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...past decade, there have been several similar studies in the U.S., Britain, Brazil and elsewhere that have come to comparable conclusions. Children born just after flu pandemics have higher rates of physical disability, perform worse in academic tests and have lower income compared with babies born before or after pandemics. "The cohort [born in 1919] has shorter height and lower weight as teenagers, a higher percentage of various health issues," wrote economist Ming-Jen Lin of National Taiwan University in a soon-to-be-published paper looking at the long-term effects of the 1918 flu in Taiwan...
According to new U.S. Census data, the recession has hit middle- and low-income families hardest, widening the gulf between them and the rich. Lower incomes boosted poverty rates in 31 states and Washington, D.C., from 2007 to 2008, compared with increases in just 10 states the year before. Overall, the U.S. rate hit an 11-year high of 13.2%, while the number of Americans receiving food stamps rose...
...that response. Neither shot has proved effective alone, yet together they seemed to trigger a modest immunity--although no one yet knows why. Fifty-one people who received the vaccine became infected with HIV, compared with 74 who received a saltwater placebo, a barely significant difference. And while a lower risk of infection normally derives from a drop in the amount of virus circulating in the blood--with less virus floating around, there is less chance that HIV can bind to healthy cells--that did not happen in this study. Which means that although those who are vaccinated might...
...homeownership? Let me count the ways. First, more than 80% of the mortgage loans made in the U.S. so far this year have been bought by the government-sponsored entities (GSEs) Fannie Mae, Freddie Mac and Ginnie Mae. That keeps the interest rates on those GSE-backed mortgages substantially lower than on mortgages that can be sold only on private markets, because taxpayers are on the hook for defaults on the former. That risk, long hypothetical, became reality as we got stuck with a $291 billion rescue bill for Fannie and Freddie in the fiscal year that ended in September...
...figure was 58%; today, it is 4%. This shift has meant that schools have had to 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...