Word: keeping
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...signed up yet for 2009. He heard details about grandparents who had footed the bill for camp losing their money to Bernie Madoff. He heard about parents who worked on Wall Street no longer getting a big enough bonus to cover camp. And the list went on. To keep his loyal campers coming back, he cut some deals: while everyone paid the same, more families than ever set up payment plans. "In the macro picture, we're in the same place we've always been, but in the micro picture, we've had families who have gone through real changes...
...future loans. "In this economic recession, a lot of students are having a difficult time just paying for normal things like groceries or rent," says Carmen Berkley, president of the U.S. Student Association, an advocacy group. "This is really going to make sure that students are able to keep up with their loans and don't have to default. We want to be able to have good credit, to eventually be able to buy cars and houses too." (See TIME's special report on paying for college...
...state should cut spending and keep taxes low. Does government spend to serve or serve to spend? On this question, too many legislators leave their answers blank...
After decades in the Senate (where he was no slouch at snagging funds for his home state of Delaware), Biden knew his way around a rotten pork barrel. So he set up an in-house watchdog group, with a team that would grow to eight and a charge to keep the spending clean, quick and defensible. Economists will tell you that the most important part of a stimulus is getting the money into the economy fast, where it can replace lost consumer and business spending and keep people employed. But Biden's team knew that it's just as important...
...less efficiently than it could have been. For example, studies have shown that more jobs are created when cities and states repair existing roads than when they build new ones. Highway-maintenance projects not only put more people to work more quickly than building new roads does but also keep costs down in the future. But according to one recent study by a nonprofit smart-growth advocacy group, roughly 31% of the state-certified first-round transportation funding in one $27 billion highway fund will go not to maintaining existing roads but to building new highways or adding lanes...