Word: takings
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...know Adam Smith for his "invisible hand," the mysterious force that steers the selfish economic decisions of individuals toward a result that leaves us all better off. It's been a hugely influential idea, one that during the last few decades of the 20th century began to take on the trappings of a universal truth...
Inspired by his relationships with professors at MIT, Simsek said he hopes to take on an advisory and collaborative role with his graduate students...
This represents one of the best chances for Harvard—ranked No. 6 for men and No. 9 for women—to take home a number of individual championships as well as a possible team title...
Finally, and perhaps most importantly, Congress needs to take a hard look at how these banks are structured and the purpose they serve in today’s economy. As Roger Lowenstein wrote in a recent article, banks today make an overwhelming percentage of their profits from trading, in effect making them giant hedge funds-in-disguise that pose a stability risk to the market while also performing some banking operations. The Volcker rule, which would ban banks from engaging in proprietary trading, would change technical classifications that are easy to work around, as investment banks could shift risks...
...bitterly assumes that rich students are “insulting” the rest of us when they deign to live on a budget and that they do not learn anything valuable about careful spending habits. To make his point, Mr. McAuley criticizes rich Harvard students who take the T instead of taxis, who frequent sales racks instead of high priced stores like the Tannery, and who prefer to eat in dining halls rather than patronize expensive restaurants. It is a perverse and undeserved assault...