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Students screwed once by for-profit colleges being screwed again by Trump’s Education Department

Betsy DeVos Limiting the damage predatory and fraudulent for-profit colleges can do to students was the single best thing former President Barack Obama did on education, so naturally, Trump Education Secretary Betsy DeVos is determined to dismantle that good. It’s a perfect fit for DeVos: she gets to reverse Obama’s achievements and screw over the little people who had to borrow money to attend college. If it’s sometimes hard to keep track of all the ways DeVos is making life worse…

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Disney earnings disappoint, but stock turns around after Iger touts Fox assets and streaming

Walt Disney Co. shares declined after the company released a disappointing earnings report Tuesday afternoon, but turned around after Chief Executive Robert Iger laid out plans for Disney’s acquisition of 21st Century Fox assets and its coming Disney-branded streaming service. Disney DIS, +0.53%  stock has been pressured by concerns about its television assets, especially cable networks like…

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Musk plan to privatize Tesla pushes $2.3 bln of debt…

Musk plan to privatize Tesla pushes $2.3 bln of debt above conversion price By Reuters Published: 19:33 EDT, 7 August 2018 | Updated: 19:33 EDT, 7 August 2018 By Kate Duguid NEW YORK, Aug 7 (Reuters) – Elon Musk’s suggestion on Tuesday that he would like to take Tesla Inc private may provide something the electric car maker needs: a little debt relief. The 11 percent jump in Tesla’s stock price following Musk’s public musings on possibly buying the company…

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Duque becomes Colombia’s president, promising to unite…

By Helen Murphy and Julia Symmes Cobb BOGOTA, Aug 7 (Reuters) – Colombia’s President-elect Ivan Duque was sworn in to office on Tuesday, pledging to unite a divided nation behind his plan to toughen a peace accord with Marxist rebels and rekindle economic growth. Right-wing Duque, who replaces Nobel Prize winner Juan Manuel Santos, faces significant challenges. The economy remains weak, a new wave of drug trafficking gangs have moved into areas once controlled by the Revolutionary Armed Forces of…

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Poorly assessed loan to Jaypee caused over Rs 10-bn NPA: CAG raps IIFCL

An ill-timed and loosely assessed loan of Rs 9 billion to Jaypee Infratech Ltd hit the Yamuna Expressway Project over a period of time, causing a build-up of bad assets worth over Rs 10 billion on the books of IIFCL, a CAG report observed. IIFCL sanctioned and disbursed the loan at a time when the real estate industry was in strain and real estate development of the project was stalled due to restrictions imposed…

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PPL Corp (PPL.N) Key Developments

Aug 7 (Reuters) – PPL Corp ::ORATION REPORTS SECOND-QUARTER EARNINGS.SEES FY 2018 EARNINGS PER SHARE $2.34 TO $2.49.RAISES MIDPOINT OF 2018 EARNINGS GUIDANCE..QTRLY OPERATING REVENUES $1,848 MILLION VERSUS $1,725 MILLION.Q2 REVENUE VIEW $1.75 BILLION — THOMSON REUTERS I/B/E/S.ADJUSTING FOR SPECIAL ITEMS, Q2 2018 EARNINGS FROM ONGOING OPERATIONS $0.55 PER SHARE.QTRLY EARNINGS PER SHARE $0.73.FORECAST RANGE FOR 2018 REPORTED EARNINGS IS $2.34 TO $2.49 PER SHARE.NEW FORECAST RANGE FOR 2018 EARNINGS FROM ONGOING OPERATIONS IS $2.25 TO $2.40 PER SHARE.CONTINUES TO…

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After Eight Years of Bailouts, Greece Gets Last Loan Installment

FILE – Protesters take part in a rally organized by the Communist-affiliated PAME labor union outside the Greek parliament, in central Athens, on Tuesday, May 1, 2018. (AP Photo/Petros Giannakouris) ATHENS – There will no end to austerity, but Greece has getting the last installment, this one for 15 billion euros ($17.3 billion) as eight years of international bailouts are set to expire on Aug. 20, leaving the country at the mercy of the markets after a cash buffer runs…

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Battered Turkish lira gains on report of Turkish-U.S….

