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James Goodman

CM150 Listening: Our Most Used Communications Skill | University of Missouri Extension - 0 views

  • Listening is the communication skill most of us use the most frequently. Various studies stress the importance of listening as a communication skill. A typical study points out that many of us spend 70 to 80 percent of our waking hours in some form of communication. Of that time, we spend about 9 percent writing, 16 percent reading, 30 percent speaking, and 45 percent listening. Studies also confirm that most of us are poor and inefficient listeners.
  • Listening training unavailable Even though listening is the communication skill we use most frequently, it is also the skill in which we've had the least training. From personal experience, we know we've had much more formal training in other major communication skills — writing, reading, speaking. In fact, very few persons have had any extended formal training in listening. The same is true of informal training. It's not difficult to find workshops and conferences that provide opportunities to improve our writing and speaking skills. But it is difficult to find similar training programs to sharpen listening skills.
  • Thought speed greater than speaking speed Another reason for poor listening skills is that you and I can think faster than someone else can speak. Most of us speak at the rate of about 125 words per minute. However, we have the mental capacity to understand someone speaking at 400 words per minute (if that were possible). This difference between speaking speed and thought speed means that when we listen to the average speaker, we're using only 25 percent of our mental capacity. We still have 75 percent to do something else with. So, our minds will wander. This means we need to make a real effort to listen carefully and concentrate more of our mental capacity on the listening act. If we don't concentrate, we soon find that our minds have turned to other ideas.
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  • We are inefficient listeners Numerous tests confirm that we are inefficient listeners. Studies have shown that immediately after listening to a 10-minute oral presentation, the average listener has heard, understood and retained 50 percent of what was said. Within 48 hours, that drops off another 50 percent to a final level of 25 percent efficiency. In other words, we often comprehend and retain only one fourth of what we hear. We all want to be more than 25 percent efficient. It's not difficult to see the many problems inefficient listeners can create for themselves and others. Poor listening causes us many personal and professional problems.
  • Listening is hard work Another likely reason for inefficient listening is that it's hard work to listen intently. Have you been forced to listen intently for an extended period of time? Try to remember your feelings. You were probably physically and mentally tired after such a period of concentration.
  • Ten worst listening habits Nichols has described in speeches and articles the "10 worst listening habits of American people." He says that listening training is primarily eliminating bad habits and replacing them with good listening habits and skills. Here are the 10 bad listening habits. You'll recognize some that you have and that you can make an effort to correct.
  • Three ways to improve listening skill Nichols says there are three things that you can do to help yourself stop wasting thought power and become a better listener. One is to anticipate the speaker's next point If you anticipate correctly, learning has been reinforced. If you anticipate incorrectly, you wonder why and this too helps to increase attention. Another is to identify the supporting elements a speaker uses in building points. By and large, we use only three ways to build points: We explain the point, we get emotional and harangue the point, or we illustrate the point with a factual illustration. A sophisticated listener knows this. He or she spends a little of the differential between thought speed and speaking speed to identify what is being used as point-supporting material. This becomes highly profitable in terms of listening efficiency. A third way to improve yourself as a listener is to periodically make mental summaries as you listen. A good listener takes advantage of short pauses to summarize mentally what has been said. These periodic summaries reinforce learning tremendously.
James Goodman

The real causes of the economic crisis? They're history. - The Washington Post - 0 views

