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Until recently, economists had done shockingly little work in this area. "Nobody had looked at the flip side, which is, Can there be costs?" says Thomas Philippon, a young Frenchman who teaches finance at New York University's Stern School of Business. "That is because it's harder to measure, and it's a bit more controversial." Philippon has begun trying to fill this research gap, and while he hasn't come up with definitive answers, he has made some very interesting discoveries. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Are Bankers Worth Their Big Paychecks? | 11/9/2009 | See Source »

...Pakistani army's relationship with its lesser-evil militants is unlikely to please the U.S. These are groups that have trained their guns principally on U.S. and NATO troops across the border in Afghanistan and have assisted Afghan Taliban who have established bases on the Pakistani side of the border. But Shuja Nawaz, director of the Atlantic Council's South Asia Center, says the army is not strong enough to take on the Afghan Taliban based in Pakistan and their friends in the tribal regions. The army, he says, doesn't have "the numbers or the equipment to do that...

Author: /time Magazine | Title: Pakistan Doubles Down Against the Taliban | 11/9/2009 | See Source »

...arrived in New York City in 1920 as an 18-year-old refugee from the Turkish campaign of atrocities against Armenians. One year earlier, his mother had died of starvation in his arms. In adulthood, from 1926 to 1942, he obsessively reworked two haunting double portraits that showed them side by side - he the tentative 10-year-old; she an impassive totem, forever out of reach beneath waves of nostalgia...

Author: /time Magazine | Title: Arshile Gorky: The Shape Shifter | 11/9/2009 | See Source »

Wheeler was in perfect position on the opposite side of the net to capitalize on the rebound, and she slammed it home for her first goal of her college career...

Author: By Madeleine Smith, CONTRIBUTING WRITER | Title: Shutout Gives Harvard 500th Win | 11/9/2009 | See Source »

...Crimson continued the powerful offensive play and kept the puck on St. Lawrence’s side of the ice for over three minutes following the goal. In the final minute of the period the Saints got a good look at the goal, but the shot bounced of Harvard’s side post to preserve the 1-0 score...

Author: By Madeleine Smith, CONTRIBUTING WRITER | Title: Shutout Gives Harvard 500th Win | 11/9/2009 | See Source »

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