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Over the past decade, though, reality took a detour from Philippon's theory. Corporate America's need for outside financing fell, but the financial sector refused to shrink; it pumped out ever riskier products until the system nearly collapsed. Why the refusal? Maybe the pay was too good. Philippon and the University of Virginia's Ariell Reshef have found that, starting in the mid-1980s, financial-sector paychecks began to outstrip those for jobs in other sectors demanding similar skills and education levels. Since the late 1990s, Philippon and Reshef estimate, 30% to 50% of financial-sector pay has amounted...

Author: /time Magazine | Title: Are Bankers Worth Their Big Paychecks? | 11/9/2009 | See Source »

ABOLHASSAN ASTANEH-ASL, a civil-engineering professor, after a rod installed during emergency repairs to the San Francisco--Oakland Bay Bridge snapped and fell, forcing the bridge to be closed indefinitely...

Author: /time Magazine | Title: Verbatim | 11/9/2009 | See Source »

Ever wish there was a way to get a workout, eat less, save water, and cut through the pre-Ec 10 tray return lines in Annenberg all in one fell swoop...

Author: By Julie R. Barzilay | Title: BREAKING NEWS: Freshmen Discover Trayless Initiatives | 11/7/2009 | See Source »

...Getting the hang of it, timing is everything,” over a generic, messy background of drums and guitar. Casablancas holds to the false impression on “Phrazes” that a fast tempo alone always conveys a sense of urgency or energy. He fell victim to similar problems on his later Strokes songwriting—think “Juicebox”—and has failed to correct such issues. “Brakelights” does not offer any compelling musical ideas with the exception of a breakdown with computer-generated blips reminiscent...

Author: By Zachary N. Bernstein, CONTRIBUTING WRITER | Title: Julian Casblancas | 11/6/2009 | See Source »

...Soon after Munley fired at Hasan, taking him down, she fell, wounded, and police radios quickly sent out an "Officer down" call. Wounded three times in the arm and leg, Munley is in stable condition after undergoing surgery on Friday to repair damage to an artery. Base officials said she wished she could have acted even faster and saved more lives and that she spent Thursday evening calling friends and colleagues, expressing those regrets...

Author: /time Magazine | Title: Fort Hood Hero: Who Is Kimberly Munley? | 11/6/2009 | See Source »

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