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...earn money to afford higher education in addition to getting real-world experience. From 1970 to 1983, the number of colleges and universities offering the programs increased from 200 to 1,000. Northeastern University launched the first one in the U.S. in 1909, although the practice didn't gain traction until the 1960s. Sure, it took an extra year to earn a B.A., but for three months each school year, students worked for companies they were interested in, tried out careers they weren't sure about and earned money to help cover tuition. Internships, similarly, did not develop until...
...gain some real-world insight into these stats, I called the first smart short person I could think of, a friend named Milton Lee. Despite what these studies indicate, smart short people do exist. Milt, a graduate of the University of Pennsylvania, made a killing as a Wall Street trader in the 1990s, but quit finance to chase his dream of becoming a basketball coach. He has trained many NBA players, including this year's top draft pick, Oklahoma's Blake Griffin, and even landed an assistant coaching gig for the Los Angeles Clippers' summer-league team...
...Moreover, a look beneath its recent earnings report reveals that Citi is still struggling to extricate itself from the credit crisis. All of Citi's profits and then some in the second quarter were the result of a onetime gain on the sale of 50% of the company's Smith Barney brokerage division to Morgan Stanley. Take that out as well as some other onetime events, and CreditSights' Hendler says the company actually lost 70 cents a share, or about 30% more than it did in the same three-month period a year ago. (See the top 10 bankruptcies...
...latest National Interest, Bruce Riedel - who led the Obama Administration's Afghanistan and Pakistan policy review - suggests that a coup led by Islamist, Taliban-sympathetic elements of the Pakistani army remains a real possibility. Pakistan has at least 60 nuclear weapons. The chance that al-Qaeda sympathizers might gain access to those weapons is the real issue in Afghanistan and Pakistan. For the moment, it is far more important than anything happening in Iran...
...Congressional Budget Office predicts that the House proposal would add 11 million to the Medicaid rolls, accounting for about a third of the estimated 40 million uninsured Americans who would gain health insurance under the proposal. But there are real questions as to whether the program could handle the strain of that many new clients. Already, it is difficult in some areas to find health-care providers who are willing to accept Medicaid patients. Governors warn that unless they increase the amount that Medicaid reimburses doctors and hospitals - and, with it, the cost of the program - the supply of providers...