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...worth. The models proved spectacularly wrong because they precluded the possibility of an outsize event. Once big shocks, like declining home prices, started hitting, the models broke down. According to a report by a group of U.S. and international regulators, while some firms tried to understand what would happen to their models in truly adverse conditions, plenty of others didn't. In some cases, finance outfits barely examined their products, instead relying on the evaluations of outside ratings agencies, even as they accumulated more and more of those assets...
...risk morphs from a slop trough of moneymaking into a business line like any other, one that requires human beings to ask the big-picture questions that computer models don't, like, What would happen if fundamental assumptions--house prices go up, institutions are too big to fail--prove to be wrong...
...near future?TAM: Well, the menu’s a combination of budget and what’s available, but it’s mostly what students like and dislike. If there is a demand for more sustainable foods, we try to figure out how to make that happen. I think that’s becoming more important to people.6. FM: In retrospect, were you pleased with the results of Sustainability Week here?TAM: I thought it was great, yeah. The primary purpose is to get the greenhouse gas emissions down. I mean, that’s where the biggest...
...building process, but when these situations do occur for joint benefit, they must be fully pursued. The Allston Development Group must fully consider how each side will be affected by their plans, and act for the greatest possible benefit. Harvard may often deem that the greatest benefit will happen when the University grows, and that is their prerogative. What must be their priority is easing the relationship with Allston, and capitalizing on chances to better the ongoing relationship...
...record level of outreach to Evangelicals, and at a time when the Evangelical community is expanding its consciousness to focus on traditionally Democratic issues like the environment and poverty, this would have been the year for a real shift of support to take place. So why didn't that happen...