Most businesses would rather fire employees than cut their pay, though cutting pay could mean that more people keep their jobs. It doesn't make sense, but it does seem to be how management thinks. Read More
And Who is Really Wealthy?
A recent survey by Fidelity Investments showed: “Some 42 percent of more than 1,000 millionaires . . . said they did not feel wealthy. Respondents had at least $1 million in investable assets,...” Read More
Seeing and Not Seeing
Many simple mistakes are obvious once you see them -- and almost impossible to detect before you do. Writing in The New York Times recently, Joseph Hallinan noted our tendency to infer what we see rather than actually look closely. Read More
Keeping It in Perspective
The earthquake and Tsunami in Japan may not have as much of an economic impact on the world as we feared. “Globally, Japan will likely be a growth hiccup,” says The Wall Street Journal. On the other hand, many of us are reacting on a more personal level.... Read More
A recent survey revealed unprecedented levels of stress among college students in the US. Many commentators leaped to the conclusion that this reflected the uncertain job market. But do high levels of unemployment actually cause stress in students?
The line between what we know and what we don't know is not as sharp as we would like to believe. Did Madoff's bankers know about his Ponzi scheme, as he insists they had to? Did they not know? Or did they not know that they knew it?
We tend to assume that we have confidence in ourselves based on who we are and what we have done - or we don't. We think we feel good about ourselves consistently - or we don't. But it turns out that these internal beliefs are actually quite volatile. Read More
An important way to be mindful about money is to keep your head when your heart is involved. All too many relationships get into trouble when personal finances are joined before each party gets to understand how far they can trust the other.
The financial reporter for The New York Times Gretchen Morgenson notes that the report of the Financial Crisis Inquiry Commission "makes for compelling reading because so little has changed." It's what's missing that captured her attention.
More ink is spilled on the subject of leadership than almost on any other topic in our culture. That's probably a sign of how little we know about it -- and how desperate we are to understand the knowledge and skills we lack.
We all have our personal theories about what helps and what hinders our mind's capacity to think. And our culture is rife with fads. There is probably no more engaging question for us to ask ourselves than how we can enhance our mental powers. But there is little hard evidence about what actually works.
More Americans say they go to church than actually do, according to recent research. As Shankar Vedantam reported on Slate, "two in five Americans say they regularly attend religious services," but studies of actual behavior show that the real number is half that.
The American Psychiatric Association has decided to eliminate Narcissism as a personality disorder. It probably it has to do with the absence of rigorous diagnostic standards, a problem of particular concern to researchers.
In an unexpected convergence, the logic behind WikiLeaks is coming to resemble the ideology of the Tea Party movement. They are both anti-establishment, of course, and seem to relish rebellion and defiance. But Assange's hero is Daniel Ellsberg. . . .