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...April 14 news article "College Leads U.S. In Producing Economics Ph.D.s" incorrectly stated that Wendy A. Stock was a professor at Vanderbilt. In fact, she is a professor at Montana State...

Author: By Marc G. Steinberg, CONTRIBUTING WRITER | Title: College Leads U.S. In Producing Economics Ph.D.s | 4/14/2009 | See Source »

Though Siegfried agreed that writing a senior thesis contributed to higher levels of future Ph.D. students, he cited that fact as the main reason for why liberal arts colleges led the rankings when it came to overall percentage of eventual Ph.D.s...

Author: By Marc G. Steinberg, CONTRIBUTING WRITER | Title: College Leads U.S. In Producing Economics Ph.D.s | 4/14/2009 | See Source »

...Waste” is, in fact, most often generated by Congress. There are many ways in which this can occur, but one of the most common, which these cuts contain in spades, is that of wasting sunk research and development costs. For example, suppose $50 billion are spent over 10 years to develop the technology necessary to produce a new airplane. When the plane is finally ready to be built, a recession hits and Congress decides to cancel the plane after only 10 are built. Even though the marginal cost of each aircraft might be only $70 million, these planes...

Author: By Daniel A. Handlin | Title: Planning for Defeat | 4/14/2009 | See Source »

...Command (Africom), set up 18 months ago to help provide security to permit the rebuilding of shattered nations like Somalia. But don't look for quick action. "We do not have a military presence in Somalia," the command's chief, Army General William Ward, told Congress last month. In fact, the military is in no rush to head back to that lawless nation in the Horn of Africa. President Clinton's Pentagon was first bloodied there when 18 soldiers died in a 1993 firefight memorialized in Black Hawk Down. As a reminder of the volatile environment, local insurgents on Monday...

Author: /time Magazine | Title: Washington Wrestles with the Pirate Problem — on Land | 4/14/2009 | See Source »

...Even if the Pentagon had the stomach for this kind of fight, the confused command structure for the region would make it hard to succeed. You might think, after all, that Africom would be front and center in battling the piracy now rampant off Somalia's coast. But in fact Africom deals only with African territory, and not the seas surrounding it. Those are monitored by U.S. Central Command, also responsible for the wars in Afghanistan and Iraq. This disconnect - Centcom if by sea, Africom if by land - highlights the challenge facing the Pentagon as it tries to grapple with...

Author: /time Magazine | Title: Washington Wrestles with the Pirate Problem — on Land | 4/14/2009 | See Source »

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