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...reduction in the number of people who default on their student loans, a financial disaster that can destroy credit ratings and hike up interest rates on future loans. "In this economic recession, a lot of students are having a difficult time just paying for normal things like groceries or rent," says Carmen Berkley, president of the U.S. Student Association, an advocacy group. "This is really going to make sure that students are able to keep up with their loans and don't have to default. We want to be able to have good credit, to eventually be able...

Author: /time Magazine | Title: New College-Loan Plan: Pay Back By What You Earn | 7/2/2009 | See Source »

...bells and clicking roulette balls. But now the place is deserted, filled only with an eerie silence. The timing couldn't have been worse for Olha Stupak, who was one of the casino's senior supervisors. With a child about to enter university, car-loan repayments to make and rent to pay, she's going to struggle to get by on her savings and unemployment benefits. "I'm looking for work, but it's difficult because of the crisis," she says, looking around at the empty tables. "I know all about roulette, poker and blackjack. But other jobs require different...

Author: /time Magazine | Title: All Bets Are Off: Russia and Ukraine Ban Gambling | 7/2/2009 | See Source »

...Ellwood said that the School has frozen salaries for faculty and exempt staff, implemented a "hiring frost," reduced the faculty budget, and trimmed expenses for travel, food, rent, and outside services. But a roughly $2 million "long-term structural gap" remained, he said, forcing the School to cut staff...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: HKS Cuts 18 Staffers To Close Budget Gap | 6/30/2009 | See Source »

...This year's analysis culls information from several sources, including the Census Bureau, the Department of Housing and Urban Development, the Bureau of Labor Statistics and the Bureau of Economic Analysis. The report strives to be a resource for policymakers and private citizens looking to buy, sell or rent. It reviews affordability concerns, explains how housing continues to affect the economy and cites factors that could drive growth in the future...

Author: /time Magazine | Title: The State of the Nation's Housing | 6/23/2009 | See Source »

...Shige has funded his operation, including office rent of $800 a month and occasional support for those trying to get back on their feet, with his retirement savings and donations. But in April, the Japanese government committed to supporting Shige's and similar efforts with about 10 billion yen ($100 million) over the next three years. "It's taken five years to get the support," says Shige. "But we also need the kind of policies that keep people from becoming depressed in the first place"--particularly by bolstering the safety net for people with mental disorders and those who have...

Author: /time Magazine | Title: Postcard: Tojinbo Cliffs | 6/22/2009 | See Source »

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