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...problem isn't just a soft job market - it's an oversupply of graduates. In 1973, a bachelor's degree was more of a rarity, since just 47% of high school graduates went on to college. By October 2008, that number had risen to nearly 70%. For many Americans today, a trip through college is considered as much of a birthright as a driver's license. (See pictures of the college dorm's evolution...
...government has already taken a number of steps in this realm, largely through the Small Business Administration. The issue with increasing access to credit, though, is that easy money was one of the main reasons we wound up on the brink of economic calamity in the first place. Taken as a group, new businesses may be job creators, but any sort of average masks the fact that many young companies completely combust. Lending to them is risky, and while it may be desirable to lend more in an attempt to create jobs, there is a flip side to the coin...
...college degree is no secret on campus. An annual survey by the Higher Education Research Institute has long asked freshmen what they think their highest academic degree will be. In 1972, 38% of respondents said a bachelor's degree, but in 2008 only 22% answered the same. The number of freshmen planning to get a master's degree rose from 31% in 1972 to 42% in 2008. Says John Pryor, the institute's director: "Years ago, the bachelor's degree was the key to getting better jobs. Now you really need more than that." (See TIME's special report...
...Drug for Osteoporosis Halting osteoporosis, the inevitable weakening of bone, is the best way to avoid the hip and spine fractures that are the leading cause of health problems in the elderly. Current drugs for osteoporosis work by blocking the effect of bone-destroying cells, which increase in number as people age. But a new compound under review by the FDA tackles the problem in a different way ? by curbing the formation of the bone-gnawing cells. That tilts the balance in favor of bone-building. In two studies published in August, the experimental compound denosumab was shown to reduce...
...chief of Taiwan's Child Welfare Bureau, Chen Kung-huang, says lowering housing prices for families with children and other related goals - like helping singles date and mate - are all items on the government's to-do list to try to boost the number of babies being born in Taiwan's delivery rooms. But underlying factors behind the low birthrate may be beyond the grasp of government policy. When asked if she wanted to have children, happily married broadcast journalist Huang Shih-han replied, "I like reading and, well, you can't read if there are children wailing." Why does...