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...Direct Loan program is an example of affirmative government at its best, the FFEL is an altogether different beast. Under FFEL the federal government subsidizes banks and other private companies to serve as intermediary actors, ensuring that they receive a baseline interest rate return and covering all default risks. Companies that get in on this sweet deal make out like bandits. Sallie Mae, the biggest player in this racket, is the second most profitable company in the Fortune 500, earning a pretty 36.9 percent return on revenues...

Author: By Sasha Post, THE PROGRESSIVE | Title: Miseducation | 12/1/2004 | See Source »

...your currency. Which is why you might expect American self-esteem to be in decline, for the dollar has fallen 24% against the euro since the beginning of 2003, touching a record low last week, and 15% against the Japanese yen. But the U.S. economy being a strange beast, few Americans have felt any impact from the dollar's fall...

Author: /time Magazine | Title: Global Agenda: The Meaning of a Dropping Dollar | 11/29/2004 | See Source »

...instant, utter and mutual eradication of their year-long tryst. "Thank you for your honesty," he tells her. "Now fuck off and die." It's the loser's victory, which he must extend by ruining Dan's life when he returns to Alice. "The brutal part of the beast," Owen told TIME's Desa Philadelphia, "is the fact that not only has Larry got to get the girl, he's also got to make sure he fucks Dan completely over as well...

Author: /time Magazine | Title: Whatever Happened to Movie Sex? | 11/24/2004 | See Source »

...niche audiences. That all changed in 1998 with Ichise's stylishly creepy Ringu, which Hollywood remade as The Ring. Ringu earned nearly $20 million, the sequel took in double that, and the Hollywood remake grossed $230 million. Viewers found themselves face to face with a new Asian beast: scare flicks that kept them suspended in fear, instead of grossed out by gore. As a result, says Danny Pang, co-director of the Hong Kong horror blockbuster The Eye, "People realized that horror movies don't have to be B movies. They've finally broken into the mainstream...

Author: /time Magazine | Title: Selling Screams | 11/22/2004 | See Source »

...piloted by Sergeant First Class James Cantrell shuddered and filled with dust as it ran over a roadside bomb. The blast was so powerful it was at first mistaken for a bomb dropped by one of the many warplanes screeching overhead. "Goddam," said Fitts, locked down inside the mechanical beast, his shotgun nestled under his chin...

Author: /time Magazine | Title: Into the Hot Zone | 11/22/2004 | See Source »

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