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...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 needing outside funding...
...both guerrilla in nature - the militants know the terrain and have local support - and conventional in its goals. "For the military, the goal is limited: to degrade and destroy these elements and not let them use South Waziristan as a sanctuary from which to spread terrorism in the rest of Pakistan," says Rifaat Hussain, of Islamabad's Quaid-i-Azam University. "But for the TTP, it is a battle for survival. If they lose, the whole movement is finished...
...YORK—As The Crimson indicated in Friday’s Around the Ivies column, Harvard football couldn’t rest on its laurels Saturday against Columbia. In the early weeks of the season, the Lions embarrassed their opponents and positioned themselves in the Ancient Eight’s upper echelon. This weekend, the Crimson answered the call...
...rest of us (including this FlyBy correspondent), guess we’ll just have to stick with the yogurt and muffins from HUDS. Sigh...
Harvard’s defense kept Columbia in check for the rest of the half but failed to convert on several of its own opportunities...