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...Gone will be the subsidies, and gone will be the FFEL program. As of July 1, all new student loans will go through the Direct Loan program. The savings - an estimated $61 billion over 10 years - will be used to shore up and increase the need-based Pell Grant program by $36 billion and invest in community colleges. While the Administration has reason enough to crow about the proposed measures, it has had to scale back some of its bigger plans. An earlier version of the bill would have invested an additional $20 billion and offered even more substantial financial...

Author: /time Magazine | Title: Student Loans Get a Government Takeover | 4/5/2010 | See Source »

A123 Systems is a window on how the government's multibillion-dollar electric-vehicle gambit is working. The company was founded at MIT in 2001 with a $100,000 Department of Energy grant. One of its early products was lithium-ion batteries for power-tool maker Black & Decker. Last year, A123 Systems got a $249 million federal grant to open at least three lithium-ion-battery plants in Michigan that will employ hundreds of workers. Michigan is home to or close to many of the plants where electric vehicles are being made, of course, and the state has a surplus...

Author: /time Magazine | Title: Why Start-Ups Are Charging Into Lithium | 4/5/2010 | See Source »

...addition to the healthcare bill—enables students to receive loans directly from the federal government. This will cut out the middleman, providing a savings of $61 billion over 10 years and vastly improving student life. These provisions will allocate more resources to students eligible for Pell Grant scholarships and to universities nationwide. In short, higher education has become more accessible and more affordable for millions of Americans...

Author: By Jason Q. Berkenfeld, Lindsay M. Garber, and Lange P. Luntao | Title: Hope and Change, Delivered | 4/5/2010 | See Source »

Something in Forsythe's uncomplicated manliness appealed to Alfred Hitchcock; maybe Hitch saw him as a domesticated Cary Grant, or Jimmy Stewart with better posture. He cast the young man as the lead in the grindingly whimsical 1955 comedy The Trouble With Harry. Playing a bohemian painter, when that occupation could seem a gentleman's calling, Forsythe is surrounded by a trio of Vermont eccentrics, all of whom believe they may have killed Harry. Forsythe, naturally, is the cave of common sense they retreat to for sage advice ("You're not supposed to bury bodies whenever you find them...

Author: /time Magazine | Title: Charlie's an Angel Now: John Forsythe Dies at 92 | 4/3/2010 | See Source »

...Grant, though, is convinced there's a connection. The question now, she says, is whether seismologists can do anything with her research to try to predict the next big one. "A lot of people are asking, 'Can we use them as a kind of monitoring tool, keep one at home and watch to see if they run away?' " says Grant. "That's obviously not going to work." But she's hoping something might...

Author: /time Magazine | Title: Can Toads Predict Earthquakes? | 4/1/2010 | See Source »

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