Word: one-fourth
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...overall economic gains also come at the price of a modest but significant increase in wage inequality, since most of the competitive pressure is on pay for unskilled workers. George Borjas, an economist at Harvard's John F. Kennedy School of Government, figures foreign competition has accounted for one-fourth of the widening gap between the wages of high school dropouts and those paid to college graduates over the past 20 years...
...deal is struck, the remaining question is which side gets the public credit for the tax handouts. To clinch the advantage, the Republicans have added an appealing twist to their family tax-credit plan: it would be retroactive to the last quarter of 1995. Refund checks for one-fourth of the annual amount, $125 a child, would be sent out separately. The mail date would be a few weeks before the next election...
...One thing that helps turn the perfectly natural feeling of sadness or dejection into the pathology known as depression is social isolation. Today one-fourth of American households consist of a single person. That's up from 8% in 1940--and, apparently, from roughly zero percent in the ancestral environment. Hunter-gatherer societies, for all their diversity, typically feature intimacy and stability: people live in close contact with roughly the same array of several dozen friends and relatives for decades. They may move to another village, but usually either to join a new family network (as upon marriage...
...first time in nearly three years, theFederal Reserve cut interest rates by one-fourth of a point today, in hope that easing borrowing costs might prevent the U.S. from slipping into recession. "They did the bare minimum they could to tell the markets they were concerned," saysTIME's Suneel Ratan. It seems to be working: while at least two major banks reduced their consumer loan rates to 8.75 percent, the Dow Jones Industrial Average surged more than 48 points to close at another record 4,664. But Ratan notes that the markets were counting on the move: "Ordinarily, the impact...
...Young as he folds his lanky, cranky frame into the driver's seat of his rust-pocked 1958 Lincoln Continental convertible. The car's been through a lot, and so has Young. The graying, semi-reclusive singer-songwriter was a member of the countrified '60s rock group Buffalo Springfield; one-fourth of the vocal quartet Crosby, Stills, Nash & Young; an anti-Nixon protester in the '70s; a sometime Reagan sympathizer in the '80s. Now in the '90s Young is a father figure for a new generation of alternative rockers. He turns the ignition key. The engine roars, tires spin...