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...will not be pretty. "Look what happened in New Jersey," says Stuart Altman, an economist and professor of national health policy at Brandeis and a longtime policy adviser on health care. The state recently revealed that it faces a $58 billion shortfall in funding for retiree health care, even larger than GM's. To meet that gap, New Jersey has asked retirees to pay more in premiums, but the state may eventually have to scale back spending on services like public colleges and mass transportation. Some cities, such as New York and Duluth, Minn., have already set up health-care...
...There had been in the last campaign tremendous energy for undergraduate financial aid,” Summers said. “I was trying to channel that energy into an even larger cause...
...will seek to enlist several departments to create a Harvard College Human Rights Fellowship Program for undergraduates. These fellows would be able to take intensive junior seminars taught by faculty members throughout the University and would ultimately go on to write senior theses on human rights issues. Citing the larger curricular reforms currently underway, Marks told the crowd that “the time is right for this.” In addition to launching the committee’s agenda for the year, the event served to introduce this year’s resident “Scholars...
...Northern Rock's problem: Its modest savings business compared to its mortgage lending arm means it leans on those wholesale credit markets for a larger share of its funding than its rivals. With that well drying up, it "hits them disproportionately," says Alex Potter, an analyst at Collins Stewart in London...
...next stop, the crowd is larger - at about 150, the largest so far. From the back of the hall, a father shouts that his sons, both recently in Iraq, are here. McCain brings them on stage. Their t-shirts, emblazoned with military insignia, are stretched tight over muscular frames and their bearing is upright and proud. On stage, though, they speak haltingly. One chokes up: "I was in Anbar, when it was bad. I lost some good friends there," he says, "But I'd shave my head and go back for this guy." Says the other: "I just want...