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...mutual funds traveled this trail of tears, Southern California math professor Ed Thorp was delivering positive, usually double-digit, returns every year to investors in the fund he launched in 1969. Thorp, probably best known for figuring out how to beat the house at blackjack, did this by programming computers to identify small price discrepancies between securities that should have been trading in tandem. Then he borrowed tons of money to bet that these discrepancies would disappear. Such strategies were off-limits to mutual funds, but Thorp's Princeton Newport Partners was a hedge fund--an unregulated investment partnership catering...
...from checking their grades by phone due to privacy concerns, according to the registrar’s office. According to Basin, the Law School also experienced difficulties earlier this semester with online course selection and the new e-mail server. “I went to [the University of Southern California], and we had an electronic situation in place for 25,000 students that was far more effective then what the law school has for 1,500 students,” Basin said. Kagan—who made improving student life a top priority when she became dean...
After roughly 200 years of decline, Calvinism, the faith of the Puritans, has made a modest comeback among younger Evangelical Christians. One of the movement's potent mentors is Albert Mohler, the influential, telegenic head of the Southern Baptist Theological Seminary, who made waves last June when he critiqued the religious claims of presidential contender Barack Obama in an essay called Secularism With A Smile...
...also ruled itself out as a source of stability with two AC-130 gunship attacks this month on the remnants of the former ruling Islamic Courts Union (I.C.U.), holed up in deep forest on southern Somalia's border with Kenya. The targets of the U.S. attack were three al-Qaeda agents suspected of blowing up the American embassies in Kenya and Tanzania in 1998 with the loss of more than 200 lives. In its pursuit of its own narrow - if understandable and perhaps laudable - goals, the U.S. has ignored the radicalizing effect that its actions will have on Somalis. Somalis...
...1970s, rural poverty and incessant cross-border hostilities between Israel and Palestinian militants operating from south Lebanon spurred tens of thousands of Shi'ites to migrate to the slums of southern Beirut, dubbed the "belt of misery," bringing them into contact with the city-dwelling Sunnis...