Word: lessing
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Most studies of economic inequality look at modern, developed societies, but this research attempts to get at underlying mechanisms by comparing different sorts of less developed ones. Examples span four continents and six centuries and pull from the work of more than two dozen social scientists. Wealth is measured in a variety of ways, from housing quality to hunting returns to social connections provided by in-laws. (See how Americans are spending...
It’s an attitude whose authority may have been shaken by the recent economic downturn, Marglin notes. “Non-economists have much less faith in economists and in mainstream economics than they did two years ago,” he says...
After suffering a 27 percent investment loss in the fiscal year ending June 30, 2009, the University found itself unable to tap many of its most-recently endowed funds, which had fallen in value to less than the amount bequeathed by the donor and are considered “underwater...
...actual increase in endowment spending has yet to be determined, according to Shore, as the University is in the process of formulating a new policy to address spending from underwater funds. But Shore said he expected the new income to be less than the $50 million figure. Excessive spending from a specific endowment fund, especially one that has already fallen below its original value, can erode at its long-term value—a crucial consideration for financial planners at the University, since most endowments are meant to last in perpetuity...
...rides. Board the “Trolley of the Doomed” and be prepared to shiver and shudder as the deepest, darkest secrets of Boston’s earliest disease-ridden days are exposed. Don’t be surprised if New Haven suddenly seems a lot a less frightening...Departs every half hour from 7-9 p.m., all week long. Old Town Trolley stop #1, downtown Boston, $37. Reservations required...