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...world. Their bread crusts and beret counterparts–that is, the unsigned musicians and freelance visual artists–should be less affected by the crisis, given their relative removal from financial systems. To boot, rents are plummeting in major cities across the country, as is the cost of living. This is something to be excited about.Yes, you read correctly. While it’s a truism to say that the best art has always been created in poorer times, the real gift that all artists today have been given is the opportunity, freer than before from market-driven...
During the banking crisis of 1992, Sweden forced its banks to write down all of its toxic assets, took an equity stake in a handful of the largest banks at the cost of their shareholders, and eventually resold the healthy assets on the public market. Since the government held the reckless banks and their shareholders accountable, some officials say that, after the banks were reprivatized, the total cost of the bailout was close to zero...
...make it easier for international graduate students to fund their education, University officials announced Friday. The recently signed deal with JPMorgan, which had been in the works for over six months to replace a previous arrangement with Citibank, will provide eligible international students with loans up to the total cost of attendance at Harvard’s graduate schools. The announcement did not contain further details for the program, and both JPMorgan and a number of Harvard financial aid officers declined to comment Friday afternoon. International students have historically had difficulty finding suitable loan options, as they are ineligible...
...Holyoke Center—home to many of Harvard’s administrative offices—has taken University cost-cutting recommendations to heart, instituting a series of penny-pinching measures to cut operation expenses...
OLPC was launched three years ago to provide children with “rugged, low-cost, low-power, connected laptops with content and software designed for collaborative, joyful, self-empowered learning.” The machines—called “XOs”—run without electricity and rely on hand cranks for power. Since its beginning, OLPC has distributed about 500,000 XOs in 31 countries. Even better, for $399, a consumer can simultaneously purchase an XO and donate one. OLPC also receives major ad time from worldwide corporations like News Corp, CBS, and Time...