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...approximately 4,500 undergraduate students throughout the 1980s and 1990s, according to Schmill, but the university reduced its class size when it began requiring all freshmen to live on campus...

Author: By Julie M. Zauzmer, CONTRIBUTING WRITER | Title: MIT May Add 300 To Undergrad Class | 11/10/2009 | See Source »

...nearly collapsed. Why the refusal? Maybe the pay was too good. Philippon and the University of Virginia's Ariell Reshef have found that, starting in the mid-1980s, financial-sector paychecks began to outstrip those for jobs in other sectors demanding similar skills and education levels. Since the late 1990s, Philippon and Reshef estimate, 30% to 50% of financial-sector pay has amounted to what economists call rents - windfalls that serve no economic purpose. They may even hurt the economy by pulling highly skilled workers out of other, potentially more productive fields...

Author: /time Magazine | Title: Are Bankers Worth Their Big Paychecks? | 11/9/2009 | See Source »

...prosperity in the U.S.; the past decade has been a bust. Yet the financial sector was relatively tiny in the 1960s and huge in the 2000s. Could this mean that good times for finance are bad for the rest of us? Philippon says it isn't that simple. The 1990s, for example, were good for both Wall Street and Main Street. His theory, which fits the historical evidence well, is that the financial sector's share of the economy should increase when there are fast-growing companies needing outside funding, like railroads in the late 19th century, manufacturers...

Author: /time Magazine | Title: Are Bankers Worth Their Big Paychecks? | 11/9/2009 | See Source »

...leader, who eluded capture for 12 years until his arrest in 2008, boycotted the start of his U.N. trial on genocide and war-crimes charges, claiming he needed more time to prepare his defense. Prosecutors allege that Karadzic, who is representing himself, carried out ethnic-cleansing campaigns in the 1990s in Bosnia. The judge has rejected Karadzic's protests and ordered that the trial continue...

Author: /time Magazine | Title: The World | 11/9/2009 | See Source »

Silence from Rome The American hierarchy has been divided before, most recently in the 1990s by Cardinal Joseph Bernardin's argument that abortion is not the only issue in the "seamless garment of life" that Catholics are called to promote. But the current debate, which is expected to surface again when the United States Conference of Catholic Bishops (USCCB) holds its general meeting later this month, is the bitterest yet. A minority faction of bishops had hoped Pope Benedict XVI would lead the way in punishing those who dissent from church teaching. His preference for avoiding the political fray...

Author: /time Magazine | Title: Priests Spar Over What It Means to Be Catholic | 11/8/2009 | See Source »

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