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These changes, alongside a $619 increase in the maximum Pell Grant and a reduction in the interest rate on new federal loans, arrive at a moment of seemingly runaway college costs on one end and a dismal economic outlook on the other. The Obama Administration is trying to lessen the pressure on aspiring students in ways both big and small. Last week, Secretary of Education Arne Duncan announced a plan to simplify the Free Application for Student Aid (FAFSA) - the form to apply for federal dollars - cutting at least 20% of the questions and making it easier to fill...

Author: /time Magazine | Title: New College-Loan Plan: Pay Back By What You Earn | 7/2/2009 | See Source »

...Social Democrats are licking their wounds after suffering a humiliating election result, with the party's share of the vote sinking to a historic low of just 21%. Frank-Walter Steinmeier, the Foreign Minister and SPD member who's standing against Merkel in the federal election, summed up the dismal mood in his party when he said, "This is a disappointing election result - there's no talking around...

Author: /time Magazine | Title: European Elections: A Blow to Brown, Boost for Merkel | 6/8/2009 | See Source »

Lacroix is not the only fashion house to teeter on the brink. The Antwerp-based designer Veronique Branquinho closed her business last week, blaming the dismal financial situation. Meanwhile, economic pressures are straining relationships inside famous luxury brands. Versace S.p.A. announced on Friday that Giancarlo Di Risio, the house's well-regarded chief executive officer since 2004, will step down. No official reason was given, but sources say that clashes over expenses with Donatella Versace, the creative director and part owner of the brand, were to blame. Another CEO, Kim Winser of the British brand Aquascutum, also resigned last week...

Author: /time Magazine | Title: Fire Sale: Once Towering, the Luxury Market Teeters | 6/7/2009 | See Source »

...good at thinking about the endowment in a long-term context—not just [in] this quarter or this year.”For much of her tenure at Harvard thus far, Mendillo has worked from dawn to dusk to not only salvage whatever returns remain in a dismal financial landscape, but also to take advantage of investment opportunities that may emerge as the storm calms in coming years.With only a month to go until the end of the fiscal year, Mendillo says she is quite certain that the projection of a 30 percent drop in the endowment, originally...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Despite Tough Year, New HMC Chief Remains Optimistic | 6/3/2009 | See Source »

...that literacy efforts are only effective if they connect with students. These games seem to do this and they should therefore be welcomed as a valuable tool for literacy education. We might have liked to see a similar generational medium enthuse math education in America as we lamented the dismal perception of the subject among America’s youth, and hoped that the field might become more popular and valued in our culture. The U.S. has shamefully low standards for math education, but more widespread introduction of fun math extracurricular activities and more rigorous math curriculums might change this...

Author: By The Crimson Staff | Title: From Student Loans to School Uniforms | 6/2/2009 | See Source »

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