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...Bunker Hill—at his four different jobs,” she says.Yelbi considers the work as part of a “journey of giving back.” He is now an English as a Second Language tutor, a mentor for new students, and a math tutor for disabled students.LOOKING FORWARD, ANXIOUSLYIn the weeks after he sent his applications, three of the 12 schools that Yelbi applied to informed him that they would not be able to offer him financial aid as an international student, and as a result, could not admit him through their transfer program.Despite...
...average price-rent ratio for the 54 metro areas Economy.com broke out was 19.8 for the three months through September, a couple of points higher than the 15-year average of 17.7 but significantly lower than where the ratio stood three years ago, 24.4. By doing some additional math (which we'll explain later), we can surmise that house prices still have to drop 4.6% over the next five years, assuming the price-rent ratio returns to normal over that period. Funny how that almost doesn't seem so bad at this point. And if we look at the entire...
...Europe and Japan, the news is sobering. Our child-poverty and infant-mortality rates are the highest, our life expectancy is the lowest, our budget deficit as a share of gross domestic product (GDP) is the highest, and our 15-year-olds rank among the lowest on tests of math and science...
Here's the problem with that math: the tax system brings in about 18% of GDP, less in a recession - and Obama is even floating a two-year, $300 billion tax cut (roughly 1% of GDP per year). Even worse, our federal revenues are nearly exhausted by just four areas of spending: Social Security and other retirement programs, health programs such as Medicare and Medicaid, defense, and interest payments on the public debt. Almost all the rest of our expenditures - from education and infrastructure to international diplomacy and much more - have to be funded by borrowing. We are racking...
...option most are rejecting is reducing the overall room rates, because hotels feel they got burned doing that in 2001. "They found that the math doesn't work," says Yesawich; "you have to book too many more rooms to make up the lost revenue." What they are doing this time around is offering promotions and upgrades: Fairmont is offering third night free and $100 gift cards...