  • They say that winners get to write history. Three years after the meltdown of our financial markets, it’s clear who is winning and who is losing. Wall Street — arms outstretched in triumph — is racing toward the finish-line tape while millions of American families are struggling to stay on their feet. With victory seemingly in hand, the historical rewrite is in full swing. The contrast in fortunes between those on top of the economic heap and those buried in the rubble couldn’t be starker. The 10 biggest banks now control more than three-quarters of the country’s banking assets. Profits have bounced back, while compensation at publicly traded Wall Street firms hit a record $135 billion in 2010.
  • Meanwhile, more than 24 million Americans are out of work or can’t find full-time work, and nearly $9 trillion in household wealth has vanished. There seems to be no correlation between who drove the crisis and who is paying the price.The report of the Financial Crisis Inquiry Commission detailed the recklessness of the financial industry and the abject failures of policymakers and regulators that brought our economy to its knees in late 2008. The accuracy and facts of the commission’s investigative report have gone unchallenged since its release in January.So, how do you revise the historical narrative when the evidence of what led to economic catastrophe is so overwhelming and the events at issue so recent? You and your political allies just do it. And you bet on the old axiom that a lie is halfway around the world before the truth can tie its shoes.
  • If  you are Rep. Paul Ryan, you ignore the fact that our federal budget deficit has ballooned more than $1 trillion annually since the financial collapse. You disregard the reality that two-thirds of the deficit increase is directly attributable to the economic downturn and bipartisan fiscal measures adopted to bolster the economy. Instead of focusing on the real cause of the deficit, you conflate today’s budgetary disaster with the long-term challenges of Medicare so you can shred the social safety net.
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  • If you are Alan Greenspan, you retreat from your 2008 epiphany in which you acknowledged your “state of shocked disbelief” that “the whole intellectual edifice” of your deregulatory ideology had collapsed. Now, you condemn reform efforts as “the current ‘anything goes’ regulatory ethos” — a phrase that paradoxically recalls your own failed policies at the Federal Reserve. In short, after driving the economy over the cliff, you offer to give driving lessons.If you are JP Morgan’s chief investment officer, you refute the statement that your chairman and chief executive, Jamie Dimon, made to the FCIC in 2010 blaming the failures of major financial institutions on “the management teams 100 percent and . . . no one else.” You revise your opinion on the causes of the crisis to instead focus blame on government housing policies. The source for this newfound wisdom: shopworn data, produced by a consultant to the corporate-funded American Enterprise Institute, which was analyzed and debunked by the FCIC report.
  • If you are most congressional Republicans, you turn a blind eye to the sad history of widespread lending abuses that savaged communities across the country and pledge to block the appointment of anyone to head the new Consumer Financial Protection Bureau unless its authority is weakened. You ignore the evidence of pervasive excess that wrecked our financial markets and attempt to cut funding for the regulators charged with curbing it. Across the board, you refuse to acknowledge what went wrong and then try to stop efforts to make it right.Does historical accuracy matter? You bet it does.   Traveling down a road unfettered by facts will take us far from where we need to be: prosecuting financial wrongdoing to deter future malfeasance; vigorously enforcing financial reforms to rein in excessive risk; and rooting out Wall Street’s conflicts of interests, abysmal governance and badly flawed compensation incentives.Worst of all, it will divert us from the urgent task of putting people back to work and creating real wealth for America’s future. Over the past decade, we squandered trillions of dollars on rampant speculation rather than on making investments — in technology, infrastructure, clean energy and education — that increase our productivity and economic strength. The financial sector’s share of corporate profits climbed from 15 percent in 1980 to 33 percent by the early 2000s, while financial-sector debt soared from $3 trillion in 1978 to $36 trillion by 2007. With tens of millions still unemployed, isn’t it time to shift from an economy based on money making money to an economy based on money creating jobs and genuine prosperity?
James Goodman

The Supreme Court's continuing defense of the powerful - The Washington Post - 0 views

  • The United States Supreme Court now sees its central task as comforting the already comfortable and afflicting those already afflicted. If you are a large corporation or a political candidate backed by lots of private money, be assured that the court’s conservative majority will be there for you, solicitous of your needs and ready to swat away those pesky little people who dare to contest your power.
  • This court has created rules that will have the effect of declaring some corporations too big to be challenged through class actions, as AT&T customers and female employees at Wal-Mart discovered.
  • In 1912, Theodore Roosevelt warned that the courts had “grown to occupy a position unknown in any other country, a position of superiority over both the legislature and the executive.” Worse, “privilege has entrenched itself in many courts just as it formerly entrenched itself in many legislative bodies and in many executive offices.”What happens to a democracy when its highest court dedicates itself to defending privilege? That’s the unfortunate experiment on which we are now embarked. ejdionne@washpost.com
James Goodman

