Daily headlines (11/11/08)

LSE in print

11/11/08 05:00 ((NYTimes Science))
In a Novel Theory of Mental Disorders, Parents' Genes Are in Competition
At a time when the search for the genetic glitches behind brain disorders has become mired in uncertain and complex findings, the new idea provides psychiatry with perhaps its grandest working theory since Freud, and one that is grounded in work at the forefront of science. The two researchers - Bernard Crespi, a biologist at Simon Fraser University in Canada, and Christopher Badcock, a sociologist at the London School of Economics, who are both outsiders to the field of behavior genetics - have spelled out their theory in a series of recent journal articles.

Guardian (Education), 11-Nov-2008, page 10
Degrees won't be trusted until regulation changes
According to Terence Kealey, the QAA: "Lost its self-confidence in 2001 when the then prime minister, no less, condemned its audit of the London School of Economics, and since then, in an echo of the Financial Services Authority, it has made the usual mistake of all failing regulatory bodies: it has buried itself in process and box-ticking rather than engage in the monitoring of outcome or in thinking about policy. "

Guardian (Education), 11-Nov-2008, page 27
Taking to the sidelines
Salih Unsal has embarked on the first year of a two-year MSc qualification in management at the London School of Economics. "I was looking at any option that would improve my chances of getting into finance, and when I saw that this was the first year LSE was offering this management course, I thought it might be a chance to jump on the bandwagon early. Since I'll be competing with undergraduates for positions when I graduate with my master's, I hope it will give me a competitive advantage."

Evening Standard, 10-Nov-2008, page 26, 1st
HBOS rises after rebuffing grandee plot's lack of detail
Sir Peter Burt described HBOS management, few of whom will sit on the executive board of the enlarged Lloyds group, as a "busted flush". He is proposing himself as chief executive and Mathewson as chairman but offered Sir Howard Davies [director of LSE] and Lord Smith of Kelvin as alternatives.
Also in
Daily Mail
Daily Express

Financial Times (Companies and Markets), 11-Nov-2008, page 31
Oil price slide checks enthusiasm for alternatives
The oil shocks of the 1970s led to a huge growth in the development of renewables. But when oil prices fell in the 1980s, these companies were left stranded. Many failed, or their technology lay dormant for 20 years. Will the same fate befall the clean technology companies of today? It seems unlikely, say many observers. "This is nothing like the 1980s," said Lord Stern [IG Patel Professor of Economics and Government at LSE], former World Bank chief economist and author of the landmark 2006 Stern review of the economics of climate change.

Daily Telegraph (Business), 11-Nov-2008, page 7
Reluctant Bush to preside over a talking-shop
Billed by protagonists as a chance to alter the global financial system once and for all in the wake of the continuing credit crisis, this weekend's meeting of the G20 nations - including countries as far-flung as Argentina and Australia - is likely to lead to a final black mark for an already clouded presidency. "One clear message from our discussions here for the G20 is that governments must in no sense drop their guard at this point," said Sir Howard Davies, director of the London School of Economics and former chairman of the Financial Services Authority.

Financial Times (10 November)
UK pensions strategy needs complete rethink to be safe
Working for the government looks like the best way for UK employees to secure a decent pension. Ros Altmann, an independent pensions expert (and LSE governor), says public sector workers are the pensions aristocracy, and questions whether for anyone else, it is worth saving in a pension at all.

The London Paper (10 November)
Robin Williams has returned to the London stage for the first time in 25 years, performing a surprise stand-up set at the London School of Economics.

Evening Standard, 10-Nov-2008, page 14,15, 1st
Attack dog off the leash
Peter Rippon, who takes over as editor of Newsnight this week, spent the last evening in his old job as editor of programmes including The World at One and PM taking some flak from the audience of Any Questions on Friday night at the LSE's New Academic Building.

LSE online

Christian Science Monitor
Why novels are best at explaining world problems
"Despite the regular flow of academic studies, expert reports, and policy position papers, it is arguably novelists who do as good a job - if not a better one - of representing and communicating the realities of international development," says Dr. Dennis Rodgers from England's Manchester University's Brooks World Poverty Institute. Rodgers was speaking for a team of academics from Manchester University and the London School of Economics as they presented a report called "The Fiction of Development: Literary Representation as a Source of Authoritative Knowledge."

