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...doesn't have to be something that moves the market to amount to proxy fraud," says Richard Painter, a law professor at the University of Minnesota. "Just has to be something that a reasonable investor finds important...
...money had been set aside for the project before the financial crisis hit. Despite the financial constraints of recent months, the committee did not want to delay the project—even if it meant keeping embellishments less than lavish, Bhatt said.“There was a huge amount of pressure to keep expenses extremely low, so...it’s not as comfy-loungey as some may expect it to be,” said Bhatt, who added that the designers had originally intended to install hardwood floors but ultimately opted for linoleum. “That...
...most important birthday celebrations. Beijing's top cadres are evidently determined to make the parade spectacular. The number of participants - ranging from legions of helmeted jet pilots to policewomen in white go-go boots to students waving colored placards - will be the largest ever. Military experts say that the amount of new hardware on display, including fighter jets and new models of ballistic and cruise missiles, promises to be unusual...
...lend money to students. The Administration essentially wants to cut such companies out of the game and run the system itself. Democrats claim the move will save $87 billion over 10 years, which can be used for a laundry list of education priorities, including increasing the maximum amount of Pell Grants, expanding Perkins Loans and investing in community colleges and other programs. (See pictures of a diverse group of American teens...
...measure for that reason. But the Department of Education (which would run the new and expanded program) maintains that because Sallie Mae and several other companies would be kept on as contractors to "service" the loans - performing administrative tasks such as answering student inquiries and collecting payments - the total amount of jobs lost will actually be much less. It doesn't hurt the Administration's case that over a year ago, when the credit crunch paralyzed the markets, Congress had to pass a law allowing the Department of Education to buy student loans back from the lenders to ensure that...