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...attempts to predict the volatility of the S&P 500 index over the next 30 trading days using options data from the index's 500 underlying stocks. Specifically, the VIX is a weighted average of the implied volatilities from a large basket of options. That may sound like an indecipherable description, but it basically means that it's a cumulative index of uncertainty. Of course, it only makes full sense if you know a bit about option pricing...

Author: /time Magazine | Title: The Volatility Index Is Falling: A Bullish Sign? | 4/22/2009 | See Source »

...always had this heart condition,” Balcetis explains. Realizing how shocking this can sound, he hurriedly adds, “first of all, it’s really nothing serious. I don’t want to alarm anyone.” He had ignored the condition for years but the transition to college prompted another chance to consider his options.“The reason I chose Harvard was because I wasn’t really sure how far I could go with basketball when I got into college,” he says...

Author: By Mark J. Chiusano and Hyung W. Kim, CRIMSON STAFF WRITERS | Title: Leaving the Locker Room | 4/22/2009 | See Source »

...ago—featured internationally renowned soloist Bong-Ihn Koh ’08. Koh gave a thoughtful delivery from the first notes, eking out tremendous expression from the piece’s idiosyncratic language. Yearning and singing through the cello, he swayed at times into a consonant orchestral sound before erupting out of it. He displayed a mastery of the virtuosic music, especially in a brief cadenza near the end of the movement.The second movement, an Andante, seemed like it was always reaching for something, and as in the first, Koh shifted elegantly from introversion to extroversion. Impelled...

Author: By Matthew H. Coogan, CONTRIBUTING WRITER | Title: Dr. Y Says Goodbye Triumphantly | 4/21/2009 | See Source »

...centered on an eclectic array of wonderfully conceived music. Overall, the musical choices were exceptional, and the artists deserve enormous credit for their dedication to the demanding and sometimes arrhythmic choreography. The first piece, choreographed by Elizabeth Weil Bergmann and composed by Jody Diamond, featured the distinctly Indonesian sound of the gamelan. The piece began with the eerie resonance of the gamelan instruments vacillating between two notes. The Indonesian-inspired dance was divided into an opening and four subsequent parts strikingly offset by the change in colors of the background. The combination of the skillfully composed gamelan music and visually...

Author: By Matt E. Sachs, CONTRIBUTING WRITER | Title: ‘Rite’ Isn’t Quite Right Without Innovation | 4/21/2009 | See Source »

...Soon afterward, the first alarms began to sound. Jerald Ogrisseg, an Air Force SERE psychologist, warned JPRA chief of staff Daniel Baumgartner that waterboarding detainees was illegal. In October 2002, Lieut. Colonel Morgan Banks, an Army SERE psychologist, warned officials at Gitmo of the risks of using SERE techniques for interrogation, pointing out that even with the Army's careful monitoring, injuries and accidents did happen. "The risk with real detainees is increased exponentially," he wrote...

Author: /time Magazine | Title: Report Details Pentagon Role in Torture Tactics | 4/21/2009 | See Source »

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