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...years of speculative excess. That's because Midwesterners owe more on their properties than left coasters. The average loan-to-value ratio in California is 70%, while Nebraska and Iowa clock in at 75% and 76%, respectively. As the recession deepens and home prices continue to slide, there are fewer and fewer places to hide...
Smith College's career office sent its jittery job-hunting seniors a letter last month with a reassuring message: "There ARE jobs, and you can find employment." Unfortunately, there are far fewer jobs than anticipated, according to a report out today from the National Association for Colleges and Employers (NACE). The companies surveyed for the group's spring update are planning to hire 22% fewer grads from the class of 2009 than they hired from the class of 2008, a big letdown from the group's projections in October that hiring would hold steady. Some 44% of companies...
...There are both practical and philosophical problems with a modern Harkness. Practically, there are fewer tycoons on the scale of Harkness today—and far more legal implications to their donations. Even the $100 million that David Rockefeller donated to Harvard last April—the largest ever single donation by an alumnus—pales in comparison to Harkness’s munificent $155 million. Nevertheless, with Harvard’s centuries of experience fundraising, its numerous wealthy alumni, and its thriving Committee on University Resources such a donation seems, at least, possible...
...Death With Dignity" law on the books since 1997 that allows terminally ill patients to commit suicide with lethal doses of prescribed medication. In 2007, some 46 people committed suicide in Oregon under the law. Last November Washington voters passed a similar provision that allows patients with six or fewer months to live to self-administer lethal doses of medication. Washington's former governor, Parkinson's sufferer Booth Gardner, stumped for the law, while opponents included Martin Sheen, who starred in television commercials urging voters to shoot down the initiative...
...upon his election, Colombian President Alvaro Uribe made it a priority to secure Cartagena's walls. Emulating London, Uribe installed a 137-camera surveillance system that covers all of the Old Town and tourist areas. Murders dropped from 66 in 2002 to just 23 last year, 10 fewer than in my hometown of Washington. Uribe then lobbied Washington to declare the city safe for U.S. travel, a designation that opened the floodgates to cruise ships. In the past five years, foreign visitors to Colombia have more than doubled, from 1 million to 2.6 million a year. From...