Word: assets
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Dates: during 2010-2019
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This breakdown in global security has been accompanied by an even more dramatic reversal of global economic fortunes. In early 2000, the dot-com bubble burst. More significantly, the rise in asset values that supported much global prosperity turned out to be an illusion largely fueled by easy credit; when the bubble burst, highly leveraged speculative positions reversed gear, and the international financial system came uncomfortably close to crashing. Even more troubling, the ongoing Greek debt crisis has suggested that weaknesses in sovereign debt may trigger another, even more profound global financial meltdown...
Diversity—not only racial, but also religious, intellectual, cultural, and socioeconomic—is widely acknowledged as an asset at Harvard and its peer institutions...
This mentality was undoubtedly a huge asset in the group’s third match against Dartmouth. Shouting malicious and chauvinistic jabs, the Big Green fans berated the Crimson athletes. The behavior even elicited an apology from Dartmouth president Jim Yong Kim to Harvard president Drew Gilpin Faust...
...thrilled we’re getting to keep him,” said Computer Science Professor Michael D. Mitzenmacher. “He is going to be a true asset to SEAS in terms of his work, in terms of his personality, and in terms of the energy and excitement he will be bringing to Harvard...
...understand and communicate the limitations of data, that it is crucial to guard against unjustified trust in our preferred models (perhaps the author forgets that before the crisis, there were plenty of critics of the efficient market hypothesis who were using data and simulation to predict pathological behavior in asset markets). But a data-driven, formal approach to making policy decisions is quite frankly the best we can do and therefore essential. “Embracing uncertainty” and abandoning mathematical models, while assuming that human behavior isn’t even “remotely predictable?...