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...stock-market crash gave Shiller and Summers all the ammunition they needed. "If 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...

Author: /time Magazine | Title: The Myth Of the Rational Market | 6/22/2009 | See Source »

University spokesman John D. Longbrake declined to comment on the departures, the investors' performance at the Company, and HMC's plans to fill the positions, citing Harvard's policy of not discussing personnel issues. Neither Seidner nor Llodra could be reached for comment Monday afternoon...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Amidst Endowment Slump, Harvard To Lose a Top Bond Manager | 6/22/2009 | See Source »

...history. As masses march and bullets fly this weekend, a timeless question cannot be avoided. Even if we cannot know or control the outcome, we have a responsibility, through our actions as a nation, to answer clearly the question: whose side are we on? For President Obama's team, Monday could begin a critical week of reassessment...

Author: /time Magazine | Title: Obama's Three-Part Case on Iran | 6/20/2009 | See Source »

...changed forever the way we think about food with the publication of Kitchen Confidential, his scabrous, astoundingly funny, weirdly touching tell-all about his career in New York City restaurant kitchens. It's not just that he told us not to order fish on a Monday (because it's probably been around since last Thursday) and that the bread on our table probably got recycled from the table of somebody else who maybe sneezed on it. He changed our whole cultural idea of what a kitchen is. Pre-Bourdain, it was a warm, cozy, maternal place...

Author: /time Magazine | Title: Chef Lit: Kitchen Writing | 6/17/2009 | See Source »

...State Department doesn't usually take an interest in the maintenance schedules of dotcom start-ups. But over the weekend, officials there reached out to Twitter and asked them to delay a network upgrade that was scheduled for Monday night. The reason? To protect the interests of Iranians using the service to protest the presidential election that took place on June 12. Twitter moved the upgrade to 2 p.m. P.T. Tuesday afternoon - or 1:30 a.m. Tehran time. (Read "The Iran Election: Twitter's Big Moment...

Author: /time Magazine | Title: Iran Protests: Twitter, the Medium of the Movement | 6/17/2009 | See Source »

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