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...Take the unemployment rate: the adverse scenario of the stress test is based on an average unemployment rate of 10.3% for 2009. However, at the current pace unemployment is more likely to hit the 11% mark. On a quarterly basis, the rate of unemployment is already well beyond the levels assumed by the adverse scenario for the end of the first quarter of 2009. Similar considerations apply to U.S. real GDP and home prices. (Read about the top 10 bankruptcies...
...energy bill, Congress ruled that to be eligible for support, corn ethanol has to emit 20% less climate pollution than gasoline. If you include the indirect land-use effects of ethanol - the increase in deforestation caused by using land to grow fuel - it's unlikely to hit that target. On May 5, the Environmental Protection Agency (EPA) released a proposed rule that would take into account indirect land-use effects when judging just how green corn ethanol is. Unless the rule is changed - the powerful corn lobby will be working hard to make that happen - corn ethanol might not meet...
Besides the expert copy-editing at the Chicago Maroon, things aren't looking too good at UChicago. Each of the three divisions have taken a 25% budget cut, which has hit the smaller humanities departments especially hard, since the sciences already enjoy substantial outside funding. Their Slavic department is dying, with at most one graduate student matriculating next year. Ultimately the choice for the humanities division came down to hiring new faculty or accepting more graduate students--and they decided to focus on the former, reducing the size of their incoming graduate school class...
...after hiking up Mount Lafayette through thick snow in January, she and her friends decided to sled down the peak. “We just sled down the entire thing,” she reminisces. “It was like a roller coaster, but so much better. I hit a couple trees, but I did it!”For those who aren’t naturally lured to the Outing Club by an innate love of nature, the Outing Club’s largest obstacle seems to be its lack of advertising.“I think...
...inspired to start the project in fall 2006 as a junior in high school. While helping some sixth graders write essays about their Thanksgiving plans, one student asked Shah how to spell the word “ball” three times. “That really hit me hard,” says Shah.He began to think of ways to approach this problem. The first project was an in-person tutoring program, but Shah says he found himself unsatisfied. “You end up doing a lot of the same things over and over again...