Word: arene
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...emotional energy that lifts moviegoers out of their seats, making them eager to tell their friends about the experience. Slumdog is not a standard indie film: glum, poky, wee. It's a sprawling epic, saturated in melodrama and romance, and capped by a big, Bollywood-style production number. People aren't seeing the movie as homework; they're seeing it because they've heard it's something that Hollywood too rarely gives them: a film they can fall in love with...
...study's deeper implication, according to Coates, may be for economic principles. "Efficient-market theory harbors the assumption that if you're not rational ... you'll be driven out of business," he says. "It's clear that traders aren't rational. They can be. But whether they're rational or not really depends on how they interpret information. It depends on the amount of steroid in the system." For anyone trying to come to terms with the global economic slowdown and the financial-market ruin that caused it, that ought to be little comfort...
...Despite all the pension-plan woes, employees who have a defined-benefit plan aren't as exposed to the market's volatility as people invested primarily in 401(k) plans, experts say. Even in the event of a corporate bankruptcy, employees with defined-benefit plans are to some degree protected by the Federal Government's Pension Benefits Guaranty Corporation...
Unfortunately, our puny human brains aren't particularly up to the task. Go back thousands of years and think about the simpler times of human existence. "We had a few friends; we had to be scared of a few animals. A trillion didn't come up very often," says Temple University mathematician John Allen Paulos, whose book Innumeracy addresses the topic. "There is a sense that when numbers are too big or too small, the brain just shuts off," says Colin Camerer, a professor of behavioral economics at the California Institute of Technology. "People either don't think about...
...Other cities in its sights include San Francisco, Boston and Charlotte, N.C. - anywhere local businesspeople raise seed capital and a bank will host low-cost savings accounts for borrowers with just a few dollars, since savings are a key part of the Grameen philosophy. "There are whole populations that aren't being reached by the banking sector," says Bob Annibale, director of microfinance at Citibank, which partners with Grameen in New York. Like other financial giants, Citi sees a lucrative new market in the unbanked. But attracting those customers isn't easy, and Citi is overjoyed to have Grameen deliver...