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Founded on Jan. 12, 1959, Motown quickly became another Detroit factory; where the Big Three produced automobiles, Motown assembled the soul and pop classics that changed America. There's no hyperbole in that statement. Arriving at the height of the civil rights movement, Motown was a black-owned, black-centered business that gave white America something they just could not get enough of - joyous, sad, romantic, mad, groovin', movin' music. (See an audio slideshow of five of Motown's best tunes...
...male subjects' returns, the 2D:4D ratio accounts for only 20% of the difference in profit levels observed in the study, according to John Coates, a Wall Street trader turned Cambridge scientist and the study's lead author. "Which means there's 80% left unexplained. It's like height in tennis. It appears to give you some sort of advantage, but there's probably a dozen other things giving you an advantage, and if you were to focus just on [height], you'd be missing all sorts of great players like Jimmy Connors," Coates says. "You need speed, you need...
That correlates with what Jeffrey Ashe found in the 1990s when he ran a group-lending outfit. Working Capital, which had branches from Burlington, Vt., to Miami, eventually collapsed, but at its height the entrepreneurs were tremendous sources of support to one another, says Ashe. "I'd say that might have been more important than the loans," he recalls. "After they stopped borrowing, a lot of the groups would still meet - to help with bookkeeping, to refer customers to each other." Even if microlending isn't a clear-cut pathway out of poverty - and years of studies have...
What has changed is the way we spend that 18%. In the 1950s, during the Korean War and at the height of the Cold War, about 10% of GDP was devoted to defense. Over time, that share of spending on defense declined, making room for proportionally more spending on things like health care, education and infrastructure. By the late 1970s, as defense spending declined to 4% to 5% of GDP, there wasn't a lot more room to squeeze defense for higher domestic spending. Even with the end of our current wars in Iraq and Afghanistan, it's most unlikely...