IN: Irving Fisher (February 27, 1867 - April 29, 1947) was an American economist, statistician, inventor, and Progressive social campaigner. He was one of the earliest American neoclassical economists, though his later work on debt deflation has been embraced by the Post-Keynesian school. Joseph Schumpeter described him as "the greatest economist the United States has ever produced", an assessment later repeated by James Tobin and Milton Friedman. Fisher made important contributions to utility theory and general equilibrium.

Fisher is probably best remembered today in neoclassical economics for his theory of capital, investment, and interest rates, first exposited in his The Nature of Capital and Income (1906) and elaborated on in The Rate of Interest (1907). His 1930 treatise, The Theory of Interest, summed up a lifetime's research into capital, capital budgeting, credit markets, and the factors (including inflation) that determine interest rates.  Fisher saw that subjective economic value is not only a function of the amount of goods and services owned or exchanged, but also of the moment in time when they are purchased with money. A good available now has a different value than the same good available at a later date; value has a time as well as a quantity dimension. The relative price of goods available at a future date, in terms of goods sacrificed now, is measured by the interest rate. Fisher made free use of the standard diagrams used to teach undergraduate economics, but labeled the axes "consumption now" and "consumption next period" (instead of the usual schematic alternatives of "apples" and "oranges"). The resulting theory, one of considerable power and insight, was presented in detail in The Theory of Interest (for a concise exposition, see here.)  This model, later generalized to the case of K goods and N periods (including the case of infinitely many periods) has become a standard theory of capital and interest, and is described in Gravelle and Rees, and Aliprantis, Brown, and Burkinshaw. This theoretical advance is explained in Hirshleifer.

What was his quote on capital

OUT: A good available now has a different value than the same good available at a later date;


IN: Pendulum is an Australian drum and bass and electronic rock band founded in 2002. Pendulum originally formed in the city of Perth, Western Australia by Rob Swire, Gareth McGrillen, and Paul "El Hornet" Harding. The band was later expanded to include members, Ben Mount, Peredur ap Gwynedd, and KJ Sawka. Members Swire and McGrillen also formed the electro house duo Knife Party.

Pendulum once again toured Europe in 2009. During this tour they announced that they were working on their third studio album, Immersion. It was announced in December 2009 that Pendulum would be touring for their new album in May 2010. The release date of the album was announced to be sometime "in May" during the live preview party at Matter, and was then announced to be released on 24 May. Pendulum previewed their album Immersion at the Ear Storm night at London's Matter nightclub on Friday 22 January. "Salt in the Wounds", a track from their new album, was Zane Lowe's Hottest Record in the World on BBC Radio 1 on 25 January 2010. On Zane Lowe's show, it was also announced that he wanted to join the band and the first single from the new album would be called "Watercolour". This single also received its first play on Zane Lowe's BBC Radio 1 show on 8 March 2010, and was his Single of the Week for that week. In December 2010, "Watercolour" was found to be featured in the soundtrack of the 2010 hit game "Need for Speed: Hot Pursuit". On 1 April, the music video for "Salt in the Wounds" was released. The video is unique in that it is, according to the band's website, "...the world's first 360deg interactive music video."  "Watercolour" claimed the No.4 spot in the UK Singles Chart, making it their biggest hit to date. On 21 May 2010, the band headlined the annual Radio 1's Big Weekend festival which was held at the Vaynol Estate, Bangor, Gwynedd. The second single from the album, "Witchcraft", was released on 18 July and charted at No.29 in the UK Singles chart, making it their third highest charted single in the UK. The third single from Immersion was "The Island", and just missed the UK Top 40 at No. 41.  Rob Swire had stated that if it had achieved greater success than "Witchcraft", he would have released a song entitled "Ransom", which was taken off Immersion before the album's release. Swire revealed the original files for "Ransom" were corrupted, and that he has no plans to recreate them, therefore it will not be released. However, on 6 April 2011, Pendulum released "Ransom" as a single via their website with all proceeds going to the Help for Japan fund after the tsunami. "Crush" was released as the fourth single in January 2011. In January 2011, Pendulum released a Deluxe Edition of Immersion via iTunes which contained the album's original 15 tracks and a collection of remixes of "Watercolour", "Witchcraft" and "The Island" by other artists including deadmau5, Tiesto and Chuckie. Both the UK and US store were also given the music videos of those three tracks in the release.

What happened in 2009?

OUT: Pendulum once again toured Europe in 2009.


IN: Verity Ann Lambert  (27 November 1935 - 22 November 2007) was an English television and film producer. She was the founding producer of the science-fiction series Doctor Who and she had a long association with Thames Television. Her many credits include Adam Adamant Lives!

Lambert was born in London, the daughter of a Jewish accountant, and was educated at Roedean School. She left Roedean at sixteen and studied at the Sorbonne in Paris for a year and at a secretarial college in London for eighteen months. She later credited her interest in the structural and characterisational aspects of scriptwriting to an inspirational English teacher. Lambert's first job was the typing of menus at the Kensington De Vere Hotel, which employed her because she had been to France and could speak French. In 1956, she entered the television industry as a secretary at Granada Television's press office. She was sacked from this job after six months.  Following her dismissal from Granada, Lambert took a job as a shorthand-typist at ABC Television. She soon became the secretary to the company's Head of Drama and then a production secretary working on a programme called State Your Case. She then moved from administration to production, working on drama programming on ABC's popular anthology series Armchair Theatre and also early episodes of The Avengers, both of which were then overseen by the new Head of Drama, Canadian producer Sydney Newman.  Catastrophic incidents could occur on live television of this era. On 30 November 1958, while Lambert was working as a Production Assistant on Armchair Theatre, an actor died during a broadcast of Underground and she had to take responsibility for directing the cameras from the studio gallery while director Ted Kotcheff worked with the actors on the studio floor to accommodate the loss.  In 1961, Lambert left ABC, spending a year working as the personal assistant to American television producer David Susskind at the independent production company Talent Associates in New York. Returning to England, she rejoined ABC with an ambition to direct, but she got stuck as a production assistant and decided that, if she could not find advancement within a year, she would abandon television as a career.

Did she ever work for ABC anymore?

OUT:
Returning to England, she rejoined ABC with an ambition to direct, but she got stuck as a production assistant