In many ways the Wall Street investment bank went extinct in 2008 when Bear Stearns and Merrill Lynch were acquired by JPMorgan and BofA, Lehman Brothers filed for bankruptcy and Goldman Sachs and Morgan Stanley petitioned to be declared commercial banks by the Federal Reserve. Still-developing regulatory changes will continue to reshape the industry after the crisis, and one long-time banker is hopeful the investment model could start to resemble its past incarnation, when when being a trusted advisor to clients was the chief concern.
A new 20-year analysis of over 14,000 psychology studies finds that a study’s media coverage is negatively linked to its replicability.
Apart from the energy needed to flip the switch, no other energy is needed to transmit the information.
While cities drive national economic growth, their political geography means they cannot effectively deal with inequality, poverty, and other socioeconomic problems.
Research suggests that emotional intelligence is more vital for success than IQ.