| MOHELA Forgives $1.5 Million in Student Loan Balances for First-Year ...
ST. LOUIS, MO--(Marketwire - January 24, 2008) - The Missouri Higher Education Loan Authority (MOHELA) has announced loan forgiveness awards of up to $3,200 for 510 public school teachers in Missouri. Designed to encourage the retention of quality educators, the awards went to all certified first-year teachers with Stafford student loans owned and serviced by MOHELA, as well as provisionally certified math, science and special education teachers. This award brings the total higher education loan balance and fee reduction granted by MOHELA to more than $42 million since 2000. In addition, MOHELA has pledged $335 million to help universities across Missouri improve facilities and provided $15 million to encourage research, development and commercialization of new technologies through the Missouri Technology Corporation.
Outlook roundup: Sybase, Nucor
DUBLIN, Calif. (AP) _ Database and mobile software maker Sybase Inc. forecast adjusted first-quarter earnings in range of Wall Street's expectations Thursday. CHARLOTTE, N.C. (AP) _ Steel products manufacturer Nucor Corp. warned Thursday its first-quarter 2008 earnings could miss Wall Street expectations, although it expects market conditions for sheet have improved as better customer inventory control has balanced reduced demand. SAN JOSE, Calif. (AP) _ SunPower Corp. lifted its 2008 profit and revenue outlook on Thursday and said it expects to have adequate polysilicon supplies to increase production sixfold by 2010. CARMEL, Ind. (AP) _ 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.
Today's markets
The financial industries' profits of $19.4 billion were up 6.2 per cent, building on a second-quarter increase of 5.1 per cent. Overall profits in the manufacturing sector increased 8.3 per cent to $11.7 billion in the third quarter, but remained well below the most recent high of $12.7 billion in the second quarter of 2004. Profits had declined in four of the previous six quarters. .
ROCKY TOP BEAT: Misstep in Kentucky
When the Vols meet Kentucky next time, hopefully, they will have Duke Crews patrolling the paint and they will not have an off night shooting by Tyler and JuJuan Smith. It should be a wild afternoon in Knoxville when these two tangle again. Looking for something good from this game, Chris Lofton shot 50 percent from the field and from the three point line. Chris also became the all time three point shooter in SEC history. Let's hope that this night will lead to more of Chris' shots finding their mark as we move deeper into the SEC schedule.The Lady Vols will continue their quest to stay undefeated in SEC play Thursday when they host the Arkansas Lady Razorbacks. They will be playing this game short handed once again as Alexis Hornbuckle will be missing from the line up as she under goes medical diagnostic tests.
Pro football’s political cheerleaders
The wild card in this game of musical chairs is who will inherit Parks' seat on the City Council should Parks move to the Board of Supervisors. We do not know who that person will be or what position on the NFL that person will take.
However, looking for something that would "affect the dynamics of football in the city" is not just about elections. The way we do things in L.A., an NFL team is a private investment. As I said yesterday, government's role is to provide leadership and help make the investment attractive with a good regulatory and tax climate. But government should not spend our tax money on this. Investors with deep pockets who are acceptable to the NFL must step forward and take the financial risk to make this happen. The emergence of such a person or persons is what will have the most effect on the dynamics of bringing the NFL to Los Angeles.
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