Word: yalelies
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There was more to Fisher than those infamous words. The longtime Yale professor was a successful entrepreneur (he devised and marketed a precursor to the Rolodex), the author of a best-selling textbook on personal hygiene, one of the most prominent backers of Prohibition and a leading eugenicist (that is, he believed the human race could be improved through the weeding out of "degenerates...
Fisher fell on hard times after the 1929 crash--getting by thanks only to the generosity of a wealthy sister-in-law and his employer, Yale--and so did the myth of the rational market. For a few decades, financial markets were seen as unruly beasts that had to be tamed with tight regulation to help protect the hard-earned savings of regular Americans. But memories of the 1930s eventually faded, and in the 1950s, the idea that markets knew best began its comeback. This was part ideological reaction to the antimarket conventions of the day, part scientific progress...
...economy." It's certainly better for economic activity to be increasing rather than decreasing, but the focus on whether the economy is in recession or not can miss a lot. "I don't care about what the dating committee says. I'm concerned about longer-term issues," says Yale economist Robert Shiller. "We are in for an extended period of subnormal economic growth." Mohamed El-Erian, chief executive officer of bond-investing giant Pimco, has popularized a catchier if less informative phrase for what we're in for: "the new normal...
...Reagan was raised in Dixon, Ill., but we placed him in Hollywood, telling America's story on the big screen. Bill Clinton may have been the Man from Hope, Ark., but the mischief of nearby Hot Springs was in his blood. George W. Bush was practically born on the Yale campus, yet Texas was his true terroir...
...overall, following lackluster fifth and third-place finishes in the first heat and repéchage, respectively.Although classes are long gone and commencement has passed too, the Crimson heavyweights are still hard at work. Its final race of a long season will be this Saturday, as Harvard takes on Yale in the 144th Harvard-Yale Regatta in New London, Conn.The Crimson lightweights took bronze in the seven-boat final, the lone men’s lightweight race, finishing behind Princeton and Yale. As expected, the undefeated Tigers dominated, winning by almost five seconds. The Bulldogs, on the other hand, narrowly...