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...second theory is that economics is the path of least resistance. A student might major in economics because a friend or teammate does—a “herding” effect—or because economics has fewer requirements than many concentrations (10 courses, and 12 for honors). But in recent years, the department has made the concentration tougher, requiring calculus and econometrics on top of statistics, and the number of concentrators has gone up, not down. The grading curves in core economics courses are also among the toughest on campus. Herding, moreover, fails to explain the fact...

Author: By Jeffrey A. Miron | Title: Economic Surplus | 6/2/2008 | See Source »

...impact of such restrictions would be huge: fewer than one in five line-ups taking to the pitch in last season's English Premier League would have complied with the proposed limits. Arsenal, Chelsea's crosstown rivals from North London, regularly fields an all-foreign team...

Author: /time Magazine | Title: A 'Foreigner' Quota for Soccer? | 5/30/2008 | See Source »

...have no hope that help will come.' AYE SHWE, a 52-year-old survivor of the cyclone that devastated Burma three weeks ago. The U.N. estimates that fewer than half of the disaster's 2.4 million victims have received emergency assistance...

Author: /time Magazine | Title: Verbatim | 5/29/2008 | See Source »

...sister's parental rights, said, "I don't want the kids raised or adopted in a white home." The Coxes have appealed the removal order--and phoned Hillary Clinton's office seeking support. Two weeks ago, the First Lady ended her new syndicated newspaper column with a plea for fewer restrictions on interracial adoptions, writing that "skin color [should] not outweigh the more important gift of love that adoptive parents want to offer...

Author: /time Magazine | Title: Adoption in Black and White | 5/27/2008 | See Source »

...World War II. But French traditionalists do warn that unless the Legion returns to honoring people for their sacrifices, it will eventually be viewed by history as one that celebrated the rich and famous for just being the rich and famous. "Today, there are more CEOs and fewer civil servants, more sports stars and more show-business personalities [nominated for the Legion]," lamented an editorial in the conservative daily Le Figaro. "This intrusion of glitter shocks certain purists who see it as the sign of the corruption of the Legion of Honor's original vocation." But at least it will...

Author: /time Magazine | Title: Celine Dion in Napoleon's Pantheon of Greatness | 5/22/2008 | See Source »

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