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...need all of that slickness and more. Germany is stuck in its worst recession since WWII and exports are plunging. The young politician was elected to the German parliament just seven years ago representing the conservative Christian Social Union (CSU) party, which is aligned with Chancellor Merkel's party. A fluent English speaker, he soon made a name for himself in parliament as a foreign policy and defense expert. But it wasn't until last fall, when the CSU went into meltdown after suffering big losses in the Bavarian state elections that Zu Guttenberg was thrown into the spotlight. Last...

Author: /time Magazine | Title: Should Germany Help Bail Out GM? | 3/14/2009 | See Source »

...With 77% of CSU's operating budget coming from the state, shrinking tax revenue had already left the school in a $200 million ditch at the start of this academic year. Things got worse on Nov. 6 when California Governor Arnold Schwarzenegger announced an additional $66 million cut. Now university officials say they simply don't have enough resources to serve all the students who want in. "It's not fair to students to admit them to a university and not be able to offer classes, sections and student services that they need and academic advising and help that students...

Author: /time Magazine | Title: Under Financial Stress, More Colleges Cap Enrollments | 11/26/2008 | See Source »

...Until now, only six of CSU's campuses had competitive admissions standards over and above the systemwide requirements of a 3.0 high school GPA or high enough scores on the SAT or ACT to compensate for lower grades. Under the new rules, all campuses will still have to admit all eligible freshmen in their immediate vicinity, but many of the schools will up the academic bar for students from farther away. Rejecting paying students might seem counterintuitive in a time of need, but tuition accounts for just 23% of Cal State's funding (even after a 10% hike last year...

Author: /time Magazine | Title: Under Financial Stress, More Colleges Cap Enrollments | 11/26/2008 | See Source »

...With CSU set to stop accepting applications at several campuses on Nov. 30, administrators expect that many students will turn to community colleges with the goal of transferring to Cal State two years down the line. According to a survey released by the American Association of Community Colleges in July, 66% of statewide community-college directors expect that enrollment caps at the state level will boost demand at their institutions. The problem, however, is that community-college directors in 16 states already report that they can't meet the demand from high school grads as is. That means if they...

Author: /time Magazine | Title: Under Financial Stress, More Colleges Cap Enrollments | 11/26/2008 | See Source »

...long CSU's enrollment cap lasts - and whether more universities adopt them - will depend on how quickly the economy recovers. In the meantime, public universities face tough choices. When state schools get hit with major budget shortfalls, "the only question is how the losses are distributed," says Hartle. "Nobody wins...

Author: /time Magazine | Title: Under Financial Stress, More Colleges Cap Enrollments | 11/26/2008 | See Source »

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