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...behavioral textbook. He has also read Nudge, which inspired him to pick his friend Sunstein - best known as a constitutional scholar - to run the Office of Information and Regulatory Affairs, the obscure but influential corner of the Office of Management and Budget where federal regulations are reviewed and rewritten. "Cass is one of the people in the Administration he knows best," says Thaler, the founder of behavioral economics and co-author of Nudge. "He knew what he was doing when he gave Cass that job." (See who's who in Obama's White House...

Author: /time Magazine | Title: How Obama Is Using the Science of Change | 4/2/2009 | See Source »

...previous two years. She was pilloried for her connection to John-Roger and the Movement of Spiritual Inner Awareness, which some claim is a cult. Less hardy souls might have fled the spotlight, but not Huffington. On the Internet, after all, nothing is set in stone; everything can be rewritten. History can be changed with a simple refreshing of the page...

Author: /time Magazine | Title: Arianna Huffington: The Web's New Oracle | 3/19/2009 | See Source »

...modest portions with others. Each readily admits to making occasional mistakes with money, but even Warren Buffett has made occasional mistakes with money. Their bitterness stems from a feeling that they've held up their end of the social contract, but now the terms of the deal have been rewritten by malign forces. "It's a different world and a different time," Stevens said ruefully. "Even if you work hard you get laid off." Zachery put it this way: "It's not the United States anymore. Those at the top have sold out the bottom for money...

Author: /time Magazine | Title: House of Cards: The Faces Behind Foreclosures | 2/27/2009 | See Source »

...help the housing market. In an effort to churn demand and stabilize home prices, the bill created a $7,500 tax break for first-time home buyers. It also created a program to prevent foreclosures. Unfortunately, no major lenders signed up. Bottom line: only 25 loans have been rewritten...

Author: /time Magazine | Title: How to Fix the Housing Market | 2/12/2009 | See Source »

...aggressive loan-modification effort at the failed IndyMac Bank, and that program is now a template for what the government might encourage at a national level. Basically, the FDIC wants to set up a series of incentives, like $1,000 for each modification, as well as loss sharing, should rewritten loans run into trouble...

Author: /time Magazine | Title: Will Loan Modifications Lift the Housing Market? | 2/6/2009 | See Source »

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