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...After writing a senior thesis on Nigerian markets and microcredit, she earned a Ph.D. in regional economics and development from MIT. She spent several years working for the World Bank, taking a short leave of absence to work for the Nigerian government before returning to the Bank to serve as a vice president...
...MIT senior lecturer Steven Spear, a lean-manufacturing specialist who has worked on production lines at both a Detroit Three and a Toyota plant, says the problem worsened over the years as products and manufacturing inevitably got more sophisticated. Merely upgrading a Toyota, he says, requires 300 man-years of engineering. No single manager can ever understand it. "Figuring out products, markets, customers, designs, systems - what's inherent about anything complex is that it becomes impossible. You can't design it perfectly," he says. What matters, he argues, is swarming problems from every direction to create high-speed, low-cost...
...gave some really good business perspectives that I hadn’t thought of,” said Amy Englehart, a graduate student at MIT. “He’s approaching the problem in the right way. We need to set up the infrastructure grid. I’m surprised nobody else has thought...
...last fall, both the men and women made good and sure the second edition of the competition brought no doubts as to who is the best squad in Beantown. The women repeated and the men won the tournament for the first time yesterday evening in Chestnut Hill, Mass., defeating MIT, Boston College, and Brandeis.The women started fast and finished strong, never winning by fewer than 13 bouts, besting MIT 22-5, BC 21-6, and Brandeis 20-7.The Crimson was led by solid performances from its foil fencers. The deepest weapon on the squad, the foil boasts an Olympic medalist...
Northeastern isn’t building a new dorm after all. MIT is slashing 10 to 15 percent of its spending. At Harvard, President Drew G. Faust wrote a letter.Her gist was simple: Harvard is not immune. Thanks to economic reality, colleges across the country have had to make painful financial decisions, and the world’s richest university has a proportional amount to lose. Yesterday, the administration announced a 22-percent decline in Harvard’s $36.9 billion endowment over the last four months—the sharpest drop in history. Worse yet, Faust predicted continued gloom...