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The most Instagram-worthy places to visit in Cambridge

The most Instagram-worthy places to visit in Cambridge
cambridge-news.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cambridge-news.co.uk Daily Mail and Mail on Sunday newspapers.

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Prominent economist warns inflation isn't transitory, "I do worry a great deal"

The Biden administration keeps saying the inflation is transitory but most economists are now saying it is not. Young and middle-aged people have no clue as to what this means. They didn’t live through the Carter era or, if they did, they were too young to realize how awful it was for so many people.
In a recent op-ed in the Financial Times, El-Erian, who is one of the most widely followed economists, said central banks and markets need to “widen their perspective” to avoid significant damage to the economic and financial system.
El-Erian wrote, “It is not often that I take a very strong view that runs directly counter to the market consensus.” ....

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Prominent Economist Warns Inflation Not Transitory, Could Be 'Shock' to Financial System

Prominent Economist Warns Inflation Not Transitory, Could Be 'Shock' to Financial System
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David Swenson, head of Yale's massive endowment fund, has died

Updated 2:03 PM ET, Thu May 6, 2021
New York (CNN Business)David Swensen, the long-time chief investment officer at Yale University and a legend in the world of college endowments, died Wednesday at the age of 67.
Yale president Peter Salovey wrote about Swensen s death in a statement Thursday, saying that Swensen died following a long and courageous battle with cancer.
Swensen graduated from Yale with a Ph.D. in economics in 1980 and then worked briefly at Wall Street investment banks Lehman Brothers and Salomon Brothers before returning to Yale in 1985 as head of the Ivy League school s investment office.
Under Swensen s management, the endowment fund grew to more than $31 billion as of 2020 to become the second largest in the nation trailing only arch rival Harvard. Yale s endowment stood at about $1 billion when Swensen took over. ....

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The head of Yale's massive endowment fund has died

Bloomberg via Getty Images
David Swensen, the long-time chief investment officer at Yale University and a legend in the world of college endowments, died Wednesday at the age of 67.
Yale president Peter Salovey wrote about Swensen’s death in a statement Thursday, saying that Swensen died following “a long and courageous battle with cancer.”
Swensen graduated from Yale with a Ph.D. in economics in 1980 and then worked briefly at Wall Street investment banks Lehman Brothers and Salomon Brothers before returning to Yale in 1985 as head of the Ivy League school’s investment office.
Under Swensen’s management, the endowment fund grew to more than $31 billion as of 2020 to become the second largest in the nation trailing only arch rival Harvard. Yale’s endowment stood at about $1 billion when Swensen took over. ....

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