Word: greates
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...collapse of several Wall Street giants that relied on quantitative forecasting, they say that the fundamentals of quantitative techniques remain intact.But at the same time, there is a new note of humility—an explicit recognition that the world is complex, formulas are imperfect, and humans are fallible.THE GREAT UNKNOWNWhile debates continue to rage over the length, severity, or causes of the financial crisis, economists have agreed on one of its effects: a renewed caution about the predictive powers of mathematics.Harvard Business School professor Robert C. Merton says that finance, unlike other subfields of economics, had never claimed...
...education. So, to the thousands gathered today for Harvard Commencement, I say, “Come stand with us. Join the bucket brigade. Put something big in one of those three buckets, with no restrictions. Our students deserve it. Our President deserves it. And you, the graduates of this great university, deserve it as well. As we look around today, take note: we are all in this together...
...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...
...that, despite what some CIA loyalists might reflexively think, would be great news for the agency. In fact, if I were Panetta, I would neatly gift wrap counterterrorism, put a bow on the top, and hand it over to FBI Director Robert Mueller. It can't be any clearer that renditions, harsh interrogations (if not torture) and secret prisons have been a catastrophe for the CIA, promising to tie it up legally for years to come, not to mention completely overshadow its successes. With the torture scandal sucking up all the oxygen, who today remembers that...
...John McHugh brings a great intellect and strong leadership capabilities to the position of the ranking member. The Republican leadership of the Armed Services Committee could not be in better hands." - Representative Duncan Hunter, on being succeeded by McHugh as ranking member on the House Armed Services Committee. (The Syracuse Post-Standard...