Word: correct
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Dates: during 2000-2009
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Whether you think this is a problem depends on whether you agree with Kaplan and Rauh's assessment of the forces behind rising Wall Street pay. If it was all a market phenomenon, it will now correct itself, as the financial sector's employee ranks and paychecks shrink to reflect the smaller pool of assets it has to play with. Overall income inequality is likely to drop sharply as well, Kaplan says...
...what if Wall Street's pay practices helped cause the mess we're in, and what if they don't correct themselves? The bonuses granted by Merrill and other money-losing firms seem to indicate an unwillingness to adapt to changed circumstances. Yet government attempts to dictate compensation at financial institutions are likely to bring about unintended and probably unpleasant consequences. The solution could lie instead in restricting certain financial behaviors or just hiking tax rates on the highest incomes. The bottom line is that Wall Street is uniquely risky--but that doesn't mean the risk takers have...
...there are no government programs to keep the housing prices at or near current levels as people are pushed out of work. If enough people lose homes, some of them will at least have the opportunity to buy property that they can afford, property which has reached its economically "correct" level through the forces of the market and not through a system that manages prices...
...modern opera first performed in Venice in 1951, is seldom included in the repertoire of major companies due to the common but misguided perception that English opera is inferior to its Italian or German counterpart. Over the past two weekends, the Dunster House Opera sought to correct this under-appreciation of Stravinksy’s work. Though the undertaking was an ambitious choice—the unorthodox rhythmic and harmonic elements of the music are particularly difficult—the company achieved a level of artistry not often seen within the realm of collegiate opera. “The Rake?...
Mental health is at root a medical issue, but it is also a matter of honor. The current epidemic of suicides will be a stain in the history of the United States, but the U.S. has always moved to correct its injustices of the past. As such, any effort of the U.S. military to extend mental-health services for its troops should be one that all Americans embrace...