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...Senate is considering a bill to grant 400,000 work visas annually for low-skilled immigrants in addition to the 140,000 visas currently available to foreign workers (including highly skilled ones). That's like adding a city the size of Atlanta each year. But it's a small fraction of the U.S. workforce of 139 million. "No credible estimate exists that [shows] immigrants cause unemployment," says James Smith, a senior economist at the Rand Corp. On the other hand, immigrants at least cause displacement by taking low-paying jobs from some Americans...

Author: /time Magazine | Title: What It Means for Your Wallet | 4/5/2006 | See Source »

...Keys to the Castle,’ an examination of admissions practices at Harvard College, is a series funded by the Christopher J. Georges Fellowship, an annual grant awarded to journalists on the staff of The Crimson. The fellowship supports investigative projects that exemplify Chris Georges’ commitment to in-depth reporting on issues of enduring social value and the human impact of public policy. The fellowship is administered by the Nieman Foundation for Journalism at Harvard...

Author: By Stephen M. Marks, CRIMSON STAFF WRITER | Title: Byerly’s Eye On the Yard | 4/5/2006 | See Source »

...Higher Education Act renewed by the House of Representatives on Thursday contained provisions that give the federal government excessive influence over colleges. But supporters of the act said that it will rein in tuition hikes and make college more affordable. The legislation would increase the maximum individual Pell Grant by $200 to $6,000. It also looks to expand federal oversight of colleges by monitoring tuition hikes. Rep. Howard P. “Buck” McKeon, R-Calif., the chairman of the House Committee on Education and the Workforce, said in a statement that “consistent increases...

Author: By Lois E. Beckett, CRIMSON STAFF WRITER | Title: Universities Blast House Ed Bill | 4/4/2006 | See Source »

...middle-income group”—that is, students whose families earn between $110,000 and $200,000 a year. Although the new initiative does not cover those families, Donahue said that many families in that income bracket will see their need-based grant increase next year. According to Fitzsimmons, close to 1,200 families of the students admitted to the Class of 2010 earn $100,000 a year, and 448 of those families have annual incomes over $150,000. Harvard’s financial aid budget for the 2006-07 academic year is projected to exceed...

Author: By Daniel J. T. Schuker, CRIMSON STAFF WRITER | Title: Harvard Ups Financial Aid | 4/3/2006 | See Source »

...focus of the international financial architecture move towards the challenge of deploying their large reserves as effectively as possible,” Summers said.The international fund investing developing nations’ capital reserves could charge a management fee, which could in turn be devoted to debt relief or grant assistance, the president proposed.SUMMERS ON TOURThe president’s academic lecture on international economics was just one stop on his week-long trip to India, filled with speeches and meetings intended to strengthen Harvard’s ties to the country.At a conference held by the Federation of Indian Chambers...

Author: By Nicholas M. Ciarelli, CRIMSON STAFF WRITER | Title: Summers Calls for International Fund | 4/3/2006 | See Source »

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