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...Greek Drachmas would get you $3.33. By May 2000, that was down to 27¢. That's the way the currency crumbles in a smallish, less than rich nation beset by government budget deficits, inflation and a spotty record of economic policymaking. Convincing foreign investors to buy your debt is a struggle. Financial life is difficult in ways scarcely imagined by inhabitants of the lucky (and not large) club of nations with solid currencies...

Author: /time Magazine | Title: Echoes of Greece's Debt Crisis | 2/22/2010 | See Source »

...alumni-donation well dries up. But when it comes to actually getting its class in the door, Skidmore, which allowed TIME to observe scholarship discussions and review admissions and financial-aid applications less than two weeks before the school mailed its final decisions, typifies the unique dilemmas that face smallish private colleges. Schools with deep pockets are coping: seven of the eight Ivy League universities, for instance, notched application increases this spring, three of them in double-digit percentages. The same goes for state schools and community colleges, where the comparatively small sticker price is a big draw...

Author: /time Magazine | Title: Colleges Face a Financial-Aid Crunch | 3/26/2009 | See Source »

...FDIC has taken over--nationalized, if you will--14 smallish banks so far this year. The tough questions have to do with the banking giants. Regulators deem them too big to be sold off or shut down according to standard FDIC procedures without risking another market breakdown like the one that followed the collapse of Lehman Brothers. The Obama Administration has already said it will buy shares in banks that need more help, and is negotiating a deal that would give it a big minority stake in Citigroup. But it has so far dismissed suggestions that it should take full...

Author: /time Magazine | Title: Nationalizing Banks: What's All the Fuss? | 2/26/2009 | See Source »

...real benefit, and will have lasting service to the community." He then grabs a sheaf of papers from his desk. The printouts, which look like massive Excel spreadsheets, are a list of ready-to-go water projects in Minnesota. Stabbing at the sheets, Oberstar points to one item, a smallish request to build a sewage system for a tiny town in Minnesota. "I suppose someone from New York City or Los Angeles would say, 'What the hell are you doing that for? That's a sewer to nowhere! Why should we provide funds to them?' Well, because their wastewater...

Author: /time Magazine | Title: Congress's Point Man on Infrastructure Spending | 1/16/2009 | See Source »

...real revelation from Equus, which has just opened at Broadway's Broadhurst Theatre, is that Radcliffe proves himself a strong, confident and convincing stage actor. As the troubled 17-year-old Alan Strang, he holds his compact, still-smallish body straight and still, his hands thrust down at his side - a polite, almost stolid youth who, as his story unfolds through the prodding of the psychiatrist tasked with finding the motivation for his horrific crime, is transported into religio-sexual ecstasy in the presence of his equine gods. In a Broadway season when neophytes from Katie Holmes to Cedric...

Author: /time Magazine | Title: Broadway's Equus: Harry Potter on Horseback | 9/26/2008 | See Source »

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