Word: nobel
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...take advantage of them. The profits on these transactions may be small, but funds multiply them many times over by leveraging their investors' capital. This strategy can go awry - as it did spectacularly in 1998 when Long Term Capital Management, a giant U.S. fund whose founders included two Nobel laureates, lost $4.6 billion after Russia defaulted on its government bonds. Long Term Capital Management was heavily leveraged. It had equity equaling only 3% of its assets. That's the equivalent of a $3.3 million home-equity loan on a $100,000 house. When the market turned skittish after the Russian...
...idea that adding bacteria to the diet could boost health came from the Russian physiologist and 1908 Nobel Prize winner Elie Metchnikoff. He believed that long-lived Bulgarians were benefiting from bugs in their fermented dairy foods. The most common probiotics are strains of Lactobacillus, used as starter cultures in yogurts, or Bifidobacterium, found from infancy in the gut and believed to improve immunity...
...Holography was invented in 1947 by Dennis Gabor, a Hungarian scientist working in London who discovered that reflected light could be captured and reconstructed to create the illusion of three-dimensional images. (He won the 1971 Nobel Prize for Physics for the discovery.) Gabor, however, lacked the technology to perfect holograms; double images sometimes appeared at once and were not viewable. In the 1960s, Emmett Leith added lasers to the equation and rendered the first stable holograms - which included a toy train that astounded other scientists when they...
...seems like everyone around here lately has been jumping on the solar-powered band wagon of sustainability. That is, until the sun runs out! [Insert Nobel Peace Prize here]. But who is really taking measurable steps? Prestige and Mobility care about sustainability and are putting our carbon credits where our mouths are. We plant a tree each time we kill a dolphin or eat a Panda Burger (mmm... Panda Burgers, only $4.95 at b.good when also presenting a copy of The Harvard Voice). We tried to start a wind farm in Adams A, using fans all powered by other fans...
...during his career in public service. Proving this maturity, he rejected a politically popular gas tax holiday last summer that would have reduced federal revenue without saving consumers money. He bases his decisions on science and empirical research, which the Bush administration has so emphatically rejected. James Heckman, a Nobel laureate in economics asked to review policy proposals by the Obama campaign, testified to this, noting, “I’ve never worked with a campaign that was more interested in what the research shows...