I'll look forward to seeing some of those (many - I'm sure) photos from Burma up here on the Bettany Blog!
Two items of interest on a sunny March morning:
1. From the BBC: Community penalties 'laughed at'.
The credibility of community sentences is at stake because offenders who breach the orders are not dealt with firmly enough, a study says.2. And from the World Famous inflight magazine of VLM Airlines, Velocity Magazine. A rare piece of original writing from yours truly.
Experts from King's College London examined Community Orders and Suspended Sentence Orders, which were introduced in England and Wales four years ago.
They require offenders to do unpaid work or undergo rehabilitation.
But a probation officer interviewed for the study said those under the orders left court "laughing their heads off".
WHEN, IN 2003, THE NOBEL PRIZE winning economist Myron Scholes told academic journal Quantitative Finance that “the world is our laboratory”, he was comparing the work of scientists with that of financial academics and practitioners. Like the physical world, the financial world consists of a bewilderingly complex system of interrelated parts and processes that lends itself to the tools and analysis of mathematics and science. It should come as no surprise, then, that the quantitative professionals who now dominate the financial markets with their models and products, and who have lately come under so much criticism, should associate themselves with the scientific method.
On 29 March 1900, a French student, Louis Bachelier, successfully defended his doctoral thesis, Théorie de la Spéculation, at the Sorbonne. Bachelier’s achievement was to offer a mathematical description of randomness and to introduce many of the concepts in the field that has come to be known as stochastic analysis. Crucially he applied his insights to the problem of pricing financial options and, in doing so, is considered by many as a pioneer in the early study of mathematical – or quantitative – finance...
No comments:
Post a Comment