Brain-Changing Hammocks - The Sweet Pursuit - Utne Reader - 0 views

  • It’s summertime, and hammock season is here. Time to lay back, sway under a shade tree, let the breeze kiss the soles of your bare feet, and drift off. Certainly a hammock can help you relax, but new research suggests it can also alter brain activity to improve sleep. In a study published in the June 2011 issue of Current Biology, neuroscientists at the University of Geneva claim that gentle rocking makes people fall asleep faster and experience deeper sleep by synchronizing brain waves.
  • The researchers enlisted 12 men to take two afternoon naps in a quiet, dark room on a bed that could simulate the gentle rocking motion of a hammock. (Chances are, they didn't have a hard time rounding up volunteers.) For one nap, the bed rocked; for the other, the bed was stationary. Cynthia Graber of Scientific American reports the findings:
  • All the men fell asleep faster when they swayed. And the scientists monitored the men’s brain activity during all the naps. They found that rocking increased the duration of what’s called N2, a non-REM stage that accounts for about half of a good night’s sleep. Rocking also increased deep-sleep-associated brain activity—so-called slow oscillations as well as bursts of action called sleep spindles. Though the conclusions drawn from this naptime study are encouraging, the jury is still out on whether hammocks can alleviate insomnia at night. But, why wait for proven results? Put down the Ambien and try a hammock.
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James Goodman

The Sun Is the Best Optometrist - NYTimes.com - 0 views

  • WHY is nearsightedness so common in the modern world? In the early 1970s, 25 percent of Americans were nearsighted; three decades later, the rate had risen to 42 percent, and similar increases have occurred around the world.
  • There is significant evidence that the trait is inherited, so you might wonder why our myopic ancestors weren’t just removed from the gene pool long ago, when they blundered into a hungry lion or off a cliff. But although genes do influence our fates, they are not the only factors at play. In this case, the rapid increase in nearsightedness appears to be due to a characteristic of modern life: more and more time spent indoors under artificial lights.
  • Our genes were originally selected to succeed in a very different world from the one we live in today. Humans’ brains and eyes originated long ago, when we spent most of our waking hours in the sun. The process of development takes advantage of such reliable features of the environment, which then may become necessary for normal growth. Researchers suspect that bright outdoor light helps children’s developing eyes maintain the correct distance between the lens and the retina — which keeps vision in focus. Dim indoor lighting doesn’t seem to provide the same kind of feedback. As a result, when children spend too many hours inside, their eyes fail to grow correctly and the distance between the lens and retina becomes too long, causing far-away objects to look blurry.
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  • In short, the biological mechanism that kept our vision naturally sharp for thousands of sunny years has, under new environmental conditions, driven visual development off course. This capacity for previously well-adapted genes to be flummoxed by the modern world can account for many apparent imperfections. Brain wiring that effortlessly recognizes faces, animals and other symmetrical objects can be thrown off by letters and numbers, leading to reading difficulties. A restless nature was once helpful to people who needed to find food sources in the wild, but in today’s classrooms, it’s often classified as attention deficit hyperactivity disorder. When brains that are adapted for face-to-face social interactions instead encounter a world of e-mail and Twitter — well, recent headlines show what can happen.
  • Luckily, there is a simple way to lower the risk of nearsightedness, and today, the summer solstice — the longest day of the year — is the perfect time to begin embracing it: get children to spend more time outside. Parents concerned about their children’s spending time playing instead of studying may be relieved to know that the common belief that “near work” — reading or computer use — leads to nearsightedness is incorrect. Among children who spend the same amount of time outside, the amount of near work has no correlation with nearsightedness. Hours spent indoors looking at a screen or book simply means less time spent outside, which is what really matters. This leads us to a recommendation that may satisfy tiger and soccer moms alike: if your child is going to stick his nose in a book this summer, get him to do it outdoors.
James Goodman

When Did the US Begin Sacrificing Freedom and Democracy for Corporate Governance and We... - 0 views

