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There are many distinctions between the old Party Fund system and the new SIP grants. Whereas money from the Party Fund could be used for private suite parties, SIP Fund events must take place in House common spaces. This makes them easier to monitor and also opens them to all the students in the neighborhood in which the event is taking place. Encouraging students to host social events in already existing common spaces like grilles or JCRs will make the most of the present options while the College looks at how to expand common spaces...
...finding it easier to make campaign promises than to keep them. Less than two months after taking over, Hatoyama's administration is being forced into a difficult balancing act between the need to prevent a double-dip recession and the desire to keep Japan's budget deficit from spinning out of control. The recession is knocking tax revenues so far below expectations that the deficit will rise to $548 billion this year, an enormous 10% of GDP. Yet, despite Hatoyama's instructions to keep next year's spending no higher than this year's initial budget of $970 billion...
...decades, then began to grow again in the 1970s, reaching unprecedented levels earlier this decade. The measure Philippon uses is the economic value added of the financial sector as a percentage of GDP, which was at about 4% in the 1960s and hit almost 8% in 2006. An easier-to-understand metric - financial-sector profits as a share of overall corporate profits - followed an even more dramatic trajectory, from 12% in the mid-1960s to almost...
...southwestern edge of the Arabian Peninsula. Saleh, 67, who has ruled for 31 years, faces not only northern rebels but hostile groups in the south who have fought violent battles for autonomy and extremists who are tied to al-Qaeda. As Yemen's security crumbles, militants find it easier to operate, according to the risk consultancy Eurasia Group in a research note on Nov. 5. "The Yemen-based al-Qaeda in the Arabian Peninsula is establishing more sophisticated infrastructure in Yemen," the report said. "A collapse or severe weakening of the Yemeni state would likely send millions of refugees into...
...particularly deep recession. The speedy turnaround in corporate profits, which are expected to soar 60% in the fourth quarter, is raising the value of the tax credits because they can be quickly cashed in. What's more, Congress is close to passing a bill that would make it even easier than usual for companies to turn recent losses into immediate cash...