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...hires come at a time when the bank's traditional investment-banking operations seem to be shrinking. Overall, Morgan has lowered its payrolls by 8% in the past year, but its ranks of investment bankers have fallen by a slightly steeper 10%. And in underwriting, a key investment-banking business, Morgan has continued to lose ground. Through the first six months of this year, Morgan ranked as the sixth largest underwriter of stock and bond offerings, down from fourth two years...

Author: /time Magazine | Title: How the Financial Crisis Reshaped Morgan Stanley | 9/22/2009 | See Source »

...Fine, liberals concede, but there’s no going back to 1960. No one wants to. But the two-parent household has rebounded recently—among the college-educated. Since the 1980s, divorce among them has fallen by 30 percent. Meanwhile, it has risen among the less educated by about six percent. Gary Burtless, an economist at the Brookings Institute, calls this difference a main driver of economic inequality. Why the two-parent household has become more popular among the college-educated and less so among other demographics is an important question—not a distraction...

Author: By Brian J. Bolduc | Title: The Culture War | 9/21/2009 | See Source »

...public affairs and social work at the University of Wisconsin-Madison, and Deborah Reed, director of research at Mathematica Policy Research, set out to study how the changing makeup of American families has affected the number of people below the poverty line. Considering how the rate of marriage has fallen and the rate of divorce has risen, the researchers expected the number of people living below the poverty line to grow 2.6%. But when they looked at the data, poverty had increased by less than half that amount. (See photos of Carley Roney and David Liu, co-founders...

Author: /time Magazine | Title: The Economic Benefits of Marriage: A Closing Gap | 9/19/2009 | See Source »

...homicide goes, federal figures show that rates are down: matching the country's general crime trends, workplace killings have fallen by more than half since the 1990s, tumbling from 1,080 in 1994 to 517 in 2008, according to the Bureau of Labor Statistics (BLS). The figure fell 18% from the year before. "I think there is undue anxiety over homicide at work. There's no question," says Barton, who helps train the FBI to prevent workplace violence...

Author: /time Magazine | Title: The Yale Killing: How Common Is Work Violence? | 9/19/2009 | See Source »

...spent just one day hearing cases before starting his tenure at the Supreme Court.Souter has also joined a committee in his home state of New Hampshire that aims to provide statewide standards for a curriculum of civic education—a “subject that has nationally fallen into great disrepair.” And “quite frankly,” the now-retired Supreme Court Justice of simple, but eccentric, tastes (most notably his daily lunch of yogurt and an apple, including the core), said he was looking forward to “do[ing] some...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: Souter Debates Constitution | 9/18/2009 | See Source »

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