So, midterms ended and I am relieved… Until I get my results.
Here goes another round!
The trio that won the Nobel Prize for economics were… E. Fama, P. Hansen and R. Shiller. It’s always a treat to try and figure out who will win the Nobel Prize – some believe it is a ‘fake’ Nobel considering it was actually started in 1968.
Nonetheless, these three have made massive contributions to the field of economics and check out the next post to see what they actually did.
2. Fama-Shiller debate with a dash of Hansen – HBR [J. Fox]
This post simplifies and succinctly explains why Fama, Shiller and Hansen won the Nobel Prize for economics. I would urge you to check it out because it is quite fascinating to think about each person’s ideological viewpoints. Hint: two of them are at the opposite ends of the spectrum.
3. Unemployment in Spain after the crisis – BU UEA [J. Snitsky]
Spain has been going through some torrid times to say the least. Check out this article by our very own Boston University writer and learn about the implications stemming from the financial crisis.
1. Too much cash! – Apple Insider [Neil Hughes]
Quite honestly, I wish I could complain about me having ‘too much cash’. Sadly, it isn’t the case.
Apple seems to have 10% of all the $1.48 trillion held by U.S. non-financial companies. It has come to the point that Apple has more money than uses for it. C. Icahn is not particularly happy with the idle cash.
2. The problems stemming from lack of sleep – Delacey Place
This is a fantastic excerpt from the book ‘Dreamland’ by D. Randall. The article shows how students sleeping for a longer time were more alert, had fewer car accidents and even bullied less. The experiment was tried in schools where the times were increased and there were great benefits!
I don’t sleep much and to see the impact from sleeping an extra 45-60 minutes of sleep is very persuasive. I should stop my horrible lifestyle or become more efficient.
In the News:
1. JP Morgan faces record fine – The Atlantic Wire [C. Simpson]
JP Morgan will have to pay $13 Billion in order ‘to settle allegations that J.P. Morgan misled Fannie Mae FNMA +0.65% and Freddie Mac about the quality of loans it sold them in the run-up to the 2008 financial crisis’. This fine would also resolve a lawsuit by New York attorney general, Eric Schneiderman.
Clearly, a large part of the $23 billion for legal costs is already taken away. Tough times ahead?
Need some Inspiration:
1. Do you deserve it – The Chronicle of Higher Education [Kevin Carey]
This article was a little ‘eye opening’. The author, Kevin Casey, looks at whether students deserve to be in Stanford. This question could be applied to many different universities all over the world. I thought this article details that you may not deserve such an honor, but you have to prove it.
More than that, I think the author discusses some salient points on what you can do to improve and enlighten yourself in university. I think the point about learning history, philosophy and literature is very important. I have heard too many times that these majors are ‘not worth it and useless…’ I think these are some of the more important ones that we should learn as it enriches life one way or the other.
Give it a read!
2. Finishing second PhD and he already has 11 degrees – BBC [Video]
This isn’t to make you feel depressed, if anything, it should spur you onward. Unfortunately, the days of learning for learning’s sake is gone. I like this person’s Faustian thirst for knowledge as it is something to be admired.
To be well read means you can keep a conversation going. If you don’t take anything from this video then listen to what C. Hitchens would probably say… Don’t be boring.
Hope you enjoyed this! Have a good day 🙂