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...Kinsley's latest missive in TIME falls prey to one of the oldest traps in economics - Frédéric Bastiat's broken-window fallacy. Just as a broken window creates work for the glazier at the expense of the window owner, money that Kinsley hopes to inject into the economy must first be taken out of it. Add in collection costs and the usual political malfeasance, and we have a net loss to the economy. There's more: Kinsley argues that last summer's high oil prices were essentially a tax on consumers; the money just went...

Author: /time Magazine | Title: Inbox | 1/1/2009 | See Source »

...Faculty of Arts and Sciences halted most staff hiring in late November and then froze Faculty wages and put 70 percent of ongoing tenure searches on hold shortly after the endowment announcement. The Medical School and the Kennedy School cut their budgets as well, and even holiday cheer fell prey to the fiscal chill...

Author: By Crimson News Staff | Title: Top 10 Stories of 2008 | 12/31/2008 | See Source »

...then, do harmful traditions like forced marriage fall? Legislation is most effective when coupled with an education campaign that addresses the everyday obstacles immigrants encounter in their adopted homelands, says Oxford's Talib. "A person's emotional, social and economic dependence sometimes accounts for them becoming an easy prey to forced marriages." Immigrants struggling to retain their cultural identity in their adopted homelands need reassurance that rejecting these norms will not leave them destitute community outcasts. Otherwise, says Talib, cases like Abedin's are sure to be the exception and not the rule: "Without mustering personal strength of initiative...

Author: /time Magazine | Title: The Best Way to Curb Forced Marriages | 12/26/2008 | See Source »

...London, with Colin Blakeley, Vivien Merchant and Dorothy Tutin as the threesome, it seemed the story of a man victimized by two women; in the Broadway version later that year, when the stars were Robert Shaw, Dorothy Tutin and Mary Ure, the man seemed the predator, the women his prey...

Author: /time Magazine | Title: The Pinter of Our Discontent | 12/25/2008 | See Source »

...heart of the matter is a question of justice. A democratic society such as ours only works if the weak are protected from the unfair exploitation by the strong. It’s why it’s illegal for physically stronger people to prey on the powerless and for individuals who own guns to use them against people who don’t. The same is true for intelligence. As a society, we cannot allow people who are smart to exploit people who don’t know how to read a mortgage statement or don?...

Author: By Steven T. Cupps | Title: Go Directly to Jail | 12/4/2008 | See Source »

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