Although U.S. fourth quarter GDP growth was revised down from 5.9 to 5.6 percent, the impact on the U.S. dollar was minimal. The greenback sold off slightly against the euro and quickly rebounded after its knee jerk sell-off against the Japanese Yen. With the EU officially announcing its financial mechanism for Greece today, a mild downward revision to the U.S. growth numbers will not be enough to offset the positive sentiment....
University of California at Berkeley student Natalia Garcia protests on campus (click here) Thursday in Berkeley, Calif. Demonstrations, marches, teach-ins and walkouts are planned nationwide Thursday in what is being called the "March 4th National Day of Action for Public Education." Events are being held at most of California's public colleges and universities to protest budget cuts that have led to canceled classes, faculty furloughs and steep fee hikes. (AP Photo/Ben Margot)
The Global Economic Crisis of October 2008 has come to roost in State budgets. As a result of that reality has been the increasing tuition rates at state funded colleges and universities. California has already raised tuition at least twice to the students in their colleges. The students are facing leaving their educational opportunities behind as rates continue to increase and become unattainable to them.
The USA cannot afford to have its 'brain trust' shrunk to endanger its future and sovereignty. These actions by the federal government are necessary and correct to insure the continuation of excellence and achievement at the State Universities.
Tuesday, March 30, 2010President Obama will sign a bill today that ends a 45-year-old program under which banks and other private-sector lenders such as Sallie Mae receive a federal subsidy for making government-guaranteed college loans.
Instead, the U.S. Department of Education - which already makes roughly a third of these loans through its direct-lending program - will make 100 percent of them starting July 1.
The change will have a big impact on some lenders and colleges but relatively little on borrowers. They will continue to get the same loans - including Stafford loans for students and Plus loans for parents and graduate students - on largely the same terms....
MARCH 17, 2010, 8:26 A.M. ET
U.S. stock futures on Wednesday pointed to an extension of the slow but steady gains over the past week, as markets continued to respond to news of the Federal Reserve's unchanged stance on interest rates.
S&P 500 futures rose 2.4 points to 1157.20 and Nasdaq 100 futures were up 3.5 points to 1932.00. Futures on the Dow Jones Industrial Average added 22 points.
U.S. stocks rose Tuesday, with the DJIA closing higher for a sixth straight time and the S&P 500 finishing at a 17-month high as the Federal Reserve again said it would keep interest rates low for an extended period and as Standard & Poor's said it would not imminently downgrade Greece.
While expectations are growing that next month the Fed may change its language to a slightly more hawkish posture, the Bank of Japan doubled a loan program to $221 billion as it kept interest rates at 0.1%....