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...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 »

...following weekend, when Obama called Medvedev to look for support on Iran, he received a polite but noncommittal reply. After the call, Russia's top negotiator, Sergei Ryabkov, publicly urged "maximum patience" and "additional incentives" for Iran, neither of which is attractive to Washington. A senior official in Moscow told me that if the U.S. permanently stations Patriot batteries in Poland, Russia may proceed with deliveries - which had been suspended - of S-300 antiaircraft missiles to Iran. Such systems could significantly increase the cost of any air strikes. "Obama is beginning to repeat the Bush pattern," the official said, "where...

Author: /time Magazine | Title: Moscow in the Middle | 11/9/2009 | See Source »

...CALL TO ACTION

Author: By Jessie J. Jiang and Natasha S. Whitney, CRIMSON STAFF WRITERS | Title: Using Religion to Go Green | 11/9/2009 | See Source »

...likes to call herself the oldest hippie in Harvard Square,” said Denise A. Jillson, the Executive Director of the Harvard Square Business Association. “She’s been the go-to figure for all things folk for a long time...

Author: By Stephanie B. Garlock, CRIMSON STAFF WRITER | Title: Square Embraces Folk Music Roots | 11/9/2009 | See Source »

...Around the Ivies column, Harvard football couldn’t rest on its laurels Saturday against Columbia. In the early weeks of the season, the Lions embarrassed their opponents and positioned themselves in the Ancient Eight’s upper echelon. This weekend, the Crimson answered the call...

Author: By Dixon McPhillips, CRIMSON STAFF WRITER | Title: NOTEBOOK: Quick Start Sparks Crimson Victory | 11/9/2009 | See Source »

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