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...borrowers) of the $845 billion in home loans it services would qualify for the program. Worse, warns the CBO, nearly one-third of borrowers who qualify for the new plan will end up redefaulting on their mortgages anyway. "The steps we have taken so far don't nearly address the scope of the problem," says Schloemer...
...class that its problems are not its fault. Or that, whoever may be at fault, the problems can be solved if only we can agree on a tax cut. When in the second presidential debate the candidates were asked what "sacrifices" Americans should expect to make in order to address the financial crisis, John McCain promised to "examine every agency and every bureaucracy of government" and "eliminate those that aren't working," though he didn't name any. Barack Obama said "each and every one of us" would have to "start thinking about how we can save energy" and then...
...opus on the meaning of universe would never have found its way to my inbox. For one, math is not her strength. And for two, she might have paused and thought, “Is this really something I want to send out to half of my address book?” I think I speak for all 76 of us when I say that e-mails like those should be sent daily...
Business leaders from around the world lamented economic inequality and the challenge it poses to market capitalism on the second and final day of the Harvard Business School Global Business Summit.Former University President Lawrence H. Summers, in his keynote address, focused on the decline in the United States’s stature as a moral and economic “beacon” over the past several years.“A decade ago, our economy was the envy of the world,” Summers said. “We were on the cutting edge of technological innovation...
...very least, a source of ennui for most students. Sadly, this harmful contempt for math has produced an educational culture that lacks both the enthusiasm and foundational support to produce proficient math students. Given the shortcomings of American math education, a concerted effort must be made to address the dearth of appreciation for math and invert the all too common declarations of “I hate math!” This cultural malaise remains specifically an American problem. According to a study published in the Notices of the American Mathematical Society, the United States is failing to develop...