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...underlying problem is something called misallocation of human capital. It's a fancy term for the idea that in the past few decades the U.S. may have been producing too many M.B.A.s and not enough R.N.s. Economists used to talk about it as one of those long-term risks that most people shouldn't worry too much about. Now, the problem - like the dangers of subprime lending, obscure financial instruments and so many other things we didn't worry about - seems to actually be a problem...

Author: /time Magazine | Title: Why Unemployment Could Be Worse This Time | 11/23/2008 | See Source »

...pedophiles have human rights? Poland’s answer is a resounding “no,” as legislation debated last month in the Polish parliament set to enforce compulsory chemical castration for convicted pedophiles. The proposal garnered 84 percent support from Poles, but it has been widely condemned by European Union leaders, who view it as a violation of human rights. Although the legislation is aimed at protecting future victims, it undermines the Polish legal system, the ethics of medical science, and the classification of pedophilia as a crime. In a modern political community like Europe, everyone...

Author: By Olivia M. Goldhill | Title: Human Rights for the Inhuman | 11/23/2008 | See Source »

...Although it is more appropriate to punish than to cure pedophilia, the use of chemical castration as a punishment is vastly unjust. As a member of the EU, Poland has a responsibility to maintain a legal system that respects human rights—even those of criminal pedophiles. Yet even those in positions of power have failed to fulfil this responsibility. In September, Polish Prime Minister Donald Tusk said, “I don’t think you can call such individuals—such creatures—human beings. I don’t think you can talk...

Author: By Olivia M. Goldhill | Title: Human Rights for the Inhuman | 11/23/2008 | See Source »

...Originally, health benefits were intended to draw in attractive job candidates. "The original story behind medical benefits was that companies wanted to attract family men," says Stacey Kole, a human resources expert at the University of Chicago Booth School of Business. "Because they perceived married men to be more stable and productive than those in the marriage market." Now that there is little differentiation among benefits across the private sector, many companies rely less on benefits in attracting ideal applicants. Even as private employers have cut back on their pensions and benefit promises, though, public entities, which make...

Author: /time Magazine | Title: Government Jobs Looking Better in the Downturn | 11/22/2008 | See Source »

...interview with TIME at the height of the panic last month, Geithner described the process of balancing technical indicators of market distress with the human factors affecting the crisis. "Our job is to figure out what the system can bear and mitigate the panic, and we don't depend on what people tell us about that to make those judgments," Geithner said. "But you can tell a lot from what's in someone's voice. And when you have [the leaders of] what are, without a doubt, some of the strongest, best-run institutions in the world [on the phone...

Author: /time Magazine | Title: Obama Picks Geithner, an Insider, for Treasury | 11/22/2008 | See Source »

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