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Among its holdings in U.S. companies, the University appeared to have moved away from certain sectors, in particular the financial sector. HMC sold its $35 million holding in Bank of America and its smaller investment in Citigroup...
...Economics is considered an art, not very practical,” Gimaiyo says. “But learning it at Harvard, it might give me a certain edge. When I want to go into policy making, it might make the process a bit smoother...
...Volcanic Ash Allowing,” I’m not sure what Pierpaolo Barbieri has in mind when he calls for “fully determined models delivering certainty.” Perhaps he is referring to the models peddled by certain misguided financiers. But to suggest that the entire profession of economics engages in an extreme kind of wishful thinking, or worse, deception, is grossly unfair and misleading. Cobb-Douglas will not predict economic growth in the way that Newton’s Laws describe motion, but it generates crucial insights into economic phenomena and is a powerful...
...author of SB 1070, State Senator Russell Pearce, has been openly linked to white supremacist groups. In a maneuver that has little to do with the law or the economy, the Arizona legislature recently banned ethnic studies programs and barred teachers with heavy accents from teaching certain courses. In this climate, it’s easy to cause fear among people who don’t look and sound alike with myopic action. Despite their self-stylization as defenders of law and order, politicians like McCain do nothing but threaten us with chaos...