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Shiller spent much of his early academic career--he earned a Ph.D. from MIT in 1972 and has been teaching at Yale since 1982--making the case that stock-market prices jump around more than is warranted by economic fundamentals. This may sound obvious, but it was for a time heresy among finance scholars, who believed markets were paragons of informed rationality. Since then, the academic consensus has shifted in Shiller's direction. But identifying exactly when prices have gotten out of hand isn't easy...
Doctors and scientists understand the frustration and the fear, and they don't necessarily mind the nudge. "We do need to change. Something needs to be done differently," says Tyler Jacks, director of the David H. Koch Institute for Integrative Cancer Research at MIT. "We have a lot of new insight, and we need to have a whole new collection of drugs, a new armamentarium...
...that cancer research funded by NIH/NCI or Big Pharma is somehow second-rate. "The last 30 or so years of concerted effort have led to a tremendously rich understanding. This is not a waste of time," says Jacks of MIT...
...choose the projects, SU2C has recruited a high-powered scientific advisory committee chaired by Phillip Sharp, a Nobel Prize--winning cancer researcher at MIT. The selected projects will then be monitored by the American Association for Cancer Research. "What I hope to do is identify areas where we could accelerate progress, particularly in areas where there's need--ovarian, pancreatic, glioblastoma," says Sharp...
...handful of Ivy League schools plus Stanford, MIT, Caltech, the University of Chicago, and Duke round...