  • In our wildest madness we dream of an equilibrium we have lost.-Albert Camus
  • The other day at the doctor's office, I picked up a typical fashion magazine left opened on the coffee table for something to do.  The cover highlighted a young actress half-naked and doing her best to look sexy, which is not unusual in a commercial society that promotes women as sex objects. 
  • It is also considered normal by today's standards for an eleven-year-old girl to believe that the sexier she is-the more valued and appreciated she will be in our society. As for the boys, they're occupied for hours playing violent video games that give them the thrill of exploding humans with powerful weapons in the pursuit of joyful killing.
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  • I'm old enough to remember when young Americans questioned established norms, when they wanted to practice a sort of hip stoicism by realizing that less is more.  We never if rarely hear about the virtue of moderation in our political discussions or from the entertainment media world of film and sensational news.
  • J.S. Mill wrote in his classic essay On Liberty that "everyone lives as under the eye of a hostile and dreaded censorship."  In a commercial society, there is no room for spiritual growth, for rational criticism, for the cultivation of well-developed human beings. You know something's gone terribly wrong when a young child is told through media reinforcement that he will be valued on the lack or gain of wealth and materialism, and she on sex appeal, not by the content of his/her character.
James Goodman

Café au Lait Publishing proudly presents - 0 views

  • “I don’t believe in marriage. No I really don’t. Let me be clear about that. I think at worst it’s a hostile political act; a way for small minded men to keep women in the house and out of the way wrapped in the guise of tradition and conservative religious nonsense. At best it’s a happy delusion. It’s two people who truly love each other and have no idea how truly miserable they’re about to make each other. But…but when two people know that and they decide with eyes wide open to face each other and get married anyway then I don’t think its conservative or delusional, I think its radical and courageous and very romantic.” Spoken by Ashley Judd playing the character of Tina Modotti in the film Frida (2002)
James Goodman

HOW, AND WHEN, TO MAKE A DECISION | More Intelligent Life - 0 views

  • Seemingly trivial things have a huge influence on the way that we make decisions, research shows. Bill Ridgers reports ...
  • You have a big decision to make. Whether to put in an offer on a house, say, or change jobs. Which of the following will help you make the right choice: being in a state of sexual excitement or having a full bladder? Most likely, it is not something you have pondered. Psychologists, however, have long studied the ways that external factors such as these influence our decision-making. A full bladder, apparently, helps us take more rational, long-term decisions. At least that was the finding of a study carried out by Mirjam Tuk, a professor at the University of Twente in the Netherlands.
  • If true, Tuk’s findings are interesting because they challenge an established psychological theory called “ego depletion”. This states that we only have a finite well of self-control. Each time we deny ourselves something—whether going to the bathroom or choosing a salad for lunch, rather than the sausage sandwich we really wanted—we use up some of our reserves. The theory of ego depletion was developed by Roy Baumeister, a psychologist at Florida State University. In practical terms, he says, this means that if you have an important decision to make, you shouldn’t draw from your well of self-control beforehand. Reserves, he says, can be depleted in all sorts of ways: “Even things like trying to look interested at a boring meeting, trying to pretend your boss’s jokes are funny or not saying something unkind to your spouse when you are angry.”
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  • Decision-making ability can be thought of as akin to a muscle, Baumeister says, in that it is liable to be worn out with overuse. For some, this effect can be life-changing.
  • The reason, Ackerman believes, is that touch is the first sense that we develop after birth. “People learn how to make decisions about the world by understanding what they’ve already experienced, and that means the physical world.” The ability to think in the abstract, of course, comes much later.
  • Another area of interest to the study of decision-making revolves around sleep deprivation. Professor Michael Chee, a neuroscientist at the National University of Singapore, says that most of us already realise that making decisions when we are exhausted is not advisable. Yet the effect that tiredness has on us is counter-intuitive. Chee says that we tend to believe that we become overly cautious in order to compensate. But the truth, he says, is that a lack of sleep makes us much too optimistic in our decision-making.
  • To return to the original question, being sexually aroused, alas, is not an aid to decision-making. Studies have shown that it can make us impetuous, much as you’d expect. But what is striking is that we greatly underestimate its effect. When Dan Ariely, a professor at Duke University in America, and author of “Predictably Irrational”, experimented on his undergraduates, he found that they had no idea of the extent to which they were being led by their libidos. One reason, Ariely believes, is that we have only a limited mix of emotion and cognition to draw upon. Increase one and you automatically detract from the other. So Robin Williams may have been making a valid psychological point when he said: “God gave men both a penis and a brain, but unfortunately not enough blood supply to run both at the same time.”
  • But if all our decisions are so influenced by external factors, that raises an inevitable question: to what extent are we involved in our own decision-making? Professor Ackerman believes the answer is very little: “All of these subtle influences suggest that most of what is causing our behaviour we are really not aware of. People are just very good at post-hoc reasons for their behaviour.”
James Goodman

