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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...
Many people I talked to at the protest said they were there because they wanted Supreme Leader Ayatullah Ali Khamenei to consider their large number before giving his June 19 sermon, which many believed would be decisive for the course of the country. But at Friday prayers the Ayatullah took a hard line, disappointing millions who had been hoping for leniency in the form of a recount or even a re-election. He said the election had been fair and that people should rest assured the "Islamic republic does not betray the votes of the people." Khamenei also warned that...
...have gathered at Azadi Square on June 20. One friend told me that police were preventing people from reaching the site, shouting at them to get back into subway stations and beating them back into adjoining streets and alleys. Based on most accounts, Saturday's clashes had the highest number of casualties. Although Iranian state media have reported between 10 and 13 deaths, chain e-mails distributed by government opposition report more than 20 deaths alone in Tehran and have the number of deaths last week across the country...
...there, he says, are busy gathering intelligence and organizing to undermine the regime. According to Mohaddessin, sympathizers secretly monitored more than half the polling stations during the presidential election, providing the NCRI with enough information to claim that scarcely 15% of Iranian voters bothered casting ballots at all, a number at odds with the reportedly massive turnout seen by foreign media and other observers and the government figure that put participation at 85%. (See five reasons to suspect Iran's election results...
...North Korea's pronounced track record of mischief and crime could make a greater Internet presence a mixed blessing. Some observers worry that the desperately poor country might be tempted to try its hand at any number of cybercrime ventures. North Korea already has a small (100 personnel) cyberwarfare unit trying to hack into U.S. and South Korean military networks, South Korea's Yonhap news agency reported in early May. The report came a day after Seoul's Defense Ministry said it had signed an accord with the Pentagon to strengthen its cooperation in fighting against cyberthreats...