Word: plan
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Perhaps if there are any cautionary tales to be drawn from the Post Party Plan incident - apart from the fact that you should always copyedit your invitations - it's that credibility and prestige are two of the most valuable assets the mainstream media has. In attempting to monetize them, it has to be extremely careful not to fritter them away...
...that stands to change on July 1 with the start of an income-based repayment (IBR) plan. The goal of the government initiative, which has been championed by Massachusetts Senator Ted Kennedy, is to prevent payments on federal student loans from exceeding 15% of a borrower's disposable income above 150% of the poverty level. Borrowers who earn below that threshold (which in most states is about $16,000 for a single person with no dependents) wouldn't have to make any monthly payments at all. (See how Americans are spending...
...federal loans, arrive at a moment of seemingly runaway college costs on one end and a dismal economic outlook on the other. The Obama Administration is trying to lessen the pressure on aspiring students in ways both big and small. Last week, Secretary of Education Arne Duncan announced a plan to simplify the Free Application for Student Aid (FAFSA) - the form to apply for federal dollars - cutting at least 20% of the questions and making it easier to fill out online. For months now, Duncan has discussed the possibility of making Pell Grants an entitlement or guaranteed benefit like Social...
...During the campaign, Obama had been scathing in his criticism of McCain's plan. One of his ads noted that the GOP nominee advocated "taxing health benefits for the first time ever ... taxing health care instead of fixing it. We can't afford John McCain." But in recent days, Obama's top aides have signaled a new openness to the idea. "There are a number of formulations, and we'll wait and see. The important thing at this point is to keep the process moving, to keep people at the table, to keep the discussions going," his top strategist, David...
...timing is certainly right. Analysts say Hong Kong Disneyland needs to expand to stand up to plans for a much larger Shanghai Disneyland in the next few years. Construction has not begun, but the Shanghai municipal government and Disney Co. signed off on a project proposal earlier this year. The new plan could also lift spirits at a time when Hong Kong's tourism has taken a hit on swine flu concerns. According to the Hong Kong Tourism Board, the number of new visitors to the city in May dropped a steep 13.4% year on year. For the first five...