Word: socialism
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There are several reasons to worry about the high long-term unemployment numbers. On the individual level, the longer you stay unemployed, the more unemployable you become. People lose job skills, social skills and the will to search for a job as they spend time out of work. Unemployment affects individuals' sense of well being, producing higher rates of depression and lower levels of life satisfaction. Studies have shown mixed results as to the effect of unemployment on health. On average all job losers tend to face a permanent reduction in their salary, and that is even more common...
Long-term unemployment is also dangerous for the economy as a whole. One quarter of the long-term unemployed permanently leave the workforce, a recent study by the Congressional Budget Office found, producing increased loss of output in the economy. Long-term unemployment burdens social services, diminishes spending levels in the economy and drains overall savings. It can also affect unemployment among young, first-time job-seekers. "Long-term unemployment is debilitating for people trying to find jobs in the first place," says Professor James K. Galbraith of the University of Texas at Austin. The more long term unemployed there...
...school age, Mom felt powerless to control the problem. "She'd go to school and eat her lunch and everyone else's," Cohn says. "I went to the pediatrician and said, 'I feel like I'm watching my daughter drown.'" Molly was nevertheless physically active and had no social problems with other kids. But by age 10 - at 4 ft. 11 in. and 134 lb. - she was already heavier than her mother and clinically obese...
...Marquette’s words, Lamont is a "social nexus," and the Mather gorilla is "not unusual at all." But her high school charges are more likely to remember a different aspect of their visit: The alum who kindly lets them know, for good measure, that they probably won't get in. Nothing like a little encouragement. More on Scarlet and "Harvard hotties" after the jump...
FlyBy wishes all prospective applicants the best of luck—including these elite New York prepsters. See you over Prefrosh weekend, where you’ll have another chance to explore Harvard’s wild-and-crazy social scene...