Auerbach: World Athletics’ new Olympic prize money rule is a chance for NCAA to right a wrong

[ad_1] The latest dent in the NCAA’s bedrock principle of amateurism came from an unlikely place: Monaco. Track and field gold medalists will become the first athletes to earn international prize money at the Olympics, the sport’s international governing body said Wednesday. Each gold medalist will receive $50,000 for individual wins. World Athletics, which governs … Read more

Is the Boom-and-Bust Business Cycle Dead?

[ad_1] The rise of international trade, Mr. Kelly added, can often offset slowing domestic demand since businesses, enabled by the internet, can find customers throughout the globe. And the service sector’s growth, he concluded, has “made the economy more stable and, importantly, less sensitive to interest rates.” Across the economics profession, many are not feeling … Read more

Computer Theorist Wins $1 Million Turing Award

[ad_1] Computers seem methodical, deliberate and utterly predictable. But they can also behave in ways that are completely random. As researchers build increasingly powerful machines, one key question is: What role will randomness play? On Wednesday, the Association for Computing Machinery, the world’s largest society of computing professionals, announced that this year’s Turing Award will … Read more