Word: smarts
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Dates: during 2000-2009
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...percentage of this year's applicant pool than last year's. But reflecting "the demands of financial aid," says Bates, they make up only 24% of the admitted pool this year, in contrast to 28% last year. "You've always been in an advantaged position to be rich and smart," says Morton Schapiro, a higher-education economist and the president of Williams College, which does not consider financial need in admissions. "Now you're at an even greater advantage." If so, then you can chalk up one more casualty of the financial crisis: diversity on campus...
...weren't really headed over the falls. The U.S. auto industry has been in deep trouble for more than a quarter-century. The median household income has been steadily declining this century ... but, but, but our houses and our 401(k)s were ballooning in value, right? Even smart, proudly rational people engaged in magical thinking, acting as if the new power of the Internet and its New Economy would miraculously make everything copacetic again. We all clapped our hands and believed in fairies...
...secondary that epochal change now seems. It's as if Jesus had returned - but just afterward extraterrestrials landed, and as a result everybody stopped paying much attention to the holy dude. But it's also a perfectly apt and gratifying turn of events: candidate Obama positioned himself as a smart, steady character who happened to be black, and the economic emergency that helped ensure his election has pushed the fact of his race and its heavy symbolic freight into the shadows of public consciousness. Once the crises have passed, however, I think we'll rediscover the ramifications, small and large...
...heading to banks and consultancies said that if money weren't an issue, they'd be embarking on different career paths, and the 20% of the class that went to work in public service, politics, the arts and publishing would instead be 39%. In the postbubble economy, plenty of smart and ambitious young people will still pursue financial careers, God bless them, but other fields will get a bigger share of the cream...
...along the lines of the towns and cities everyone instinctively loves, communities designed to become true communities. "The days where we're just building sprawl forever," Obama said in February in South Florida, "those days are over. I think that Republicans, Democrats - everybody recognizes that that's not a smart way to design communities...