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...manager pay but added offhandedly that he would like to see more progressive taxation in the United States. The recent election results suggest that this won’t happen anytime soon. If, in the meantime, President Summers wants to reverse the increasing income inequality within America, he can begin at home...
...year-old Summers soon shipped off to the Massachusetts Institute of Technology (MIT). He received his bachelor’s degree in 1975, and moved five minutes down the road to begin his Harvard career as a graduate student in economics, landing spots as a tutor in Lowell House and teaching fellow in Ec 10. Before finishing his dissertation, he began teaching economics as an assistant professor...
...speculation regarding Kim's status. North Korea can't condemn capitalism and still allow increasingly open markets without overhauling its ideology and propaganda. China's economic reforms, begun 25 years ago, coincided with the demise of Mao Zedong's cult of personality. It makes sense that Pyongyang, too, will begin a process of change by lowering Kim's profile. Professor Ruediger Frank, a North Korea specialist at the University of Vienna, visited Pyongyang in September and for the first time noticed that portraits of North Korean leaders had been removed from his hotel room. In an essay posted...
...when they had their first drink, the more likely they were to abuse alcohol as adults. The scientists were even able to quantify the risk: for every year earlier that an adolescent starts imbibing, the chances of becoming a problem drinker increase 12%. They also found that kids who begin drinking as teens are more likely to become seriously intoxicated during routine drinking episodes later in life, presumably because they need more alcohol to get high. --By Alice Park
...action than information. He wants a more aggressive spy service-a good thing. But he also wants a more compliant spy service-not such a good thing. He has hired Porter Goss to achieve both goals at the CIA. He has also issued a series of memos that begin to lay out his vision: one supports a 50% increase in the number of covert operatives-an excellent idea. Another seems to support the transfer of operational control over the use of covert force from the CIA to the Pentagon. That may not be a bad idea, either, but it feeds...