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...being told that any human can know how many angels can stand on the head of a pin. They are alarmed that this information could then be used to deprive them of a social safety net in the future or that they will be required to pay a greater portion of their wages into the federal system. The subject that has not been raised with the announcement of the new projection about the Social Security and Medicare funds is what government expenses might be eliminated to save benefits from the two programs decades from now. People would like to know...

Author: /time Magazine | Title: The Great Social Security and Medicare Panic | 5/13/2009 | See Source »

...Kwong spent a large portion of his junior year at Cambridge Rindge and Latin School, where he taught a two-hour class every weekday and designed a curriculum on weekends, while writing his senior thesis...

Author: By Spencer H. Hardwick, CRIMSON STAFF WRITER | Title: Building Bridges, Shattering Stereotypes | 5/11/2009 | See Source »

...raise as a result of the "stress test" process. That leaves the more important issue of what it means when the financial distress of the wealthy and nearly wealthy begins to look like the money problems of everyone else. The country counts on the rich for a large portion of it tax receipts. The new budget assumes that upper income households will pay an even larger part of their earnings each year from now on. (See pictures of things money...

Author: /time Magazine | Title: During a Recession, Being Rich Loses Its Luster | 5/8/2009 | See Source »

...foreclosure data shows that many high-end homeowners are running out of resources for keeping their homes. That means the portion of the home market with the most expensive houses is beginning to collapse. If it follows the pattern of the rest of the sector, prices will correct downward quickly and brutally. The housing crisis will have moved to upper tier property which will push down overall home prices even more. Banks will take back more foreclosed houses. Those that they seize this time will just be larger and more opulent...

Author: /time Magazine | Title: During a Recession, Being Rich Loses Its Luster | 5/8/2009 | See Source »

...also particularly troubling that, as per the seller’s stipulations, a large portion of the building would have to be set aside for “progressive social organizations,” a term that, while nebulous, connotes a certain ideological leaning the UC has no business promoting with its real estate. The UC is a body intended to represent Harvard’s entire undergraduate population, and no social space it attempts to create should ever alienate those students whose political views may not necessarily be classified as “progressive...

Author: By The Crimson Staff | Title: The Capital Campaign to Nowhere | 5/7/2009 | See Source »

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