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The Dartmouth
July 9, 2025 | Latest Issue
The Dartmouth

Daily Debriefing

As if watching one's team make a quick exit from the World Cup isn't depressing enough, it may be investors, rather than fans, who bear the brunt of the damage, according to a study by Professors Diego Garcia of the Tuck School of Business, Alex Edmans of the Massachusetts Institute of Technology and Oyvind Norli of the Norwegian School of Management. In the study, to be published in this month's Journal of Finance, Garcia and Edmans sifted through 30 years of macroeconomic data to determine that losses during the pool play portion of the World Cup cause a 0.38 percent drop in the losing team's national stock exchange. The losses go up to 0.49 percent during the elimination portion of the tournament. During the period from the U.S. team's first game to its exit (June 12 to June 22), The Dow Jones Industrial Average rose 2.1 percent, from 10,792.58 to 11,019.11.

Former Dartmouth professor Jack Hirschman is one of the last surviving members of his species: Beat poet, pacifist and "avowed Marxist," Hirschman left Dartmouth in the 1960s for a post at the University of California at Los Angeles. After giving As to all of his students in an attempt to secure draft deferrals for them, Hirschman left academia for good to devote himself to the poet's craft. Soon thereafter, Hirschman became an anti-Vietnam and countercultural fixture in San Francisco. Now the city's poet laureate, Hirschman recently published "Arcanes," a 1,000-page work that has been compared to seminal works by William Carlos Williams and Ezra Pound.

Managing the Detroit Tigers in the days of Joe DiMaggio, Ted Williams and Bob Feller -- all of whom played for American League rivals -- Red Rolfe '31 kept an extensive journal complete with player analysis, scouting reports and game highlights. The recent discovery of Rolfe's journal has inspired a new book from Bill Anderson, "The View from the Dugout: The Journals of Red Rolfe." The book tells the story of Rolfe's four years managing the Tigers, focusing on 1950, when the Tigers finished just three games behind DiMaggio's Yankees for second place. Rolfe, for whom the College's baseball diamond is named, signed with the Yankees after graduating and went on to play until 1942, appearing in four All-Star games and six World Series.