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...stopped funding federal student loans and 33 have dropped private programs, according to FinAid.org publisher Mark Kantrowitz. Students at community, technical and for-profit schools have been the hardest hit. Federal Stafford loans were up in the second quarter compared with 2007, but loans made to parents through the PLUS program, which looks at credit history, plummeted--down 29% in dollar volume. Since May, the Education Department has spent some $5 billion buying loans in an effort to reignite private lending...

Author: /time Magazine | Title: Need a Loan? | 10/2/2008 | See Source »

...about nothing but escalated, with a lot about "your tone" and "Why you gotta be like that?" and "Stop playing me," followed by "I wrote you a poem." When the phone call ended, I said, "Flo, you've got 100 problems." He said, "Why's that?" I said, "99 plus one." It was the first rap joke I'd ever made. Trust me, if you know Jay-Z, it's a good...

Author: /time Magazine | Title: Fifth Wheel: Hanging out with Flo Rida | 10/2/2008 | See Source »

...patient and hits for power - the Moneyball way originally preached by Oakland A's general manager Billy Beane and perfected by the Sox - prevails. These Cubbies fit that mold. Chicago led the National League in both walks and that sacrosanct benchmark for the stat heads, on-base percentage plus slugging...

Author: /time Magazine | Title: Five Reasons the Cubs Will Win the Series | 10/1/2008 | See Source »

Legislation is slowly beginning to change. Since 2003, Washington State's vessel-removal program has led a crackdown on derelict boats, using ramped-up boat-registration fees as funding for the program, which has so far cleared 188 boats. "It gave us financial capability, plus the legal hammer if we needed to use it," says Doug Sutherland, the state's commissioner of public lands. Other state officials have expressed interest in Washington's model. In September, the California legislature passed a bill to increase fines for owners of derelict vessels. And last year, the U.S. House of Representatives passed...

Author: /time Magazine | Title: America's Underwater Junkyard | 9/30/2008 | See Source »

...proposals included in whatever new bill is negotiated - many boasting that they (unlike their leaders) can deliver the necessary votes if their ideas are adopted. Jeb Hensarling, chairman of the Republican Study Committee, a group of fiscal conservatives in the House, sent a letter to the group's 100-plus members advocating their involvement in a solution. "House conservatives have authored many alternatives that would work if only the Administration and the Democrat majority are willing to meet us halfway," Hensarling wrote. Representative Darrell Issa pushed a plan that he has advocated since the beginning of the meltdown to issue...

Author: /time Magazine | Title: Anatomy of a Legislative Meltdown | 9/30/2008 | See Source »

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