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Economic theory has caught up to the reality that basic and higher education plays an increasingly important role in the determination of incomes and livelihood. Human capital can be defined as the skills and technical knowledge workers possess. It is analogous to physical capital in that it is a complement to labor productivity and (by extenion) a complement to labor demand. It is also analogous to physical capital in that it represents the outcome of an investment: a costly expenditure in which benefits are spread out over a long period of time...

Author: By Peronet DESPEIGNES Jr., | Title: Cut the Human Capital Tax | 3/22/1995 | See Source »

Does Clinton possess the same stamina and gumption that other great presidents did? Can he see himself and his people through the present quandary, or will his infirmity cost him the presidency? Worse still, will he have to acquiesce to the Right in order to cling to power? The answers will be in the offing...

Author: By Ben Tahriri, | Title: Clinton Can't Give Up Hope | 3/14/1995 | See Source »

...never lucky enough to develop a star ballerina, is right that an imaginative response to music is crucial. All four women move in highly individual ways, and Bussell is particularly daring in her responses. Baryshnikov also points to the obvious qualities a ballerina must possess: the confidence and drive and "extraordinary natural facility." But humility is necessary as well. "A young girl must open her heart and mind," Baryshnikov says. "She must have the ability to learn, and learn from people who have never been as good as she already is. If you start out saying, 'Why listen...

Author: /time Magazine | Title: POINT PERFECT | 2/13/1995 | See Source »

Collectors are crazy, a little or a lot--gently mad or glittery-eyed gaga. Nuttiness is the only sane explanation for wanting to possess every matchbook cover or baseball card ever printed or for paying $47 million to own a Van Gogh. Or trying to collect every fact in the space-time continuum by memorizing an encyclopedia or deciding to experience one of every kind of lover...

Author: /time Magazine | Title: ONE OF EACH | 2/13/1995 | See Source »

...ours cannot afford to proceed blindly, trusting that our own conceptions of network security are in fact reality. In addition, all network users should receive detailed Unix manuals, as well as Harvard's particular network configuration and idiosyncrasies. Only in this way can we expect that responsible users will possess adequate information about their system...

Author: By Theodore K. Gideonse, | Title: HASCS Is Watching | 2/10/1995 | See Source »

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