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...cost of stemming the financial crisis continues to soar. The U.S. Federal Reserve has already sunk more than $800 billion into the financial system; the Treasury Department is committed to the $700 billion bailout package in addition to the $200 billion being spent to prop up Freddie Mac and Fannie Mae; rescuing AIG may cost more than $120 billion. With the already lofty U.S. budget deficit now expected to top $1 trillion next year and recession a virtual certainty, you'd expect America's currency to be taking a beating...
Only a month ago, Bruce Lunsford looked like a bad bet to unseat the most powerful Republican on Capitol Hill. A businessman who twice failed to become Kentucky's governor, Democrat Lunsford seemed not much of a match for minority leader Mitch McConnell, who has spent 24 years in the Senate. McConnell's campaign has raised nearly $18 million, while Lunsford had to loan $5.5 million to his. But where polls as recently as mid-September were showing Lunsford running 13 or more points behind McConnell, several since then suggest the race is a dead heat, and the national Democratic...
...rivalries and organized activities galore. But if you're thinking high school, think just a little bit higher; this is the Commons at Vanderbilt University, a brand-new campus within a campus to house the entire class of 2012, 10 professors and its own Dumbledore-like dean. The school spent $150 million and a decade creating this community, designed to help 1,570 first-years get acclimated to college life. And the Commons is just the most holistic example of something that more and more campuses are prioritizing: the new freshman experience. (See pictures of the college dorm room...
...higher education adjusts to the needs of 21st century students, schools are trying to borrow from the campus culture of yore, when college kids spent evenings analyzing poetry in professors' quarters. Research indicates that students are more likely to be satisfied with school and become campus leaders if they spend time with faculty. Which is why the University of Arkansas at Fayetteville created Core Connections, which lets mostly freshmen opt to live in two dorms where attendance at faculty-planned events is required. The University of Maine now makes all frosh live together in dorms with new support networks. Ditto...
Isaiah Stotler spent seven months of his 18th year in the reservation jail for a variety of offenses tied to his drinking. "I had a major problem with being told what to do," he admits, "but I finally swallowed it." He cut his drinking to an occasional beer, qualified for college by passing a ged test and enrolled. "My record says I'm a drug dealer and gangbanger," he says. "But my transcript says that I'm getting all A's. I proved that people can change...