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...Hatoyama is not explaining this U-turn very well - nor is his message consistent. For example, he has indicated that, in the interest of fiscal responsibility, he may toss overboard some of the $77 billion in programs that the DPJ offered to increase household disposable income. The purpose of this spending is to help shift Japan from an export-led economic model to one led by consumption. During the country's 2002-07 recovery, fully one-third of GDP growth was attributable to a rising trade surplus. As the severity of Japan's current recession showed, this...
...Healthier Way to Pay Doctors," Jeffrey Kluger writes, "Any job that averages $179,000 per year and lets you be your own boss is a job most folks wouldn't turn down" [Oct. 26]. I wonder if "most folks" would be willing to first invest 10 years of their life for training, after college, in order to qualify. I also wonder if "most folks" would be willing to regularly jump out of bed at 2 a.m. and run to the hospital. Would "most folks" consider this job "being your own boss" after they learn about the enormous regulatory and financial...
...boys school is an event associated with the sounds of chaos, not classical music. And yet there are definitely strains of Beethoven coming from the piano in the cafeteria at the University of Detroit Jesuit High School and Academy. Behind the pianist, another student waits patiently for his turn. Upstairs in the art room, a senior is using the lunch hour to apply more brushstrokes to a portrait. A few kids are playing pickup ball in the gym, but more are crowded in the library...
...Today approximately one-quarter of the school's 780 students are city residents, with the rest spread across the inner and outer suburbs. The school allocated $1.4 million in financial aid this year to students who could not afford the $9,990 tuition. "We will not turn away any student who is qualified to come here," says U of D principal Gary Marando...
Behind each twist and turn of last year's financial crisis was a small club of (mostly) men--many of them friends, plenty more rivals--who determined, often by the seat of their pants, how events would unfold. In Too Big to Fail, Sorkin, a New York Times reporter, takes us inside the cozy world of Wall Street chieftains and their Washington alter egos. Why did the U.S. Treasury Department ask Congress for $700 billion in bank-bailout funds? Because $500 billion felt too small and $1 trillion politically impossible; one staffer, charged with justifying the figure, laughed...