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USC research center receives a $1 million grant from the Department of Defense

The $1 million grant from the United States Department of Defense will be used to study terrorism in post-conflict zones. (Vincent Leo | Daily Trojan) Following 9/11, researchers at USC realized that there was a lack of resources devoted to the study of terrorism, so professors were recruited to form an independent research group at the university to address the issue of terrorism. However, as more people got involved, the topics of research at the program expanded to include other problems as well, such as natural disasters and technological accidents.  Now, the independent research center, dedicated to studying terrorism across various disciplines including economics  and engineering, received a $1 million grant from the United States Department of Defense to conduct a study on terrorism in post-conflict zones early this February. 

US stocks are obviously in a bubble But is is a rational bubble?

Everyone wants to know if the US stockmarket is in a bubble. But that is the wrong question, says Merryn Somerset Webb. Of course it’s a bubble. The real question is: is it a rational one?

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