Word: blacked
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Fisher S. Black ’59 is a candidate for his contribution to the Black-Scholes model, which the blog claims to be "bogus" and misleading, resulting in an "explosive growth of financial derivatives...
Though Summers and Black are the only two Harvard mainstays to make the list, other bloggers think Harvard’s representation shouldn’t end there. Angry Bear, an economics blog, backs the idea that those who can’t, teach, lamenting that Professor N. Gregory Mankiw (“author of the textbook that corrupts more Econ 101 people than any other”) and Harvard Business School Professor Michael C. Jensen were excluded from the list...
...river voyage in Adventures of Huckleberry Finn. At its 1920s peak, Cairo was a boomtown of 15,000 people. But as river trade declined, so did Cairo. In the 1960s and '70s, the town was engulfed in racial turmoil: white residents formed vigilante groups, while Cairo's black population waged a three-year boycott of businesses that refused to integrate. What's left, after decades of white flight and economic stagnation, is an expanse of abandoned buildings, bulldozed lots and forgotten history. Around 3,000 people live in Cairo (pronounced Kay-ro), a third of them below the poverty line...
...October, the group opened the Ace of Cups coffee shop and bookstore - the first new business to launch in Cairo in four years. The windows are adorned with posters, and on the door is a carefully scripted sign in black Sharpie that reads "We Are Not For-Profit." Inside, the brightly painted walls are lined with stacks of used books. Johnston had invited friends to come and work at the coffee shop in exchange for free rent but got few takers. "A lot of people shook on it and then backed out," he explains. "A friend of mine basically told...
...anticommunist solidarity. Financial sanctions were beginning to bite and the price of maintaining the status quo was beginning to appear prohibitive. De Klerk, to his credit, realized that his people had more to gain from negotiating from a position of relative strength. And the political unrest in the black townships, combined with the expanding sanctions and growing isolation, helped him make the case to his own electorate...