Word: york
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Dates: during 2000-2009
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...Detroit I applaud TIME's decision to spend a year in Detroit looking at the city's and region's challenges and efforts at revitalization [Oct. 5]. However, I find it curious that you start intensive research into the city with an opinion piece by a resident of New York who left Michigan four decades ago. With all due respect to the acclaimed Daniel Okrent, simply reciting old grievances repeatedly rejected by voters, such as my having "resisted ... more stringent mileage standards," seems counterintuitive to the magazine's mission. I would ask that Okrent take another look at my work...
...both central to the world and remote from it. The country is situated at the heart of Europe yet is not a member of the European Union. It didn't join the United Nations until 2002, despite the fact that Geneva has the largest U.N. office outside of New York. It has tough immigration and citizenship laws, but also one of Europe's highest immigration rates. A fifth of its 7.5 million population are foreigners, mostly from Western Europe, but increasingly from Turkey, the Balkans and beyond...
Jane Torres, NEW YORK CITY...
Behind each twist and turn of last year's financial crisis was a small club of (mostly) men--many of them friends, plenty more rivals--who determined, often by the seat of their pants, how events would unfold. In Too Big to Fail, Sorkin, a New York Times reporter, takes us inside the cozy world of Wall Street chieftains and their Washington alter egos. Why did the U.S. Treasury Department ask Congress for $700 billion in bank-bailout funds? Because $500 billion felt too small and $1 trillion politically impossible; one staffer, charged with justifying the figure, laughed...
Until recently, economists had done shockingly little work in this area. "Nobody had looked at the flip side, which is, Can there be costs?" says Thomas Philippon, a young Frenchman who teaches finance at New York University's Stern School of Business. "That is because it's harder to measure, and it's a bit more controversial." Philippon has begun trying to fill this research gap, and while he hasn't come up with definitive answers, he has made some very interesting discoveries. (See 25 people to blame for the financial crisis...