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...Wednesday. "If he winds us up any more, I'm afraid there will be real bankers hanging from lampposts," Knight said, before adding: "Let's hope that that doesn't actually have to happen." A day later, the University of East London, which employs Knight as a professor of anthropology, suspended him. (See TIME's G-20 content...

Author: /time Magazine | Title: Hang the Bankers! Getting Ready to Vent in London | 3/28/2009 | See Source »

...good humor, there's a serious point to such protests. "Anger is an emotion that spurs collective action," says Bert Klandermans, a professor of applied social psychology specializing in protest behavior at Amsterdam's Free University. It's "an emotion that results from feeling that somebody is responsible for something, and could have acted differently," he says. For many, "the bankers did it wrong, and they did it wrong because they were greedy. That's what makes people angry." Still, getting wound up doesn't necessarily mean changing the world. Being heard, Klandermans says, is often enough. "In any demonstration...

Author: /time Magazine | Title: Hang the Bankers! Getting Ready to Vent in London | 3/28/2009 | See Source »

What's driving the denomination effect? First off, some consumers see large bills as more sacrosanct than a bunch of chump change. "People tend to overvalue bigger bills," says Joydeep Srivastava, a marketing professor at the University of Maryland's Robert H. Smith School of Business and a co-author of the study. "There's a psychological cost associated with spending a $100 bill that's not there with spending smaller bills." We tend to isolate the cash in our minds. Each $20 is a separate, less valuable entity than that single $100 bill. So it's easier to part...

Author: /time Magazine | Title: Want to Save Money? Carry Around $100 Bills | 3/27/2009 | See Source »

Kasisomayajula “Vish” Viswanath, an HSPH associate professor who works at the Dana-Farber Cancer Institute and is one of Koh’s most frequent collaborators, said that there is “remarkable resonance” in the civil and private sector to overhaul health care—and that Koh will be there to lead the effort...

Author: By Laura G. Mirviss, CRIMSON STAFF WRITER | Title: Koh Tapped To Be Assistant Secretary for Health | 3/27/2009 | See Source »

...economy and wants a Treasury Secretary he can trust. I know how he feels - things are really tough right now, you know? - but sometimes life isn't that simple. Sure, Paul Krugman looks like the guy every recession-weary gal dreams of, but it takes more than Princeton professor duds and a neatly trimmed beard to fix the economy. Geithner's nice enough, right? There's nothing wrong with him, right? And even though he seems unsure of himself and half the time I have no idea what he's talking about, Obama likes him, which has to count...

Author: /time Magazine | Title: An Ode to Paul Krugman | 3/26/2009 | See Source »

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