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...where's all that outrage now? The thing is, the government already runs much of the student-loan industry. For decades under the Federal Family Education Loan (FFEL) program, the government has handed out subsidies to large banks and companies like Sallie Mae that lend money to student borrowers and collect it from them. In addition, the federal government has been obligated to cover up to 97% of any defaulted loan, effectively eliminating risk for lenders. Figuring that money could be saved by cutting out the middleman, Congress created the Direct Loan program - in which money goes from the Education...
...duplexes and bungalows. The only problem: the district was originally designed to house, support and entertain 1 million people, yet hardly anyone lives there. Only a handful of cars drive down Kangbashi's multilane highways, a few government offices are open during the day and an occasional pedestrian, appearing like a hallucination, can be seen trudging down a sidewalk, like a lone survivor of some horror-movie apocalypse...
Vieau attributes his company's recent success in part to its deep finances and manufacturing capacity. Customers regularly ask, he says, "Do you have the financial wherewithal to keep up and execute at a large scale?" Companies like A123 are busy wrestling with two key issues facing electric-car batteries: providing enough power to the car's engine and storing enough power to guarantee a defined range - say, 200 miles (about 320 km) - between charges. The goal for electric-car manufacturers is an affordable battery that can handle countless partial charge-discharge cycles over an eight-to-10-year life...
...early stages of what will be a significant run-up," says A123's Vieau. "There's a lot of business out there." Sastry echoes that view, saying many automakers rely on engine suppliers. "If the dream I and others have is realized, we'll see batteries being treated like engines," she says. Job engines, no less...
...seems like every year at Harvard outdoes itself in terms of exclusivity—Harvard has managed to bring an already microscopic admissions rate even lower to 6.9 percent. Congratulations to the Class of 2014! Here’s a drink (for your parents) to celebrate with...