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...report from the Trustees blames the economy for the fact that the Medicare's Hospital Insurance Trust Fund will have exhausted its reserves in 2017 and that the Social Security trust fund will be in the same position in 2037. The report for the two funds makes an attempt to project income and expenses for the funds from 2009 to 2018. While it is improbable that the numbers are correct, a forecast that makes a prediction for a period of a decade could be, if well argued, plausible. But, to accept the results of the report, anyone looking...

Author: /time Magazine | Title: The Great Social Security and Medicare Panic | 5/13/2009 | See Source »

...interview Monday, Smith said the cuts constitute the first step in a two-part plan to make up the budgetary shortfall. The second stage—branded “reshaping” by Smith—will attempt to close the remaining $143 million gap over the next two years by overhauling the structure of FAS, though professors say they continue to be confused by what the concept means...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: First Round of Cuts Sweeps Harvard's Largest School | 5/13/2009 | See Source »

After a deafening roar shook Louisville in mid-April, the basketball-crazy burg is back to a low hum. The big noise arose when University of Louisville coach Rick Pitino released a statement that alleged he was the subject of an extortion attempt. It persisted for nearly a week, until Karen Sypher was charged in federal court with extortion and lying to the FBI. She was indicted...

Author: /time Magazine | Title: The Talk of Louisville: Extorting Rick Pitino | 5/13/2009 | See Source »

...original version of the story said the Sagebrush Rebellion was an attempt to prevent a Federal takeover of public land. It was, rather, a movement to force the federal government to give up existing control of public land to state and local government...

Author: /time Magazine | Title: States' Gun Rights: The Next Constitutional Battlefield | 5/12/2009 | See Source »

...weeks after the event and saw firsthand the suffering of its victims and particularly of those who had lost children. He began to write extensively about the issue on his blog - already one of the country's most popular - and soon found readers volunteering to help him in an attempt to record the exact number of students who had been killed. It's a project Ai says he will continue until "we find the last name, or I am dead." The way things are going, it's most likely to be the latter. Even if Ai does finally feel satisfied...

Author: /time Magazine | Title: A Year After Sichuan Quake, Citizens Press for Answers | 5/12/2009 | See Source »

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