| E-mails detail student loan firm's drive for profits
No new agreements can be made, but existing ones can continue as long as colleges invest the profits in need-based financial aid.
It was McCullough who suggested about four years ago that Des Moines University consider such an arrangement, university President Terry Branstad said last week. But the school picked Wells Fargo's bid instead of Iowa Student Loan's. That prompted McCullough to send an e-mail to select Iowa Student Loan employees in January 2004: "We need to consolidate the heck out of DMU loans."
Meanwhile, Wells Fargo, in the wake of criticism about school-as-lender deals, has decided to no longer enter into such arrangements.
Branstad said his school's deal with Wells Fargo will end in February.
But he defended such deals, saying if the university does not lend graduate students money, they will borrow money elsewhere.
January 2003
Bob Graham, the man who wants to be the next American president, is hellbent on driving hundreds families from their homes in the Everglades. Henry Lamb tells you why
Sustaining socialism: Sustainable development is nothing but socialism in disguise, says Tom DeWeese, and one of the greatest threats to your liberty
Canada's socialist "third party": The NDP's influence in Canada: It's a popular notion in Canada that the socialist New Democratic Party is irrelevant in Canadian politics. Mark Wegierski says that's hardly the case
The hidden heroes: America's soldiers may soon be off to war and that takes a terrible toll on their families. Joyce Mucci reviews Heroes at Home: Help and Hope for America's Military Families, a book which helps them cope those long absences
Making the case for regime change in Iraq: Carol Devine-Molin believes that there isn't much of an argument for continuing to allow Saddam Hussein to remain in power
Drill in ANWR, don't help terrorists: If leftists are equating the driving of SUVs with terrorism then importing oil from Saudi Arabia can't be that much better.
Americans’ debt woes expanding. Now it’s unpaid credit card bills ...
Americans' debt woes expanding. Now it's unpaid credit card bills that are rising By RACHEL KONRAD and BOB PORTERFIELD Associated Press SAN FRANCISCO — Americans are falling behind on their credit card payments at an alarming rate, sending delinquencies and defaults surging by double-digit percentages in the last year and prompting warnings of worse to come.An Associated Press analysis of financial data from the country's largest card issuers also found that the greatest rise was among accounts more than 90 days in arrears.Experts say these signs of the deterioration of finances of many households are partly a byproduct of the subprime mortgage crisis and could spell more trouble ahead for an already sputtering economy."Debt eventually leaks into other areas, whether it starts with the mortgage and goes to the credit card or vice versa," said Cliff Tan, a visiting scholar at Stanford University and an expert on credit risk.
Locking down financial security
One might reasonably expect the finance services sector to be well in credit when it comes to electronic security. But losses from online fraud continue to rise. Danny Bradbury combs through the books. Finance is one of the most heavily regulated industries, so electronic security in this sector should be exemplary. But why is online fraud on the rise and what are financial services firms doing about this and other kinds of financial scams? While overall card fraud is falling, instances of online fraud are rocketing, according to UK payment association Apacs. In 2006, internet fraud reached 154.4m, accounting for 73 per cent of card-not-present fraud. That's up from 117m the previous year, when it accounted for just 65 per cent of card-not-present fraud. Overall card-not-present fraud is expected to rise again in 2007.
Decoupling 1: Emerging Asia
This week's plunge in share prices, at one point taking the MSCI Emerging Asia Index down 25% from its October high, suggests they have changed their minds. But the fact that their stockmarkets are still coupled does not mean that their economies will follow America over a cliff. Decoupling was always a misnomer if it implied that an American recession would have no impact in the East. Exports and hence profits would certainly be squeezed; some fear Japan may even be tipping back into recession (see article). Instead, the real argument in the rest of Asia was that it would suffer less than in previous American downturns. .
E-mails detail student loan firm's drive for profits
No new agreements can be made, but existing ones can continue as long as colleges invest the profits in need-based financial aid.
It was McCullough who suggested about four years ago that Des Moines University consider such an arrangement, university President Terry Branstad said last week. But the school picked Wells Fargo's bid instead of Iowa Student Loan's. That prompted McCullough to send an e-mail to select Iowa Student Loan employees in January 2004: "We need to consolidate the heck out of DMU loans."
Meanwhile, Wells Fargo, in the wake of criticism about school-as-lender deals, has decided to no longer enter into such arrangements.
Branstad said his school's deal with Wells Fargo will end in February.
But he defended such deals, saying if the university does not lend graduate students money, they will borrow money elsewhere.
Deregulation and the Financial Crisis
There were good reasons for the Fed Policy, but that did not mean the Fed was helpless to prevent the housing bubble. As economists Dean Baker and Mark Weisbrot of the Center for Economic and Policy Research insisted at the time, Federal Reserve Chair Alan Greenspan simply by identifying the bubble — and adjusting public perception of the future of the housing market — could have prevented or at least contained the bubble. He declined, and even denied the existence of a bubble. Regulatory Failure Number Three: Financial Deregulation and Unchecked Financial "Innovation." A key reason that mortgages were made available so widely and with such little review of recipients' qualifications was a shift in which institutions hold the mortgages. Traditionally, banks made mortgages and held them.
It was merriment all the way
Barriers, too, were set up at strategic places. As the cops dealt with the rowdy crowd in the city, some negotiated the sharp curves on their way uphill. Bottlenecks and traffic jams at Pinjore and Kalka, however, forced more than a few to take a u-turn. Hotels and restaurants The celebrations were nothing less than global in the hotels with Russian pole dancers and reed-thin celebes of the fashion world making the party-goers dance to their tunes. At the terrace hall of the Taj, it was nothing less than the Oscars night. As the partying crowd left behind their vehicles at the, lens men on either side of the red carpet tried to capture memories for them even as the bouncers made faux attempts to keep them away. Inside the hall, it was pulsating music DJ Loch. In the grand ballroom, it was cutting the rug with Latino dancers.
Friday wild card
Why would anyone want a state prison or CWC in northern Idaho? How could an IDOC facility benefit the community as well as the offenders? These are fair questions. Ninety-five to 98 percent of state-incarcerated offenders will be released back into their communities. The receiving communities have little to say about that. Released offenders are coming, so it stands to reason that the receiving communities will feel and be safer if they can help released offenders not reoffend. .
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