Word: smalleness
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...These panel members and other psychologists and sociologists have long noted that an increase in personal wealth above a certain income (about $12,000 a year per person, in some studies) has only a small effect on life satisfaction. Far more important is a person's relative position in society - how big your house is compared with your neighbor's, as opposed to its absolute size. According to these studies, even if everyone's income rose at a uniform rate - a rising tide lifting all boats - the growth would not make anyone significantly happier, at least not in the long...
...Instead, that task has fallen to small, independent think tanks and policy institutes. Their efforts to counter the claims of opponents of the bill have produced eye-opening reports. The most important of these, issued last week by the Institute for Policy Integrity, conducts a cost-benefit analysis of the Waxman-Markey program and finds, counter to objections, that the bill would have a net benefit of as much as $5.2 trillion. The report included a median projection for net benefits of $1.2 trillion and found that even more stringency could actually be more beneficial. Their estimations also ignore...
Most freshmen arrive in Cambridge with a vague sense that, in the career cartography of a Harvard student, all roads lead through Wall St. A small but extremely happy minority has proven otherwise. The National Basketball Association’s and Major League Baseball’s participation in last Friday’s Career Forum is a reminder that many alternatives to internships with investment banks, hedge funds, and consulting firms do exist. In fact, the students who have explored this option of working for a professional sports league recommend it highly. Senior Tommy Balcetis worked as an intern...
...What kind of subsidies would the government offer to low-income Americans and small businesses to help them buy insurance? Starting in 2013, the Federal Government would offer a refundable tax credit to low- and middle-income individuals and families who purchase certain policies through the state exchanges. The credit would be available to individuals and families who earn up to 300% of the federal poverty level, which for a family of four would be about $66,000 in 2009. It would be provided on a sliding scale, with the level of credit "based on the percentage of income...
Swine flu strikes again! This time, it's the Harvard field hockey team that's suffering. Already shorthanded due to a small roster and injuries, the Crimson has lost several players to the dreaded virus over the past week...