Recipe for Disaster: The Formula That Killed Wall Street. A year ago, it was hardly unthinkable that a math wizard like David X. Li might someday earn a Nobel Prize. After all, financial economists—even Wall Street quants—have received the Nobel in economics before, and Li's work on measuring risk has had more impact, more quickly, than previous Nobel Prize-winning contributions…
Monthly Archives February 2009
Five days ago, at around this time, I was in the path of [apparently] 1400 degrees. Our home and all belongings are gone. I am alive and with my family. It really happened.... It appears almost everything on the ground has vaporised. It looks like I imagine the surface of the moon. …
The weight of water behind a 500-foot dam in China may have triggered the massive magnitude 7.9 earthquake in May that killed more than 70,000 people. Link: Man-Made Dam May Have Triggered Great China Quake.
Joshua Gans: The RBA Board meets tomorrow for the first time in 2009. As I argued last week, in my view the RBA ought to be cutting far more aggressively, and there is no reason not to use most or all of the ammunition they have available - cutting interest rates to 2% or below. There is no inflation risk,…
New information has been added to the VET FEE-HELP web pages. This booklet gives the most current information about accessing VET FEE-HELP assistance to pay for all or part of VET tuition fees. It is applicable to full fee-paying students in one or more of the following courses: a diploma, an advanced diploma, a graduate certificate, and a graduate diploma.…
Global Scientists Draw Attention To Threat Of Ocean Acidification. More than 150 leading marine scientists from 26 countries are calling for immediate action by policy-makers to sharply reduce carbon dioxide emissions so as to avoid widespread and severe damage to marine ecosystems from ocean acidification. [ScienceDaily: Latest Science News]
Crisis wipes $115b from Govt revenue. The global financial crisis has slashed a massive $115 billion from Government revenues over the next four years, Prime Minister Kevin Rudd has revealed. [ABC News: Breaking Stories]
'Buy American' Rider Sparks Trade Debate . The stimulus bill passed by the House last night contains a controversial provision that would mostly bar foreign steel and iron from the infrastructure projects laid out by the $819 billion economic package. [washingtonpost.com - Business]
Impact of creative partnerships on young people's attainment: Results from 2005 and 2006. Schools involved with Creative Partnerships, the UK government's national creative learning programme, have reduced truancy by up to a fifth and pupils have gained better exam results by up to two and a half grades at GCSE, according to this research. [Creative Economy : Reports]
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