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Americans are not happy about the huge taxpayer assistance to Wall Street and feel pessimistic about their own economic situation. That's the finding of a new TIME poll (conducted by research firm Abt SRBI) done in late October...
...those who don't owe the government any money. The conventional thinking is that the $700 billion of Troubled Asset Relief Program (TARP) money was the beginning and will be the end of the bailout. TARP lent $238 billion to more than 680 banks, according to SNL Financial, a research firm; 44 of these banks have repaid a total of $71 billion. Thus, there's less than $170 billion, a relative pittance, of TARP money invested in banks...
Could the information economy help narrow the gap between the rich and the poor? That's the implication of a sweeping new study appearing in the journal Science. The research corrals data from 21 populations - from the pre-Industrial merchants of East Anglia to the Ache foragers of present-day Paraguay - in order to look at how wealth gets trapped within certain families...
Most studies of economic inequality look at modern, developed societies, but this research attempts to get at underlying mechanisms by comparing different sorts of less developed ones. Examples span four continents and six centuries and pull from the work of more than two dozen social scientists. Wealth is measured in a variety of ways, from housing quality to hunting returns to social connections provided by in-laws. (See how Americans are spending...
Jason E. Sandler ’12 is hunched over a toilet in Pennypacker, explaining the best way to reach every stretch of porcelain, chrome, and tile in the bathroom. He pauses to describe his summer molecular biology research that could aid in early detection of atherosclerosis, before pointing out how best to eliminate soap scum from shower walls...