Word: friedman
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...figure in the revival was the University of Chicago's Milton Friedman--and his libertarian ideological bent was certainly a factor. Friedman never believed markets were perfectly rational, but he thought they were more rational than governments. Friedman saw the Depression as the product of a Fed screwup--not a market disaster--and convinced himself and other economists (without much evidence) that speculators tended to stabilize markets rather than unbalance them...
...Friedman was a scientist too. During World War II, he used his mathematical and statistical skills to help determine the optimal degree of fragmentation of artillery shells. Officers flew back to the U.S. in the middle of the Battle of the Bulge to get his advice on the trade-off between the likelihood of hitting the target (the more fragments, the better) and the likelihood of doing serious damage (the fewer and bigger the fragments, the better...
Emboldened by this work, economists began to apply their number-crunching skills to the postwar market. Chicago graduate student Harry Markowitz devised a model for picking stocks that was, in Friedman's estimation, "identical" to his artillery-shell-fragmentation trade-off. And in the late 1950s, scholars at Chicago and the Massachusetts Institute of Technology became enamored of the idea that stock-market movements were, like many physical phenomena, random...
...typical day in his Kirkland suite, Michael “Mikey” J. Friedman ’11 could be found singing “Hakuna Matata,” playing with the protein modeling computer program Pymol, or coming up with some harebrained scheme to entertain and distract his friends, they said. The aspiring oncologist passed away in early October at the age of 19, bringing an end to his four-and-a-half year battle with desmoplastic small round cell tumor, a rare and aggressive form of cancer. Friends and family said that Friedman exuded brightness?...
...several stills from drone video seen by TIME, it's hard to tell if a group of men is kneeling in prayer or the men are militants in battle formation. "The basic problem with all aerial reconnaissance is that it's subject to error," says George Friedman, who heads the security firm Stratfor. "But in a place like Pakistan, errors have enormous political consequences...