By Ezgi Erkoyun and Ali Kucukgocmen ISTANBUL, Aug 7 (Reuters) – The Turkish lira gained nearly 2 percent early on Tuesday but remained close to a record low struck the previous day after broadcaster CNN Turk said Turkish officials would go to Washington to discuss strained relations. On Monday, it fell as much as 5.5 percent to 5.4250 against the U.S. dollar, an all-time low and its biggest intraday drop in nearly a decade, after the Trump administration said it…

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can you do well by doing good?

Ireland’s sovereign wealth fund is set to divest from fossil fuel stocks, the Church of Ireland has pledged to do likewise by 2022, while Norway’s $1 trillion sovereign wealth fund, the world’s largest, doesn’t invest in tobacco shares and has proposed steering clear of oil and gas stocks. Sustainable investment is becoming increasingly mainstream, but can you really “do well by doing good”, to borrow that oft-used phrase? Or does embracing ethical investment principles mean sacrificing returns? Far from involving…

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Budget Surplus to Bolster Virginia’s Creditworthiness

Economic and Revenue Update; FY 2018 ending balance is estimated. Source: Virginia Secretary of Finance, May 2018 Virginia closed out FY 2018 in June with a budget surplus of just over $550 million. This amount “will substantially increase the Commonwealth’s cash reserves in order to protect taxpayers against a future economic downturn and further affirm our valuable AAA bond rating,” said Gov. Ralph Northam (D) in a July 12 press release. In a July 24 interview, Del. Mark Levine (D-45)…

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Brookfield Infrastructure Partners (BIP) Q2 2018 Earnings Conference Call Transcript — The Motley Fool

Image source: The Motley Fool. Brookfield Infrastructure Partners (NYSE:BIP) Q2 2018 Earnings Conference CallAug. 2, 2018 9:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning, ladies and gentlemen. My name is Susan, and I will be your conference operator today. At this time, I would like to welcome everyone to the Brookfield Infrastructure Partners Q2 earnings call. [Operator instructions] I would now like to turn the call over to Rene Lubianski, senior vice…

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Brighthouse Financial Announces Second Quarter 2018 Results

Brighthouse Financial Announces Second Quarter 2018 Results –Adjusted earnings* of $153 million, driven by higher corporate expenses and unfavorable results in the Run-off segment –Annuity sales grew 42 percent over the second quarter of 2017 –Variable annuity assets above CTE95 were flat at $2.7 billion –Reaffirmed full-year 2018 guidance, less notable items: adjusted earnings per share* of $8.50 to $9.00 and an adjusted return on equity* of approximately 8 percent –Announced $200 million stock repurchase program Brighthouse Financial, Inc. (“Brighthouse…

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When will Macon-Bibb vote on the property tax rate?

After nearly three months of budget wrangling among county leaders, the Macon-Bibb County Commission is finally set to vote on a proposed tax hike Tuesday. The proposed increase of 4.36 mills came after roughly $15 million in budget amendments restored funding to areas like recreation, the bus and library systems, and for various museums. The increase would cost an additional $187 for a $125,000 home with a homestead exemption, according to figures from Macon-Bibb County. If the 4.36-mill increase is…

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Provincial heads ‘in the sand’ about spending and debt, economist says

Unless New Brunswick gets a bailout from Ottawa, the provincial debt will continue to grow as the population ages, a Moncton economist says. Richard Saillant posted a graph comparing the increase in the net debt per capita between 2014-15 to this fiscal year, 2017-18, of four provinces: Quebec, Prince Edward Island, Nova Scotia and New Brunswick. New Brunswick stands out like a sore thumb on the graph, which shows the three other provinces have not added to their debt on a per…

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Watch: Israel snags its highest-ever credit rating

  Av 25, 5778 , 06/08/18 Standard and Poors indexes credit scores of nations worldwide to figure out which ones are most or least likely to pay back their debts. Last Briefs <![CDATA[]]> <![CDATA[]]> (function() { var _fbq = window._fbq || (window._fbq = []); if (!_fbq.loaded) { ExecuteJS( ‘https://connect.facebook.net/en_US/fbds.js’) _fbq.loaded = true; } _fbq.push([‘addPixelId’, ‘896016780422435’]); /*a7*/ })(); window._fbq.push([‘track’, ‘PixelInitialized’, {}]); Source link

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