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...conduct of the five Senators - now known as the Keating Five - who were thought to have improperly intervened with regulators to protect a campaign contributor. The investigation began in November of 1989 and lasted nearly two years. All five Senators denied improper conduct, claiming that it was Keating's status as a constituent rather than as a donor that motivated their actions; although when Keating was asked whether his financial support had influenced the Senators on his behalf, he responded "I want to say in the most forceful way I can: I hope...

Author: /time Magazine | Title: The Keating Five | 10/8/2008 | See Source »

...this country. While schools with larger endowments might be able to weather such a change in policy, the inevitable disappearance of smaller schools would result in more limited access to higher education in the United States. The harm that would be caused by the removal of the tax-exemption status of American universities is much greater than the benefit would be. That said, American universities need to do the good work that justifies their exemption from taxation. All schools should be required by the U.S. government to spend at least five percent of their endowment every year. The complaint from...

Author: By The Crimson Staff | Title: Look But Don’t Touch | 10/7/2008 | See Source »

...doubt there is a correlation between socioeconomic status and SAT scores. A survey of SAT-takers in 2003 revealed that only 14 percent of students who scored over 1420 were from families in the bottom 40 percent of income brackets. Moreover, 46 percent of those test-takers scoring over 1420 came from families in the top quintile in income level. Critics of the current SAT believe this demonstrates the degree to which test scores are determined by background and preparation. In fact, this does not actually explain the numbers. A 2005 College Board survey found that, on average, SAT tutoring...

Author: By Lucy M. Caldwell | Title: Speaking Truth To Test Scores | 10/7/2008 | See Source »

...What these surveys may begin to indicate is something that very few are willing to entertain: there may exist a correlation between SAT scores and socioeconomic status because there is a correlation between socioeconomic status and intelligence. In his most recent book, “Real Education,” Charles Murray, a co-author of the controversial bestseller “The Bell Curve,” points out that nearly all of the most notable members of elite professions (which typically pay higher than blue-collar jobs) have IQ levels of 120 or above...

Author: By Lucy M. Caldwell | Title: Speaking Truth To Test Scores | 10/7/2008 | See Source »

...suicide, she has become a symbol of the difficulties women face in this deeply conservative yet technologically savvy society. Incessant online gossip appears to have been largely to blame for her death. But it's also clear that public life as a single, working, divorced mom - still a pariah status in South Korea - was one role she had a lot of trouble with...

Author: /time Magazine | Title: South Koreans Are Shaken by a Celebrity Suicide | 10/6/2008 | See Source »

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