Afghan widows wait to receive food relief rations from a CARE International distribution centre in Kabul.

Banks, battles, and the psychology of overconfidence

The pace of economic decline appears to have slowed, but the labor market remains weak and, in response, the Federal Reserve is likely to maintain interest rates at "exceptionally low levels for extended periods,"

By Malcolm Gladwell in The New Yorker

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Picture of the day - Thursday, 23 July 2009