Word: p
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Dates: during 2000-2009
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...entire campus environmental community,” Arnold said. A sense of optimism pervaded this year’s awards ceremony, as attendees and speakers repeatedly mentioned the recent elections that have ushered in an administration that prioritizes environmental issues. The ceremony began with a tribute to Lisa P. Jackson, the new administrator of the EPA. The Obama administration was also feted with a video of First Lady Michelle Obama’s recent address to the EPA, in which she said, “The EPA is at the center of President Obama’s highest priorities...
...attempts to predict the volatility of the S&P 500 index over the next 30 trading days using options data from the index's 500 underlying stocks. Specifically, the VIX is a weighted average of the implied volatilities from a large basket of options. That may sound like an indecipherable description, but it basically means that it's a cumulative index of uncertainty. Of course, it only makes full sense if you know a bit about option pricing...
...there's a twist: As the stock market falls, investors tend to buy put options in order to hedge against falling prices. As the price of put options increases, the implied volatility of those options increases, and so does the VIX. However, if the S&P 500 had moved in the exact opposite direction this year, the VIX would not have been as high even though the S&P 500's actual, realized volatility would have been identical. Volatility is symmetric to market rises and falls, but the VIX is not. Reason: A falling market scares traders into buying...
...fifth in the nation). A variety of skill and experience levels were on display. While some competitors showed off consummate slicing and dicing skills, others more closely resembled two-year-olds with sticks. While some may describe fencing as a challenging mix between intricate strategy and mind games, Arnold P. Behrer ’09, competitor for Eliot House and fencing neophyte, took a slightly less complicated approach. “I’m just going out there and poking at the guy,” he said. “I’m pretty sure some...
...something I enjoyed and that became the main thing that I do.” During the 1970s, at the onset of Cotter’s journalistic career, most articles about non-western art centered on their sale value and not on their merit, according to Suzanne P. Blier, a professor of fine art and African and African American studies. Cotter became known for his articles covering non-western art forms in a serious and intellectual manner, she said. “He’s a man of extraordinary brilliance and compassion with an intellectual wingspan that covers...