Word: aarons
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...when they advise reducing profit to control risk, even when other companies are pressing forward.While backward-looking VaR models relied entirely on data from past years, forward-looking VaR models were able to pick up on the increased volatility of the market before securities prices took a nosedive, says Aaron C. Brown ’78, a risk manager at the quant hedge fund AQR Capital Management. But when the forward-looking VaR suddenly rose—reflecting a dramatic increase in risk—warning signs went unheeded.“People have a tendency to ignore that...
...Melco Crown on June 1 is slated to open its City of Dreams project in Cotai, across the street from Adelson's Venetian, adding a 520-table casino and a Hard Rock Hotel to the market. Still, some analysts believe Macau's fortunes are starting to improve. Aaron Fischer, gaming analyst at brokerage CLSA in Hong Kong, says that China's economy is strengthening, which could benefit the city's tourism industry. He also notes the Chinese government seems to be loosening its tight visa restrictions on Chinese visitors. "We'll continue to see recovery because of these macro factors...
...helping to reconcile the 20th century Christian Europe that failed to save its Jews from near annihilation. Instead, eloquent and heartfelt as he may have been, Benedict came to Israel's Holocaust memorial and spoke neither as a man of his times nor his place. With reporting by Aaron J. Klein/Jerusalem
...Dalai Lama is just as interested in shrinks and academics as they are in him. In 2005, he met in Sweden with Dr. Aaron "Tim" Beck of the University of Pennsylvania, the inventor of cognitive therapy and, at 87, one of the most influential psychologists in the world. He's also met several times with neuroscientists specializing in research on brain mechanisms associated with various kinds of meditation...
...Since arriving at Harvard, Schachter has been a fixture on the university’s music scene. He plays piano and bass with both the Sunday and Monday Jazz Bands, has composed on commission for various ensembles, and has enjoyed the opportunity to perform alongside Herbie Hancock, Aaron Goldberg, and other jazz legends. Schacher credits Harvard Universiy Bands director Thomas G. Everett with getting him to “listen to good stuff” and for being his “de facto sugar daddy of the past few years” by arranging performance opportunities. Schachter also used...