Govt To Ratchet Up Collections On Student Loans
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Due to the persistently high percentage of government student loans in default, Education Minister Carl Bethel said the government is contemplating ‘get-tough’ measures to increase collection.
Due to the persistently high percentage of government student loans in default, Education Minister Carl Bethel said the government is contemplating ‘get-tough’ measures to increase collection.
As of June 30, 2007, [...]
Auction Debt Succumbs to BidRig Taint as Citi Flees (Update4)
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Feb. 21 (Bloomberg) — The collapse of the auction-rate bond
market, where state and local governments go to raise cash,
demonstrates that regulators are no match for Wall Street.
Hundreds of auctions have failed [...]
Corzine to Propose New Jersey Budget That Cuts Jobs (Update1)
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Feb. 26 (Bloomberg) — New Jersey Governor Jon Corzine will
propose a budget today that would reduce spending from the
current $33.5 billion by eliminating jobs, consolidating state
departments and cutting aid to hospitals and municipalities.
[...]
Hidden Swap Fees by JPMorgan Morgan Stanley Hit School Boards
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Feb. 1 (Bloomberg) — James Barker saw no way out. In
September 2003, the superintendent of the Erie City School
District in Pennsylvania watched helplessly as his buildings
began to crumble.
The 81-year-old Roosevelt Middle [...]
Corzine Calls for Debt Reduction Spending Freeze (Update4)
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Jan. 8 (Bloomberg) — New Jersey Governor Jon Corzine
presented lawmakers with a proposal for fixing government
finances, giving them two months to adopt his plan or come up
with one of their own.
Corzine [...]
SLM Reports Loss Amid Higher Costs Reduced Subsidies (Update7)
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Jan. 23 (Bloomberg) — SLM Corp., the largest U.S. provider
of student loans, reported an unexpected quarterly loss of $1.64
billion on increased reserves for defaulted loans and stock
buybacks to settle futures contracts.
The [...]
McGrawHill net down 31 pct shrs rise on outlook
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NEW YORK (Reuters) - McGraw-Hill Cos (MHP.N: Quote, Profile, Research) said on Thursday quarterly earnings fell 31 percent as demand for credit ratings from its Standard %26amp; Poor’s unit slid, but its shares surged after the company projected higher-than-expected 2008 profit as unsettled global markets calm down.
Shares rose as much as 12.5 percent. Chief Executive [...]
