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...Your last two books have been about baseball and football. When you had a son after two daughters, were you cheering in your mind? No, but I often have a delayed reaction to things. And now, yes - because he's obsessed with sports. He is going to be an athlete. The girls are also very athletic, but it's different. He's like I was. All he wants to do is go out, find a basketball hoop and shoot at it a hundred hours at a time. There is no question that there is a wavelength that we are both...
...What I have seen is that government insurance programs are high-risk," said Lockhart. "It is often difficult in a political environment to calculate or charge an actuarially fair price." It is essentially a moral-hazard argument. Lockhart believes that the government will never be able to accurately price the guarantees that Fannie and Freddie offer mortgage lenders and investors. And as long as the government is offering that insurance too cheap, banks will be encouraged to make loans they shouldn't. And that will lead to more losses for Fannie and Freddie down the road...
...Others fall victim to forced or bonded labor in their own countries. Women, eager for a better future, are susceptible to promises of jobs abroad as babysitters, housekeepers, waitresses or models - jobs that traffickers turn into the nightmare of forced prostitution without exit. Some families give children to adults, often relatives, who promise education and opportunity but instead sell the children into exploitative situations for money...
Harvard's schools have signed on to a new federal matching program to support financial aid for veterans, but the University's units differed widely in their financial commitment to the initiative—reflecting a tradition of decentralized decision-making at Harvard that current leaders have often sought to curtail.The recently-approved Yellow Ribbon Program—part of a new G.I. Bill that promises to pay up to the maximum in-state public undergraduate tuition rate for veterans who have served at least three years after 9/11—allows institutions to enter into agreements with...
Ultimately, religious schisms often boil down to the question of who's in charge. In this specific case, the Lefebvrites want to decide who becomes a priest of the Catholic Church, an authority that for centuries has rested solely in the hands of local bishops, who derive their authority from the Pope himself. One senior Vatican official says that the Pope's unilaterally reaching out to the Society, even with many outstanding issues unresolved, has emboldened rather than humbled the breakaway flock. "They thought all concessions had to come from Holy See," he says. "But they are [now] going...