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After a half-decade of stagnation, the Pell Grant—a government-sponsored form of financial aid benefiting 700 low-income Harvard undergraduates—is poised for an increase. The House of Representatives voted Wednesday to raise the maximum Pell Grant by $260, or 6 percent. Yesterday, President Bush announced a budget calling for an increase of $550, which would boost the grant to a maximum of $4,600 per year. The director of financial aid for the College, Sally C. Donahue, welcomed the move to increase federal funding for needy students, citing a lack of action...
...million Maximum pay that Home Depot CEO Frank Blake will receive this year...
...mail; I haven't heard about that.'" More certain is that his next work for ADT will hit the spot. To be called G, it looks to deconstruct the romantic ballet Giselle, and one can foresee his heartbroken peasant girl being transported to the moonlit land of Wilis with maximum G force...
...individuals the top tax rate would drop from 84% to 65%, while for corporations the maximum rate would decline from 52.9% to less than 50%. Total savings: $27.5 billion. The reform will simplify the system by reducing the number of tax brackets from 15 to six. To help make up for the loss in revenue, the plan outlines a new maximum 5% value-added tax, which is similar to a sales tax, and recommends a 20% levy on interest from savings. For the first time in 66 years, interest on small savings accounts would be taxed...
...high will the waters rise? Scientists debated that question at a conference in Racine, Wis., last month. "We agree we can reasonably expect next year's maximum to be ten inches above this year's," says Charles Collinson, principal geologist at the Illinois State Geological Survey. Projections based on long-term weather patterns offer no comfort. Says Collinson: "We agree we can expect high lake levels for six years and possibly even a decade more." Curtis Larsen, a U.S. Geological Survey researcher who has studied the lakes' ebb and flow dating back 7,000 years, predicts Lake Michigan may ultimately...