Word: friedmanism
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...notion that investors should diversify their portfolios seems self-evident now. But when Harry Markowitz first proposed a systematic way to implement that strategy, the financial community scoffed and no less an economist than Milton Friedman was skeptical. Said he: "Harry, what's this? It's not mathematics; it's not economics; it's not finance...
...battle over educational vouchers blurs ideological lines by pitting theorists of the right and the left against cautious centrist reformers and the custodians of the educational status quo. The idea was popularized by economist Milton Friedman in his 1962 conservative classic, Capitalism and Freedom. Liberal activists then gave the notion a brief vogue in the early 1970s as an experiment sponsored by the Office of Economic Opportunity. The Reagan Administration tepidly tried to revive vouchers in the mid-1980s, and George Bush gave lip service to the concept during the 1988 campaign. But the current intellectual momentum stems from...
Some news executives attribute this youthful apathy to information overload and the explosion of media options. "We had one television in the house, and we had to watch the news when Daddy came home," recalls Steve Friedman, 43, executive producer of NBC's Nightly News; today's young people "have got their own TV and their own video systems." Friedman is trying to make the NBC newscast "more relevant" to young viewers by stressing family issues and adding touches of irreverent humor. Louis Heldman, who is studying how to counteract declining readership for the Knight-Ridder newspaper chain, observes that...
...boost ratings and, NBC said, to exploit Brokaw's skills as a reporter, the network plans to send him out on the road far more often: at least three times a month. Whenever he is away, Pauley will serve as "sub-anchor." Says Nightly News executive producer Steve Friedman: "Tom will be at the People's Congress in Moscow in July and then the NATO summit in London, but he'll be doing more than the big news on the road. We'll be trying to find the not-so-obvious things...
According to NBC sources, Brokaw was not even consulted before news president Michael Gartner replaced veteran Nightly News executive producer Bill Wheatley about a month ago with Friedman, a volatile former executive producer of Today. But because Brokaw and Pauley have been close friends since * working together on Today, he is to all appearances comfortable with her assignment, at least as long as she remains sub-anchor. "Read my lips: nothing has changed," says Brokaw. "There will be internal restructuring, but we will still be covering the news. Jane will liberate me, in a way." Brokaw points out, however, that...