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Those bullish on global economic recovery have their data points: the steady upward climb of world stock markets, three straight months of Chinese manufacturing expansion, the weak dollar. But there are still plenty of skeptics of a rapid and robust turnaround, with their own set of numbers to cite: continued bleeding of private-sector jobs in the U.S. and Europe, more record lows in new home construction, and, er, the weak dollar. (Watch TIME's video of Peter Schiff trash-talking the markets...
...other U.S.-based insurers, Northwestern Mutual and MassMutual, also question the study's data. The NEJM letter places Milwaukee-based Northwestern's tobacco-stock holdings at $235 million in Reynolds, Philip Morris and Lorillard, which produces Newport cigarettes. But spokeswoman Jean Towell says the insurer's investments are actually one-tenth that figure, less than $24 million...
...Jackson, the acting dean, has garnered praise from his colleagues on the faculty for his leadership over the future of the school’s budgetary priorities at a tenuous time, and as a result, his stock has risen as a candidate for Dean...
...Allston Development Group, planners methodically examined all of the University’s capital commitments throughout the fall, with Faust making the ultimate decision on the construction pace of the Science Complex.“We didn’t want to run out the first time the stock market dips 10 points and stop a big project,” Gordon says. “But on the other hand, you want to make sure you make decisions thoughtfully and in a timely manner.” He adds that taking care of the scientists and the research that...
...century catastrophes that result from market imperfections reinforcing one another.“There has been a visceral reaction of many economists toward building market frictions or inefficiencies into their models—but that’s changing,” says outgoing economics chair James H. Stock, pointing to the significantly higher degree of difficulty involved in solving models that include the possibility of extremely unusual phenomena.Other economists may not be asking the right questions, even before reaching the stage of setting up models.The pressure on academic economists to publish prolifically, especially at the start of their careers...