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...financial sector refused to shrink; it pumped out ever riskier products until the 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...

Author: /time Magazine | Title: Are Bankers Worth Their Big Paychecks? | 11/9/2009 | See Source »

Zero-tolerance policies have always come under fire for being too strict. Christie’s case illustrates just why more flexibility may be necessary; the consequences seemed to far outstrip the crime. Indeed, although zero-tolerance policies are necessary measures for ensuring the safety of America’s schools, fairness requires that the punishments assigned for violating these policies be discretionary...

Author: By Peter M. Bozzo, CRIMSON STAFF WRITER | Title: Protecting American Education | 10/21/2009 | See Source »

...response to China's gains, India's navy aims to modernize its fleet. It launched the country's first nuclear submarine in July and purchased new destroyers from Russia and the U.S. Still, China's plans to build aircraft carriers and boost its own submarine fleet far outstrip that of New Delhi. India has expanded defense contacts and exchanges with a host of strategic Indian Ocean countries and archipelago nations such as Mauritius, Seychelles, Madagascar and the Maldives as well as engaged in naval exercises with other East Asian and Southeast Asian nations that are wary of China's growing...

Author: /time Magazine | Title: India's China Panic: Seeing a 'Red Peril' on Land and Sea | 9/20/2009 | See Source »

...such a chasm of mutual suspicion - and much easier to exploit it. Wilders has long played on fears of the enemy within. Only 5% of the Dutch population - around 850,000 people - is Muslim. But Dutch Muslim communities are highly visible, being concentrated in urban areas, and their birthrates outstrip those of the wider community. "Islam wants to dominate every part of life and society," says Wilders. "It does not want to integrate or assimilate...

Author: /time Magazine | Title: The March to the Far Right | 8/10/2009 | See Source »

...marketing will be needed to sell the Nano to aspiring Indians like the ones I met in Pune. Indians buy about 1.4 million cars and 7 million two-wheelers a year. Even if the Nano initially grabs just a fraction of this market, as Tata executives expect, demand will outstrip the current annual production capacity of 45,000 cars - meaning there will likely be long waiting lists and disappointed customers. But Tata Motors can't make more Nanos due to a controversy over construction of what was to be the Nano's main factory in Singur in the state...

Author: /time Magazine | Title: The World's Cheapest Car Debuts in India | 3/23/2009 | See Source »

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