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...Perhaps the worst part, however, is that deficits have risen the fastest in the euro-zone group, which requires members to limit their budget shortfalls to 3% of GDP. Many of these countries began exceeding that threshold before the financial crisis began and then went well above it after the crash. E.U. countries collectively spent $1.5 billion to save their vulnerable banking sectors and a further $200 billion in stimulus funding to revive their economies. Although the latter helped the 16-nation euro zone exit the recession in the middle of 2009, it also lifted already lofty deficit levels even...

Author: /time Magazine | Title: The U.S. Is Not Alone — Europe's in Debt Too | 2/2/2010 | See Source »

...course, financial constraints have also affected the Harvard undergraduate academic experience. Section sizes have not risen above the official limits Harvard has laid out for itself, but they have still increased. Section quality steadily decreases with each additional student, so students suffer from increased section sizes regardless of whether they are below Harvard’s section-size...

Author: By Elizabeth C. Bloom | Title: Old Harvard, New Harvard | 2/2/2010 | See Source »

...have argued that would have led to a worse deal for AIG. Instead, the Federal Reserve decided to give AIG the money to pay off the CDS contracts in exchange for the soured bonds. As credit markets have rebounded, those investments, most of which were risky mortgage bonds, have risen in value...

Author: /time Magazine | Title: Could the U.S. Have Saved Billions on AIG Rescue? | 1/27/2010 | See Source »

...York Federal Reserve, Fannie Mae, Freddie Mac, Goldman Sachs, Citigroup, Bank of America—there are too many to list. We listen helplessly to members of congressional oversight panels who condemn them with their voices but continue to pay them with our money. Unemployment has risen to 10 percent. And now, they want our health-care...

Author: By Kimberly N. Meyer | Title: The Audacity of the Voters | 1/27/2010 | See Source »

...teenagers, which had been dropping since 1990, took an upturn in 2006, according to newly released data. The figures, obtained from government sources and abortion providers by the Guttmacher Institute, a reproductive-health think tank, echo previous Centers for Disease Control and Prevention reports that births among teens had risen. But the new Guttmacher report rounds out the picture: in 2006, there were 71.5 pregnancies for every 1,000 women under the age of 20. That's 3% more than in 2005. The increase was concentrated among 18- and 19-year-olds - pregnancies among those 17 or younger rose only...

Author: /time Magazine | Title: New Data: Teen Pregnancy on the Rise, Abortions Too | 1/26/2010 | See Source »

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