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Word: pasts (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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...Over the past decade, though, reality took a detour from Philippon's theory. Corporate America's need for outside financing fell, but the 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...

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

...know what President Obama's core principles are, but the fact that he even pays lip service to humility as one of them could give him the upper hand in the war for the souls of independents - a group that's larger now than at any time in the past 70 years. He was aggressively modest acknowledging his inconvenient Nobel Peace Prize. He regularly makes fun of his ears...

Author: /time Magazine | Title: The Case for Modesty, in an Age of Arrogance | 11/9/2009 | See Source »

...1960s were by most measures the best decade ever for growth and widening prosperity in the U.S.; the past decade has been a bust. Yet the financial sector was relatively tiny in the 1960s and huge in the 2000s. Could this mean that good times for finance are bad for the rest of us? Philippon says it isn't that simple. The 1990s, for example, were good for both Wall Street and Main Street. His theory, which fits the historical evidence well, is that the financial sector's share of the economy should increase when there are fast-growing companies...

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

...enemy that has bunkers, ammunition depots, land mines and an extensive network of caves. To prevent TTP fighters from escaping over the border to Afghanistan, the army has reached out to what it perceives to be the lesser evil - militant groups that may have fought the government in the past but that detest the TTP more. (See pictures of Pakistan beneath the surface...

Author: /time Magazine | Title: Pakistan Doubles Down Against the Taliban | 11/9/2009 | See Source »

Gelato is the ultimate refinement of a Mediterranean flavored-ice tradition that supposedly dates back to the ancient Egyptians. In the past half-century, Italians have designed machines - engineered and produced in the same region as Ferraris and Lamborghinis - that can produce ever tinier crystals of ice, allowing for less water, less air and more taste. (See pictures of Gelato University...

Author: /time Magazine | Title: Gelato U. | 11/9/2009 | See Source »

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