodie, a psychologist at the University of Georgia in Athens who studies decision-making, told Naturenews.com that the research has profound implications for neuroeconomics, the study of how biology influences markets, by showing that "not only does biology affect economic behavior - so does belief." But John Coates, a former Wall Street trader and researcher at Cambridge University, warns against extrapolating too much from the study. Coates' own measurements of testosterone levels in the saliva of male traders found a link between higher levels of the hormone and risky behavior. He says there is a "dose-response curve" for testosterone, which...