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...grasp that possibility. It turned out that Wall Street's greed - and by Wall Street, we mean the world of money and investments, not a geographic area in downtown Manhattan - was supplemented by ignorance. Folks in the world of finance created, bought, sold and traded securities that were too complex for them to fully understand. (Try analyzing a CDO-squared sometime. Good luck...

Author: /time Magazine | Title: How Financial Madness Overtook Wall Street | 9/18/2008 | See Source »

...Agency's work to nab terrorists before they strike and, increasingly, the cutting edge of medicine. Consider a "magic carpet" that detects changes in your elderly father's weight and gait--tipping off his doctor to a potential illness. The Numerati, Baker writes, try to model "something almost hopelessly complex: human life and behavior." They're making progress...

Author: /time Magazine | Title: The Numerati | 9/18/2008 | See Source »

...time in Cambridge, including chairman of the finance unit and director of faculty planning. He is also a currently a director of the Harvard Management Company, the group that manages Harvard’s $36.9 billion endowment. Light, a highly-regarded scholar who has written extensively about structuring complex financial transaction, also took a brief leave of absence in the late 1970s from the Business School to serve as the Ford Foundation’s director of investments. “I am delighted to be joining the Board of one of the world’s leading alternative asset...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: HBS Dean To Join Blackstone Board | 9/18/2008 | See Source »

...concert (and drunk) that she did not make eye contact with me the next few days at work. One of their final songs was a crowd favorite, “Zhong Nan Hai.” At the time I thought the song was about the complex of buildings that are effectively the headquarters of the Communist Party of China. I thought that I had perhaps stumbled upon a band singing true songs of (gasp!) protest—at least until the lead singer Zhang Shuowang broke into the chorus. It is not hyperbole to say that I have never...

Author: By Ruben L. Davis, CRIMSON STAFF WRITER | Title: Rock and Rebellion in Shanghai | 9/18/2008 | See Source »

...game often cruelly flatters to deceive. In a sport in which even the slightest error becomes terrifically magnified, a team that shows the spirit and offensive prowess to truly knock back its opponent can often be punished for that very same tenacity.At the University of Rhode Island (URI) Soccer Complex last night, the Harvard men’s soccer team (2-2) was that squad.Ninety-one minutes of attacking verve—replete with 65-percent possession and 14 total shots—came undone in the second minute of the extra period when URI substitute forward Erkko Puranen snuck...

Author: By Mauricio A. Cruz, CRIMSON STAFF WRITER | Title: Crimson Falls to URI in OT | 9/17/2008 | See Source »

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