timothy from the don't-worry-the-next-19-generations-won't-mind dept.
oxide7 writes with this excerpt from the International Business Times: "The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday in an unprecedented reversal of fortune for the world's largest economy. S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about the government's budget deficits and rising debt burden. The move is likely to raise borrowing costs eventually for the American government, companies and consumers."
The reason that every major university maintains a department of
mathematics is that it's cheaper than institutionalizing all those people.