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...student’s growth as an individual. It is perhaps a luxury of America’s economic position that parents can afford to take such risks with their children, drawing time away from chasing numeric success and instead encouraging creativity. In India, if a parent is to pay for his son’s college tuition, that child must choose a path that ensures a secure and set future—not “the arts” And there is little by way of encouraging participation in extracurriculars. Time is better spent in the classroom...
...February, the Obama Administration said it would pay mortgage-servicing companies to modify existing home loans to make them more affordable - an attempt to keep struggling borrowers in their houses and slow the escalating pace of foreclosures. In a way, the problem was an odd one. Lenders lose a lot of money during foreclosures and shouldn't need incentives to prevent them. The complexities of mortgage securities and the uncertainty surrounding future home prices and the economy, it seemed, were gumming up the system. A government push would get the wheels moving...
While today's summer office jobs bear scant resemblance to the long-term apprenticeships of the Middle Ages, both share the same purpose: jump-starting an ambitious new worker's career. In the trade guilds of 11th century England, a worker would actually pay to learn alongside a "master" who would teach him a skill like printmaking. Apprenticeships could last several years and would start as early as age 16. In many cases, the apprentice was dependent upon the master for food, clothing and a place to live, though this idea eventually disappeared. As the Industrial Revolution of the 18th...
...Obama has gotten this far in part because he has put off the thorniest questions of who should pay and how big a role government should have. These, he says, are the issues that deepen "some long-standing ideological divisions in our Congress and, frankly, in our society." They are also the ones that have defeated Presidents who have tried to solve the problem, going all the way back to Teddy Roosevelt. But what looked like shrewd politics early in the process is increasingly being viewed on Capitol Hill as a failure to lead. As a senior Democratic congressional aide...
...than many liberals would like to see. The Finance Committee, whose chairman, Max Baucus of Montana, is working closely with ranking Republican Charles Grassley, appears poised to omit any requirement that employers provide coverage to their workers (though they would have to reimburse the government for what it would pay to help them buy their own coverage) and to give relatively skimpy subsidies to Americans who would now find themselves required to buy insurance...