Word: wealth
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...little more than a month ago, some critics thought “Avatar” was going to bomb—quite a lot of them, in fact. I even felt a little sorry for James Cameron, despite his tens of millions of dollars in personal wealth, and despite the fact that his previous films have become cultural icons, if not cinematic ones. Now that the industry’s pessimism has been mostly forgotten, I’d like to take a moment to imagine a different cultural landscape—one in which “Avatar?...
There are two versions of Harvard that the current Harvard is trying to reconcile. One Harvard is the Old Harvard. The Old Harvard was good. It was the Harvard of the Core Curriculum, exams after winter break, incredible prestige, great wealth, and easy spending. Sure, it had its problems, but the Old Harvard was in no rush to fix them...
...emphasize the mainstay of Fitzgerald’s work. As the play progresses, and the narrator comes to realize the careless arrogance that defines Daisy, Tom, and Jordan, the backdrop remains a stark foreshadowing of what lies beneath the lavish glamour of these characters. Stripped of their displays of wealth, the three characters are as cold and unfeeling as the world ERS has created around them. As the set reminds us, even Gatsby has clung so desperately to a passionate dream that will never exist, that the American dream he actually has achieved cannot disguise the empty futility...
...brink, citing the effects of everything from deregulation to the misaligned incentives of people selling financial products. But Stiglitz has his sights on a larger problem as well. For too long, he argues, economists and policymakers have relied on the erroneous assumptions that markets are fundamentally efficient and material wealth is the best measure of an economy's health. "The model of 19th century capitalism doesn't apply in the 21st," he writes. What we need now is "a new vision"--one that recognizes innovation as the true engine of economic growth and views government as a facilitator...
...long, slow process of job recovery sets in. Like TR, Obama need not condemn the self-interested and entrepreneurial spirit of Wall Street. He need only argue the truth: Business is underpinned by certain social norms, which are being undermined. Like TR, Obama should condemn misconduct and not condemn wealth. TR’s theme was that prosperity demands a certain level of trust between Wall Street and Main Street. When the economic elite forget that they are also citizens, the trust between the privately powerful and the rest of the public is breached. When houses are foreclosed after irresponsible...