Word: majors
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...Researchers at Harvard Business School studied the British system and found that it achieved one of its major goals - reducing big paydays at companies that aren't doing well. That was especially true at firms handing out the most compensation, a particularly relevant finding considering the size of some Wall Street packages...
Your issue on national service was thoughtful, provocative and, I hope, fruitful. I would like to offer a 22nd way to fix up America: create a U.S. public-service academy on par with the three major military academies, designed to attract the best and the brightest young people who want to make a difference. It should provide free college and postgraduate education, offer majors in both domestic and foreign public service, require strong prerequisite credentials like those demanded by the military academies and be apolitical and headed by a person of great prestige who is neither a politician...
When you look at things this way, it becomes clearer what the frenzy in New York City and Washington is all about. There are major quality issues with our nation's flagship product. The authorities have acknowledged the problem--"This is a humbling, humbling time for the United States of America" is how Treasury Secretary Hank Paulson put it in one TV interview. So now Paulson & Co. are recalling defective financial products en masse, slapping GUARANTEED BY THE U.S. GOVERNMENT labels on some of them and replacing others outright with U.S. treasuries...
...When prices go up, they produce more. Not so with real estate, for the most part. This market consists primarily of trading the same thing again and again. And you know the old saw about land: They're not making any more of it. Real estate is the only major consumer market in which how much you'll pay someone depends on your belief about how much someone else will pay you. In this market, prices go up when people believe they will continue to go up. To restore confidence would mean restoring belief in the greater fool. That shouldn...
...chief rival is Ichiro Ozawa, the 66-year-old populist leader of the DPJ, who has vowed to become prime minister and called the upcoming elections Japan's "last chance" to change. Ozawa has set out nine major policy initiatives aimed at perceived LDP weaknesses. Among them is a plan to unify the pension and healthcare systems, which could win points with Japan's aging population and embarrass LDP leaders, who have at times appeared insensitive to the pocketbook issues of ordinary citizens. Ozama also wants to narrow Japan's growing income gap by raising low-income wages and give...