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Parag A. Pathak ’02, an assistant professor of economics at MIT, presented his recommendations for amending the “first choice maximization” algorithm that currently determines assignment. According to Pathak, changing the system will reduce the gambling involved in the process, increase transparency in school assignment, and up the level of parental satisfaction...
...study was authored by Harvard Law School Professor Lucian A. Bebchuk, Holger Spamann, a lecturer at the Law School, and Alma Cohen, a visiting law professor from Tel Aviv University. The authors attempt to dispel what they call the “standard narrative of the meltdown” that does not give payment schemes a leading role in the financial crisis...
...believe that this country is in the throes of a deep and permanent decline, there's no question that we will rebound. "Usually when you've had a really bad decade like this one, the next decade turns out to be much better for investors," says Richard Sylla, a professor of economics at the NYU Stern School of Business. "Probably 10 years from now, people who are investing today are going to have fairly nice returns." Over time, stocks have averaged a total return of about 9%. Remember, stocks were down 1.2% per year this decade, after being...
...Under Bush, India was being encouraged to be an Asian power," says Brahma Chellaney, professor of strategic studies at the Centre for Policy Research, a New Delhi-based think tank. Implicit in the Bush agenda was the idea of helping a rising India become a democratic bulwark against authoritarian China. "Now," says Chellaney, "Obama sees things through a different prism." (See pictures of India's tempestuous Nehru dynasty...
...whose leadership is increasingly fractured and subject to internal power struggles. As it seeks to rebrand itself for a younger electorate that sees communal politics as a thing of the past, the BJP is struggling for an identity. "Ideologically, the BJP is in deep crisis," says Jyotirmaya Sharma, professor of political science at the University of Hyderabad. "If it thinks this [controversy] might bring it back, that's a mistake." (See TIME's special report about India...