Word: growning
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...crisis may be exposing another, more insidious, flaw. As the industry has grown, it has become harder to tell good investment managers from lucky ones - and lucky ones from outright frauds. In a recent paper, Dean Foster, a professor at the University of Pennsylvania's Wharton School, and H. Peyton Young, a senior fellow in economics at the Brookings Institution, argued that the lack of industry regulation makes bad managers nearly impossible to detect. By making bets that have a relatively low probability of failing - say, 10% - an unskilled manager has a 90% chance of making good...
...practice but will be expected to return to the squad within two weeks. Upon return, Housman must gel with Amaker, a former All-American point guard in his own right, for the team to have any chance of success this year.“I think our relationship has grown. We’re working hard to make that point guard relationship work because that’s important for the team,” Housman says of his relationship with Amaker. “We’re starting to see eye-to-eye a little more...
...currently on a five-game winning streak. the Crimson is unbeaten in its last eight games, claiming a record of 7-0-1 since September 27. “When the game starts, there are going to be 22 players, and every single one of those players has grown since the last matchup seven or so weeks ago,” Northeastern coach Ed Matz said. The Harvard offense has come alive during its unbeaten streak. The team has scored 20 goals in its past eight games. In its first nine games, the squad scored just seven times...
...cultural issues that have long divided Democrats - gay marriage, gun control, abortion - are receding in importance as a post-'60s generation grows to adulthood. Foreign policy doesn't divide Democrats as bitterly as it used to either because, in the wake of Iraq, once-hawkish working-class whites have grown more skeptical of military force. In 2004, 22% of voters told exit pollsters that "moral values" were their top priority, and 19% said terrorism. This year terrorism got 9%, and no social issues even made the list...
...country's leaders have grown rich from the land's bounty, even as most Burmese struggle just to feed themselves. Roughly one-third of civilians live below the poverty line. Last month, many Burmese, who get their news from clandestine radio broadcasts, were shocked by a BBC Burmese service report that claimed a daughter of junta leader Than Shwe had spent more than $80,000 on a gold shopping spree in the city of Mandalay. Than Shwe himself brooks no dissent. The offense of Saw Wai, the poet who was sentenced to two years in prison? Writing a love poem...