Word: protã
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...didn't take long for a new generation of scholars, many with roots at Samuelson's MIT, to start pointing out the problems. Samuelson prot??g Joseph Stiglitz showed that a perfectly efficient market was impossible, because in such a market, nobody would have any incentive to gather the information needed to make markets efficient. Another Samuelson student, Robert Shiller, documented that stock prices jumped around a lot more than corporate fundamentals did. Samuelson's nephew Lawrence Summers demonstrated that it was impossible (without a thousand years of data) to tell a rationally random market from an irrational...
...drag queens to “grab, cup, and pull back” and would-be drag kings to pack themselves down there. The seminar preceded next week’s drag show at the Cambridge Queen’s Head pub, where many of Carpenter’s prot??gés will perform. Some were not so new to the cross-dressing scene. At last year’s show, “Miss Patience,” a.k.a. James P. Alexander ’10, switched between two personas—a 1980s blonde bombshell...
...same time, the Justice Department has released controversial memos authored by John Yoo, a Cheney prot??g at the Office of Legal Counsel, which critics say authorized the mistreatment of terrorist suspects. Pressure is also growing on the department to release the report of an internal ethics probe into the actions of Yoo and two other OLC lawyers. Many Democrats would like to see Yoo and Cheney's own lawyer, David Addington, investigated for their role in creating the Bush Administration's so-called torture doctrine. And on the weekend of Cheney's CNN appearance, a leaked Red Cross report...
...bank's CEO from 1967 to 1984, Wriston changed the y in City to an i. After years of success, though, he left the bank with billions in bad loans to Latin America. Only profits generated by the U.S. retail-banking and credit-card juggernaut built by Wriston's prot??g John Reed--combined with a certain amount of forbearance by bank regulators and a lot of cash from Saudi Arabia--enabled Citi to survive. Reed then agreed to a 1998 merger with Travelers Group, which necessitated congressional repeal of the Glass-Steagall Act and established Citigroup as the greatest...
...interesting prot??g-and-mentor team: Summers is the deep, intellectual economist who can be brusque if not arrogant. Geithner is a smoother, harder-to-read operator who gets along well with everyone. Of the two, Summers is the one to watch. He is expected to do for the economy what strong-minded and ambitious National Security Advisers like Henry Kissinger have done for foreign policy: plan it, set it and control...