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...easy to chalk that up to simple human carelessness. Certain economists, though, have another way of looking at that and similar findings. They see a systematic psychological breakdown - as a species we're just really bad at understanding costs that come later on. Instead, we assign a disproportionate amount of importance to what's immediate and tangible. We lock eyes with that initial low rate and can't look away. (And, yes, credit-card companies get that...
Norman R. Shapiro ’51 has been affiliated with Adams House for several decades. During the 1940s and 50s, before the college began using randomization to assign student housing, he reveled in the house’s strong artistic community and later became a house tutor. “Even when I went off to make a living in the real world,” he says, “I found that I was never so far that I couldn’t come back.” Shapiro is currently a professor of Romance languages...
...named the paper's film critic within six months. His byline has appeared in the paper ever since. In the intervening decades, he has won the Pulitzer Prize and served as the host of a nationally-syndicated weekly TV program, in which he and Gene Siskel would assign films their trademarked thumbs-up, or thumbs-down judgments...
...User Assistants—FAS IT’s student employees who staff the help desk and the clinic—remain unclear. Selsby denied that the economic crisis has significantly affected student employees, adding that the eliminated shifts were often left unstaffed after the lottery process used to assign shifts at the beginning of each semester due to student preferences. Selsby indicated that FAS IT will prioritize its infrastructure and provided services in responding to the economic crunch, though he emphasized that the UA program also remains high amongst those priorities, since the department already considers the program...
...list of people and institutions to blame for the financial crisis would include credit-rating agencies - the companies that assign letter grades to everything from General Electric's bonds to Malaysia's sovereign debt, indicating the chances that investors will lose money. The CEOs of the three largest agencies - Moody's, Standard and Poor's and Fitch - were assailed by Congress in October for the way their firms made record profits while raising few, if any, red flags about how massively risky mortgage-related securities had become...