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...deficits. Some cities and towns are already in receivership. Huge states such as Michigan and California are in terrible trouble. This could cause both the loss of jobs and pension benefits for retired municipal workers. The U.S. economy has never been faced with the serial failures of a large number of pensions, both public and private...
...have any choice over who put money into the firm? Probably very little. The newspaper industry is viewed as a poor investment. Several newspaper chains are already in the process of liquidation, particularly Journal Register and Gatehouse. The third largest newspaper company, McClatchy (MNI) is in deep trouble. A number of the nation's largest dailies, including The Rocky Mountain News, are for sale and some will be closed if they do not find buyers...
...record-breaking number of more than 29,000 students have applied for spots in Harvard’s class of 2013, up about 5 percent from last year’s 27,462 applicants, the admissions office announced today. With an increase in applicants but the same number of spots available, this year’s admissions season is poised to be even more competitive than last year?...
Other top universities expect an increase in applicants as well. The number of applications to Yale College is approaching 26,000, up from 22,817 applications last year, Dean of Admissions Jeff Brenzel told the Yale Daily News last week. Princeton University and the University of Pennsylvania expect to report their applicant numbers later this week or early next week, according to deans of admission at both schools. The University of Virginia, who like Harvard eliminated early admission two years ago, received 21,750 applications, up 17 percent from last year, according to Senior Associate Dean of Admission Greg Roberts...
...Economic factors may affect demand greatly, and an increasing number of students in the next decade and beyond will come from less affluent families who will need to be encouraged to consider higher education,” Fitzsimmons told the Gazette. “Unless we are successful in reaching out to them, our nation will not realize its full potential...