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...your studies sifted through 30 years of Social Security records following the 1982 recession and determined that earnings losses for folks laid off amid a downturn are not only high but very long lasting. Upon getting new jobs, they took, on average, annual pay cuts of 25% to 30% and even 15 to 20 years later were earning around 20% less. Why? What can happen is that workers often cannot find another job in their same industry. If a worker had accumulated skills that were specific to that industry, then can't find a job in that industry, those skills...
...rest? We were looking at workers who had a stable job at a good firm, and it usually takes a long time to find such a good job match. These types of jobs pay more, but they don't come along that easily. Once you lose such a good job, you may not find another like it. There was a component of luck in having found that matching job, and it's hard to get lucky twice...
...pair of cases challenge Chicago's 27-year-old ban on handgun sales within the city limits. Originally designed to curb violence in the city, the ban has long irked Second Amendment advocates, who take an expansive view of the amendment's wording that the "right of the people to keep and bear arms shall not be infringed." But the Supreme Court had long held that the Second Amendment pertained only to federal laws, until a 2008 decision in District of Columbia v. Heller struck down a ban on handguns in Washington, D.C. The ruling marked the first time...
...first class of eight purely drone pilots graduated at Creech Air Force Base outside Las Vegas Sept. 25, Schwartz hailed them as pioneers in a long-established tradition of military innovators. "When the steamship, the tank and, yes, the aircraft were introduced for military application, institutional disorder resulted," the Air Force's top commander explained, noting that the boosters of these new technologies had been derided as "zealots." Those piloting drones from electronic consoles on the ground, he conceded, have "encountered the same sort of resistance, even in our own Air Force...
...territory, which cannot be done without transforming a corruption-riddled, anarchic and poverty-stricken state into a functioning market democracy. That goal is totally beyond American interests and capabilities and promises only endless war. Nor does the all-out approach help us in Pakistan, whose leaders continue to nurture long-standing alliances with the Taliban as a counterweight to India, Islamabad's real worry. Finally, the all-outers slight the U.S. voters who have run out of patience with the loss of American lives and treasure for a war whose aims they can no longer fathom...