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...Founded in 1903 as a women's college, Skidmore was long known for teaching art to well-heeled young ladies, but in its modern permutation as a coeducational college, it is a relative newcomer to national prominence and the donations that come with it. And while it's ranked among the top 50 liberal-arts colleges by U.S. News & World Report, administrators worry even that may not be enough to persuade students it's worth the higher sticker price...

Author: /time Magazine | Title: Colleges Face a Financial-Aid Crunch | 3/26/2009 | See Source »

...plan for Memphis, Cash wants even more time. Perhaps the most provocative aspect of his proposal is to focus on students in grades 3 through 5. Homelessness is growing sharply among kids at that critical age, when much of their educational foundation is set, Cash says. His aim: to thwart illiteracy and clear other learning roadblocks early, so the problem "won't migrate into middle and high school." Students will remain on campus year-round. "I don't see that there's anything better in the summertime in their neighborhoods," he notes. The school would cost...

Author: /time Magazine | Title: What Public Boarding Schools Teach Us | 3/26/2009 | See Source »

...ecology of business and employment at the high end has already been transformed by the Wall Street crash. The end of the boom in the financial industry means that careers manipulating money will no longer be so seductive to such a disproportionate share of our best and brightest. Among the 2007 graduates of Harvard College who went straight to work, half the kids heading to banks and consultancies said that if money weren't an issue, they'd be embarking on different career paths, and the 20% of the class that went to work in public service, politics, the arts...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...Among Democrats, Max Baucus is known mostly for his apostasies. So crucial was the Montana Senator to passing George W. Bush's tax cuts in 2001 that he was rewarded with a prime spot at the signing ceremony in the White House East Room. Two years later, it was Baucus who helped Republicans pass a pharmaceutical-industry-friendly Medicare prescription-drug bill, even as his party's congressional leadership was shut out of the process. It is understandable, then, that when Democrats took back control of the White House, many in the party were more than a little dismayed about...

Author: /time Magazine | Title: Max Baucus Is Mr. Health Care | 3/26/2009 | See Source »

...budgets suggest the challenges Obama's agenda faces. Both the House and Senate, after all, removed Obama's $250 billion-$750 billion placeholder request for more bank bailout funds. And they both slashed the Administration's proposed 10% increase in nondefense discretionary spending (for education, environment and health initiatives, among other things), to 7% in the Senate and 7%-9% in the House. The Senate stripped the President's signature middle-class tax cuts, known as "Making Work to Pay," of $400 for individuals and $800 for families. The Senate plan, crafted by Budget Committee chairman Kent Conrad of North...

Author: /time Magazine | Title: Obama's Budget Fight Starts with His Own Party | 3/26/2009 | See Source »

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