Word: pointings
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...bonus scandal at AIG, the former insurance giant that is now a ward of the Federal Government, was a strong indication that some of those responsible for dispensing funds from the Troubled Asset Relief Program (TARP) lost track of the cash. Which raises a more philosophical point: Is it even possible to know where the money is going? And if so, is Warren, a Washington outsider who's still feeling her away around a strange new landscape, the right person to figure...
More to the point, Fisher was the country's first great economist, a pioneer of the mathematical approach that came to dominate the discipline after his death. Fisher saw the behavior of the market in rational, mathematical terms. He wasn't completely doctrinaire about this--earlier in his career, he had allowed that investors sometimes behaved like sheep. But in the 1920s, convinced that skilled monetary management at the Federal Reserve and the rise of new, professionally run investment trusts had reduced the riskiness of markets, he lulled himself into believing that the prices prevailing on Wall Street were...
...stock-market crash gave Shiller and Summers all the ammunition they needed. "If anyone did seriously believe that price movements are determined by changes in information about economic fundamentals," Summers said just after the crash, "they've got to be disabused of that notion by Monday's 500-point movement." The crash also demonstrated that prices didn't follow the statistical model of a random walk--if they did, a 20% one-day market drop like that of 1987 should happen only once in billions upon billions of years...
...been said that the clothes make the man, and nowhere is this truer than in the military. A soldier's uniform denotes everything from allegiance and branch to title and rank. And when it comes to camouflage, it can mean the difference between life and death - a point brought up by U.S. lawmakers as Congress prepared to pass a $106 billion emergency war-spending bill that will fund, among other things, some 70,000 new uniforms for troops in Afghanistan. Evidently the country's muddy, mountainous terrain clashes with the "universal camouflage pattern" designed for dusty desert cities like Basra...
...play's title - at least for half the run. In Beijing, the production was billed as The V Monologues. In Shanghai, two months later, the original title was restored. The name change was not endorsed by Ensler's camp, and critics were quick to spot the irony. "The point is to speak it out," says Ai Xioaming, a professor of women's studies at Sun Yat-sen University. But Wang insists that his decision was pragmatic: in Beijing, he could not find a venue unless he changed the title. In Shanghai, conditions were different. "I'm more wise than brave...