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...refinancing or selling, the old get-out-of-jail-free cards when you could no longer make your payments. So maybe we should be most worried about the 50% of homes that are underwater in the Detroit area. Or - odd as it may sound - Rhode Island, where the unemployment rate, at 10%, is second only to Michigan, and where 15.7% of mortgage holders are underwater, up from 12.1% in September. (See pictures of the recession...
...It’s a deep structural change, and it only began, [fundamentally], around 1980. That’s a radical change in 25 to 30 years. It took 300 years for the business sector to grow at this rate, since the 1700’s. It’s taken the citizen sector 30 years. That’s not a fashion, that’s an entrepreneurial change...
...described are sharply focused, and we have to be consistent in this focus. Everyone in Ashoka has to be entrepreneurial, everyone has to be collegial—meaning they are innovative and [empowered]. It’s a team of teams. We are growing at a rate of 35 percent last year, 80 percent next year, and that’s all because we are in this historic moment: the transformation of the citizen sector...
Planned spending from the SIF had assumed a long-term average growth rate of 8.25 percent on the endowment—a target that Harvard would fail to meet given this year’s endowment return, said University President Drew G. Faust in an interview last week...
...rate, helping its southerly neighbors is in America’s own best interests. In a dramatic turn of events, Mexico’s drug war seems to be spilling over into Arizona. Recent Mexican-linked abductions in Phoenix are clear examples of the consequences of failing to stabilize the region. Reuters reported that Washington has pledged to give Mexico helicopters, surveillance aircraft, inspection equipment and police training under a $1.4 billion plan to beat the cartels in Mexico and Central America. Such supportive acts are the type that Latin America needs. America should not wait to intercede in Latin...