Financial crises are a lot like childbirth -- they both involve a lot of pain and end up costing you a lot of money. But, after a while, you forget about all the negatives and are ready to do it again. This propensity to forget, so useful when it comes to having babies, is incredibly destructive when it comes to our economy. So why do we do it? According to John Kenneth Galbraith, it's a combination of "the extreme brevity of the financial memory" and a general ignorance of history. As a result, boom and bust cycles are repeated endlessly -- and so is the response, in which reforms are proposed but, as the public's anger -- and memory -- weakens, so does the "reform." By the time reform measures are passed, lobbying has weakened them enough to make another crisis inevitable. Exhibit A: the JPMorgan trading loss and the renewed the battle over the Volcker Rule.
The financial crisis and the resulting political instability in Greece has led to desperation and despondency that have clouded the core values of the Greek people.
Say goodbye to the individual investor on Wall Street. Whatever positive impression they had of the IPO market and the stock market in general was just torched to the ground.
The moment I knew I needed more sleep was four years ago, when I learned the value of sleep -- the hard way. What was the moment you knew you needed to get more sleep? I want to hear your story.
If we really want to honor the Americans in uniform who gave their lives fighting for their country, we'll redouble our efforts to make sure we're worthy of their sacrifice; we'll renew our commitment to the rule of law, for the rule of law is essential to any civilization worth dying for.
I finally got to see Venus in Fur on Broadway. I had heard so many good things about it from people who love theater. They kept telling me, "It would make a great movie."
This holiday weekend, many Americans will feel what seems a powerful pain at the pump. But an American energy revolution that shifted meaningfully away from fossil fuels would require something more than episodic financial pain. It would require ongoing economic smarts.
Finding my former life list was like suddenly seeing the face of an old frenemy in the crowd: a warm feeling of intimate recognition, followed by hot stabs of anxiety and insecurity. Sorry for letting you down, Past Self, but you never did become a bellydancing snorkeler with a film degree from SVA.
It is for all of the wonderful men in my life that I am raising my voice about a disease that affects more than two million American men and remains the second-leading cause of cancer death for men in the U.S. We can make a difference with the progress of finding better treatments and ultimately, a cure.
I hate to be a killjoy, but Facebook, in economic terms, is a mirage, other than for Zuckerberg and anyone else who has founders' stock. It illustrates the need for salvation, not the road to follow to achieve it.
Regardless of how telegraphed last night's result might have been, it's still disappointing that talent continues to play second-fiddle to a pretty face, or what color that pretty face happens to be.
Mitt Romney epitomizes the unfairness of the American economy in this new Gilded Age. For that same reason, Romney is the quintessence of an economic approach shown to be anti-growth and anti-jobs. The president needs to tell this to the American people.
I made a comedy movie to go with this election cycle. But to be honest, I can't claim I was prescient about just how comedic the political scene would become. Or how tragic. And nothing fits better with tragedy than comedy.
Arguably the biggest lie coming from the Republicans and the Romney campaign is that President Obama is a tax and spend liberal who's directly and personally responsible for record deficits and a crushing national debt.
The system by which we fund higher education may be horribly broken, but that in no way means the people who are a product of it should be written off. Graduates should feel empowered to effect these changes. If they don't -- if they're all too cynical and feel there's no use in trying -- then we're in big trouble.
The biggest banks argue that if the lesser mortals who populate the institutions of democratic government don't understand the intricacies of their business, then we just shouldn't meddle.
The after-party was filled by the most stunning costumes and getups I had ever seen assembled in the same space: truly spectacular, like a tropical hothouse of the wildest, brightest carnivorous plants. We stayed all night, and stumbled out only in time for breakfast.
It's an uphill climb for Obama to even mildly criticize Mitt Romney for being a vulture capitalist given his lack of accomplishment in holding anyone on Wall Street accountable for the economic carnage they wreaked.
Here's the deal about this election year: Democrats are going to have blow off these attitudes by their Wall Street gang if they are going to have a chance to win this election.
Here's the other thing: Miss Piggy is so much more charismatic than Emily. It was almost unfair they had to share screen time. There was a running gag of Piggy getting jealous of Em and Kermit. And despite Kermit's best efforts to compliment Emily, it was clear he's way out of her league.
It's no surprise that Philip Kaufman -- perhaps the most European of American filmmakers -- was drawn to the passionate story of Ernest Hemingway and war correspondent Martha Gellhorn.
By no means is the three-year option for everyone. But if we can offer families the same quality undergraduate degree at a significantly reduced total price -- and I think we can -- why not do it?
Just as parents caution their children about the dangers of playing in the street or running with scissors, they must also educate and work with their children in developing personal privacy strategies.
Yesterday I get one of "those" phone calls that parents dread. My daughter had been escorted to the front office by the principal, and was cooling her heels there until a parent could come in and sort stuff out. Her life of crime had begun.
Obviously Barack Obama was right in criticizing Mitt Romney's stewardship of Bain Capital. How else to evaluate the business experience that Romney has made a central tenet of his campaign?