The account behind maybe the best recipe ever created in finance: the Black-Scholes-Merton alternatives pricing model. Two of its creators were granted the Nobel Prize in Economic science in 1997. A yr. later their hedge fund Long Term capital Management (LTCM) had fallen in with stupefying losses of $ $ 100 billion dollars a result … Read more
George Michael, one of the biggest pop stars of our time lost his life at age of 53. Michael was one of the first superstars, and among the first public figures to publicly come out as homosexual. He was pioneer not only in music, but in LGBT movement as well. In that regard, we take … Read more
The Neolithic village of Ba’ja in Jordan is a famous archaeological site. It was one of the world’s first known settlements, founded some 9,000 years ago. The site has produced magnificent finds including an ancient necklace made of 2,500 beads. What prompted our Neolithic ancestors to settle down? Why did they change their nomadic, hunter-gatherer … Read more
Joseph Stalin is one of the most prominent leaders in history. With such demeanor, Stalin commanded and demanded respect everywhere he showed up. During his time as a leader of the Soviet Union, Stalin made sure that he leaves legacy behind. One way that Stalin left something behind for future generations was the buildings. Stalin … Read more
During World War II and the Holocaust, more than 75% of the Jewish population in the Netherlands was killed. That is a higher percentage than countries like Belgium and France. During World War II, the Dutch were among the biggest opposition to the German and Nazi invasion. And because of that, many of them were … Read more
The Mongol Empire in China lasted from 1271 CE to 1368 CE. Also known as the Yuan Dynasty, it was a period of Mongol rule over the Chinese empire. Kublai Khan, the grandson of Genghis Khan, was the person who managed to conquer China. During the period of Mongol Rule in China, they introduced administrative … Read more
Since the dawn of civilization, people have been trying to control fertility through different means. For example, in ancient Greece and Rome, women drank juices made from the Silphium plant to prevent pregnancy. Luckily for everyone, women in the modern era have access to safer, more effective, affordable, and better contraceptives. Birth control has been … Read more
Is the hobbit a new human species or is simply a modern human with a crippling deformity? In the distant island of Flores in the Indonesian archipelago, a team of archaeologists found a tiny skeleton 18,000 years old. It was only a meter high. Is supposed to have found the remains of a young woman. … Read more
Adam Smith was an 18-th century philosopher, economist, author, and a person many of us know as the father of modern economics. His two books, “The Theory of Moral Sentiments” and “Wealth of Nations” set the basics for modern economy. These days, most of the universities of economics and business in the world teach their … Read more
After increasing the price for Daraprim from $13.50 per pill to whooping $750 per pill, or for 5000%, Martin Shkreli became the poster child for capitalism and capitalistic greed. In just a matter of seconds, Shkreli went from being a son of two janitors, to a millionaire worth more than $45 million. He is not … Read more