Word: mellone
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Dates: during 2000-2009
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While many foreign universities already have Indian partnerships in place, their models of business vary. Carnegie Mellon, for instance, has for the past eight years offered a master's program at the Chennai-based Sri Sivasubramaniya Nadar School of Advanced Software Engineering. Students fork over $53,000 for the 18-month program - 15% lower than if the coursework were done in the U.S. They also spend the last six months at Carnegie Mellon's Pittsburgh campus. The London School of Economics offers three-year undergrad degrees in economics, finance and management through the Indian School of Business and Finance (ISBF...
...cars haven't exactly taken the world by storm. Reva - which has received venture capital from Draper Fisher Jurveston, the Global Environment Fund and Mellon HBV Master Global Event Drive Fund - has sold only 3,000 cars over the past eight years. Half of those have been exported to Europe, mainly to London...
Early work by positive psychologists had established intriguing correlations between happiness or optimism and factors like wealth, marriage, health and longevity, but there was little in the way of rigorous science to explain these associations. Now that's beginning to change. At Carnegie Mellon, for instance, psychologist Sheldon Cohen has been exploring exactly how positive emotions affect the body. (This is the flip side of previous work by Cohen and others linking stress, Type-A behavior and negative emotions to lowered immunity, heart disease and shorter lifespan.) Cohen's research shows that people with a "positive emotional style" have better...
...crisis now head for riskier assets. Throw in concerns over the U.S.'s spiraling deficit and calls from China for an alternative reserve currency, and "the likelihood is the dollar's going to remain under pressure," says Simon Derrick, head of currency research at Bank of New York Mellon in London. "You're going to see it continue to slide." (Watch TIME's video of Peter Schiff trash-talking the markets...
...signal on that. "There's clearly a debate going on within the Fed as to what they should do next, and there's no need to make a decision yet," says Marvin Goodfriend, a former chief economist at the Federal Reserve Bank of Richmond who now teaches at Carnegie Mellon's Tepper School of Business. "The Fed is essentially buying time before it commits to whether the disinflation risk is greater or the inflation risk is greater." (See pictures of the dangers of printing money...