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...think that the City of Cambridge has never been in better shape than it is today, even though we’re in the midst of a raging recession.” The city’s 2009 operating budget of $434.1 million represents a 5 percent increase over the 2008 budget, and will require a 5.68 percent increase in property tax revenue, Healy said at the meeting. Councillors said they agreed that, in important ways, the budget fulfills some of the city council’s primary goals. “The most significant occurrence in this budget...
...Inflation rates had risen to 100,000 percent by last month, according to media reporters. The employment rate has swelled to 80 percent...
...National Commission on Writing, found that two-thirds of high school students frequently use common e-mail, instant message, and text message slang in their academic writing. Students who have blogs or are members of social networking sites like Facebook and MySpace were found to be 15 percent more likely to use informal writing styles in academic work. The report also found that girls were about 10 percent more likely to use text shortcuts and nearly 20 percent more likely to use emoticons than boys in academic writing. But at Harvard it’s rare to find a stray...
...Massachusetts House of Representatives considered an amendment to the budget Monday that would impose a 2.5 percent tax on universities with endowments of over $1 billion, a proposal that would impact schools like Harvard and MIT, both of which have endowments of at least $10 billion...
Harvard’s $35-billion endowment has also drawn scrutiny from Washington, where Senator Charles E. Grassley, an Iowa Republican, has proposed legislation to make universities spend five percent of their wealth each year, as foundations must...