Word: directous
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...member of the Song Swappers, she sang backup for Pete Seeger and appeared on Broadway in the short-lived folk musical The Next President. She also earned money babysitting; one of her charges was an infant English aristocrat, the fifth Baron Haden-Guest, who as Christopher Guest would direct and star in the 2003 film A Mighty Wind, an affectionate parody of the folk-boom years...
...According to Economics Professor Ariel Pakes, Melitz “changed a whole field with his thesis” that presented a new model for international trade economics. Economics Department Chair John Y. Campbell said that Melitz’s work has “paid direct attention to the way trade works asymmetrically” and has helped “connect trade theory with applied macroeconomics.” Campbell called Melitz an integral force in the “paradigm shift of the 21st century” in economics. This semester, Melitz is teaching Economics...
...loans to students. In the Federal Family Education Loan (FFEL, pronounced "fell") program, the government pays subsidies to banks and lenders to dole out money to borrowers and reimburses companies up to 97% of the cost of any loan that is not paid back. The second way is the direct-loan program, created in 1993 as an alternate option, in which the government cuts out the middle man, lends money directly and gets all the profits. If the Student Aid and Fiscal Responsibility Act (SAFRA) passes both houses of Congress, the approximately 4,500 colleges and universities that are currently...
...health-care debate would seem to help critics of the student-loan plan, who have no qualms about trying to link the two. "One of the points we're making is that the parallels to the health-care debate are really eerie," says Marrero. "The direct-loan program was created as a public option 16 years ago. It was touted as a form of competition that would encourage innovation and keep the industry honest. Sound familiar?" But rather than fuel significant opposition to the student-loan plan, the health-care firestorm has overshadowed it, making it harder for opponents...
...loan industry estimates that up to 35,000 jobs might be lost by the transfer from FFEL to direct-loan. Members of Congress who represent states that employ a large portion of the industry workforce, like moderate Democratic Senator Ben Nelson of Nebraska, have opposed the measure for that reason. But the Department of Education (which would run the new and expanded program) maintains that because Sallie Mae and several other companies would be kept on as contractors to "service" the loans - performing administrative tasks such as answering student inquiries and collecting payments - the total amount of jobs lost will...