Word: controller
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Dates: during 2000-2009
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Whether the first-year President was truly indignant about the headline emblazoned on the front page of her morning newspaper or whether her reaction was merely an attempt at damage control is difficult to discern. Regardless, Drew G. Faust, in a break with her usual public restraint, wasted no time in quashing the report.“Harvard is not ‘rethinking’ Allston,” she wrote that December morning in 2007 when the article was published. “I am unequivocally committed to moving aggressively and ambitiously forward, and to making our unfolding...
...under heaviest fire is Value at Risk, which, unlike Black-Scholes, was born of the demands of the trading floor.VaR projects the maximum loss a company will suffer in a given day assuming typical market conditions, such as 95 or 99 percent of the time. Senior management can then control the risks assumed by the firm by directing traders to increase or decrease the VaR, depending on the company’s appetite for risk.But VaR modeling does not describe events that occur the other 1 percent of the time. In the New York Times best-seller...
Harvard University Health Services is suggesting that the Harvard community forgo “the traditional handshakes and embraces that accompany graduation ceremonies” in light of a recent uptick in the number of students presenting flu symptoms. Donna Campbell, a UHS nurse practitioner and infection control surveillance officer, said that while there have been no recently-confirmed H1N1—“swine flu”—cases at Harvard, “you make a presumptive diagnosis based on symptoms.” She said she could not give a precise number...
...nation’s founders clearly saw this danger. In Federalist 51, James Madison defended the virtue of divided government: “If angels were to govern men, neither external nor internal controls on government would be necessary. In framing a government which is to be administered by men over men, the great difficulty lies in this: you must first enable the government to control the governed; and in the next place oblige it to control itself...
...system is that it is self-correcting. The problem is that the corrections meted out by an understandably outraged electorate often push the pendulum too far in the opposite direction. Last November, voters understandably upset with Republican excesses, gave the Democratic Party the presidency along with complete and expanded control of Congress. Predictably, one-party Democratic rule is proving susceptible to the same dangers that befell Republicans, and have befallen so many predecessors throughout our history...