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...such as the early 1990s slump, governments typically ramped up state spending in order to offset the drop in business activity. But this time, the gigantic cost of bank bailouts will leave national treasuries with little room for maneuver. Indeed, the bailout plans - under which stricken banks will receive direct injections of taxpayer money to strengthen their capital base, while governments provide guarantees aimed at getting banks to lend to one another again - may well throw government finances seriously out of kilter...
...Students who are U.S. citizens will be able to find alternative sources of funding more easily, such as the federal government’s direct loan program, said University spokesman John D. Longbrake...
Resistance to open education is not the only instance of the University denying free access to its resources in part, at least, for the sake of revenue. Just take a look at the Ivy League’s Borrow Direct interlibrary loan program in which all the Ivies—except Harvard—take part, despite the fact that Harvard has the fourth largest library collection in the world. Although Harvard does participate in a type of ILL program, it usually slaps charges onto the loans...
...between Moscow and the United States and European Union have been frosty. Though many hawks argue the Western powers were not forceful enough, Russia has paid for its bellicosity with capital flight. According to Finance Minister Alexei Kudrin, the country has lost between $10 and $15 billion of foreign direct investment and its stock market is down close to 50 percent this year. Despite the global financial crisis affecting all markets, a considerable part of such downturns for energy-rich Russia can be attributed to investors’ fear of the Kremlin’s aggressive foreign policy and consequent...
...McCain economic policy proposal, voters largely continue to blame the Republicans for the financial crisis and the gloomy mood of an unstable nation. At the same time, the impact of Obama's massive fund-raising advantage has hit full force, as battleground states are flooded with television ads, direct mail and well-paid armies of local organizers. As Obama's lead has held (and even grown in some polls), pundits and political strategists in both parties have begun to assertively predict an easy Obama win, possibly producing a self-fulfilling wave...