With money coming in more slowly than the financial aid given out, schools say they are nearing the breaking point, and even the most selective elite universities are rethinking their generosity.
"It just became clear that if we continue to give more and more aid, the numbers don't add up," says Raynard Kington, head of Grinnell College. Thanks to longtime former board member Warren Buffett, Grinnell has an endowment bigger than most schools dream of. For years, that's enabled Grinnell to admit students on a need-blind basis — and then give them as much aid as they need.
Originally published on Tue November 27, 2012 7:23 pm
Why were secrets raining from the sky during Macy's Thanksgiving Parade? Police still aren't sure.
Inspector Kenneth Lack said Monday the Nassau County Police Department is investigating how confidential records including names of police officers, license plates, and the route of presidential candidate Mitt Romney's motorcade ended up as confetti in Manhattan's annual celebration, The Chicago Tribune reports.
On Wednesday, President Obama will meet with middle-class Americans who will be affected by a tax increase if the country goes over the fiscal cliff. The White House put out a call for their stories last week.
That dialogue with the American people is part of a broader White House effort to keep campaign supporters engaged during Obama's second term. It's a big change from the first term — and it's not an easy undertaking.
Four servicewomen along with the American Civil Liberties Union are suing Defense Secretary Leon Panetta over the military's policy to exclude women from combat. The policy, says the ACLU, is unconstitutional.
It was almost spooky. Each night after 11 p.m., when nothing was stirring in the Kennedy Center Concert Hall, two men would enter. One would sit at the organ, playing a key or series of keys, and the other would crawl around inside the organ pipes, 40 feet off the floor. The process went on for months.
It was the all but final phase of installing a new organ for the Kennedy Center for the Performing Arts in Washington, D.C. And on Nov. 27, the organ makes its formal debut.
Venezuela's National Assembly has approved a measure that allows President Hugo Chávez to leave the country for medical treatment in Cuba.
Chávez, as we've reported, has been battling cancer for more than a year. His treatments and the secrecy surrounding his condition led some to wonder whether he could handle a rough reelection campaign. But he made a remarkable comeback and handily won another term in October.
There has not been a wave of defections by Republicans who signed on to his "no new taxes" pledge and even the few who have spoken about possibly going along with revenue increases won't do so in the end, anti-tax crusader Grover Norquist told NPR Tuesday.