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...price of oil floated downward, as Iraq's Anbar province, formerly a charnel house, returned to local control, as another September arrived with no cities flooded or towers destroyed, his vital signs improved slightly. Too little and too late for this political cycle, but beyond that lie the low hills of Texas, out of the storms, and a quiet wait for history's verdict...

Author: /time Magazine | Title: The Moment | 9/4/2008 | See Source »

...safety standard; so far it has spent only about $2 billion. "That should give you an idea of how much work there still is to do," says Garret Graves, who oversees coastal protection and restoration for Governor Bobby Jindal. And even 100-year protection may be insufficient for a low-lying city in a bowl, especially if seas keep rising and wetlands keep collapsing into the Gulf. "New Orleans still faces a higher level of risk from flooding than would be acceptable for other engineered life-protection systems," the American Society of Civil Engineers concluded in a report commissioned...

Author: /time Magazine | Title: Gustav's Lessons for New Orleans | 9/4/2008 | See Source »

That would require a commitment to stop building new homes in harm's way and to stormproof existing homes. It would also require some honest assessments about where defense is possible and where retreat is necessary. The president of low-lying Plaquemines Parish declared after Gustav that "one home lost in Plaquemines is one home too many"--which is not a realistic standard. Politicians can make promises, but they can't make Dulac safe. And those politicians need to focus on protection instead of pork; before Katrina, the Corps was spending more money in Louisiana than in any other state...

Author: /time Magazine | Title: Gustav's Lessons for New Orleans | 9/4/2008 | See Source »

...Though Harvard's is the most generous to date, Princeton, Dartmouth, Yale and Stanford have all launched similar plans to cap tuition contributions for students from low- and middle-income families. Indeed, students on financial aid at nearly every Ivy stand a good chance of graduating debt-free, thanks to loan-elimination programs introduced over the past five years. And other exclusive schools have followed their lead. Williams and Amherst colleges in Massachusetts, North Carolina's Davidson College and Virginia's William & Mary all replaced loans with grants and work-study aid starting last year. And several more schools...

Author: /time Magazine | Title: The New Battle over Financial Aid | 9/4/2008 | See Source »

...schools want more low-income students, a higher percentage of students who get grants instead of loans," says Morton Schapiro, president of Williams College and an economist who studies financial aid. "But they simply can't afford...

Author: /time Magazine | Title: The New Battle over Financial Aid | 9/4/2008 | See Source »

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