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...loan industry estimates that up to 35,000 jobs might be lost by the transfer from FFEL to direct-loan. Members of Congress who represent states that employ a large portion of the industry workforce, like moderate Democratic Senator Ben Nelson of Nebraska, have opposed the measure for that reason. But the Department of Education (which would run the new and expanded program) maintains that because Sallie Mae and several other companies would be kept on as contractors to "service" the loans - performing administrative tasks such as answering student inquiries and collecting payments - the total amount of jobs lost will...

Author: /time Magazine | Title: Obama's Student-Loan Plan: A 'Good' Takeover? | 9/16/2009 | See Source »

...transition helped by the demands of a war. It was massive national hysteresis. Sound familiar? "A lot of the jobs that have been lost will never come back," the Peterson Institute's Kirkegaard says. Which means that hiccup in Okun's law is a warning: growth alone won't employ America again...

Author: /time Magazine | Title: Jobless in America: Is Double-Digit Unemployment Here to Stay? | 9/11/2009 | See Source »

Cash for Clunker Careers What to do? If your goal is to create jobs, you have two choices - and one painful fact - to confront. The painful fact is that the 1930s option, to have the government directly employ millions of people in labor fronts, is not an option today. "There's no way to create real jobs using this approach," says Harvard professor Roberto Mangabeira Unger. In the 1930s, you could throw 10,000 people with shovels at dam or road projects. Today the work of 10,000 shovels is done by a few machines...

Author: /time Magazine | Title: Jobless in America: Is Double-Digit Unemployment Here to Stay? | 9/11/2009 | See Source »

...show, which seeks to explore the history of drowning torture, will encourage interaction with the audience and employ animation to demonstrate more dangerous forms of waterboarding ("We're not going to do those on stage because we don't want to die," Skier notes). To explore "the eerily whimsical linguistic connotations" of the term "waterboarding," Mazen and Skier will also "play on slip’n’slides and toss beach balls while singing about 'enhanced interrogation techniques,'" according to the event's Facebook page...

Author: By Esther I. Yi | Title: A Tortured Affair | 9/9/2009 | See Source »

...Their motivation was the rapidly increasing popularity of UFC fighting, which ESPN has recognized as one of America’s fastest growing sports. UFC fighters employ moves from many different martial arts, engaging in both standing moves and moves from the ground...

Author: By Justin W. White, CRIMSON STAFF WRITER | Title: IT'S JUSTIN TIME: Find a Cure for Harvard Routine | 9/9/2009 | See Source »

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