They are known as “quants” because they do quantitative finance. Seduced by a vision of mathematical elegance underlying some of the messiest of human activities, they apply skills they once hoped to use to untangle string theory or the nervous system to making money. "They Tried to Outsmart Wall Street." [spoiler inside] [more inside]
posted by dersins
on Mar 10, 2009 -
Television military analysts are wooed, courted, and privileged by the Pentagon. An in-depth investigative report by the New York Times uncovers logrolling, shilling, touting, back-scratching, and just plain bias on the part of the experts that television networks put on the air to talk about the war. Some of them appear to be as good as owned by the Defense Department. "The effort, which began with the buildup to the Iraq war and continues to this day, has sought to exploit ideological and military allegiances, and also a powerful financial dynamic: Most of the analysts have ties to military contractors vested in the very war policies they are asked to assess on air. Those business relationships are hardly ever disclosed to the viewers, and sometimes not even to the networks themselves."
posted by Mo Nickels
on Apr 19, 2008 -