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Like in Akerlof’s used-car market, the OCR platform presents employers with two categories of lemons (though others exist)—the disinterested applicant and the opportunitistic one. The former may not initially be interested in the job at all but feigns interest once granted an...
Realigning the selection risk in the manner of residency matching allows firms to recruit the applicants most enthusiastic about working there, removing the adverse selection problem highlighted above. Additionally, the risk-sharing agreement under a reformed system places greater ex-ante responsibility on the applicant to research jobs, as they...
It is 72 pages long and filled with arcane deterrence language, but there's arguably no more important document in the world right now than the Nuclear Posture Review (NPR) that President Obama released on Tuesday. After all, the text spells out how many nuclear weapons the U.S. will continue...
5. Belgium, Italy, Germany and the Netherlands remain de facto nuclear powers Yes, that's right. The mighty Belgian air force is nuclear-armed. Although none of the four countries have their own nuclear weapons, there are an estimated 200 B-61 thermonuclear-gravity bombs scattered across their land. And...
In a less tempestuous political climate, Ken Mandile's story would be a striking one. This year it is strikingly familiar. Mandile, the owner of a Massachusetts small business that manufactures high-precision screw-machine products, never nurtured political ambitions. But in March 2009, upset with the direction of the...