Word: systemics
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...against the subprime-mortgage market and won. So did Mike Burry, a social recluse who began investing at night during his medical residency. Jamie Mai and Charlie Ledley, two 30-somethings who started trading in a Berkeley garage, "assumed that there was some grownup in charge of the financial system." There wasn't. In The Big Short, Michael Lewis, who chronicled an earlier era of Wall Street excess in 1989's Liar's Poker, tells the story of investors who asked questions that no one else would (like, What happens if house prices stop rising?) and came to the chilling...
...March 15, President Obama unveiled his plan for reforming the nation's education system. The bulk of the plan, which looks to overhaul George W. Bush's frequently criticized No Child Left Behind law, advances the bold ideas with which this Administration has already become closely associated. The President wants to link billions of federal dollars to initiatives like ending the achievement gap between white and nonwhite students, evaluating teachers and awarding performance bonuses to principals and teachers who've earned them. On the basis of what we know has worked in New York City with our 1.1 million schoolkids...
...wants to make sure a high school diploma means students actually have the skills they need to compete in an increasingly global workforce. Obama would define school success by how much improvement students make from grade to grade, no matter where they started, as opposed to the current system, in which schools are judged on students' absolute performance, not their progress. Obama's model is similar to the one we pioneered three years ago here in New York City, where we give schools an A-to-F grade based on how well they're helping their students acquire skills...
...Peril: A Call to Arms, Koernke, an Ann Arbor janitor who goes by the handle "Mark from Michigan," ominously reviews the "evidence" of one-world conspiracy. At fema, he asserts, fewer than 64 employees are engaged in disaster work; the other 3,600 are "there to manage the system after they take over." The incursion is inevitable, he argues, and the only choice is "to lock and load...
...think we were pretty angry about yesterday—we didn’t stay in our system, we didn’t stay in our structure [against Brown],” VanderMeulen said. “I think we were all just ready...