Word: minds
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...freighted with disappointment, it's partly because Ritchie's early work has been elaborated on in sharp Brit gangland capers like Layer Cake and The Bank Job. But the main problem is that Ritchie keeps playing the same old song. It's a swell tune, and we don't mind hearing it every few years, but we'd welcome another subject in a transposed key. Even the Material Girl tries out fresh material...
...while, it seemed as if the market lemons were on the rebound. Never mind that aluminum producer Alcoa missed earnings estimates after hours yesterday with a 52% drop in profit. Or that Bank of America was down again, 3.7% at one point, on continued worries over its need to recapitalize. Other financials, which had been battered hard on Tuesday, like J.P. MorganChase & Co. and Citigroup, seemed to be heading up significantly, as was bellwether General Electric, which had seen its shares hit hard the last few months over its exposure to the credit crunch. By day's end, however...
...Weiss has been much on my mind lately. I invested in his fund in 2004 - and as I watch the daily drubbing of everything else I own, I'm painfully reminded that I should have heeded his warnings about the turmoil that lay ahead. While most of us were lulled by the financial stability and heady growth that preceded the recent meltdown, Weiss, who is also professor emeritus of economics at Boston University, was a prescient doomsayer. In 2005, when everyone else was bullish, he wrote to his shareholders that global markets looked "very treacherous" and warned about rampant borrowing...
...Never mind the fact that Fitzsimmons’ proposal for an alternative would hardly alleviate socioeconomic bias. Fitzsimmons went on to say that he envisioned the SAT would be replaced by a set of five SAT II subject tests, which are considered by many to be more difficult. The subject tests rely on substance-based knowledge as opposed to skill-based knowledge, a factor that inevitably favors students from high-achieving educational backgrounds. It’s hard to imagine a student who performs badly on the SAT I because he wasn’t adequately prepared performing fantastically...
...which test scores are determined by background and preparation. In fact, this does not actually explain the numbers. A 2005 College Board survey found that, on average, SAT tutoring raised verbal scores a mere 10 points and math scores only about 15-20 points. This is hardly a mind-blowing difference...