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...makes a 95 yard touchdown in final five minutes to win 21-16. 1975: Harvard finally wins its first Ivy championship, thanks to Michael J. Lynch ’77 who kicked a 26 yard field goal in the final seconds to pull off a 10-7 win. 1982: MIT students exploded a black weather balloon, spraying talcum powder over the field (Harvard still won, 45-7). 1983: The 100th official anniversary of the Game sees a Crimson win, 16-7. 1997: Epic year for Harvard football in which two dozen records are broken, reflected...
...bets, potentially causing a devastating cascade of failures. With so many fund managers following the herd, in other words, there was a greater chance that they would go over a cliff together. "A bank run doesn't affect just one bank," says Andrew Lo, a finance professor at MIT who applies ideas from psychology and evolutionary biology to investment. "It can easily spread to the entire banking industry. What we're seeing now [in hedge funds] is a bank run, but a bank run gone wild. It's a bank run on steroids because the losses are so great...
...change in hedge funds may not be entirely bad news for investors, either. According to NYU economist Brown, an industry shakeout could get rid of many undercapitalized or poorly managed funds, leaving remaining funds to consolidate. And the culling could even be healthy for the industry, says MIT's Lo, who draws an analogy from biology. "We've just seen a big meteorite hit," he says. "It will kill a number of species. But in the wake of that death, whole new species will arrive." As students of evolution know, the dinosaurs died to make way for something smarter...
With a project titled “Bactricity,” a group of undergraduates became the first Harvard team to win an award at the International Genetically Engineered Machine (iGEM) Championship Jamboree held at MIT last weekend...
...This talk was an open challenge, an opportunity to respond,” said Krishanu Saha, a post-doctoral student at MIT. But he added that Beck acknowledged that the solutions he brought to the table were too “shallow” to be effective...