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...proliferation of free content from schools like Harvard may also alarm the many students who pay to attend, often at great financial inconvenience. After all, just this month, Harvard announced that the cost of tuition, room, and board will break the $50,000 barrier next year. Yet, though ironic in the face of increasing tuition, free academic content is not offered at the expense of students and in no way cheapens the value of a certified Harvard education. Students here and at other universities have direct and interactive access to libraries, educators, and each other, all of which...
...perspective, consider that every dollar of tax revenue collected at the federal level in 2009 was used to pay for the cost of entitlement programs. Spending for the wars in Iraq and Afghanistan, the Troubled Asset Relief Program, the American Recovery and Reinvestment Act, and all other defense and discretionary spending was financed solely by deficit spending. In short, even if we decided that the government’s only job was to manage these entitlement programs and cut all other spending to zero, we’d still only break even—our $12.7 billion of existing national...
...dealt with by tax increases alone. Harry Reid (D-Nev.) called the issue a crisis “manufactured” by the Bush administration and said Social Security will be safe for “50 years,” ignoring the fact that the system will pay out more this year than it takes in. Nancy Pelosi (D-Calif.), meanwhile, disingenuously claimed that she opposed a plan to introduce personal accounts because she did not want to “bleed Social Security of $2 trillion” conveniently ignoring the fact that this extra $2 trillion would...
...some of the working groups’ suggestions have been made public. Smith has discussed the likelihood of using outside grants that science professors receive for their research to pay parts of their salary by the time the Faculty reaches budgeting for 2011-2012—an idea proposed in the working group of FAS’s science division...
...whoever assumes the helm of ADIA will be of keen interest to Dubai, according to Davidson. Apart from the troubles with the Burj Khalifa, debt-laden Dubai received a $10 billion bailout late last year from Abu Dhabi to pay off the debts of some of its most troubled state-run companies. "Dubai will be hoping that whoever replaces [Sheik Ahmed] will be someone who is more open to assisting Dubai, rather than this drip-feed of financial assistance Abu Dhabi has been giving Dubai, little by little, humiliating them every step of the way," Davidson says. Sheik Ahmed...