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...funding for superstars with financial need, a practice known as "preferential packaging." The most desirable students--the ones who blew the lid off the SAT, for instance, or those who will be the first in their family to go to college--get a nice surprise in their aid awards: fewer loans, more grants. "Just like an airplane," explains Barmak Nassirian, associate executive director of the American Association of Collegiate Registrars and Admissions Officers (AACRAO). "No two people going from point A to point B paid the same price for the ticket...
...bank listed some of those measures: Russia has raised tariffs on used cars, Argentina imposed new licensing arrangements for imports, China banned Irish pork, India banned Chinese toys. No fewer than 13 countries have granted subsidies to various parts of the automobile industry. And the bank didn't mention the nasty spat that has broken out between the U.S and Mexico; the U.S. has stopped a program that allowed Mexican trucks on American roads, and Mexico has retaliated with tariff increases. Said World Bank president Robert Zoellick: "Leaders must not heed the siren song of protectionist fixes. Economic isolationism...
...explain the immediate cause of the downturn in trade, a different - and potentially more damaging - specter looms: the return of protectionism. In a recent report, the World Bank found that although the G-20 nations pledged themselves to avoid protectionist measures when they met in Washington last November, no fewer than 17 of them have, since then, "implemented measures whose effect is to restrict trade at the expense of other countries...
...west of London. Xtrac sells its lightweight, high-strength components to the majority of teams competing in Formula One, motor racing's blue-ribbon championship. But the road ahead suddenly seems a lot bumpier. With Formula One teams racing to cut costs amid the economic downturn, Xtrac is selling fewer gearbox parts this year. Cushioned by its interests outside Formula One, Xtrac's future is hardly threatened, but, says technical director Adrian Moore, "any reduction in business makes you concerned."(See pictures of the 50th running of the Daytona...
...season. The overhaul, agreed to by the teams in December, is designed to cut costs in the fantastically expensive sport by at least 30%. The drivers and cars that pull away in the opening Grand Prix in Australia on March 29 will have to make do with fewer engines to get them through the season, cope with a lower limit on engine revs and learn how to handle cars that have undergone fewer hours of wind-tunnel testing than last year's. But the new rules won't just show up on the track. For thousands of high-tech suppliers...