Word: moneyed
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...wrong moves; critics on the left suspect an incestuous relationship between Wall Street and Capitol Hill and those on the right decry a socialist takeover of the financial system. Lost in this maelstrom of punditry is the fact that the government has recouped most of its bailout money and divested its involvement in banking. Obama must argue before the American public that his administration averted the country from financial disaster. If voters still believe that the government failed in handling this crisis by November, Obama will have only himself to blame, and Congressional Democrats will suffer...
...Money-back guarantees hardly seem to go with higher education. And offering them to prospective applicants during a recession sounds downright insane. But that's the sweetheart deal a community college in Michigan has started dangling to try to increase its enrollment. Beginning in May, people who take six-week courses in certain subjects will be guaranteed a job within a year - or else they'll be refunded their tuition money...
...radical idea, particularly for a school located in Lansing, Mich., where unemployment sits at 11.7%. Lansing Community College, the third largest community college in the state, has 30,000 students a year but is looking for more. The new money-back guarantee will apply to the four most in-demand technical jobs in the area: call-center specialists, pharmacy technicians, quality inspectors and computer machinists. The average pay for these jobs in 2008 ranged from $12.10 an hour (call-center specialists) to $15.72 (computer machinists). (See pictures of the college dorm's evolution...
...money-back guarantee is only open to a total of 61 students in Lansing's pilot program. And the applicants are expected to be élite and competitive, says Ellen Jones, the college's director of public affairs. (All must have a high school degree.) Those who are accepted can't miss any class or assignments. They have to go through employability skill training and attend job fairs, and after they complete one of the six-week training courses, they must prove that they're actively applying for jobs. (See 10 perfect jobs for the recession - and after...
Russ Whitehurst, a senior fellow at the Brookings Institution, says that while some schools have been promising to refund money if credit hours don't transfer to another school or if tuition increases after the first semester, he believes Lansing's get-a-job-or-your-money-back offer is a first. "If every community college in America did something like that, they'd all be broke," he says. "They'd be refunding all their tuition...