October 14, 2013 |
The question seems simple, but shedding light on the answer was worth a Nobel Prize for three American economists: How do we know how much an item is worth? Eugene F. Fama and Lars Peter Hansen of the University of Chicago and Robert J. Shiller of Yale University spent decades working on that problem, separately pioneering two competing views on finance that have strongly influenced the way people save and invest as well as major issues in public policy. Fama, 74, spent a five-decade career in Chicago demonstrating how well free markets can determine the value of stocks, bonds and other assets.
CALIFORNIA | LOCAL
July 16, 2013
Herbert Allison Jr. Headed Fannie Mae , U.S. bank rescue program Herbert Allison Jr., 69, a former head of the U.S. government's bank rescue program and chief executive of Fannie Mae after it was taken over by the government, died Sunday at his home in Westport, Conn., of a possible heart attack, his family told Bloomberg News. Allison spent much of his career at Merrill Lynch, rising to chief operating officer and president by 1995, and later served as chairman, president and CEO of TIAA-CREF, the investment firm.
June 1, 2013 |
New film school rankings show that New York University is No. 1, producing the most graduates that have participated in the production of quality films. This is the first such study from Ranker.com, a website that collects data and gathers answers to questions like "Who makes the best acoustic guitar?" or "Who is the funniest comedian?" In conducting the rather unscientific study, Ravi Iyer, a data scientist for Ranker.com, sifted through data from freebase.com, which he used to find actors and other film workers and their alma maters.
CALIFORNIA | LOCAL
May 15, 2013 |
Online college course provider Coursera announced Wednesday that Yale University has joined the growing network of campuses that offer free classes through the organization. Mountain View, Calif.-based Coursera said that Yale will offer four courses initially -- Roman architecture, financial markets, moralities of everyday life and constitutional law -- bringing the total number of universities that offer courses through the group to 70. Millions worldwide take these kinds of free online courses through several organizations, most of which offer the courses without college credit.
April 8, 2013 |
LEAD, S.D. - The scientists don hard hats, jumpsuits and steel-toed boots to pile into a metal cage for a rumbling 11-minute descent into an abandoned South Dakota gold mine. They step over old mine-cart rails, through rough-walled tunnels and into a bright white room. There, they cast off their dusty garb and enter a lab hidden nearly a mile beneath the Earth. Inside, Patrick Phelps peers at valves connected to half a million dollars' worth of some of the purest xenon in the world.
February 15, 2013 |
Santa could come early to Santa Ana's cultural scene this year: the Institute of Museum and Library Services announced Thursday that both the Discovery Science Center and the Santa Public Library are finalists for its 2013 National Medal for Museum and Library Service, the nation's highest honor for community service in the two fields. The Discovery Science Center aims to expand in the near future to a second site in the San Fernando Valley at the northern edge of Los Angeles.