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...shaped bone turned out to be the lower jaw of a fish, but not any fish Neil Shubin had ever seen. The University of Chicago paleontologist had been chipping his way through an ancient rock formation in an icy drizzle near Bird Fjord on Canada's Ellesmere Island last July when one of his colleagues pointed to a wall of red siltstone and exclaimed, "What's that...
...hike rates?which is why many analysts believe the stock-market party may end sooner rather than later. Higher rates flow through the global economy in a myriad of ways by curtailing borrowing and curbing business activity. Higher borrowing costs hurt corporate earnings, which is ultimately reflected by lower stock prices. Andy Xie, chief Asia economist at Morgan Stanley, says the world's equity markets have been surfing on a "tide of liquidity" for the past five years?meaning investors have been awash in cash, thanks to the easy-money policies of the world's central banks. With interest rates...
...President John W. Kalis, a second-year student at the Divinity School, said graduate students need a more powerful voice. “I’m really concerned that students will not be taken seriously in this process because their input will be seen as second class and lower than the select people who have unfettered access,” said Kalis, who added that the group had not received a reply to its letter from the University as of last night. The president of the Law School Council, Zachary W. Prager, said that the next Harvard leader will...
...against a backdrop of rising peril for dropouts. If their grandparents' generation could find a blue-collar niche and prosper, the latest group is immediately relegated to the most punishing sector of the economy, where whatever low-wage jobs haven't yet moved overseas are increasingly filled by even lower-wage immigrants. Dropping out of high school today is to your societal health what smoking is to your physical health, an indicator of a host of poor outcomes to follow, from low lifetime earnings to high incarceration rates to a high likelihood that your children will drop out of high...
Harvard’s first priority still must be to target and attract underrepresented and lower-income students—people for whom HFAI is currently tailor-made. Fitzsimmons and the successors of University President Lawrence H. Summers and Dean Kirby cannot stop there, however. If Summers truly believes that “the larger the lake you fish in, the bigger fish you will catch,” then he should ensure that Harvard’s financial aid hook is baited with middle-income lures as well. The problem, as I alluded to before, is that these lures...