In the News
“[Negative campaigning] has always been around. In 1800, John Adams’ campaign spread rumors that Thomas Jefferson was dead. If you have democratic
elections, you are going to have dirty campaigns.” §
“[Economists assume that] everything is subject to market pricing unless
proven otherwise. The problem is not that economists are unreasonable people,
it’s that they’re evil people. They work in a different moral universe.” §
?“The U.S. is not immune to vector-borne viruses [those spread by insects
or animals] and dengue [a fever spread by mosquitos] re-emerging globally should
be an eye-opener that it could be the next West Nile virus that hits the United
States. It’s endemic in Mexico. It’s endemic in Puerto Rico. It’s
all throughout the Caribbean. It’s knocking on our door.” §
“No vaccine is 100% effective. We know that the [chickenpox] vaccine
is extremely effective in preventing severe cases. What we now see are very
mild cases. But what we do know — what we are almost 100% certain — is
that the solution to that is another dose of the vaccine.” §
“The main difference [between the centuries-long tradition of reading
the Bible aloud and the new audio versions of the book] is that in oral cultures,
hearing is a communal experience. Between the headphones we tend to be closed
in on ourselves. Yet even in that private place, really good stories take us
into other worlds with other people. And the Bible has some awfully good stories.” §
“There is literally no question that [an unratified mutual defense compact
between President Bush and Iraqi Prime Minister Nouri Al-Malik] is unprecedented.
The country has never entered into this kind of commitment without Congress
being involved, period.” §
“While disclosure [of a researcher’s conflict of interest] may
warn an audience to cover its ears, it may also license the expert to yell
even louder.” §
“Indeed, it is never obvious how the government should foster well-functioning
markets. The fundamental role of governments in promoting markets is clear,
but the design of their instruments must make creative use of a great deal
of information about financial theory, human psychology and existing institutions
and practices. The successful markets we have are a result of considerable
inventive effort.” §
“You’ve got hard-fought contests for [the presidential nomination
in] both parties, and whenever you have a contested election with challengers,
those get the highest turnout. There’s no more engaging political story
than that. People want to vote when they think their vote will make a difference.” §
“[N]o area is more in need of reconceptualization — a problem-solving
reformulation — than education. It is the most important issue because
family, workforce and economic well-being, national defense, domestic tranquility,
and the maintenance and improvement of our democracy are all interrelated and
all tied to the quality of our system(s) of education. ... Begin this effort
with a program that is open to all, but weighted toward communities that demonstrate
a commitment to helping students develop in a way that promotes not only their
academic achievement, but also their preparation for meeting adult tasks and
responsibilities. Do not create a massive federal and/or state(s) program.
And don’t promise a quick fix.” §
“It used to be that managements always won these battles [against activist
stockholders] because the bulk of the investor base was inclined to support
management in any challenge. Those days are gone.” §
“Other things being equal, you would expect that if interest rates are
lower and earnings expectations are higher, that would drive stock prices up.
This time, people may be more pessimistic about earnings due to mortgages and
other issues.” §
“But as economists, we’re here to tell you that plain, old-fashioned
financial incentives — the risk of losing a substantial amount of money — are
a pretty effective tool. Commitment contracts are a way for people to steel
themselves today against tomorrow’s temptation. ... Rob Harrison, a lecturer
in legal writing at Yale Law School, has been using commitment bonds for the
last decade to help students overcome writer’s block. Students have given
him checks of up to $10,000 written to charity and authorized Rob to mail the
checks if they failed to turn in a paper by a particular time. For the first
five years, students made the checks payable to charities that they liked,
but about five years ago, a student suggested that making the checks out to
charities they didn’t like would be an even more effective incentive.
The great news is that Rob has never had to mail one of these commitment checks.” §
“For most Americans it is all but impossible to imagine a time when murder,
torture and intimidation — terrorism — determined our own elections.
But in the election violence of 1868-1876 during Reconstruction, we can find
a homegrown brand of American terrorism that forever mars America’s claims
as a political model for the world. ... Such violence [by anti-Reconstruction
Southern Democrats] included dragging blacks who had voted or organized as
Republicans from their homes and subjecting them to torture and sometimes ritual
execution. It also included assassinations of constitutional convention delegates
as well as Republican sheriffs and members of state legislatures. Rifle clubs
tended to carry out killings and intimidations in the comfort of groups, targeting
local politicians and citizens, while their goals were the broader destruction
of black civil and political rights and the end of Reconstruction regimes.” §
“While nuts are indeed rich in fat content, it is, for the most part,
of the healthful variety. … The one potential downside to nuts in their
native state is the high calorie content they provide, although the jury is
out on the effects of nut consumption on weight. It appears thus far that nuts
are particularly good at satisfying appetite, in which case the calorie cost
of nuts may be a price well paid. The other concern about nuts is what we do
to them. Often, they are not in their native state when consumed. By the time
we’re done roasting, coating and salting, the nutritional profile of
a naturally nutritious nut may be a shadow of its former self.” §
“The search for safe and effective treatments to improve and rejuvenate
the tone, color and texture of the aging face is never ending.” §
“[D]epression may be multifactorial, and therefore treatment approaches
should include medication, talk therapy, lifestyle changes and exercise. However,
it is important to note that if patients don’t respond to treatment provided
by primary-care doctors, they may consider getting a referral to see a psychiatrist.
Patients who fail to respond to treatment may need a more complex medication
regimen, usually offered by specialists in mental health.” §
“As they drafted and debated the Constitution [and its requirement that
a president be at least age 35], the founders knew that the sitting English
prime minister was William Pitt, the younger, whose father (William Pitt, the
elder) had headed the ministry before the American Revolution. Young Pitt had
entered Parliament at age 21 and had become prime minister at age 24. America’s
Constitution aimed to prevent something similar from happening here. By 35,
a favorite son of a famous father would have his own record on which he could
be judged. Conversely, meritorious low-born men would have time to rise through
the ranks.”
T H I SW E E K ' SS T O R I E S
Geneticist cited for research on hypertension
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