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...Under the current 10-percent plan, families earning $180,000 pay just $18,000 per year. For the next few years, we can justifiably ask these upper-income families to kick in a bit more—say, $22,000 or 12 percent. Scaling back half of the newest initiative, which was projected to cost $22 million but will likely cost significantly more, would leave our financial aid program between where it was at the end of the Summers presidency (very good) and where it is now (extraordinarily generous...

Author: By Paras D. Bhayani | Title: Budget Cutting for Dummies | 4/18/2009 | See Source »

...National Institutes of Health today made good on its charge from President Obama in March to come up with a less restrictive plan for federal funding of human embryonic stem cell research. The agency's proposed policy would allow unused embryos from infertility clinics to be included in stem cell research supported by taxpayer dollars. (Read "Study: Stem Cells May Reverse Type 1 Diabetes...

Author: /time Magazine | Title: NIH Eases Restrictions on Stem Cells | 4/17/2009 | See Source »

...Massachusetts House of Representatives unveiled their version of the state budget on Wednesday, a plan that closes the $3.6 billion budget shortfall with federal stimulus funds, cuts in services and programs, and a reduction in local aid to cities and towns.The House Ways and Means committee submitted a $27.44 billion budget for fiscal year 2010—$532 million less than what was proposed by Governor Deval L. Patrick ’78 three months ago. That same month, Patrick made a midyear budget cut of $128 million, leading to a local aid decrease of approximately $2.6 million...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: Mass. House May Cut Local Aid | 4/17/2009 | See Source »

...fellow who spent only two years as a young officer in the Air Force, Defense Secretary Robert Gates is looking equal parts Clausewitz and Sun Tzu - two of history's greatest military tacticians - as he unfolds his battle plan to remake the U.S. military. Last week he unveiled a $534 billion budget proposal for 2010 that calls for killing some of the military's most cherished weapons in favor of less high-tech gear better suited for the wars in Afghanistan, Iraq and the most likely future conflicts. "You don't need," he said, "a $5 billion ship...

Author: /time Magazine | Title: Gates' Battle Plan for the Defense Budget | 4/17/2009 | See Source »

...Behind Enemy Lines: Civilians and those in uniform have traditionally been at odds when it comes to procurement. So Gates is spending this week visiting the services' war colleges, trying to convince the future brass that his plan is the right one for the country and the military. He let them know that, so far, his strategy seems to be working. "I've been somewhat surprised, frankly, by the lack of a stronger reaction to the proposals that I've made," he told Air Force students Wednesday. "But I anticipate that the next few weeks will be fairly exciting...

Author: /time Magazine | Title: Gates' Battle Plan for the Defense Budget | 4/17/2009 | See Source »

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