Word: 1980s
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...mindset” in risk management have greatly improved in recent decades, since VaR was developed and popularized. But as its use became widespread, its users became, on average, less knowledgeable about its application than the group of traders who created it in the late 1980s and early 1990s.“Some people thought they could hire a physics guy and put him to work in a ratings agency with no economics experience,” says Laibson, adding that economists recognized the inherent dangers of these models long before the current crisis.“The world...
...radar, the administration released the results of the survey—one-third of all female students reported experiencing sexual harassment at Harvard, but almost none of these women was willing to file a formal complaint.“Things were more under the table [in the 1980s],” said Gabrielle Gropman, a member of Harvard’s departmental staff. “If there was an incident of harassment at the time, it would be very likely that a woman wouldn’t know where to turn.”The University...
Amid a brewing global debate about how best to address the system of racial apartheid in South Africa, Harvard’s graduating classes in the mid-1980s sought to bring the issue closer to home. Beginning with the class of 1983, graduating seniors created an alternative fund to the traditional senior gift called the Endowment for Divestiture in an effort to pressure the University to divest its endowment funds from companies doing business in South Africa—a call that echoed the United Nation’s similar recommendation...
...University’s ownership of stock in companies that conducted business in South Africa and the country’s status as an apartheid state continued to stir debate on campus well into the 1980s and attracted national media attention...
...Still, alumni did not remember any major fallout over the higher drinking age. Some alumni said that as far as they could recall, drugs were actually more prevalent on campus than alcohol in the early 1980s...