Word: grim
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...grim news: 137 lenders have stopped funding federal student loans and 33 have dropped private programs, according to FinAid.org publisher Mark Kantrowitz. Students at community, technical and for-profit schools have been the hardest hit. Federal Stafford loans were up in the second quarter compared with 2007, but loans made to parents through the PLUS program, which looks at credit history, plummeted--down 29% in dollar volume. Since May, the Education Department has spent some $5 billion buying loans in an effort to reignite private lending...
...biggest box-office releases of the year. The strike isn't expected to affect the distribution of films during the holiday, but publicity will be most affected. The worst-hit area looks to be television, with the fate of dozens of serials, reality shows and daily programs looking grim. "We are not happy to call for this noncooperation," Chaturvedi says, "but we are helpless...
...most effective warnings are like the most effective TV ads: easily understood, specific, frequently repeated, personal, accurate and targeted. Paulson and his grim reapers managed only to repeat themselves frequently. They were not easily understood, partly because the problem is so complex. They did not personalize or target their warnings. And, as they themselves admitted, they did not know if their warnings were necessarily accurate, due to the novelty and unpredictability of the crisis...
...McCain, the most troubling sign may come not from the details of the poll, which are grim for Republicans, but from the historical context. No Democrat has crossed the 50% threshold in the general election since before Ronald Reagan was elected, let alone do so a month before the election...
Rogoff took a similarly grim view...