Word: lating
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...system nearly collapsed. Why the refusal? Maybe the pay was too good. Philippon and the University of Virginia's Ariell Reshef have found that, starting in the mid-1980s, financial-sector paychecks began to outstrip those for jobs in other sectors demanding similar skills and education levels. Since the late 1990s, Philippon and Reshef estimate, 30% to 50% of financial-sector pay has amounted to what economists call rents - windfalls that serve no economic purpose. They may even hurt the economy by pulling highly skilled workers out of other, potentially more productive fields...
...that simple. The 1990s, for example, were good for both Wall Street and Main Street. His theory, which fits the historical evidence well, is that the financial sector's share of the economy should increase when there are fast-growing companies needing outside funding, like railroads in the late 19th century, manufacturers in the 1920s and tech firms in the 1990s. If financing wasn't in great demand in the booming 1960s, perhaps that was a warning sign of stagnation to come rather than evidence of the uselessness of financiers...
...much better than he did when trying to win Russian support for Chicago's Olympic bid: he called Putin two days before the crucial vote, when Moscow was already committed to Rio, and offered nothing in return to the rather unsentimental Russian Prime Minister. Sadly, this too little, too late approach to Moscow on Iran's nuclear program may force the Administration to make precisely the decision it hopes to avoid: between a nuclear Iran and a new and dangerous war in a critical region...
Brown held on to its slim advantage until Comrie blasted one through the block en route to tying the score at 18. Harvard took a late lead at 21-19 off of Brown attack errors and held on to grab a 25-22 victory...
...Raider forward Austin Smith brought his team even closer with a goal at the 10-minute mark. Just two minutes later, Smith tallied another, tying up the game at four. With four minutes remaining, Colgate freshman Robbie Bourdon broke the deadlock, giving the Raiders a 5-4 edge. A late-game Crimson power play and other attempts on goal were unsuccessful...