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...answer, I believe, lies in our liberal hubris. I know, because I myself have been guilty of it. When I was accepted into Harvard, I rejoiced at the prospect of joining a liberal, intellectual community. There, I thought, everyone would be politically correct, sophisticated, and physically fit. I would easily be able to find non-pork options in restaurants. Boston, the birthplace of our revolution, would be even more vibrant than Atlanta. Basically, whatever I had in Atlanta I would find in Boston and Cambridge several degrees better (except as regards the weather...
...common misconceptions are about the motivations of suicide bombers? We tend to assume that they act out of personal despair, rage, hatred, belief in paradise or having been brainwashed. We also assume that their actions are completely irrational and destructive. What we need to look at, in order to correct these misconceptions, is the martyr's discourse and the rituals that surround religiously sanctioned suicide terror...
...market. If we have learned anything from the financial crisis, it should be that the market can get things very, very wrong. So paying more people mostly in stock may result not in his stated goal of pay for performance but in pay for randomness. Feinberg is probably correct that his compensation structure won't hurt these firms' ability to retain top talent. Wall Streeters love to let it ride. The question is whether more people hell-bent on boosting their stock price will produce a better outcome for the economy as a whole. What Feinberg is likely to find...
...economic-forecasting models than about the efficacy of the stimulus. But the White House cites these same kinds of models in claiming that the stimulus added between 2 and 3 percentage points to economic growth in the second quarter and 3 points in the third quarter. This may be correct as far as general direction - my unscientific assessment (a.k.a. guess) is that it is - but the exact numbers are probably bunk. (Read "How to Know When the Economy Is Turning...
...agree. For example, Cantor notes that state unemployment burdens are expected to double from $30 billion in 2009 to more than $60 billion in 2012, resulting in what he says will be a doubling of business taxes from $250 to $500 per worker per year by 2012. "Eric's correct, in my opinion, to place an emphasis on trying to make our nation more competitive and prop up the private market - a place which has been kind of under assault the last year or so," says John Feehery, a GOP strategist and former adviser to House Speaker Dennis Hastert...