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...carbon cap-and-trade bill currently being debated in Congress. If that error in calculation goes unfixed, a future increase in biofuel use could end up backfiring and derailing efforts to control global warming, according to the paper. "Biofuels can be an important part of the portfolio of climate-change activities," says Steve Hamburg, chief scientist for the Environmental Defense Fund and a corresponding author on the second Science paper. "But we have to make sure we incentivize the right way, or we could end up with perverse outcomes." (Watch a video about the environmental cost of biofuel in Indonesia...

Author: /time Magazine | Title: Tallying Biofuels' Real Environmental Cost | 10/23/2009 | See Source »

...Textbook magnate N. Gregory Mankiw’s stock portfolio dipped. Economics department chair and hedge fund adviser John Y. Campbell got out too early. Even conservative investor Claudia Goldin suffered a drop in her retirement fund...

Author: By Noah S. Rayman and Elyssa A. L. Spitzer, CRIMSON STAFF WRITERS | Title: Economics Professors Push Safe Investing Strategies | 10/23/2009 | See Source »

...Mankiw’s simple investment portfolio consists of about two-thirds stocks and one-third bonds, balancing what he considers the high risk of equities with more dependable fixed income...

Author: By Noah S. Rayman and Elyssa A. L. Spitzer, CRIMSON STAFF WRITERS | Title: Economics Professors Push Safe Investing Strategies | 10/23/2009 | See Source »

...down at the table and lose your house?’ It’s a legitimate question, but it’s taken a while to explain to my parents that if you do it properly, it’s a lot like managing your portfolios. Could you lose everything you own in the stock market? Sure you could. But you can balance your portfolio such that essentially, your risk of ruin is zero...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Playing for Keeps | 10/22/2009 | See Source »

...substantial number” of portfolio managers had bonuses “clawed back” last year, Harvard’s financial report noted, but a small group of managers retained bonuses and even earned additional compensation...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Alumni Call for Lower HMC Pay | 10/21/2009 | See Source »

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