Word: paymentsã
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...booms of the ’70s were followed by lean years in the early ’80s, but cyclical market fluctuations are a feature of nearly any business. Government policies have gone to ridiculous lengths to remove the risk from farming, offering “emergency disaster payments?? for crop failure while at the same time subsidizing insurance to cover those failures. For that matter, from 2000 to 2006, $1.3 billion was give to individuals who don’t farm at all simply because they own land that was once used for agriculture. It?...
...long way towards leveling the playing field between privileged and underprivileged students. Similarly, the decision to stop considering home equity in the calculation that determines a family’s ability to pay—which will cut out an average of $4,000 per year in payments??is a wise one. Houses are not liquid assets, and a family should not be penalized for increases in housing prices that do not affect a family’s short-term financial situation. All in all, this program appears to be one that has been well thought through...
...experiences as co-founder and CEO of City Year, a national service organization specializing in full-time, year-long volunteer involvement for youth. Khazei proposed that students participate in a year of volunteer work following high school in exchange for a year’s worth of college tuition payments??an idea he compared to the educational benefits earmarked for military veterans since the end of World War “A new GI bill for the 21st century would say to all of you: You can get the American dream, but you have to earn...
...inappropriate for Harvard to donate to charities providing relief to the victims of natural disasters. Harvard really has no money of its own. It is merely the trustee for money given or paid to it for education and research, and funds resulting from reinvestment of such gifts and payments??funds which should themselves be invested in education and research at Harvard...
...because we cannot rely on the Trust Fund to preserve Social Security. After all, it was former President Bill Clinton—not President Bush—who pointed out in his budget in 2000 that “These Trust Fund balances are available to finance future benefit payments??but only in a bookkeeping sense…They do not consist of real economic assets that can be drawn down in the future to fund benefits. Instead, they are claims on the Treasury that, when redeemed, will have to be financed by raising taxes, borrowing from...