Word: model
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Dates: during 2000-2009
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...1980s East Germany, there was a group of independent fashion designers, photographers, models and stylists who refused to play along with the socialist regime's excessive egalitarianism. They called themselves "the Mob" and, rejecting the notion that you had to live in the free Western world to make something happen, their confident motto was "New York is where we are." The young fashion designers in the group created vibrant, often unwearable designs that were the opposite of the official fashion industry's ideal of clothing for the masses. From July 4 to Sept. 13, a new exhibition at Berlin...
...Passersby who looked into the windows of the shops in which the independent label ironically dubbed "Chic, Charmant and Dauerhaft" (Chic, Charming and Durable) held its first fashion shows witnessed scenes that couldn't have been further removed from the wholesome, clean style of East German fashion's mainstream. Models in colorful, voluminous outfits made out of shower curtains and hospital intestine bags were strutting the catwalk, spraying sparkling wine and foamy shower soap into the audience. "The pressure of standardization, forcing people into line - we were totally against all those socialist diseases," says filmmaker Marco Wilms, a former model...
Little Tikes COZY COUPE outsells every other car model in America...
Emboldened by this work, economists began to apply their number-crunching skills to the postwar market. Chicago graduate student Harry Markowitz devised a model for picking stocks that was, in Friedman's estimation, "identical" to his artillery-shell-fragmentation trade-off. And in the late 1950s, scholars at Chicago and the Massachusetts Institute of Technology became enamored of the idea that stock-market movements were, like many physical phenomena, random...
...anyone did seriously believe that price movements are determined by changes in information about economic fundamentals," Summers said just after the crash, "they've got to be disabused of that notion by Monday's 500-point movement." The crash also demonstrated that prices didn't follow the statistical model of a random walk--if they did, a 20% one-day market drop like that of 1987 should happen only once in billions upon billions of years...