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By Henry C K Liu
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Wed, 28 Jul 2010 21:07:58 -0700
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Recurring financial crises of past decades had clearly exposed the instability of globalized unregulated financial markets and the great danger that poses for the economic wellbeing of defenseless developing countries participating in such markets.
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Report: Feds Downplaying Student Loan Defaults
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Fri, 23 Jul 2010 15:23:08 -0700
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Fifteen years after starting repayment, 1 in 5 student loan borrowers defaulted on their loans, according to a recent report released by The Chronicle of Higher Education . The Department of Education is undercounting student loan defaults, Chronicle reporter Kelly Field tells NPR. read more
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For-profit colleges facing restrictions
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Sat, 24 Jul 2010 05:14:02 -0700
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Proposal would tie federal aid to student loan defaults at schools like Harrison, DeVry, ITT Tech, Phoenix.
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Obama Cracks Down on For-Profit Colleges, Links Loans to Income
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Fri, 23 Jul 2010 00:59:17 -0700
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The Obama administration released a proposal that would tighten for-profit colleges access to federal student aid , threatening growth in the industry that received $26.5 billion in U.S. funds last year.
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For-Profit Colleges Rise as U.S. Eases Rule Proposal
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Fri, 23 Jul 2010 13:34:32 -0700
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Apollo Group Inc. and Education Management Corp. helped drive a rally by for-profit colleges after the U.S. government relaxed a proposal governing the industrys access to federal student aid.
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Proposal: Link federal aid to performance of ITT, peers
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Fri, 23 Jul 2010 04:14:36 -0700
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The Obama administration released a proposal that would tighten for-profit colleges access to federal student aid, threatening an industry that received $26.5 billion in U.S. funds last year. Carmel-based ITT Educational Services is among those potentially affected.
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Zac Bissonnette: The Student Loan Train Wreck: Why the Default Rate Is Just the Beginning
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Wed, 21 Jul 2010 09:15:47 -0700
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Data tells us nothing about how many sacrificed their lives to pay their debt, and that's the real tragedy of a nation that decided that it makes sense to send 21 year olds out into the world with 5- and even 6-figure debt loads.
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Wells Fargo Reports Net Income of $3.06 Billion; Up 20% From Prior Quarter
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Wed, 21 Jul 2010 05:00:00 -0700
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SAN FRANCISCO----Wells Fargo & Company : Strong growth across the franchise -- Net income of $3.06 billion, up 20 percent, or $515 million, from prior quarter -- Net income applicable to common stock up 21 percent from prior quarter to a record $2.88 billion -- Diluted earnings per common share of $0.55 -- Revenue of $21.4 billion, same as first quarter; pre-tax pre-provision profit1 of $8.6 ...
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Robert Peston
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Fri, 16 Jul 2010 09:15:50 -0700
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Will eurozone banks be rescued twice?
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JPMorgan earns $4.8 billion in 2nd quarter
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Thu, 15 Jul 2010 14:32:04 -0700
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JPMorgan Chase & Co. said Thursday its second-quarter net income soared 77 percent to $4.8 billion as a slowdown in losses from failed loans helped offset a difficult spring in trading and investment banking.
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