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...year, with the failure of the relatively small Pro-SWIFT. Pro-SWIFT had an imprudently large fraction of its assets invested in a single Georgia wind farm, which was forced to shut down for two weeks over protests that its turbines were killing large numbers of local waterfowl. The resulting revenue loss forced Pro-SWIFT to sell assets in an effort to service its maturing short-term debt. Although only $10 billion of assets were liquidated, they fetched just 60 cents per dollar of book value. J.P. Morgan, in purchasing the assets, noted that, “Our more conservative...
...result, the Corporation has been faulted for its secrecy...
...face. It’s just easier. This phenomenon is well documented. In How We Know What Isn’t So, Cornell psychologist Thomas Gilovich describes the human tendency to surround ourselves with those people who are most likely to agree with our established opinions. The result is that we all simply nod and nod and become more and more convinced of our own correctness without ever actually stopping to define or acknowledge our own true opinions. The successive nodding is great for our neck-muscle definition...
...result, I turned to human rights as a religion. And here is the loss: When the educated Druze woman and future mother cannot find solace in her religion, religious leaders need to assess priorities and introduce options in line with modern times...
...last five years, the University has moved toward a tenure track process that looks to promote professors from within the community. As a result, FAS chooses its junior faculty under the assumption that they will ride the tenure track through to a full professorship...