Word: rationale
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The initiative system seemed rational when it was launched in 1911 to prevent railroad barons from buying off the legislature. But lots of things seemed smart back then, like having Asians focus on manual labor. Now special interests spend $100 million on advertising and can send out enough troops to...
Even though the economic rational for nixing the deal muted criticism in China today, the way it went still stings in Beijing. If a private sector company in the west had proposed buying a minority stake in Rio Tinto, would the Australian review process have taken as long? Or it...
This year, many students at Harvard watched as the financial crisis of last fall spiraled into one of the deepest recessions in living memory. But aside from the grim economic news, this past year has also brought with it a whole host of new international opportunities, controversies, and celebrations. The...
There exists an inexplicable force in sports, a mysterious element that can be sensed by players and fans alike. Every so often, an enigmatic situation or occurrence drastically changes a contest, and no one knows what exactly happened. The force was present when Red Sox first baseman Bill Buckner was...
Liddy had committed one unpardonable sin, or at least that was the story that several members of Congress wanted to believe. He had agreed to previously planned bonuses for AIG employees who worked in the part of the company that had created many of the insurance firm's losses. Liddy...