Word: taxed
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...Skidmore and colleges like it with a pretty good idea of what to expect come May 1, when deposits are due. This time, though, money troubles are continually changing the outlook. In previous cycles, Shorb estimates, he could base 95% of the aid awards on the prior year's tax returns. But this time Shorb is also trying to project many applicant families' income for 2009, which, given the volatility of the economy, is anyone's guess. He's leaving his calendar open every day in April to deal with further appeals from students whose family finances are casualties...
...name only, the specter of communism is no longer haunting us, and charges of socialism have lost the political power they had for most of the past century. Rather, it's suddenly capitalist piggishness that provokes genuine rage. When nearly half the House Republicans vote for a confiscatory 90% tax on Wall Street executives' bonuses, the old "class warfare" lines seem moot...
...left are losing their salience. For a while, America will be in a state of ideological flux - which means we'll be unusually free to improvise a fresh course forward. We can have universal health coverage and public schools unbound from the stultifying grip of teachers' unions. We can tax fossil fuels so that solar and wind become more economical and commit seriously to nuclear power. We can impose sensible regulatory mechanisms and enthusiastically promote free markets and free trade. We can grow the armed forces to fight all necessary wars but also forgo pork-barrel weapons systems...
...prevent a prolonged economic catastrophe. Now he had returned to the same format to say that that the ship was slowly turning and the problems would be solved. Teachers and police officers were keeping their jobs, he said in his introduction, reading from a large TV screen. Stimulus tax cuts were finding their way into paychecks. Mortgage interest rates were at historic lows. A credit-crunch solution was in the pipeline. "So let's look towards the future with a renewed sense of common purpose, a renewed determination, and most importantly, a renewed confidence that a better day will come...
...example, when Barack Obama arrives in Europe next week for key summits in London and Prague, who will be there to greet him on behalf of the E.U.? And what happens to negotiations on pressing E.U. issues, everything from reforming Europe's financial markets and clamping down on tax havens to climate change pledges and immigration rules? (See pictures of the world reacting to Obama...