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...Professor Reich claims he is concerned about poverty. But it is an educated person who is statistically less likely to ever become poor or dependent on welfare. Reich editorializes against inequality (“America’s very rich are richer than ever”) but after naming the problem, he rejects a proven solution. Higher education is key to social mobility, and more donations have allowed colleges to afford financial aid initiatives. A decrease in donations received due to tax considerations would only hurt lower- and middle-class families...

Author: By Jan Zilinsky | Title: Is Harvard good for society? | 10/10/2007 | See Source »

...harder to understand why this should be. Currencies rise and fall over time because countries really do get richer and poorer. Dig something valuable up from under the ground, or devise products or services that people value, and your money will be worth more. Let your industries fall behind, or allow inflation to debase the value of your money, and its global standing will decline...

Author: /time Magazine | Title: Why the Dollar Is a 98-lb. Weakling | 9/27/2007 | See Source »

TOKYO The Japanese believe that yellow wallets bring riches, but gold wallets like Prada's Saffiano Metal Oro ($453) make you even richer...

Author: /time Magazine | Title: The A List: Wallets | 9/21/2007 | See Source »

...jewelry made exclusively for them by Cartier and Boucheron and all that. There's been no cultural revolution that's been thrust upon us. It's not as if we're seeing our first red lipstick and going out and buying it in hundreds of thousands. India is getting richer. At a very micro level, I think every Indian woman who is now financially independent is realizing the joys of guilt-free consumption. We are kind of moving from a 'we' culture to a 'me' culture...

Author: /time Magazine | Title: Media: Priya Tanna | 9/21/2007 | See Source »

...unless other countries cut their greenhouse emissions, our efforts will be undercut," Akumu says. In the meantime, floods, droughts, earthquakes, landslides and other natural disasters are expected to become more frequent, along with the occurrence of diseases such as typhoid, cholera and malaria. Akumu warns that without aid from richer countries in the form of cash to pay for more durable roads and hospitals, Africa will be unable to handle more disasters like this summer...

Author: /time Magazine | Title: Is Global Warming Drowning Africa? | 9/21/2007 | See Source »

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