Word: wallful
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...miss anything about the regular phone, I think it's the psychoanalyst's trick it employed: you're lying on a couch facing the wall, imagining nonjudgmental empathy from someone you can't see. In her book Alone Together, which comes out next year, Turkle writes about a study in which she found that people really like to talk to robots. As soon as you ask people to interact with a computer with artificial intelligence, they start unloading secrets. Robots, it seems, are less likely to take over the earth than they are daytime-television hosting jobs. (See the best...
China, contending with a huge trade surplus with the U.S., bought more and more Treasury bonds, pushing down yields and making Treasuries less attractive to other foreign investors. As a result, the rising demand for higher yielding U.S. debt opened the door for Wall Street investment bankers to spin out new classes of fixed-income securities, most notably collateralized debt obligations or CDOs. Much of the money raised by those investments was funneled in the mortgage market. That gave lenders the ability to make more loans, allowing more people to buy houses and push up real estate prices. Many...
...voiceover asks about the Republican candidate vying for Ted Kennedy's former Senate seat. The ad's answer comes in a quick montage of conservative Republicans, past and present - George W. Bush, Dick Cheney, Rush Limbaugh, Mitch McConnell - followed by a populist pitch. "He'll block tougher oversight of Wall Street, give more tax breaks to the wealthiest," the breathy announcer continues...
...industry on health care and protect the status quo, then let them defend that in an election," he said. "If they want to stand with the banks and the financial industries and protect the status quo, then let them explain that in an election." (See pictures of TIME's Wall Street covers...
...high and no steps are taken to deal with voter concerns about the deficit. The memo also cited polling showing many voters may be sympathetic to populist appeals. When asked to choose from a list what makes them most upset, 40% of respondents chose the phrase "big banks and Wall Street getting handouts while nothing is done for working Americans" as either their first or second choice. By contrast, the phrase "not enough is being done to create jobs" was chosen by only 16% of voters...