Project Renaissance, The State of Today's Culture - 0 views

  • Conscious/unconscious motivation First, we have to understand the difference between conscious and unconscious motivation. In every aspect of life, most people are acting consciously from one set of motivations but unconsciously are acting from very different motivations. For a century, behavioral science has been familiar with the phenomenon of people with poor self-image and self-expectations who, when faced with imminent "success" (however defined), drastically change what they were doing — for all kinds of rationalized reasons — to ward off that success and to self-sabotage themselves back to the familiar grounds of failure. Likewise, some of those who appear to be the very highest-minded people are frequently observed to be involved with arguments which serve their own stakes and beliefs and interests, despite clear commitment in other topical areas to objectivity and even to intellectual rigor. The people of whom one would expect the highest degree of objectivity and integrity, "above question," are often so far also above self-question as to be especially vulnerable to this effect. The more convinced, many times on many valid grounds, one is of one's own rectitude, the easier it is to not notice niggling contrary evidence or that one's own positions and actions are flowing from a different, less high-minded set of motives.
  • Behaviorally, it has become popular in recent decades to refer to everyone's having, beneath their human and cortical mind, a "reptilian" or "limbic" brain whose first concern is survival and whose next, second, concern is to keeping things much the way they already are. This "lower" brain pushes most of our buttons even when we think we are consciously making "high-minded" or objective, "rational" choices. Those among our readers here who are into the self-help literature have seen a lot of such discussion, and there is a fair amount of truth to it. Behavioral science has known for more than a century that the brain circuitry for every conscious act and decision and even stimulus, however much it may involve the "highest" regions of our cortex, also passes through such "limbic" organs and structures as the amygdala, thalamus and hypothalamus — the parts of our brain most concerned with emotion and patterned-reflex responses.
  • There is no act of intellect or high logic in human functioning which does not also involve, and which is not also affected, consciously or unconsciously and mostly unconsciously, by these organs for emotion and patterned-reflex response. The less we are conscious of this, the less we suspect the emotional biases of our own reasoning, the less we factor this dimension into account, and the more subject we are to acts and decisions whose outcome stems not from our "high" conscious minds but from our emotional reflexes.
James Goodman

What We're (Not) Eating: A Potential Danger Of Gluten-Free - Meghan Casserly - Girl Fri... - 0 views

  • It’s no wonder, then, that the young cheerleaders found the increasingly prevalent condition of gluten sensitivities the perfect cover for what turned out to be very real cases of anorexia. By the end of the school year, two out of the three girls were in treatment for eating disorders and the third was taken out of school by her parents.
  • Julie Dorfman, director of Nutrition at Philadelphia’s Renfrew Center, the country’s first residential facility for the treatment of women with eating disorders, is not surprised. “With the eating disordered population, I’d say that 110% of them are using intolerances or food ‘problems’ as a means to avoid eating these foods in a socially acceptable way. Gluten just happens to be the fad right now.”
  • Stacey Rosenfeld, Ph.D, a psychologist who specializes in eating disorders is in the camp of those who believe that using medical or pseudo-medical reasons for restrictive diets is often a cover-up for disordered eating.  “Nobody wants to be called out on an eating disorder or obsessive eating,” she says, “so anything they can do to hide it, they will.”
James Goodman

