“The idea first took hold among a generation of economists repelled by the heavy government oversight of financial markets imposed during the New Deal era and by evidence of widespread irrational behaviour by participants in these markets. At the same time they were excited by the advances in mathematical economics and the computing power that allowed market data to be analysed like never before.”
Tag: 06.12.09
Why Shouldn’t Bands Trade Members Like Sports Teams Do?
“Bandmates fall out all the time; why not go the whole hog and start a trend for unhappy musicians joining rival groups? It would certainly stop stale bands chugging along with the same lineups and the same sound. It might even provoke more creativity! What’s more, it would be worth it for the rumour mill alone.”
Report: TV Networks Leaving LA For Pilot Production
A five-year study shows “networks are shunning the city, which has seen its share of total U.S. pilot production drop 42 per cent in the past five years. Overall, pilot production in the United States is down 17 per cent over the same time period. Instead, places such as Canada and New York – as well as a number of other locales – are luring the runaway productions away from Los Angeles, according to FilmL.A.”
Vladimir Putin, Art Critic (And Instructor)
Visiting 79-year-old artist Ilya Glazunov, Mr Putin stopped in front of a large painting of a medieval knight. “The sword is too short,” he is reputed to have said. “It’s only good enough for cutting sausage.” Not wishing to displease his powerful guest, Mr Glazunov immediately agreed to correct his mistake.
New Detroit Foundation Rides To The Aid Of Arts Groups
The Erb Foundation is giving $1.6 million to the arts. “Today’s grants cast a wide net through Detroit’s cultural community. Traditional stalwarts the Detroit Symphony Orchestra and the Henry Ford each received $100,000, while a typically under-the-radar group like PuppetArt theater in Detroit got $10,000. Other grants included $100,000 for the Heidelberg Project and $40,000 for the Detroit International Jazz Festival.”
‘Bring Them In For The Art And Have Them Leave With Science.’
At the second annual World Science Festival in New York this weekend, “the curious will have to make painful choices: [for instance,] attend an investigation of the effects of music on the brain with a performance by Bobby McFerrin, or join a quest for a long-lost mural by Leonardo Da Vinci at the Metropolitan Museum of Art?”
Rasta Thomas And His Bad Boys of Dance
“Thomas takes the refinement and technique of his ballet forbears … and mixes it up with pop, rock and hip-hop, unapologetically shoving ballet into the 21st century. […] Thomas’s eclectic program looks nothing like your grandmother’s night at the ballet. One number features blow-up dolls.”
New York Philharmonic Names New Chairman
“The investment banker Gary W. Parr has been a player in mopping up some of the biggest financial messes of the last year. Among his assignments, count Bear Stearns, Lehman Brothers, Fannie Mae and Bernard L. Madoff. His next task takes place in a more artistic, if also financially challenged, realm.”