Word: below-market
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...impact of the below-market wage earners tends to fall hardest on unskilled workers at the bottom of the wage pyramid. "Any sizable increase in the number of immigrants will inevitably lower wages for some American workers," says George Borjas, a professor at the Kennedy School of Government at Harvard. Borjas calculates that all immigration, by increasing the labor supply from 1980 to 2000, "reduced the average annual earnings of native-born men by an estimated $1,700, or roughly 4%." Borjas says African Americans and native-born Hispanics pay the steepest price because they are more often in direct...
While HMC’s internal structure affords it better control over the risks it takes at a lower price, at times the in-house approach exposes Harvard to searing public scrutiny, and HMC has had difficulty retaining top managers at below-market wages...
While HMC’s internal structure affords it better control over the risks it takes at a lower price, at times the in-house approach exposes Harvard to searing public scrutiny, and HMC has had difficulty retaining top managers at below-market wages...
...economy will be crucial. Critically, outside experts say the country needs to improve corporate governance and the functioning of the nation's puny financial markets. Investors currently have little protection from powerful locals who use practices frowned upon in the West - such as sales of stock to insiders at below-market prices and reverse stock splits - to squeeze out small shareholders. "One shouldn't get caught up in the emotion of a political fairy tale," cautions William F. Browder, who runs Moscow-based investment firm Hermitage Capital Management and says Ukraine is about five years behind Russia in terms...
Summers also unveiled the Harvard Educational Loan Program (HELP), a partnership with Citibank that offers students loans at a below-market rate of 4.1 percent...