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ITT Educational confident in 2008 view

CARMEL, Ind. - Post-secondary education provider ITT Educational Services Inc. said Thursday it is "confident" it can achieve 2008 earnings per share of $4.50 to $4.60 despite the reduction in lender subsidies under federal student loan programs and tight credit markets which are pressuring students.

Analysts surveyed by Thomson Financial expect full-year profit of $4.47 per share, on average.

The company said it expects to continue to improve student retention, but believes future increases in the quarterly persistence rate will moderate from 2007 levels.

"Recently, there has been a lot of speculation in the market with respect to the ability of our students to obtain the financing needed to pay their education costs," said Chief Executive Kevin Modany in a statement. "This speculation was caused by a recent reduction in lender subsidies under the federal student loan programs and the current credit crunch that arose from the subprime mortgage crisis."

ITT said it has arranged for Bank of America, Chase Education Finance and Citibank, The Student Loan Corp.


Salmond to be brought before MSPs to explain actions over Trump plan

However, amid fears it could slow the planning process to such an extent Mr Trump would go elsewhere, this failed to get the backing of MSPs from other parties. So it is more likely that the matter will be investigated by the local government and communities committee – a process that could be wrapped up much more quickly.David McLetchie, the Scottish Tories' chief whip and business manager, suggested that was the best way forward. He said: "Scottish Conservatives believe the most appropriate body to examine the conduct, handling and 'calling in' of this planning application by the Scottish Government is the parliament's local government and communities committee. "Accordingly, when the committee meets on Wednesday, I will propose that we take evidence on the role played to date by the Scottish Government in relation to this application."Because there is one Tory, one Liberal Democrat, three Labour members and three SNP MSPs on the committee, Mr McLetchie's motion is likely to pass.Last night, the Liberal Democrats were still hoping for an independent inquiry.


Hip-Hop Rumors: Rihanna Calls The Cops! Should Jay-Z Retire? Illseed's ...

I also heard a rumor that iTunes may not go towards SoundScan numbers. If that's the case, I am sure that Jay-Z wants people to go and cop the album so he can break Elvis' record!


Did you read about it? Jay-Z is set to tie with Elvis in No. 1 albums. But I say break it since Elvis is no longer with us to make No. 1 records. Read the story here.


Hey, help Jay break that record! A win for him is a win for Hip-Hop!


Buy the American Gangster album for $9.99 and cheaper right here!


SHOULD JAY HAVE STAYED RETIRED?


I was reading the paper and they are saying that Jay-Z should have stayed retired.


Interest rate-cut chorus grows

A growing number of economists now expect the Bank of Canada to cut interest rates in the coming months as a strong dollar takes a bite out of trade. Weaker-than-expected reports on international trade and manufacturing over the past week show the Canadian economy likely withered in the third and fourth quarters, they say. At the same time, the strong currency is reducing import prices and causing retailers to cut prices on their goods — putting a damper on inflation. .


Never a bad time talking to Salerno

Salerno probably could have worked anywhere at any level as a reporter. He stayed in Chicago and moved his family to Crystal Lake because that's the life he wanted.

"Everybody loved Randy and he could fit in any environment," Weir said. "But his sunlight and oxygen were his kids, his wife and Chicago. … I'm honored to have called him my friend. Just make sure you hammer how much he loved those kids."

Taking the air out: Days after WJMK-FM 104.3's Steve Dahl wisely backed out of an on-air "Win a Date With Drew Contest" suggested by Drew Peterson's lawyer, the blowback continues.

Peterson was doing a live interview Friday for Shepard Smith on Fox News Channel's "Studio B." The suspect in the disappearance of his fourth wife around three months ago happily talked about how he went on Dahl's morning show to take the air out of Dahl, but then Smith started asking more substantial questions.


Despite Citi woes, city plans on track

The billions in losses at Citigroup Inc., which led to Sunday's departure of chief executive officer Charles O. Prince, will not derail Citibank's expansion plans in Philadelphia, a local executive said yesterday. "From my perspective, nothing changes" in terms of Citibank's effort to become "a leader in financial services here in Philadelphia," said William E. Brown, Citibank's marketplace leader. Brown said Citibank opened its 11th branch here last week on Cottman Avenue in Northeast Philadelphia and - after opening its first here last year - planned to have 22 open by the end of the year. As all banks do, Citibank is working hard to gain favor in the communities where it opens branches. For example, Citibank was a lead sponsor, contributing $10,000 to the Education Foundation of Lower Merion's gala fund-raising event Saturday evening.


Glenn Greenwald

They want to ensure that Bush, in Monday's State of the Union address, can accuse Senate Democrats of failing to act on FISA, and thus attack and mock them as being weak on national security and causing the Terrorists to be able to Slaughter Us All.

And, rather pitifully, some Democrats are shocked -- so very upset -- that, yet again, their demonstrated willingness to give the Republicans everything they demanded has not prompted a Good, Nice, Courteous Response. "We did everything you told us to do. Why are you being so mean and unfair?" That sad posture is what led even Jay Rockefeller apparently to announce that he will vote against cloture on his own bill.

Worse, even if Democrats prevent the Republicans' cloture vote on Monday, that will mean we'll just be right back to where we were before that happened: with a series of votes that will almost certainly end in the Senate with some form of retroactive immunity and vastly expanded warrantless eavesdropping powers.



 

 

 

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