economy
Financial crisis likely to compound problem; C.U. rate below U.S. average
October 7, 2008 - 12:00am
By Sam Zarnegar
The national student-loan default rate increased by 13 percent in 2006, leaving many concerned about the effects the current financial crisis will have on borrowers over the next two years.
The cohort default rate measured the number of borrowers who were due to enter repayment in 2006 but failed to make any payments on their loan, and defaulted after two fiscal years.
The rate, which was 4.6 percent in 2005, increased to 5.2 percent in 2006, according to a report released by the Department of Education in September.
With the meltdown of some of Wall Street’s largest investment banks and the current choked state of the credit market, the future of the student-loan default rate remains unclear.
October 6, 2008 - 12:00am
By Yevgeniy Feldman
You know what really grinds my gears? People.
October 1, 2008 - 12:00am
By Laura Temel
While healthy young adults may appear to be the least at risk for health problems, make no mistake — many young adults are uninsured. The current system of health insurance in the United States has placed college students in an incredible bind. Over 13.7 million young adults in the U.S. today do not have health insurance specifically, those between the ages of 19 and 29, according to the Commonwealth Fund, a healthcare think tank. With young adults comprise one of the largest segments of America’s uninsured, we can be certain this is a serious domestic issue.
October 1, 2008 - 12:00am
By Shaun Werbelow
The focus of this column, then, will be the metaphorical roommate who won’t leave when you and your significant other are clearly vying for some privacy. Yes, I will continue to beat it (no pun intended), the only issue of relative significance these days, the dead horse — the economy, stupid.
September 30, 2008 - 10:05pm
By Donial Dastgir and Elizabeth Manapsal
Sticks and stones can break our bones but words will never hurt us, they say. But words undoubtedly affect public perception of events, particularly now during the current economic "crisis," or whatever you may wish to call it.
September 29, 2008 - 12:00am
The most shocking moment of Friday’s presidential debate wasn’t when Barack Obama mocked John McCain for refusing diplomatic contact with Spain or even when the candidates compared bracelets they had received on the campaign trail. For the most part, the candidates reiterated their well-known positions on Iraq, Afghanistan and taxes without much error. Instead, the most shocking part of Friday’s debate was how little the candidates talked about the massive economic bailout plan that fell apart on Thursday.
September 25, 2008 - 8:12am
By The Associated Press
John McCain and Barack Obama say presidential politics should have no role in the government's efforts to save the crippled financial system. Yet, each is playing his own politics toward the same goals — showing leadership during crisis, getting credit for any solutions, and, ultimately, winning the presidency.
September 20, 2008 - 7:45pm
By The Associated Press
The economy could suffer a massive hangover from the government's efforts to rescue the financial system in the form of a soaring debt burden. But the alternatives look infinitely worse.
September 16, 2008 - 9:20pm
By The Associated Press
The U.S. government has agreed to provide an $85 billion emergency loan to rescue the huge insurer AIG, the The Federal Reserve said Tuesday.
The Fed said the U.S. Treasury Department was in full support of the decisio
July 15, 2008 - 1:15pm
By The Associated Press
Federal Reserve Chairman Ben Bernanke told Congress Tuesday the fragile economy is facing "numerous difficulties" despite the Fed's aggressive interest rate reductions and other fortifying steps.
