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...portion of the $26 billion shortfall with a tax increase. Tuition has more than doubled at the University of California in the past decade, rising to more than $8,700 for in-state students in fall 2009. Many of the budget cuts being negotiated behind closed doors will primarily affect the poor and the working class - including health coverage for the poor and the CalWORKs welfare-to-work program. But the severe funding reductions to public schools and to the university system - affecting not only the University of California, but also the 23-campus Cal State University system...

Author: /time Magazine | Title: California's Crisis Hits Its Prized Universities | 7/18/2009 | See Source »

...does the fact that Michelle practiced law affect her style? Well, her style has evolved ... Michelle very much in the beginning dressed like a corporate executive. Kind of big, boxy suits and turtlenecks, and her hair was in a flip. I think she used to dress in a much, much more conservative manner, and I feel that as the campaign progressed, she found herself and she expressed herself much more. She started incorporating color and wearing separates and really taking risks with the way she dressed...

Author: /time Magazine | Title: Michelle Obama's Fashion Statement | 7/16/2009 | See Source »

...Indeed, analysts who follow a number of different industries rushed out reports about how CIT would affect the companies they watch. The biggest areas of concern were for the insurers that hold a large amount of CIT debt and retailers, which rely heavily on the type of short-term lending that CIT provides. The consensus was that CIT's failure alone was not likely to bring down any other firm...

Author: /time Magazine | Title: In CIT Woes, Some See Restart of Financial Crisis | 7/16/2009 | See Source »

...that kind of instinct. But it's a desire that will be indulged by fewer of us in the future. The deterioration of the exurbs will be a gradual process - one that takes decades - but it will happen. Housing values in these places will decline and it will certainly affect people. But it won't be any different than, say, the kinds of erasures of equity we saw over decades in places such as Detroit. The difference this time, of course, being that the Detroits of the world will benefit, as will our health, our environment and general quality...

Author: /time Magazine | Title: How the Coming Rise in Gas Prices Will Change the World | 7/15/2009 | See Source »

...begin consuming more locally, how much will the changes in American tastes and habits affect the rest of the world? By that time, China will boast - it already boasts - a vibrant consuming economy of its own, one that will demand more and more of China's own goods. So will this be the ruin of China? Certainly not, but its growth will slow. And bringing more production to the U.S. can only help our own economy, lending it stability, bolstering the dollar and weaning down our debt...

Author: /time Magazine | Title: How the Coming Rise in Gas Prices Will Change the World | 7/15/2009 | See Source »

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