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...common theme among romantically inclined Facebook users is that there are almost infinite ways for the Facebook relationship status to go awry. There's the significant other who doesn't want to list his or her involvement (causing a rift in the real-world relationship); the accidental change that alerts friends to a nonexistent breakup (causing endless annoyance); but worse than both is when the truth spreads uncontrollably...

Author: /time Magazine | Title: Your Facebook Relationship Status: It's Complicated | 5/8/2009 | See Source »

Being rich during a recession can almost be as bad as being poor. The only difference is that the rich have more to lose. RealtyTrak, a research firm that follows mortgage trends, recently reported that the foreclosure rate on homes valued at more than $729,750, also known as the jumbo-mortgage limit, rose 127% in the first ten weeks of this year compared to the same period a year ago. Bloomberg, reports that "about $500 billion of prime-jumbo mortgages are bundled into bonds, according to Memphis, Tennessee-based FTN Financial." The default rate on those bonds may rise...

Author: /time Magazine | Title: During a Recession, Being Rich Loses Its Luster | 5/8/2009 | See Source »

...financial need would not deter people from coming here.” The Class of 2013 will also be the most racially diverse in College history—with Black students composing 10 percent of the class and Latino students composing 9.5 percent. Yield for Black students was almost 71 percent, up from last year’s 64 percent, and 66 percent for Latino students (the number for last year was unavailable). The first round of waitlist deliberations will run from today until the 19th. Fitzsimmons said that “at least 85 if not more?...

Author: By Jillian K. Kushner, CRIMSON STAFF WRITER | Title: Yield Holds Steady For 2013 | 5/8/2009 | See Source »

...attention, the GOP alternative is not just a p.r. disaster. It's a radical document, making Bush's tax cuts permanent while adding about $3 trillion in new tax cuts skewed toward the rich. It would replace almost all the stimulus - including tax cuts for workers as well as spending on schools, infrastructure and clean energy - with a capital gains-tax holiday for investors. Oh, and it would shrink the budget by replacing Medicare with vouchers, turning Medicaid into block grants, means-testing Social Security and freezing everything else except defense and veterans' spending for five years, putting programs...

Author: /time Magazine | Title: One Year Ago: The Republicans in Distress | 5/7/2009 | See Source »

...corporate lobbyists - promoting tax breaks, subsidies and earmarks for well-wired industries - against ordinary taxpayers as well as basic principles of fiscal restraint. South Carolina Senator Jim DeMint's Republican alternative to the stimulus included tax cuts skewed toward the wealthy; at this point, the GOP's reflexes are almost involuntary...

Author: /time Magazine | Title: One Year Ago: The Republicans in Distress | 5/7/2009 | See Source »

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