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1. Angry about inequality? Don’t blame the rich (Liebman) Washington Post
2. Summers Says Developing Nations Should Educate Girls: Tom Keene (Summers) Bloomberg
3. Kevin H. White, Mayor Who Led Boston in Busing Crisis, Dies at 82 (White) The New York Times
4. Kennedy School "Founding Mother" Dies at 88 (Stokey) The Harvard Crimson
5. It just ain’t easy being a Kennedy (King) Boston Herald
6. GOP hopes Soering issue is Kaine's Willie Horton (Jarding) Newsleader
7. 401(k)s to Overtake Pensions as Primary Retirement Vehicle in 2012: State Street (Madrian) AdvisorOne
Angry about inequality? Don’t blame the rich
There is no doubt that incomes are unequal in the United States — far more so than in most European nations. This fact is part of the impulse behind the Occupy Wall Street movement, whose members claim to represent the 99 percent of us against the wealthiest 1 percent. It has also sparked a major debate in the Republican presidential race, where former Massachusetts governor Mitt Romney has come under fire for his tax rates and his career as the head of a private-equity firm. …
As Harvard economist Jeffrey Liebman has pointed out, for this system to work there must be careful measures of success and a reasonable chance for investors to make a profit. Massachusetts is ready to try such an effort. It may not be easy for the social impact bond model to work consistently, but it offers one big benefit: Instead of carping about who is rich, we would be trying to help people who are poor.
Summers Says Developing Nations Should Educate Girls: Tom Keene
Developing countries seeking to raise their standards of living should focus on educating girls, former U.S. Treasury Secretary Larry Summers said.
“The most important investment in the developing world” is “educating girls,” Summers said today in a Bloomberg Television interview on “Surveillance Midday” with Tom Keene from Davos, Switzerland.
Empowering women is “smart economics,” the World Bank said in a report released in September. The study, which looks at the progress of gender equality around the world, says it’s in countries’ economic interest to increase women’s opportunities because that in turn raises productivity and improves children’s futures.
Kevin H. White, Mayor Who Led Boston in Busing Crisis, Dies at 82
Kevin H. White, a four-term mayor of Boston who came to national prominence for shepherding the city through years of racial violence and economic stagnation — and for a decadelong federal investigation into corruption in his administration — died Friday night at his home in the Beacon Hill section of Boston. He was 82. …
Kevin Hagan White was born in Boston on Sept. 25, 1929. Both his father, Joseph C. White, and his maternal grandfather, Henry E. Hagan, served as presidents of the Boston City Council; Joseph White was also a Massachusetts state legislator. Kevin White earned a bachelor’s degree from Williams College in 1952; a law degree from Boston College in 1955; and also studied at the Harvard Graduate School of Public Administration, now the John F. Kennedy School of Government.
Kennedy School "Founding Mother" Dies at 88
Edith M. Stokey ’44 had a good memory. When the Harvard Kennedy School needed to compile a personnel database a few years ago, Stokey, though in her mid-80s, was up for the challenge. She mapped out the names and positions of teachers and staff from memory.
Joseph J. McCarthy, former senior associate dean and director of degree programs at the Kennedy School, hung the work on his office door.
“I kept it not only as a reminder to me of what people should be able to do, but also for my students to see that she held all of this in her head,” McCarthy said.
It just ain’t easy being a Kennedy
WASHINGTON, D.C. — The prospect of a Kennedy once again running for Congress has lit up the political pages. But the biggest challenge for Joseph Kennedy III may not be the election. It’ll be the job he would face in Washington should he win….
“Other members of Congress would have very low expectations of a new Kennedy,” said Harvard Kennedy School professor David D. King, who chairs Harvard’s Program for Newly Elected Members of the U.S. Congress. “I’m not sure being a Kennedy helps anymore.”
GOP hopes Soering issue is Kaine's Willie Horton
RICHMOND — As former Virginia Gov. Tim Kane mounts a campaign forthe U.S. Senate, an action he took on the eve of his exit from office is certain to come back to haunt him: his unannounced recommendation to return confessed double-murderer Jens Soering to his German homeland and eventual freedom.
Virginia Republicans this year want Soering to do for Kaine what Willie Horton did for fellow Democrat Michael Dukakis's hapless 1988 presidential bid….
Steve Jarding, who guided electoral triumphs for Democrats Jim Webb and Mark Warner in Virginia before becoming a political science professor at Harvard University's Kennedy School of Government, said using Soering against Kaine is risky for Republicans with an electorate fearful about their jobs, distrustful of both parties, and desperate for something more hopeful than partisan character assassinations.
401(k)s to Overtake Pensions as Primary Retirement Vehicle in 2012: State Street
For the first time, in 2012, more people will be saving for retirement in 401(k)-type plans than in traditional pensions, and that means employees need better guidance from plan sponsors, State Street Global Advisors reported Wednesday….
“Leakage,” or money coming out of the retirement savings system, is one of the greatest threats to retirement savings, yet it often goes unaddressed, said Brigitte Madrian, a public policy and corporate management professor at Harvard University's Kennedy School of Government, who also spoke at the briefing.