Word: nobelity
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...Paul Krugman, a professor at Princeton University and Op-Ed columnist for the New York Times, was named the 2008 recipient of the Nobel Prize for economics. Krugman is perhaps best known as a scathing critic of the Bush Administration, which he has accused of everything from mishandling foreign policy to promoting a fiscal strategy that caused the economic crisis gripping the country. But the economist - whom the Nobel committee recognized for his "analysis of trade patterns and location of economic activity," which helps explain why certain countries excel in international trade - has long been considered one of the brightest...
...might come someday, but I was absolutely convinced it wasn't going to be this day. I know people who live their lives waiting for this call, and it's not good for the soul. So I put it out of my mind." (On receiving news of his Nobel prize; New York Times...
These days, measures of volatility are off the charts, including the one Robert Engle, a Nobel Prize-winning professor of finance at New York University, keeps tabs on. According to his calculations, which are based on past stock movements, the S&P 500 has a pretty decent chance a year from now of being worth either four times what it is today - or a quarter as much. That absurdly broad range, which falls in line with other volatility barometers, is indicative of how haywire stocks have been acting. "You saw that kind of volatility in the Brazilian and Argentinean markets...
...Click here for a gallery on How Nobel Prize Winners Spend Their Money...
...Click here for a gallery on How Nobel Prize Winners Spend Their Money...