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SOURCE: STOCKHOLM INTERNATIONAL PEACE RESEARCH INSTITUTE
10 | Stockholm Breaking the Bank for War Despite the global economic downturn, world governments spent $1.46 trillion on defense in 2008--a new record, according to the Stockholm International Peace Research Institute. The U.S. continued to top the list, spending $607 billion to upgrade its armed forces--more than seven...
Emboldened by this work, economists began to apply their number-crunching skills to the postwar market. Chicago graduate student Harry Markowitz devised a model for picking stocks that was, in Friedman's estimation, "identical" to his artillery-shell-fragmentation trade-off. And in the late 1950s, scholars at Chicago and...
One of the key ideas fueling HSR is that the U.S. in the 21st century has grown beyond a country of cities and suburbs to what urban-studies expert Richard Florida calls "mega-regions." Central Florida's I-4 Corridor, between Orlando and Tampa, is a prime example. Mega-regions...
"It would be nice to think that a new high-tech day is dawning over North Korea, but that would be a mistake," argues David J. Smith, chief operating officer and director of the North Korea Project at the National Institute for Public Policy, a U.S. foreign policy think tank...