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...quarter of GDP growth over the past seven years has been linked to housing starts. The resulting housing glut stemmed above all from overconfidence about tourism and speculation on second-home purchases. But José García-Montalvo, an economics professor at Barcelona's Pompeu Fabra University, says basic misconceptions about the rapidly changing Spanish family have exacerbated the problem. Gung-ho developers forged ahead with building projects, in part because government estimates of housing demand made faulty assumptions. A divorced couple, for instance, was automatically calculated as demand for one additional home, though in reality the husband often...
...example, Way mentioned the career internship program, which allows players to intern with different corporations around the country during the off-season. Although each of the four schools has its own curriculum for the program, all of the schools still provide participants with an exposure to basic finance and accounting skills, according to Roberts. After spending this week at the Business School, the players will return home for four weeks to research their own business idea. The players will then return to campus and present their ideas to each other in small working groups, according to Roberts...
...President last week but could continue to pull the strings until, as he hinted in his resignation letter, "my last breath." In his inaugural speech, Raul did emphasize that his priority would be to make Cuba's sclerotic system more efficient and open in order to "satisfy the basic needs of our population, both material and spiritual, starting with a sustained strengthening of our national economy and its productive base." But, as if cowed by the shadow of big brother, Raul insisted that only Fidel could be considered Cuba's true commander-in-chief. "We all know it," he admitted...
...liberal gun laws. The problem isn’t just that we are crazy now; it’s that we are progressively getting crazier. The WHO predicts that by 2020 mental health disorders will become the second most common disease in the world, just behind heart disease. The basic consensus: if you aren’t crazy now, just wait—you will...
...knowledge expands its understanding of genomics and the chemical make-up of the brain, there is a temptation to declare what should be considered a model specimen of Homo sapiens. However, the greatest contributor to human diversity is not large-scale cultural, environmental, or genetic diversity, but rather the basic differences that makes every brain unique. To load a person up on chemicals or therapies in order to iron out the aspects of his personality that don’t correspond to an arbitrary Platonic ideal of normality stands against the core values of Western civilization. The quirks and eccentricities...