Word: quartering
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10.FM: Wow. Speaking of this short story, it’s one of the most anthologized works in the last quarter century. Al Jolson was considered to be one of the world’s greatest entertainers. He sang a lot of jazz and blues and influenced a bunch of famous musicians and performers, including Judy Garland and Bob Dylan, who once referred to him as “somebody whose life I can feel...
...That possibility is already becoming a reality, as signs appear that central-bank policies are beginning to diverge. On Oct. 6, Australia became the first G-20 nation to raise interest rates, hiking its key rate by a quarter of a percentage point, to 3.25%. With "inflation close to target and the risk of serious economic contraction in Australia now having passed," Reserve Bank of Australia Governor Glenn Stevens said in a statement, the central bank decided that it was now "prudent to begin gradually lessening the stimulus provided by monetary policy." Meanwhile, in other industrialized nations still suffering from...
...With the region's recovery gaining pace more quickly than elsewhere, it could be the first region to face inflation pressures. In China, growth is rapidly returning to pre-crisis levels. On Oct. 22, China reported that its gross domestic product grew by a healthy 8.9% in the third quarter, from the same period a year earlier. Inflation in China "will rise faster than in most other major economies and will therefore justify earlier and stronger-than-expected rate hikes," wrote Jun Ma, an economist at Deutsche Bank in Hong Kong, in a September note. Concerns are also mounting that...
Highlight Reel: 1. Climbing costs in the classroom: Private colleges and universities come with the heftiest bills, though most students rely on public colleges and universities (in fact, just a quarter of students face costs of $21,000 or more). Public schools are a relative bargain, but average tuition and fees at two-year public schools rose 7.3% from last year, to $2,544. In-state tuition and fees at public, four-year schools rose 6.5% this year to $7,020 ($15,213 with room and board). Out-of-state costs saw similar increases, to $18,548 for tuition...
...defendants to court this week: a crackdown on the alliance of criminal gangs and their corrupt official collaborators who have terrorized a huge metropolis for years. Thousands of suspects were questioned, some 1,500 were arrested, bribes in the tens of millions of renminbi were revealed and nearly a quarter of the city's police force was devoted to the ongoing investigation. Even more astonishing - almost unprecedented - is the fact that so many senior police officers and government officials are on trial, virtually all of them stalwart members of the ruling Communist Party. (Read TIME's 1981 story about...