Word: percenting
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...record-breaking number of more than 29,000 students have applied for spots in Harvard’s class of 2013, up about 5 percent from last year’s 27,462 applicants, the admissions office announced today. With an increase in applicants but the same number of spots available, this year’s admissions season is poised to be even more competitive than last year?...
...Mass incarceration is not making us safer, but less so. It is nearly impossible for people with criminal records to get jobs, so they often return to crime in order to support themselves and their families. Sixty percent of former offenders recidivate (commit another crime) within 3 years of their release from prison. One in 10 black children have a parent in prison; one in three black children whose parents have no gone to college will lose a parent to prison by the time they are 14. The unemployment rate for black men is estimated between...
...sharing, record companies have quietly adjusted themselves to the reality of downloading. CDs and MP3s are now only at the surface of what they sell; related products such as concert tours, posters, and ringtones generate a significant cut of the total revenue. In 2008, while album sales fell 14 percent, concert ticket sales rose seven percent. And next time someone’s cell phone goes off to the deepening downbeat of “Disturbia,” consider that 20 percent of Rihanna’s revenue comes from the sale of ringtones. This innovative mentality is saving...
...ARRP. According to New York Times economist Paul Krugman’s analysis of the report, “the plan would close only around a third of the output gap over the next two years.” Furthermore, it will only lower unemployment from about 9 percent to 7.5 percent, while the economy’s target unemployment rate, the natural rate, is about 5 percent. By the standards of the president-elect’s own economists, the plan will leave America with high unemployment and a weaker economy...
According to the Romer-Bernstein report, the effects of this plan will last until late 2011, with unemployment still 1.5 percent higher than the natural rate. This stimulus package could define the first term of Obama’s presidency—there is no margin for error...