Word: highers
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...desire to keep Japan's budget deficit from spinning out of control. The recession is knocking tax revenues so far below expectations that the deficit will rise to $548 billion this year, an enormous 10% of GDP. Yet, despite Hatoyama's instructions to keep next year's spending no higher than this year's initial budget of $970 billion, the country's ministries have submitted 2010 spending requests totaling $1.04 trillion. (See pictures of how Japan has changed in 20 years...
...concern that could hurt the DPJ's chances of winning a majority in crucial July 2010 elections for the Diet's Upper House to accompany its newly won majority in the Lower House. But come next July, the DPJ would be hurt a lot worse at the polls by higher unemployment than a higher deficit. What Japan needs today is fiscal stimulus that stresses the DPJ program to shift Japan to consumer-led growth. Once the economy truly recovers, that will be time to focus on deficit reduction. If Hatoyama gets the order right, hopes that the DPJ's historic...
...where 47% of adults are functionally illiterate and only 25% of high school freshmen make it to graduation, U of D is the chute through which bright young men can get to college. The school boasts a near perfect graduation rate and sends 99% of its graduates on to higher education. (In 2009 the one student who didn't go to college turned down a scholarship from the University of Michigan to sign a seven-figure contract with the Detroit Tigers.) (See pictures of Detroit's beautiful, horrible decline...
Colombia can only watch in angst and appeal to higher bodies such as the UN Security Council and the Organization of American States because it cannot simply back down to Chavez’s displeasure. The United States’s increasing presence in Colombia could not be the consequence of a more serious issue—contesting and fighting drug cartels, and drugs themselves, at one of their primary sources. Such action will provide a major boost to Colombia’s efforts to combat the forces of the drug cartels and increase the odds of reclaiming territories...
Overall, presidents of major private research universities made a median salary of $627,750, according to a survey released last week by the Chronicle of Higher Education...