Word: accounting
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Dates: during 2000-2009
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...professors were only allowed to read the report behind closed University Hall and department chair doors. Concerns soon swirled in FAS that planning for Allston was a “fait accompli” and that objections and discussions about Summers’ plans were not being taken into account. Ironically, then as now, FAS suffered from fiscal difficulties, for which Summers advised, “we would all do well to be very prudent in the use of our resources.” Yet he continued to keep the Faculty in the dark about how Allston would be financed...
...Improbable,” Nassim N. Taleb, who has held positions at Columbia, Wharton, and NYU, argues that these events—which he dubs “black swans”—are the most important determinants of the course of history. Models that fail to account for them are all but useless. Even so, Merton insists that the “degree of sophistication” and the “mindset” in risk management have greatly improved in recent decades, since VaR was developed and popularized. But as its use became widespread...
...ratios are becoming increasingly unbalanced in many parts of the world, especially in China and India (which account for 37 percent of the global population). The normal sex ratio at birth is roughly 106 males for every 100 females, but it may presently be as high as 120 for young people in China, or as high as 111 in India. This shift may arise from preferential abortion or the neglect of baby girls relative to boys. Gender imbalance may also have other determinants, such as large-scale migration of one or the other sex in search of work...
...regional disparity in cohort research is enormous. Taking into account population, cohort studies of Africans have produced a tiny fraction of medical research articles compared to wealthier areas. For every one article on high blood pressure published on Africans, 9 are published on Europeans, and 50 are published on people from the US. Disparity in the actual numbers of adults enrolled in cohorts is even worse. Taking into account population, we estimate that for every African enrolled in a cohort study, there are 190 Europeans and 1,000 Americans enrolled in cohorts. We do not doubt that smoking, obesity, high...
...Harvard, I have learned that, in fact, universities are funded by government, foundations, alumni, and other private donors who often thereby determine which forms of knowledge are useful and prestigious. Sometimes, unreasoned ethnic interests prevail, as when, in 2006, a top scholar was denied a job at Harvard on account of his non-specialist critique of Zionism...