Articles by Gary Shu
November 4, 2008
George Soros described his experience during World War II as a Jew as his formative year. In escaping from the Nazis, Soros’ father understood that “there are times when the normal rules don’t apply.” As described in the title of his talk last week, “The New Paradigm for Financial Markets,” the world is entering one of those very times. People haven’t a clue of the value of assets that serve as the foundation of the world economy, our leaders are fumbling their way through the dark, and the world is entering uncharted territory. As a result, the markets yo-yo like a cheap kid’s toy.
October 31, 2008
In deciding my vote this year, I decided to use my experiences during last eight years as my compass. Some defining moments for me:
October 10, 2008
Representatives from both presidential campaigns met on campus last Monday and were asked how their candidates would define success in the energy sector at the end of two terms as president. In spite of the night’s rhetoric about oil-free, renewable energy ambitions, their responses were surprisingly subdued.
October 7, 2008
I learned that it takes 3000 foot-pounds of energy to stop a brown bear.
October 3, 2008
It’s October and the most exciting time on the sports calendar has arrived — baseball playoffs. For the first time in a long while, of the two teams I’m a fan of, neither are playing for a title in the fall. To the non-baseball aware, this means I am not a fan of the Boston Red Sox, who are sneaking into postseason play as the American League (AL) wild card. My situation is like many students in Boston, who come to school with a team (or three) to cheer on. Many of the uninitiated will leave Red Sox fans, and while that saddens my heart, at least there’s another baseball fan out there.
September 23, 2008
This past week, the country sat in awe as the financial institutions of Wall Street tumbled into bankruptcies and takeovers. Lehman and Merrill Lynch are gone as we know it. AIG, once the world’s 18th largest corporation, is about to be owned by the government, effectively nationalizing much of the insurance industry. The surviving financial institutions sat around the remains to reluctantly begin cannibalizing their peers in the form of easily-digested portfolios. The US government stood on the sidelines heaping great mounds of tax-paid monies where they could to ensure the banking system didn’t collapse upon itself. To hear the possible outcomes — “world-wide economic collapse,” “day of reckoning,” and “probably once-in-a-century type of event” — is to imagine a future where we drive through modern-day Hoovervilles and surf the internet while sipping our hobo soups.
September 16, 2008
As the MIT Career Fair approaches, the sound of my classmates polishing their résumés becomes a constant roar, and the semester’s worries are temporarily replaced by career anxieties. It is that time of year when students are already thinking about the next one, and undergraduates and graduates alike try to determine where their stepping stone into the “real world” is. As someone who has been through both an undergraduate and graduate job hunt, there is just one important tidbit of advice I would like to impart.
August 29, 2008
In a season of record-high gas prices, economic instability, and a solidifying consensus that climate change is due to greenhouse gases, there has been much talk of a “price on carbon” in order to penalize carbon dioxide emitters and incentivize new, clean energy technologies. Massachusetts has decided to respond by becoming a part of the Regional Greenhouse Gas Initiative, — “RGGI”, affectionately pronounced “Reggie” — a regional “cap-and-trade” program designed to promote renewable technology. RGGI does this by requiring permits for carbon dioxide pollution in the electrical sector. Both presidential candidates McCain and Obama have proposed similar regulation on the federal level, and other regional carbon markets are sprouting up throughout the country.
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August 27, 2008
During my first run at graduate school, nearly half the students in my engineering research lab were women. My newly appointed and tenured adviser, a decorated researcher from Bell Labs who was eventually awarded a MacArthur “Genius” Grant, was a woman. And looking back at my time there, most of the friends I made were women and the same was true of my undergraduate experience studying electrical engineering. As a result, I feel that even as stereotypical (Asian) male engineer, I well understand the problems that women in science and engineering experience.