Word: dollarized
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...Shuttle Successor Orion set to blast off by 2014 NASA has awarded Lockheed a multibillion-dollar contract to build the next manned space vehicle. Orion's design is winning praise, but skeptics wonder if future Administrations will fund...
Real estate agent Diane Ragan flips through some property listings online and finds some bargains not far from Old Metairie, a suburb west of New Orleans with million-dollar Mission Revival and English Tudor mansions. She points out a three-bedroom "cottage" with an asking price of $137,000 - down about a third from pre-storm prices. Even though the house took on nearly five feet of water after Katrina, she figures a young couple, professionals most likely, will grab it as a fixer-upper - or demolish it and build the home of their dreams...
...Ragan, a multimillion-dollar producer for Keller Williams Realty pre-Katrina, expects redevelopment to be spotty at best. In Jefferson Parish, just west of the city, most of the houses, which took a couple feet of water, are already sold or renovated. Sales are up from last year, about 13% in July, by comparison with New Orleans itself, where sales are lagging behind last year - though only by 10%, surprisingly. In the middle-class bastions of Lakeview and New Orleans, houses "stripped to the studs" are going for land value only. "The older generation who had homes for 40 years...
Final Clubs: 1. Eight endowed all-male clubs, housed in their own multi-million dollar mansions. 2. The center of some students’ social lives (mostly female first-years’), they are viewed disapprovingly by College administrators and women’s groups alike. 3. Bastions of socioeconomic elitism. 4. Generally overrated...
...from the food to the student-teacher ratio to rates of acceptance into grad school. And then there are the unquantifiable assets. At Davidson, townspeople and professors bake cakes for the winners of the freshman cake race and students boast that scattered around the campus are dollar bills held down by rocks, tangible evidence of an honor code so entrenched that if a dollar falls on campus soil, it stays there until the owner claims it. Kenyon in Ohio includes a paragraph in its acceptance letter that is entirely personal to the particular student: good job on the essay, nice...