Word: yale
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...Obama's speech accepting the democratic nomination suggests a sixth face: con artist. Obama has clearly learned the politics of the blank slate. The objective is to take power by duping voters into believing the candidate shares their views. Yale Zussman, Weymouth, Massachusetts...
Considering the Yale professor's recent publishing history, this is quite a relief. In March 2000, as stock prices soared to record levels, Shiller released his first general-audience book. Titled Irrational Exuberance, a phrase borrowed from a 1996 Alan Greenspan speech, it made the case that stock-market investors tend to go mad every few years--and that they were at the time in the grips of perhaps their worst psychotic episode ever...
Shiller spent much of his early academic career--he earned a Ph.D. from MIT in 1972 and has been teaching at Yale since 1982--making the case that stock-market prices jump around more than is warranted by economic fundamentals. This may sound obvious, but it was for a time heresy among finance scholars, who believed markets were paragons of informed rationality. Since then, the academic consensus has shifted in Shiller's direction. But identifying exactly when prices have gotten out of hand isn't easy...
...valley would be better off if they developed themselves as destination spots. In particular, a healthy and accessible Jordan River (much of its banks on the Israeli side are in a restricted military zone) could be a much bigger draw for pilgrims visiting holy sites. FOEME and Yale University architects have developed a showcase ecotourism project: a Peace Park on an island in the middle of the river, where Jordanians and Israelis may one day meet without passports or visas. The Peace Park would also be a concrete way of fighting the mistrust that pushes countries to grab and hoard...
...sport, the point of most beer-pong games remains to intoxicate your opponent. Last fall, Georgetown University banned beer pong, beer-pong tables and inordinate numbers of Ping-Pong balls in its dorms--even in the rooms of students of legal drinking age. The University of Pennsylvania, Yale University, the University of Massachusetts at Amherst and Tufts University have also banned drinking games. "We don't want our students participating in activities that could do excessive harm to themselves or others," says Michelle Bowdler, a health administrator at Tufts...