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...also followed a large group of Canadian college students and found that those who graduated during a recession initially suffered significant earnings losses, around 10%, and it took eight to 10 years for that effect to fade. Why do they take such a big hit and for so long? In a recession, well-paying firms and industries hire fewer workers, so college graduates have to take jobs with less attractive firms. Graduates can recover by finding a new job at a better-paying firm, but that process can take a long time. Some workers never actually recover. Those who graduated...

Author: /time Magazine | Title: Economist Till Marco von Wachter | 10/6/2009 | See Source »

...stable jobs are an important part of the labor market, in terms of the entire population, they're not a dominating fraction. In a recession, everyone holds back on alcohol consumption, smoking and overeating. Also, there are fewer work and car accidents, and that could dominate the aggregate healthier effect...

Author: /time Magazine | Title: Economist Till Marco von Wachter | 10/6/2009 | See Source »

During the event, each winner or winning team gave the audience insights into the logistics and implications of their research.Projects ranged from the effect of naming cows on their milk production to determining whether it is better to be hit with a full bottle of beer or an empty bottle during a fight...

Author: By Amira Abulafi, CONTRIBUTING WRITER | Title: Ig Nobel Winners Explain Research | 10/5/2009 | See Source »

...required first-year course “Business, Government, and the International Economy,” plans to add cases on the sudden demise of the Icelandic banking system and on the effect of this recent economic crisis in the developing world, according to course head Rawi E. Abdelal...

Author: By William N. White, CRIMSON STAFF WRITER | Title: HBS Curriculum Adapts to Meltdown | 10/5/2009 | See Source »

...certain type of prejudice rarely applied to other Middle Eastern countries. Since when has it been acceptable to posit that all Jews think alike and that, in that sense, Goldstone should be praised for not “thinking like a Jew” and defending Israel? To that effect, many Jews worldwide do not fit the pro-Israel mold, a belief that the report’s proponents seem to harbor...

Author: By James K. Mcauley | Title: All in a Name | 10/5/2009 | See Source »

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