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The second idea further complicates the ideological position of traditional econometricians by borrowing heavily from physicist Werner Heisenberg’s principle of uncertainty. If the observer adds an element of uncertainty by the mere fact of observing, then fully determined prediction is not a matter of how much data...

Author: By Pierpaolo Barbieri | Title: Volcanic Ash Allowing | 4/23/2010 | See Source »

For the first eight blocks we commended ourselves on surviving both our dinner and our first week in Bogotá, despite my mother’s prediction that I wouldn’t make it past the airport without Pablo Escobar kidnapping me and demanding a ransom that she assured...

Author: By Peter W. Tilton, CRIMSON STAFF WRITER | Title: One Night in Bogotá... | 4/15/2010 | See Source »

It is also important to keep in mind that the number of opportunities for internships might not decrease as much as would be presumed.  Since unpaid interns still require resources from companies, the resources previously used for unpaid internships could be turned into wages. Moreover, companies will likely...

Author: By The Crimson Staff | Title: The Pay Is the Thing | 4/9/2010 | See Source »

As a policy matter, Kaufman's prediction is heavily debated among economists. But as politics, his critique threatens to undermine the White House's finely tuned election-year story line. To hear President Obama or his aides tell it, the coming Senate debate on financial regulatory reform will offer a...

Author: /time Magazine | Title: The Replacement Senator Causing Democrats Fits | 4/8/2010 | See Source »

As the great American political philosopher Yogi Berra has said, "Prediction is difficult, especially about the future." In other words, Obama's existing underrated strength for 2012 could well be undermined by intervening events. Given how polarizing the President has become, how energized the Tea Party movement is and how...

Author: /time Magazine | Title: Taking On Obama in '12 — Tougher Than You Think | 4/5/2010 | See Source »

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