Word: trend
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Vikram Akula, for one, thinks money-making and good works can be mutually beneficial. Akula runs SKS Microfinance, India's largest microfinancier, which is at the forefront of the new-money trend. Last year SKS sold an $11.5 million stake to the private-equity shop Sequoia Capital in a first-of-its-kind deal. Talk of a projected 23% return on equity snapped many financiers to attention...
Recent history says that when a financial trend gets popular, it gets riskier too. Think subprime mortgages. That may or may not be the case with big banks and microfinance. What is clear is that this pair won't be parting ways anytime soon...
...Even though average economic well-being has increased considerably over time, the degree of inequality in economic outcomes over the past three decades has increased as well. Economists continue to grapple with the reasons for this trend. But as best we can tell, the increase in inequality probably is due to a number of factors, notably including technological change that seems to have favored higher-skilled workers more than lower-skilled ones. In addition, some economists point to increased international trade and the declining role of labor unions as other, probably lesser contributing factors...
...More strikingly, Hillary Clinton’s comeback candidacy—from an Iowa defeat to a New Hampshire triumph—has deterred a dangerous trend in media reporting, in which commentators frequently injected prognostications into coverage. After Iowa, the media cognoscenti began writing obituaries for her candidacy. Colorful commentators such as Chris Matthews effectively anointed Senator Obama the nominee, prompting his NBC colleague Tom Brokaw to accuse the media of “stampeding” the electoral process. Yet Senator Clinton’s perseverance turned such commentary on its head, prompting many reporters to deemphasize polling...
...making from $120,000 to $180,000 would pay only 10 percent of their income to send a child to college. This program will benefit students as well as the university as a whole, allowing it to recruit and admit students that would be otherwise unable to attend. The trend toward expansion of financial aid was also seen in initiatives at Harvard Law School, Harvard Medical School, and the Harvard Graduate School of Design, which all expanded their financial aid programs. These decisions reflect a University-wide commitment to the principles of accessible education at every level and make Harvard...