Word: friedman
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...Dead-heads into the muggy District afternoon, capitalism's sores ran openly. Professional scalpers wanted double the face value of tickets. Sadly, they had learned the some of the tour lingo and snapped, "I've got your miracle right here for 40 bucks." But the real Dead-head, with Friedman in mind and set lists in hand, pressed on; miracles are not bought from people draped in gold and beepers...
Officials failed to inform members of the Boardof Overseers of the change before they told thepress about it. And Benjamin M. Friedman, chair ofthe economic department, first learned that Green,who is Wells professor of political economy, wouldbe returning to his department when a reportercalled...
...Benjamin M. Friedman, chair of the economics department, first learned of the move when he was contacted by a Crimson reporter. Green left his post to return to teaching in the economics department...
...another thing, the announcement came late in the afternoon, and neither Green nor almost any of his Mass. Hall colleagues would comment on it. Moreover, almost nobody knew that the Provost was stepping down until the news release was issued--including Maier Professor of Political Economy Benjamin M. Friedman, chair of the department to which the Provost is supposed to return...
...what has Wall Street finally wrought at the end of the day? Like nuclear power, derivatives perform a useful function. But they also contain a great deal of risk that must be carefully controlled. "Are derivatives here to stay?" asks Friedman of Goldman Sachs. "Certainly they are. Like many other instruments, they can be used to excess. But they can also be used for extremely beneficial purposes." It will be up to watchdogs in government and on Wall Street to ensure that the beneficial side of derivatives prevails, and that they do not follow pyramid schemes and savings and loan...