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...Smith was also onto something that many free-market fans who pledge allegiance to him miss. The world is a complicated place. Markets don't exist free of societies and governments and regulators and customs and moral sentiments; they are entwined. Also, while markets often deliver wondrous results, an outcome is not by definition good simply because the market delivers it. Some other standards have to be engaged...
...addition, the dangerous market for derivatives, financial instruments that are used to hedge against changes in asset prices, must be strictly regulated. Complex derivatives were often traded without effective monitoring, allowing companies to quietly amass incredible risks on their balance sheets. The House bill proposes that derivatives be regulated through a clearinghouse, a useful suggestion that should be kept strong so that few, if any, derivatives escape the overview of a regulator...
...file yet, so more details will have to come later. We do know, however, that the permit petitioner was Ayr Muir, an MIT grad and the CEO of Clover Food Lab. According to its Web site, Clover operates a "food truck" near MIT that features local (often organic) vegetarian fare on a menu that changes with the seasons. Yelp tells us that Clover food is both good and cheap. We think that's an auspicious sign...
...mailed statement, Harvard spokesman Kevin Galvin, who often handles labor relations inquiries, wrote that University negotiators remain “optimistic” that their positive working relationship with HUCTW will yield a beneficial agreement for both parties. The current three-year contract expires on June...
...class of students. Economics—the largest department at Harvard, with over 700 concentrators—is already understaffed, with large student-to-faculty ratios and unwelcomingly massive lecture courses. More seminars, with as small or smaller enrollment, should be added to supplement the curriculum of students who often do not receive the personal attention present in other departments. Indeed, the academic development of economics concentrators is especially important given the barrage of economic issues prevalent today, and students should have the privilege of having one small class...