Vex and the city - NYPOST.com - 0 views

  • Yet new research in the field suggests that there are universal triggers, behaviors that almost all of us find inappropriate. Overhearing a one-sided cellphone conversation, for example, tops the list of irritants, transcending generations, gender and cultures.While this may seem unsurprising — people tend to raise their voices on cellphone calls, and their migratory nature can feel as though someone is cavalierly invading our personal space — there’s a cognitive reason they particularly grate: Our survival once depended on predicting what someone would say or do next.“You might think that when you’re having a conversation with someone, your brain is focused on listening,” the authors write. “In fact, your brain is focused on guessing what the person is going to say.”It’s unconscious and automatic — as is the desire to predict when something is going to end. The excruciation of overhearing a cellphone call isn’t just related to the banality of the conversation, or the pitch and volume of the voice — it’s hoping to God that it’ll be over soon, but having no sense how likely that is.
  • To be a New Yorker is to be in a perpetual state of annoyance. Leaving doesn’t help — if anything, it only exacerbates the tendency to be annoyed.
James Goodman

Need Therapy? A Good Man Is Hard to Find - NYTimes.com - 0 views

  • Aggression is another. Many men grow up in a world of hostile body language and real physical violence that is almost entirely invisible to women. A bar fight that sounds traumatic to a female therapist may be no more than a good night out for a man. Likewise, a stare-down in the sandbox that looks vanishingly trivial from a distance may lie like a poisoned well in the stream of the unconscious.
  • In just the past few years, psychologists have identified a number of issues that are, in effect, male versions of the gender-identity issues that so many mothers face in the work force: the self-doubt of being a stay-at-home father, the tension between being a provider and being a father, even male post-partum depression.
James Goodman

A New Gauge Helps to See What's Beyond Happiness - NYTimes.com - 0 views

  • “They wanted to win for its own sake, even if it brought no positive emotion,” says Dr. Seligman, a professor of psychology at the University of Pennsylvania. “They were like hedge fund managers who just want to accumulate money and toys for their own sake. Watching them play, seeing them cheat, it kept hitting me that accomplishment is a human desiderata in itself.”
  • This feeling of accomplishment contributes to what the ancient Greeks called eudaimonia, which roughly translates to “well-being” or “flourishing,” a concept that Dr. Seligman has borrowed for the title of his new book, “Flourish.” He has also created his own acronym, Perma, for what he defines as the five crucial elements of well-being, each pursued for its own sake: positive emotion, engagement (the feeling of being lost in a task), relationships, meaning and accomplishment.
  • “Well-being cannot exist just in your own head,” he writes. “Well-being is a combination of feeling good as well as actually having meaning, good relationships and accomplishment.”
James Goodman

201 Ways to Arouse Your Creativity | Write to Done - 0 views

  • Electric flesh-arrows … traversing the body. A rainbow of color strikes the eyelids. A foam of music falls over the ears. It is the gong of the orgasm. ~ Anais Nin
  • Creativity is like sex. You fumble your way through, you get lost in it, you fall in love. Both are passionate, rhythmic, pleasurable, and flowing. Both can bear fruit. And both can rack your soul with vulnerability, bliss, fear and awkwardness.
  • Talk to a monkey. Explain what you’re really trying to say to a stuffed animal.
James Goodman

Snake Oil? The scientific evidence for health supplements - 0 views

  • This image is a “balloon race”. The higher a bubble, the greater the evidence for its effectiveness. But the supplements are only effective for the conditions listed inside the bubble. You might also see multiple bubbles for certain supps. These is because some supps affect a range of conditions, but the evidence quality varies from condition to condition. For example, there’s strong evidence that Green Tea is good for cholesterol levels. But evidence for its anti-cancer effects is conflicting. In these cases, we give a supp another bubble.
James Goodman

