Word: backings
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Wilson's strategy is to take radio back to its local roots while at the same time keeping his company private and well capitalized. "When you cut the costs out of this business, you cut the product. Then you don't have anything to distinguish you from iPods or anything," he says...
...culture warrior, working to ban gay marriage, expand the teaching of intelligent design and restrict abortion. In another era, strident politicians on the ideological edges found themselves marginalized once they got to Washington, where power accrues to longevity--and longevity tends to mellow. But Grayson and Bachmann found a back door...
...there were a simple correlation between financial-sector growth and economic growth, Philippon reasons, finance's share of the economy would stay constant. But when he examined data back to 1860, he found that finance's share of GDP varied widely. It ballooned in the late 19th century, shrank, ballooned again in the 1920s, shrank and stayed low for decades, then began to grow again in the 1970s, reaching unprecedented levels earlier this decade. The measure Philippon uses is the economic value added of the financial sector as a percentage of GDP, which was at about 4% in the 1960s...
...India. The military establishment has belatedly recognized the threat posed by internal militants, but it is difficult to overestimate Pakistan's continuing paranoia about India. Many commanders serving today cut their teeth during wars with India and remain convinced that the country is bent on destabilizing Pakistan and taking back all the disputed territory of Kashmir. That is why analysts like Nawaz say the only real solution to Pakistan's militancy is a regional détente with India. That, he says, would allow "Pakistan to divert resources - not just troops but monetary resources - to the civil sector for better governance...
Gelato is the ultimate refinement of a Mediterranean flavored-ice tradition that supposedly dates back to the ancient Egyptians. In the past half-century, Italians have designed machines - engineered and produced in the same region as Ferraris and Lamborghinis - that can produce ever tinier crystals of ice, allowing for less water, less air and more taste. (See pictures of Gelato University...