Economics made simple with physics models

How would you go about understanding how markets can suddenly be gripped by panic? To physicists, using a model originally developed to explain magnetism might make sense. Yet, economists may find this extremely counter-intuitive. ...

Using new models and big data to better understand financial risk

The financial crisis of 2008, which saw the failure of major investment banks Bear Stearns and Lehman Brothers, and the subsequent government bailout of insurance giant American International Group (AIG), had a ripple effect ...

Obama promotes online search tool with college-specific data

President Barack Obama on Saturday debuted a redesigned online tool with college-specific information about student costs, loans and potential earning power, scaling back a planned ratings system that critics derided as too ...

A new mechanism to explain how a financial crisis happens

Dr. Kobayashi Teruyoshi, an associate professor at the Graduate School of Economics, Kobe University and Dr. Charles Brummitt of Columbia University have proposed a new model to predict a financial crisis (a chain of bankruptcies) ...

Several US banks attacked by hackers who hit Chase

Several US financial institutions were targeted by the same computer hackers who breached the systems of JPMorgan Chase earlier this year, sources familiar with the matter said Wednesday.

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