10/11/08 21:01 ((Express Buzz))
British queen loses £25m in credit crisis
According to a report in the Sunday Telegraph newspaper, the queen, who paid a visit to the London School of Economics last week, had a briefing from professors on the economic meltdown. "The queen asked me, 'If these things were so large, how come everyone missed them,'" Professor Luis Garicano, director of research at the London School of Economics' management department, was quoted as saying by the British media.

10/11/08 12:05 ((Wigan Today))
Gates helping to cut crime
Gates set up around Wigan to block passageways are helping to cut crime, a report has revealed. The average cost of a burglary is, according to the Home Office, £3,268 while the average criminal damage cost is £850. Anti-social behaviour is harder to equate in value terms, but the London School of Economics and Political Science calculates it to be about £204.

10/11/08 12:04 ((Forbes))
One of the few gaffes in Barack Obama's presidential campaign came in March while he battled Hillary Clinton for the Democratic nomination. "I would not expect an overall rise in protectionism," said Marco Simoni, a research fellow at the London School of Economics' European Institute. "Because Obama's advisers are among the top economists in America and they know how damaging this would be. But maybe some limit to international free trade, and also perhaps a more prudent approach to international movement of capital."

10/11/08 10:33 ((Bloomberg))
G-20 Pits Bush Versus Sarkozy-Merkel Regulation Push
This week's economic-crisis summit will pit U.S. and Canadian support for free markets against European demands for greater state control. Subjecting financial institutions to more checks would rebuild confidence among investors, says Willem Buiter, a professor at the London School of Economics and former Bank of England policy maker. ''If it's done well, we can get greater stability. The risk is of doing too little.''

10/11/08 15:13 ((The Lawyer))
Simmons in Wachovia, Links raids for China duo
Simmons & Simmons has hired a senior legal counsel from Wachovia Bank to expand its China financial markets group.

11/11/08 05:40 ((Diario Sur))
Un español en la Corte
La crisis financiera no afecta sólo al pueblo llano. El economista Luis Garicano, de la London School of Economics, asesora a la reina de Inglaterra. La crisis financiera no afecta sólo al pueblo llano. El economista Luis Garicano, de la London School of Economics, asesora a la reina de Inglaterra.

10/11/08 19:58 ((Westfälische Nachrichten))
US-Soziologe Sennett erhält Gerda Henkel Preis
Düsseldorf - Die weltweite Obama-Begeisterung hat nach Ansicht des US-Soziologen Richard Sennett ihren Grund in der Frustration über die politische Stagnation in vielen Ländern. In seinen vielgelesenen Büchern beschäftigt sich der 1943 in Chicago geborene Sennet unter anderem mit der Frage, wie ein erfülltes Leben angesichts der Auflösungstendenzen moderner Gesellschaften möglich ist. Zu seinen bekanntesten Werken gehören «Verfall und Ende des öffentlichen Lebens: Die Tyrannei der Intimität», «Der flexible Mensch» und «Die Kultur des neuen Kapitalismus». Sennett lehrt an der New York University und der London School of Economics. 

FTfm (10 November)
Ros Altmann on UK private pension perils
Video in which Ros Altmann, LSE governor and independent pensions expert, explains why she believes that, as currently proposed, the personal accounts pension system will make the UK pension provision worse.

BBC News (9 November)
Surprise turn from Robin Williams
Robin Williams has returned to the London stage for the first time in 25 years, performing a surprise stand-up set at the London School of Economics.

LSE on TV/radio

BBC Radio 4 (10 November)
The World At One
Howard Davies, director of LSE, appeared on the programme discussing the Chinese economy.

BBC Radio Swindon (10 November)
Reference to the surprise appearance by US comic and actor Robin Williams at The Chuckle Club at LSE at the weekend.
Also on
BBC Radio Northamptonshire

BBC Radio 4 (7 November)
Any Questions
LSE hosted BBC Radio 4's current affairs programme Any Questions on Friday evening, as part of the celebrations to launch the New Academic Building.

BBC Radio Scotland
Tonight Gordon Brown will give a speech in which he will call for world leaders to resist the temptation to introduce protectionist policies. US president elect Barack Obama is though to be in favour of some protectionist economic policies. Professor Willem Buiter, chair of European political economy at LSE said 'it's not as clear cut as people make out. In order to be nominated as Democratic candidate Barack Obama had to make the right noises on protectionism but I think he will turn out to be a liar rather than a fool.'