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...1960s were by most measures the best decade ever for growth and widening prosperity in the U.S.; the past decade has been a bust. Yet the financial sector was relatively tiny in the 1960s and huge in the 2000s. Could this mean that good times for finance are bad for the rest of us? Philippon says it isn't that simple. The 1990s, for example, were good for both Wall Street and Main Street. His theory, which fits the historical evidence well, is that the financial sector's share of the economy should increase when there are fast-growing companies...
...former governor of Pakistan's North-West Frontier Province, "is a requirement, but not a solution - a first field dressing to a battle wound." The solution, as is usually the case in regions that breed insurgencies - and not just in Pakistan - is better governance. No sign of that yet...
...strong opposition from doctors and hospitals, who complain they are already underpaid by Medicare, as well as from insurance companies, who say they would not be able to compete. So while this version of the public option is House Speaker Nancy Pelosi's preferred one, she acknowledges she has yet to garner enough votes to pass it in the House...
...state-controlled companies that trade there) has appeared skeptical. Putin said any decision on sanctions would be made not by Medvedev alone but by Russia's Security Council, which also includes himself, his Cabinet subordinates and parliamentary leaders loyal to the Prime Minister. Administration officials deny taking sides. Yet on the eve of his July summit in Moscow, Obama praised Medvedev and referred to Putin as having "one foot in the old ways of doing business." He later praised Putin too, but his Administration has done little to build bridges with the Prime Minister, who remains a crucial national decision...
...Yet, 20 years later, the division in Europe that seemed as if it could be broken down as easily as the wall persists. Although it has moved hundreds of miles eastward, the geographic line between members and non-members of the North Atlantic Treaty Organization is as divisive as it was when the organization was first formed in 1949. Beyond where NATO’s membership ends in Eastern Europe, a resurgent Russia now tries to assert its influence, with little interference from Western powers...