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Thursday, February 23, 2012


          
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Source: National Review Online
Why the animosity toward the for-profit sector? With respect to higher ed, the roots are ideological. Shireman came to the Department of Education from serving as president of the Institute for College Access and Success, a non-profit that appears to want the private sector’s role in higher education to be as small as is practicable.
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The Atlantic
When you rent a car in India, the car comes with a driver, partly because their wages -- as low as $2-3 a day -- are negligible compared to the cost of the rental. I traveled a lot within India, so I met a lot of drivers.
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Source: Aol Black Voices
A few weeks ago,I told you about the Kim Kardashian MasterCard, a truly terrible example of celebrity endorsement gone bad. I didn't blame Kim K. herself for this, after all -- if someone were silly enough to offer me lots of money to endorse a JayCard, I'd probably be headed to the bank quicker than you could finish this sentence.
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Source: BAol lack Voices
he rapper Sean 'Diddy' Combs has reached another milestone in his increasingly storied hip-hop career. This year, Forbes ranked Diddy as the wealthiest hip-hop artist in the world, with a net worth of $475 million. He was followed on the list by Jay-Z, who himself carries a net worth of $450 million.
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Source: Blackvoices.com
BET Networks Chair and CEO Debra L. Lee is joining President Barack Obama's management advisory board designed to improve the relationships and interactions between private business and federal government. In bringing Lee to the board that will have its first meeting at the White House on Friday.
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Source: www.washingtonpost.com
Here’s a question about the Mideast turmoil for future historians: How much did food inflation contribute? We know some basic facts. Middle East countries import 50 percent or more of their wheat, a staple food for many. Beginning in mid-2010, world grain prices exploded. At $8.56 a bushel in February, wheat prices had doubled in eight months. Despite massive subsidies, some higher prices filtered through to consumers. Did that create a tinderbox for protest?
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Source: www.bloomberg.com

House Speaker John Boehner routinely offers this diagnosis of the U.S.’s fiscal condition: “We’re broke; Broke going on bankrupt,” he said in a Feb. 28 speech in Nashville. Boehner’s assessment dominates a debate over the federal budget that could lead to a government shutdown. It is a widely shared view with just one flaw: It’s wrong. 


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Source: www.inequality.org
The top one percent of households received 21.8 percent of all pre-tax income in 2005, more than double what that figure was in the 1970s. (The top one percent's share of total income bottomed out at 8.9 percent in 1976.) This is the greatest concentration of income since 1928, when 23.9 percent of all income went to the richest one percent. The above figures include capital gains, which are strongly affected by the ups and downs of the financial markets. Excluding capital gains, the richest one percent claimed 17.4 percent of all pre-tax income in 2005, more than double what that figure was in the 1970s. (It bottomed out at 7.8 percent in 1973.) This is the greatest concentration of income since 1936, when the richest one percent received 17.6 percent of total income.)
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Source: Institute for Research on Poverty
When government undertook to wage war on poverty in the prosperous United States of the 1960s, poverty was defined largely in terms of income. Poor people were perceived as differing from the rest of society primarily in their lack of money, and the apparent solution was to correct the income shortfall in a simple, efficient, and standardized manner. But decades of research and experience with antipoverty programs have made it clear that poverty involves very complex, interrelated and sometimes intractable socioeconomic, family, and individual issues. Understanding of these issues at the root of poverty is at the heart of IRP's institutional purpose.
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Crisis of Capitalism - Very Good Video