Word: highers
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Although Michigan defeated the Crimson, Harvard’s last two games have been against solid, non-conference opponents. The physicality, athleticism, and game tempo that the Crimson has seen in its string of non-conference games have forced the team to play at a higher level...
Rising prices are always good news, though, for real estate agents, mortgage lenders and homebuilders. The higher prices go, the bigger their cut of the action. These groups are powers in Washington. The National Association of Realtors gave more money than any other group to candidates in the last elections ($4 million), according to the Center for Responsive Politics, and its 1.1 million members can do a lot of lobbying. Hence the subsidies for homeownership that never go away. In 1961 departing President Dwight Eisenhower warned of "the acquisition of unwarranted influence" by what he dubbed the military-industrial complex...
...raise tuition in order to pay more lay teachers. Meanwhile, increasingly middle-class Irish and Italian families started moving to the suburbs, leaving urban Catholic schools to cater to a majority of lower-income blacks and Hispanics. Less money coming into the church has led to even higher tuition, fewer students who can afford to attend the schools and the potential for even more closures. (Watch an audio slide show about a cloister of young nuns in New Jersey...
...jobless rate at 9.8% and still rising, the U.S. Federal Reserve cannot risk a rate increase anytime soon, despite the danger of inflation. Raising rates would add to the burden on U.S. businesses, particularly small- and medium-size enterprises that account for the majority of U.S. jobs. Higher rates would also make mortgages, credit-card debt and other forms of personal financing more expensive, further crimping consumer spending, which accounts for the bulk...
...inability of the Fed to raise rates along with the rest of the world is more bad news for the flagging dollar, and investors everywhere should pay attention. It now makes more sense to get out of the greenback and park money in higher-yielding currencies, since foreign-currency deposits will earn more in interest and could make additional foreign-exchange gains. Interest rates in Australia last week were raised a quarter point to 3.25%, and could go higher still. The unemployment rate Down Under recently fell to 5.7%, leading economists to expect another rate rise on Nov. 3. Meanwhile...