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October 18, 2012 - Image 28

Resource type:
The Detroit Jewish News, 2012-10-18

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Alvin Roth

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October 18 = 2012

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Nobel Prize Goes
To Jewish Economist
(Haaretz) — Jewish-American econo-
mist Alvin Roth and his American
colleague Lloyd Shapley were
awarded the Nobel Memorial Prize
in Economic Science on Monday for
their work on market design and
matching theory.
Their groundbreaking work, which
primarily focuses on markets that
do not have prices, enables people
and companies to find and select one
another in everything from marriage
to school choice to jobs to organ
Roth, 60, is a professor at Harvard
University and currently a visit-
ing professor at Stanford, while
Shapley, 89, is a professor emeritus at
University of California Los Angeles
Both laureates have strong aca-
demic ties to Israel. Roth was a visit-
ing professor at Technion Insitute in
Haifa and Hebrew University, while
Shapley received an honorary doctor-
ate from Hebrew University and has
worked closely with Israeli Nobel
Prize Laureate Robert Auman.
David Warsh, who follows aca-
demic economists on his Economic
Principals blog, told Haaretz that
Roth's work has revolutionized the
way organs are matched to patients.
Before Roth, he said, "there were no
economists in that business at all.
He's really changed it and saved a lot
of lives."
The $1.2 million award will be
given out by the Royal Swedish
Academy of Sciences in December.

Israelis Shoot Down
Iranian Drone
(JTA) — A drone shot down by
Israel reportedly transmitted photos
of preparations for a military drill
between Israel and the United States,
and of key weapons sites in Israel.
Israeli troops shot down the
unmanned aerial vehicle, or UAV,
on Oct. 6 over the Negev desert
after it entered Israeli airspace
near the Mediterranean Sea. The
drone was launched from Lebanon
in a cooperation between the

Iranian Revolutionary Guard and
the Lebanon-based terrorist group
Hezbollah, the Sunday Times of
London reported, citing unnamed
Hassan Nasrallah, in a televised
speech Oct. 11, admitted to sending
the drone, which was followed before
being intercepted and shot down in
an unpopulated area.
The admission came several hours
after Israeli Prime Minister Benjamin
Netanyahu issued a statement saying
that Hezbollah was responsible for
launching the drone.
Nasrallah said the drone was
Iranian-made and "flew over sensitive
installations" in Israel, according to
The Times reported that the drone
was the new Shahed-129 introduced
in Iran in September, which Tehran
says has a range of up to 1,200 miles,
can stay aloft for 24 hours and has

Israel Will Stop
Finnish Ship
(JTA) — Israel has warned Finland
that it will stop a ship sailing under
the Finnish flag carrying human
rights activists attempting to break
Israel's naval blockade of Gaza.
The Swedish-owned Estelle, carry-
ing 17 activists from countries includ-
ing Canada, Norway, Sweden, Israel
and the United States, is near Crete
and expected to reach Gaza in about
a week.
"Israel said that it would take
action to stop the ship from reaching
land if it tries to break the blockade,"
Finnish Foreign Ministry spokesman
Risto Piipponen said Oct. 13, accord-
ing to the French news agency AFP.
"We pointed out that it is a civilian
vessel and urged them to practice
restraint in any action they take."
Part of the Freedom Flotilla move-
ment, the Estelle reportedly is carry-
ing humanitarian aid such as cement,
basketballs and musical instruments.
The small vessel began its journey in
Sweden and toured Europe, includ-
ing Finland, France and Spain, before
arriving earlier this month in the Gulf
of Naples.
The Freedom Flotilla's first attempt
to break the blockade ended in the
deaths of nine Turkish activists after
Israeli Navy commandos on May 31,
2010, boarded the Mavi Marmara,
which claimed to be carrying human-
itarian aid, after warning the ship not
to sail into waters near the Gaza Strip
in circumvention of Israel's naval
blockade of the coastal strip.

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