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...contrast to 1985, the Obama Administration is expanding federal financial aid—in his State of the Union Address, Obama promised to increase Pell Grants and forgiveness of student loans after 10 to 20 years, among other reforms...
...women’s movement had only just begun to take form, and while most of her fellow classmates went straight from the dorms of Radcliffe to the role of housewife, Alfaro opted to further her education. Alfaro continued her studies at Berkeley, then began teaching English at Boston State College...
Though no definite plans have been set for the wedding, Cao and Wu said they plan to get married in one or two years at a chapel in Hawaii, Wu’s native state...
...contrast to both the state administrators supported by traditional Keynesians and the entrepreneurs favored by economic libertarians, contemporary innovators of redistribution emphasize the role of the public as a third actor in shaping economic life. One example that they often point to is the participatory budgetary process of the city of Porto Alegre in Brazil. The process, which was first implemented in 1989, encouraged all citizens to take part in constructing the city’s budget. Over the past two decades, thousands of citizens have participated annually in formulating the municipality’s economic priorities...
...proposal for a participatory budget process destabilizes the standard conception of the political debate: Conservatives who advocate for more market versus progressives who advocate for more state. The participatory budget process implicitly suggests that both the market and the state have to be supervised by the broader public. Simply having the market discipline the state or the state regulate the market does not solve the more profound need for the public to have the capacity to shape social decisions without those choices distorted by the excesses of economic shortsightedness or bureaucratic centralization. Participatory budgeting offers us a solution that goes...