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...hard to blame the communist central government in the big Asian country for that. The U.S. is still viewed as unique in both the size of its GDP and its potential to maintain impressive economic growth rates over long periods of time, in large part because of its vast pool of consumers. (See the 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Why Europe's Criticism of the Stimulus Got Out of Hand | 3/26/2009 | See Source »

Every first family puts its stamp on the White House. The Obamas' new kitchen garden echoes the victory garden planted by Eleanor Roosevelt during WW II. F.D.R. made a cloakroom into a movie theater and put in an indoor swimming pool. Nixon, an avid bowler, added a one-lane alley. Eco-friendly Jimmy Carter installed solar panels on the roof in 1979, only to have Ronald Reagan remove them in 1986--proof that even First Families can't go home again...

Author: /time Magazine | Title: White House Renovation | 3/26/2009 | See Source »

...SWIMMING POOL Nixon closed F.D.R.'s pool to expand the pressroom; Ford had this one built...

Author: /time Magazine | Title: White House Renovation | 3/26/2009 | See Source »

...Shorb, Skidmore College's fast-talking director of student aid and family finance, did more reading than usual this year. And not just because the 4,000 financial-aid applications that landed on his desk made up a record 62% of the applicant pool. Shorb, who has worked in financial aid for 30 years and is halfway through putting his three daughters through college, had also never seen so many personal appeals folded into the files. Setting aside his computer algorithms and thick-buttoned relic of a calculator, he absorbed every typewritten page. One family expected a 50% income drop...

Author: /time Magazine | Title: Colleges Face a Financial-Aid Crunch | 3/26/2009 | See Source »

...debating whether applying for aid will hurt a student's chances of getting admitted has been viewed nearly 25,000 times. At Skidmore, one figure suggests the answer is yes: students of color, who disproportionately applied for financial aid, made up a higher percentage of this year's applicant pool than last year's. But reflecting "the demands of financial aid," says Bates, they make up only 24% of the admitted pool this year, in contrast to 28% last year. "You've always been in an advantaged position to be rich and smart," says Morton Schapiro, a higher-education economist...

Author: /time Magazine | Title: Colleges Face a Financial-Aid Crunch | 3/26/2009 | See Source »

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