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The current crisis may only be highlighting deeper flaws in the hedge-fund model. In 2006, the European Central Bank warned that too many hedge funds were investing in the same way. Because those sophisticated computer models were crunching the same data, there was a higher probability that hedgies would...

Author: /time Magazine | Title: Pruning Season | 11/13/2008 | See Source »

The Lowdown: The report, published in the International Journal of Social Psychiatry, uses relatively simple language easily digested by anyone with an amateur interest in psychology (or who ever completed a high school science report). Although Skodlar, Dernovsek and Kocmur shy away from pinpointing the exact causes behind their observations...

Author: /time Magazine | Title: The Evolution of Insanity | 11/6/2008 | See Source »

DIED With her 1980 work, The Aquarian Conspiracy, Marilyn Ferguson helped pull together various emerging countercultural strains--including alternative birthing centers and the exploration of altered states of consciousness--into what soon after became Known as the New Age movement. In her book, she remarked, "We are entering a millennium...

Author: /time Magazine | Title: Milestones | 11/5/2008 | See Source »

As it became clearer that the U.S. housing market was in an asset bubble, line managers could often see how slapdash the standards being employed were. But with compensation aligned with metrics like revenue and market share, and not risk mitigation, the forward push continued. When managers did articulate problems...

Author: /time Magazine | Title: Reassessing Risk | 11/5/2008 | See Source »

“In contrast to other years, we wanted to branch out into other fields like psychology, environmental science, and physics,” association board member Carol Y. Suh ’11 said. “It was about showing students the diversity of research.?...

Author: By Carola A. Cintron-arroyo, CONTRIBUTING WRITER | Title: Undergrads Present Research At 3rd Annual Symposium | 11/2/2008 | See Source »

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