Just How Dangerous Is Sitting All Day? [INFOGRAPHIC] - 0 views

  • Sitting down, which most of us do for at least eight hours each day, might be the worst thing we do for our health all day.We’ve been preaching the benefits of stand-up desks for a while around here — and no one needs this good news more than social media-obsessed web geeks. A recent medical journal study showed that people who sit for most of their day are 54% more likely to die of a heart attack.And our readers are receptive to the idea, too. In fact, in a recent poll, three-fourths of you said you already used a stand-up desk or you’d like to try one.So if you need more convincing, check out these graphically organized stats from Medical Billing and Coding. We like it for the information it contains, but we love it for the Saul Bass, Vertigo-esque graphics.
James Goodman

Net Worth, Self-Worth and How We Look at Money - NYTimes.com - 0 views

  • The Klontz study asked 422 people about 72 money-related beliefs and then analyzed correlations among the answers. This produced four broad categories that Mr. Klontz called “money scripts”: money avoidance, money worship, money status and money vigilance. How does he define them?
  • Those who are in the money avoidance camp share beliefs that make them distance themselves from money. Mr. Klontz said this group may be worried about abusing credit cards. They may believe that they do not deserve to have money and may sabotage their own financial well-being. People in this group tend to have low incomes and net worth. They also tend to be younger. People who fall into the money worship camp would seem to be the opposite, but their behaviors are equally destructive. They believe that an increase in income or a windfall will make everything better and love the status derived from the things that money can buy. This belief also lands people in debt because they use whatever credit they have to buy things that will impress others.
  • “They believe money will solve all of your problems,” Mr. Klontz said. “This is the money belief pattern that afflicts the majority of Americans.” Anxiety about money status occurs when people’s self-worth is linked to their net worth. These people often take bigger financial risks because they want to have the stories of big gains to impress their friends. (Don’t expect them to tell you when those big bets do not pay off.) The only affliction that did not have an overwhelmingly negative impact on people’s financial future was money vigilance. People with this disorder do not like to share information about their income or wealth, but they also do not spend foolishly. Still, excessive wariness about spending can keep these people from enjoying the benefits of what money can buy. On the other hand, while they did not necessarily have higher incomes, they paid off their credit card bills each month. “Maybe some anxiety and vigilance around money is good for your bottom line,” Mr. Klontz said. Not surprisingly, the four money scripts illustrate problems that have less to do with money than with what money represents. But what may be surprising is that the study found few links between who held what belief and their family background, race, gender, education level or income.
James Goodman

The Law Is Usually on the Buyer's Side - Shortcuts - NYTimes.com - 0 views

  • First, there’s the concept of the implied warranty. Yes, we all know that any major appliance or product is going to fail days after the manufacturer’s warranty runs out. But apparently, that’s not the end of the story. Have you heard about the concept of “implied warranty of merchantability?” It is part of the Uniform Commercial Code, first published in 1952. That means, said Anthony Giorgianni, associate finance editor for Consumer Reports Money Adviser, that when a retailer sells you something, it is giving you an unwritten assurance that the item being sold will perform how it is supposed to for a reasonable period of time. This implied warranty overrides any return policy or limitations in the manufacturer’s warranty. All states have adopted, in some form or another, this provision of the Uniform Commercial Code or similar legislation, he said.
James Goodman

Who's in Control? - by Jean Liedloff - 0 views

  • The Unhappy Consequences of Being Child-Centered
  • It appears that many parents of toddlers, in their anxiety to be neither negligent nor disrespectful, have gone overboard in what may seem to be the other direction.
  • Put simply, when a child is impelled to try to control the behavior of an adult, it is not because the child wants to succeed, but because the child needs to be certain that the adult knows what he or she is doing. Furthermore, the child cannot resist such testing until the adult stands firm and the child can have that certainty. No child would dream of trying to take over the initiative from an adult unless that child receives a clear message that such action is expected — not wanted, but expected! Moreover, once the child feels he has attained control, he becomes confused and frightened and must go to any extreme to compel the adult to take the leadership back where it belongs.
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