Word: diamond
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Talk about a diamond-in-a-rough weekend for the women’s volleyball team. Despite her total of 46 kills and 39 digs over the span of two games, senior outside hitter Kathryn McKinley’s stellar performance simply wasn’t enough to carry Harvard past Brown or Yale...
...Bath House Rule An extension of the disclosure concern, Diamond reports, was explored by Jews through the unexpected vehicle of marriage law. The tractate Ketubot in the Mishna dictates that a betrothal is valid only if the bride-to-be has no hidden blemishes that would have disqualified the match, had they been public. However, there is a heavy responsibility on the groom: if he has relatives who could have observed the disfigurement by checking out his fiance in the womens' bath but neglected to do have them do so, he can't complain. This suggests (feminist complaints notwithstanding) that...
...Mark-Up Leviticus 25 of the Bible explains that you cannot charge the same price for land that is about to become useless (in this case, by reverting to its original tribal ownership) as for a parcel that still has decades of use left. Rabbinic tradition, says Diamond, interpreted that as a check on price-gouging and ruled that nobody should charge more than one-sixth above market value for anything...
...this last bit sounds too ethical to be true, that's because, these days, it is. "To be honest," Diamond explains, "In the medieval and the modern periods, Jewish law caved to the marketplace on this." The financial markets that Jews found themselves in routinely assumed profits of over 6%, and they followed suit. "It became more an aspiration than a duty," he says. "Let's say that the more pious among us would take this seriously in establishing prices that are responsible, based on the marketplace." Indeed, with the exception of those involved in specifically Jewish markets like...
...desire to apply them to the wider world may be growing. Diamond belongs to a group called Rabbis for Obama, and says that in light of the financial crisis, its members have begun to discuss how the old wisdom could mediate the new mess. The question these days, he says, is not whether Jews can be induced to be more ethical than the market, but whether the market can be made more ethical. "I think classic rabbinic tradition is certainly pro-regulatory," he says. Meanwhile, Yeshiva's Levine calls in his journal article for what he describes as "an incentive...