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...taxes) two years ago buying bank CDs or short-term Treasury securities. Now you earn less than $5,000 in an average one-year CD, about $2,000 in a one-year Treasury. This offers retirees unpleasant choices: reduce their standard of living, eat into their principal or take greater risks to restore the lost income. (Watch TIME's video "Uninsured Again...
Going forward, the U.S.'s knowledge economy may be a setup for a greater degree of income equality, but it's certainly no guarantee. To take one small example, if we, as a society, decide that new areas of knowledge are eligible for strict patents and copyrights - and that that knowledge can then be cloistered within the lineage of the inventor - it will be easier for a parent to pass wealth onto a child and, as a consequence, keep that family richer than others. Economic systems matter. But we're still the ones in control...
Harvard’s managers before the credit crunch. A bad episode (in this case historically bad) will naturally give pause but should not force Harvard to abandon more risky investments in the future if such investments are the smart choice. The entire Harvard community and even all of Greater Boston feel the loss when financial woes strike Harvard. This shared burden, however, cannot justify a policy of forced, unnecessary conservative investing. The community may suffer with Harvard’s losses, but it benefits from its gains as well. Struggles in Cambridge are also being felt nationwide?...
...said he attributes the higher proportion of vitamin D deficiency among populations with darker skin tones to the greater amounts of melanin in their skin. As melanin impedes vitamin D production, it takes significantly longer for someone with darker skin to produce the adequate amounts...
...Women in the U.S. enjoyed fewer improvements than their international counterparts, even though men have been laid off in greater numbers during the recession: "[U.S.] labor force participation of women falls from 70% to 69% and the percentage of women among professional and technical workers falls from 57% to 56%. These losses offset the gains made in the estimated earned income of women and the percentage of women among legislators, senior officials and managers. While the overall score of the United States in political empowerment remained the same as previous years, as other countries make progress, the United States...