The Paulsen Problem in Operator Theory
  The Paulsen Problem in Hilbert space frame theory has proved to be one of the most intractable problems in the field. We will help explain why by showing that this problem is equivalent to a fundamental, deep problem in operator theory. Along the way we will give a new exact computation for chordal distances, we will give a generalization of these problems and we will spell out exactly the complementary versions of the problem. 
Peter G. Casazza and Jameson Cahill
math.FA